Business News


  • *Exane BNP Paribas cuts Lanxess to neutral from outperform For a summary of rating actions and price target changes on European companies:. Reuters Eikon users, click on. Reuters Station users, click. 1580.

  • *Exane BNP Paribas reinitiates on Abengoa with an underperform rating For a summary of rating actions and price target changes on European companies:. Reuters Eikon users, click on. Reuters Station users, click. 1580.

  • PARIS, Oct 1- European stocks are set to open lower on Monday, adding to the previous session's losses on mounting concerns over Spain's economic crisis and as data signalled further evidence of slowing growth in China. ,for Germany's DAX and for France's CAC.

  • TABLE-Japan copper output plan for October-March Monday, 1 Oct 2012 | 2:40 AM ET

    TOKYO, Oct 1- Following are Japan's copper, zinc and lead output plans for October-March, the second half of the current financial year. Makers H2 H1 H2 H1 Yr/Yr 2012/ 13 2012/ 13 2011/ 12 2011/ 12 COPPER T T T T% Pan Pacific n.a. 278,000 238,500 265,400 n.a.

  • *Japan's business sentiment worsens- tankan. SINGAPORE, Oct 1- Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone.

  • UPDATE 1-NORDIC STOCKS - Factors to watch on Oct 1 Monday, 1 Oct 2012 | 2:38 AM ET

    HELSINKI, Oct 1- The following stocks may be affected by newspaper reports and other factors on Monday:. The EU Commission has informed the Finnish steel company that the divestment of its Swedish melting and coil operations may not be enough to permit the approval of the Inoxum deal with Thyssenkrupp, Outokumpu said.

  • Aker Solutions gets 4-yr Statoil wireline contract Monday, 1 Oct 2012 | 2:37 AM ET

    OSLO, Oct 1- Oil services firm Aker Solutions. won a four-year frame agreement from Statoil to deliver wireline tractor services on the Norwegian continental shelf, it said on Monday. The deal, which also includes two additional two-year options, will generate revenues in excess of 100 million crowns per year, it added.

  • TEXT-S&P summary: Kagoshima Bank Ltd. Monday, 1 Oct 2012 | 2:37 AM ET

    Oct 01-=============================================================================== Summary analysis-- Kagoshima Bank Ltd.--------------------------- 01- Oct-2012=============================================================================== CREDIT RATING: A/Stable/A-1 Country: Japan Primary SIC: Commercial banks, nec=============================================================================== Credit Rating History: Local currency Foreign currency 20- Jan-2005 A/A-1 A/A-1 16- Jun-2000 A-/A-2 A-/A-2=============================================================================== Rationale.

  • Magyar Telekom to lay off 500 workers to cut costs Monday, 1 Oct 2012 | 2:32 AM ET

    BUDAPEST, Oct 1- Magyar Telekom will lay off 500 workers by the end of this year at a cost of about 6 billion forints to cut costs, the company said in a statement on Monday. The Deutsche Telekom unit said it expected to shave 5.6 percent off total workforce costs, excluding severance payments next year compared with 2011 spending levels.

  • Trading in Spain's Popular suspended - bourse Monday, 1 Oct 2012 | 2:32 AM ET

    MADRID, Oct 1- Trading in Spain's Banco Popular.

  • Czech Republic - Factors To Watch on Oct 1 Monday, 1 Oct 2012 | 2:30 AM ET

    PRAGUE, Oct 1- Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday. LOAN FACILITY: Telefonica Czech Republic. PRESIDENT: A young man wielding a plastic gun fired pellets at Czech President Vaclav Klaus on Friday, hitting him on the arm but causing no injuries. ï¿ ½ ï¿ ½.

  • German stocks - Factors to watch on October 1 Monday, 1 Oct 2012 | 2:30 AM ET

    COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.

  • LONDON, Oct 1- Exillon Energy PLC:. *Well etp IV-2003 confirming 8.6 metres of effective net oil pay. *Well flowed water-free oil to the surface with a flow rate of 465 bbl/day.

  • LONDON, Oct 1- Sinclair IS Pharma PLC:. *Distribution agreement and placing to raise 9 mln stg. *Agreement with Valeant for Sculptra, and New-Fill in Western Europe, and an exclusive sub-distribution agreement for Succeev in Western Europe.

  • Manufacturing activity in China, Japan's biggest exports market, remained in contraction in September, according to the official purchasing managers' index. The 10- year yield eased 1 basis point to 0.760 percent to its lowest level since Aug. 7, while Japan's Nikkei share average shed 0.8 percent.

  • RPT-INVESTMENT FOCUS-Tug of war into Q4 Monday, 1 Oct 2012 | 2:23 AM ET

    LONDON, Sept 28- Take on a little risk, maybe, but not too much.

  • Singapore- listed Thai Beverage has emerged as the best performer among 14 companies in the city-state's consumer staples sector, data from Thomson Reuters StarMine showed. Thai Beverage is up nearly 23 percent over the past month, while the sector index is down marginally in the same period, as of Friday's close.

  • ALMATY, Oct 1- Annual inflation in Kazakhstan inched up to 5.0 percent in September as food prices rose at a faster pace, leaving it on track to hit the government's full-year target. The central bank has cut its key refinancing rate four times since February to shore up central Asia's largest economy, reducing it to an all-time low of 5.5 percent in August.

  • Alstom wins 410 mln eur UK power station contract Monday, 1 Oct 2012 | 2:20 AM ET

    PARIS, Oct 1- French transport and power engineering company Alstom said on Monday it has won a contract valued at around 410 million euros to supply equipment for the gas-fired power station at Carrington in the UK.

  • *Bacit limited- intention to float.