Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.» Read More
*Aurico Gold said it had agreed to sell the Ocampo mine in Mexico, as well as adjacent exploration projects and a 50 percent stake in the Orion project, to tycoon Carlos Slim's Minera Frisco for $750 million.
JOHANNESBURG, Oct 10- South African black empowerment group Batho Bonke Capital plans to sell 24.7 million shares in Absa Group, a director for the consortium said on Wednesday. Absa is the South African bank majority owned by Barclays.
*FTSE 100 down 0.4 percent. *US metals firm Alcoa starts earnings on downbeat note. *Smith& Nephew falls on earnings worries.
JPMORGAN CHASE INC The U.S. bank has hired Ahmed Saeed from Nomura Holdings. The investment bank appointed Peter Young AM as chairman of Barclays Bank Plc. He was the chairman of investment banking in Australia and New Zealand at ABN AMRO and a member of the advisory board at Royal Bank of Scotland in Australia.
LONDON, Oct 10- Britain's financial regulator has relaxed capital and liquidity rules on banks in an effort to stimulate lending and boost the economy, lifting bank shares. The Financial Services Authority said on Wednesday the shift in policy was set out in the Bank of England's Financial Policy Committee in September, and banks were aware of the changes.
*FTSE 100 down 0.2 percent, yo-yoing around 5,800. LONDON, Oct 10- Britain's top shares edged lower on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, although gains in heavyweight miners and banks provided a floor under the FTSE 100 index around the 5,800 level. At 0805 GMT, the FTSE 100.
*Barclays cuts Advanced Micro Devices price target to $3 from $5;. *Barclays cuts Altera Corp price target to $37 from $39; rating. *Barclays raises Cavium Inc price target to $37 from $34; rating.
*Barclays cuts Cummins Inc price target to $109 from $117; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Barclays raises OfficeMax Inc price target to $8 from $5; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Barclays cuts Mobistar price target to 30 euros from 38 euros. $3.90* Barclays raises VimpelCom price target to $10.20 from $9.80* Barclays cuts Belgacom price target to 22 euros from 23 euros. euros from 57 euros* Barclays raises kpn price target to 10.80 euros from 10 euros* Barclays raises ote price target to 3.53 euros from 3.34 euros.
Oct 10- CI Financial Corp:. *Barclays raises CI Financial Corp price target to C $24 from C $23;. Reuters Station users, click. 1568.
Oct 10-:* Barclays cuts Aixtron price target to $14 from $15; rating equal weight. *Barclays cuts Veeco Instruments Inc price target to $42 from $45;. Reuters Station users, click. 1568.
*Barclays cuts Sopra Group SA to underweight from equal weight. *Barclays cuts Aixtron SE price target to 11 euros from 12 euros. *Barclays cuts Infineon Technologies AG price target to 7 euros.
*Barclays starts McGraw Hill Companies Inc with overweight rating. *Barclays starts Moody's with equal weight rating. Reuters Station users, click. 1568.
*Barclays cuts Sap to equal weight from overweight. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
STOCKHOLM, Oct 10- Sweden's financial watchdog said on Wednesday that banks should retain responsibility for setting Swedish interbank rates, the system for which is under review by the central bank in the wake of the rigging of its London equivalent.
October 10- Following are terms and conditions. of a bond priced on Wednesday.
*FTSE 100 down 0.6 percent. LONDON, Oct 10- Global growth worries prodded Britain's top share index lower on Wednesday as a failed merger with a French peer hurt shares in defence and aviation firm BAE Systems.
JOHANNESBURG, Oct 10- South African shares turned positive for the first time this week but Gold Fields and other bullion mining firms took a beating from a recovery in the local currency. Absa, the South African bank majority owned by Barclays, fell 2.8 percent to 134.60 rand.
*India plans to raise nearly $6 bln from stake sales by end-March. That choosiness comes at a bad time for India, which may struggle to hit its goal of raising nearly $6 billion from share sales in state companies by the end of March with investor demand for new shares expected to remain modest.