China’s state-owned airlines have had a turbulent year and are warning of first-half earnings to match when they report later this month.» Read More
HONG KONG, Oct 4- Asian credit spreads continued to grind tighter on the back of strong technicals despite investors turning slightly more cautious ahead of central bank meetings in Europe and Japan.
*Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures edged up towards $109 per barrel on Thursday as a steep drop in the previous session brought in bargain hunters, while investors awaited further cues from a European Central Bank policy meeting and critical U.S. jobs data.
MADRID, Oct 4- Share trading in Spanish gas distributor Enagas was suspended on Thursday after Liberbank said on Wednesday it would sell a 5 percent stake in the company, the stock market regulator said. According to traders the placement in Enagas shares would be made at around 15.3 euros a share versus Wednesday's closing price of 16.015 euros.
ABU DHABI, Oct 4- National Bank of Fujairah. will replace British lender Barclays PLC on the United Arab Emirates' interbank rate setting panel, the banking regulator said on Thursday.
Oct 4- Akzo Nobel NV:. *Barclays cuts Akzo Nobel NV price target to 47.70 euros from 49.10 euros; rating equal weight. Reuters Station users, click. 1580.
Oct 4- TransDigm Group Inc:. *Barclays raises TransDigm Group Inc price target to $160 from $150;. Reuters Station users, click. 1568.
LONDON, Oct 4- Russia's largest bank Sberbank. Barclays is coordinating Sberbank's three-year loan, which is the largest such deal in the central and eastern European pipeline, the bankers added. Bank of Tokyo-Mitsubishi UFJ, Barclays, Citi, HSBC, ING, JP Morgan, WestLB, Goldman Sachs, Bank of America Merrill Lynch and SMBC participated in the 2011 deal.
DETROIT, Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
Barclays announced a shake up at its investment banking business aimed at streamlining the business in the face of a more challenging outlook for the industry. Wells Fargo's international group named Christopher Lewis as executive vice-president and head of global trade services.
LONDON, Oct 4- The failure of one Britain's big banks would still wreak market havoc and leave taxpayers on the hook as more needs to be done to curb their complexity and risks, the country's top banking supervisor said on Thursday.
*Barclays cuts Hewlett Packard target price to $16 from $21. Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies:. Reuters Station users, click. 4899 ().
*Barclays investment bank boss Ricci unveils management shake-up- memo. LONDON, Oct 4- Barclays announced a shake up at its investment bank on Thursday as the group tries to cut costs in a tough market and reduce risks to its reputation following the Libor scandal.
*Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues.
LONDON, Oct 4- The Bank of England will shy away from increasing its economic stimulus programme of government bond purchases on Thursday as the economy is showing some signs of growing again.
By Olivia Oran Oct 3- Container maker Berry Plastics Group Inc. Berry Plastics, based in Evansville, Indiana, is the latest in a slew of companies that Apollo is trying to take public this year. Berry Plastics intends use its IPO proceeds to redeem notes due in 2016, it said in its registration filing.
NEW YORK, Oct 3- U.S. companies added more jobs than expected in September, while activity in the vast services sector picked up, suggesting the economy remained on track for modest growth.
Oct 3- American Depository Shares of Luxfer Holdings Plc, a British maker of high-performance materials and gas cylinders, rose 17 percent in their market debut, a day after the company priced its initial public offering below its expected price range.
October 03- Following are terms and conditions. of a bond priced on Wednesday.
*Companies add 162,000 jobs in September. NEW YORK, Oct 3- U.S. companies added 162,000 jobs in September, more than economists expected but still pointing to slow improvement in the labor market, data from a payrolls processor showed 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.