Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin, the Financial Times reports.» Read More
*Credit Suisse raises U.S. banks to overweight from benchmark. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*FTSE 100 up 0.3 percent. By 1049 GMT, the FTSE 100. The FTSE has fallen from its recent highs of around 5,914, which it hit after global central banks acted to stimulate the economy, as investors await the next development out of Spain.
Credit Suisse remains overweight on equities but believes investors should be modestly reducing their risk in the near term, highlighting fears about a correction in global equity markets. "We are worried about event risk in the next six weeks," a Credit Suisse analyst says in a note. Beyond Europe, Credit Suisse see a correction in equity as overdue.
Credit Suisse strategists maintain a "small underweight" position on European banking shares while cutting their stance on European insurers to "benchmark" from "overweight", citing risks to the sectors from the euro zone debt crisis, amid other factors.
Oct 2- Banco Popular Espanol SA:. *Credit Suisse cuts Banco Popular target price to 1.20 euros from. Reuters Station users, click. 1580.
*Credit Suisse cuts Synergy Group to neutral from outperform. For a summary of rating actions and price target changes on European companies:. 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.
SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.
*State-backed merger to create entity with $15 bln in assets. DUBAI, Oct 2- Talks of a potential merger between Abu Dhabi property firms Aldar Properties and Sorouh Real Estate are at an advanced stage but a due diligence process was still ongoing, the two companies said in a joint statement on Tuesday.
MIDLAND, Texas-- Diamondback Energy Inc. said Tuesday that it plans to sell 12.5 million shares in its business for between $17 and $19 per share in an initial public offering of the oil and gas company.
By Simon Jessop and Alistair Smout. "The real key to create confidence is positive earnings surprises, positive economic data surprises," Philip Isherwood, European strategist at Absolute Strategy Research, who is nevertheless' overweight' on the region's stocks.
NEW YORK, Oct 2- The much-awaited bond from Dutch brewer Heineken to take out a EUR2.5bn bridge loan for its acquisition of Asia Pacific Breweries was announced today, and early indications are that it will raise up to US $3.25 bn.
Oct 2- Valmont Industries Inc:. *Credit Suisse cuts Valmont Industries to underperform from. Reuters Station users, click. 1568.
Oct 2- Willbros Group Inc:. *Credit Suisse cuts Willbros Group Inc to underperform from. Reuters Station users, click. 1568.
*Banks lower as UBS cuts ratings. *Babcock climbs after strong first-half. LONDON, Oct 2- Britain's top share index continued its choppy trend and was pulled marginally lower on Tuesday, as weakness in banks and miners overpowered results-related gains for companies such as Babcock and Tesco.
*10- yr yield at 8- week low; 10- yr futures touch 8- week high. TOKYO, Oct 2- Benchmark Japanese government bonds were slightly firmer on Tuesday, with the 10- year yield falling to its lowest in eight weeks as worries about a slowdown in global growth persisted.
Oct 10- Sabine Pass LNG LP. ,on Monday sold $420 million of senior secured notes, said IFR, a Thomson Reuters service. Credit Suisse and HSBC were the joint bookrunning managers for the sale.
Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on "entrepreneurial ventures," according to a memo on Monday from Chief Operating Officer Matt Zames, a copy of which was obtained by Reuters.
DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.
October 01- Following are terms and conditions. of a bond priced on Monday.