China posted better-than-expected GDP figures, but economists say there's little evidence of progress in rebalancing its economic growth model.» Read More
Oct 2- Credit Agricole SA:. *Exane BNP Paribas raises Credit Agricole SA price target to 6.6. Reuters Station users, click. 1580.
*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.
Oct 2- The following are the top stories on the New York Times business pages on Tuesday. *New York's attorney general, under the aegis of a federal mortgage task force, filed a civil suit against Bear Stearns, now part of JPMorgan Chase& Co, asserting that it defrauded investors who purchased mortgage securities.
Oct 2- Credit Agricole SA:. *SocGen cuts Credit Agricole SA to hold from buy. Reuters Station users, click. 1580.
CAC-40 futures are 0.7 percent lower at 0620 GMT FRANCE TELECOM. The oil services company said on Tuesday it has signed a lump-sum contract with Murphy Exploration& Production Company for the development of an offshore field in the Gulf of Mexico.
TORONTO, Oct 1- Air Canada, the country's largest airline, said on Monday it would transfer its fleet of 15 73- seat Embraer 175 aircraft to privately-held Sky Regional Airlines Inc next year, part of its cost-cutting push.
PARIS, Oct 1- French brokerage Cheuvreux is likely to cut hundreds of jobs as part of Credit Agricole's. Credit Agricole said in July it was in exclusive talks to sell Cheuvreux, which employs about 700 people worldwide, to independent financial services group Kepler Capital Markets.
*Dubai lender ENBD and Morocco's Attijari among bidders. DUBAI/ CAIRO, Oct 1- Dubai's Emirates NBD. and Morocco's AttijariWafabank have bid to buy BNP Paribas' Egyptian retail arm, four banking sources said, as regional banks pick up assets being shed by European lenders.
Oct 1- Credit Agricole SA:. *RBC raises Credit Agricole SA to sector perform from underperform. *RBC raises Credit Agricole SA price target to 6.60 euros from 4.
*Announces fleet plan for international growth.
*Possible 1 bln euro earnings hit- Mediobanca analysts* Deal to be completed by year-end. PARIS/ ATHENS, Oct 1- Credit Agricole announced plans on Monday to pay Alpha Bank 550 million euros to take Greek lender Emporiki off its hands, on top of billions it already injected into the subsidiary during the country's slide into economic depression.
Shares in French lender Credit Agricole rise 2.7 percent, the top gainers on France's CAC 40 index, as the bank confirms it is in exclusive talks to sell its Greek bank Emporiki to Alpha Bank.
By Christian Plumb and Lefteris Papadimas. PARIS/ ATHENS, Oct 1- Credit Agricole said on Monday it planned to inject another 550 million euros into its Greek bank Emporiki under a deal to sell it to Alpha Bank for a symbolic one euro, as it prepares to quit Europe's most depressed economy.
PARIS, Oct 1- Credit Agricole confirmed on Monday that it was in exclusive talks to sell the whole of its Greek Emporiki unit to Alpha Bank as the French bank seeks to pull out of the debt-stricken country.
Separately, the bank's brokerage unit Cheuvreux could cut 290 jobs in France as part of a possible deal with financial services group Kepler Capital Markets to buy Cheuvreux, French daily Les Echos wrote, citing sources close to the matter.
Credit Agricole has reported a 67 percent drop in second quarter net profit, hit again by its troubled Greek unit and write downs on Italian assets.
The French bank Credit Agricole is planning on major changes to the way it operates in order to avoid new capital requirements being imposed by global financial regulators.
Fitch downgraded its credit ratings on five major European banks as part of a broader review of its ratings on the largest banks in the world.
Sue Craig has a great piece in the New York Times today about Morgan Stanley's recent travails.
Investors will have to deal with an avalanche of news flow from Europe on Wednesday ahead of a crucial meeting of euro zone finance ministers and US Treasury Secretary Tim Geithner on Friday.