After suffering an extended bout of bearishness, China shares in unloved sectors are climbing and analysts expect the rally can continue.» Read More
Greece's hopes of striking a deal with its lenders before euro zone finance ministers meet next week dimmed on Wednesday, when officials admitted the two sides disagree on how much the economy will contract in 2013- a key figure in their calculations.
LONDON, Oct 4- European shares were set to rise on Thursday, mirroring gains in the United States and Asia, with investors positioning for more soothing data and some clarity on Spain's likely aid request during a European Central Bank press conference after its rate verdict.
EADS Chief Executive Tom Enders is prepared to talk about guarantees for jobs and production sites in a planned merger of the company with Britain's BAE Systems, he told Germany's Bild daily.
PARIS-- French bank Societe Generale said Wednesday that it was in discussions to sell its Greek subsidiary Geniki to Greece's Piraeus Bank. Shares in Societe Generale, France's second-largest bank, slid immediately after the announcement and were down 1 percent in late trading.
PARIS, Oct 3- Societe Generale said on Wednesday it has started exclusive talks to sell its Greek unit Geniki Bank to Greek lender Piraeus Bank.
CAIRO, Oct 3- A trickle of foreign donor aid looks like Egypt's best hope of averting a balance of payments crisis for now because many of the investors who fled the country last year are loath to return until the government seals a loan from the IMF.
LONDON, Oct 3- Nestle has signed a 5 billion euro, 364- day syndicated loan, which will replace a 4.5 billion euro facility agreed in October last year, active bookrunner Citigroup said in a statement on Wednesday.
LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.
Oct 3- Malaysia's exports probably fell further in August, hit by weaker demand in China for its electronic products and lower commodity prices, economists polled by Reuters said, leaving the country more dependent on domestic demand to support growth.
*ABN Amro Bank starts Boursorama with reduce. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
ATHENS, Oct 3- Greece's central bank has decided to lower the capital adequacy requirement for the country's battered banks due to delays in their planned recapitalization as part of the country's foreign bailout, a Bank of Greece official said on Wednesday.
Greece's Piraeus Bank has struck a preliminary deal to buy French lender Societe Generale's loss-making Greek unit Geniki. FRANCE, FINLAND WANT SWIFT SPAIN, GREECE SOLUTIONS.
*Fast Retailing strong on report sales to reach 1 trln yen. TOKYO, Oct 3- Japan's Nikkei average fell to a three-week closing low on Wednesday as investors remained cautious ahead of a serious of key events this week, including policy meetings by the European Central Bank and the Bank of Japan and U.S. jobs data.
Ipsen said that Inspiration Biopharmaceuticals had not raised third-party financing by the contractual deadline of Sept. 30 and that it was therefore no longer obligated to pay the additional $12.5 million in exchange for Inspiration equity. The parties continue to explore various options, Ipsen said.
PARIS, Oct 3- Societe Generale said on Wednesday it had started exclusive talks to sell its loss-making Greek unit Geniki Bank to Greek lender Piraeus Bank as it seeks to cut its exposure to the debt-stricken country. Societe Generale is the latest French lender to pull out of Greece after expanding into the debt-laden country in the early 2000 s.
ATHENS, Oct 2- Greece's Piraeus Bank has struck a preliminary deal to buy French lender Societe Generale's loss-making Greek unit Geniki to strengthen its position amid a brutal debt crisis, two sources close to the talks told Reuters.
ATHENS, Oct 2- Greece's Piraeus Bank has struck a preliminary deal with French lender Societe Generale to acquire its loss-making Greek unit Geniki, two sources familiar with the matter told Reuters on Tuesday. A second banking source confirmed the initial deal and said it would require the blessing of Greece's bank bailout fund.
PARIS, Oct 2- European stocks pared early losses and steadied on Tuesday, with investors looking for clues on whether Spain will soon request a bailout that would ease fears of contagion from the euro zone debt crisis.
*Natixis raises Banco Popolare target price to 1.12 euros. *Natixis raises BNP Paribas target price to 45.5 euros from 40 euros; rating buy. *Natixis raises Credit Agricole SA target price to 6.7 euros from.
PRAGUE, Oct 2- Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday. EUROBOND: The Czech Republic took advantage of record low yields to raise funds for 2013, surprising markets with a 750 million euro reopening of a 10- year Eurobond.