CNBC's Kate Kelly and Melissa Lee discuss presentations at the Sohn Conference Wednesday. Muddy Waters is short Bank of the Ozarks; David Rosen is long Kraton Performance Polymers; and John Khoury is long Hyatt Hotels. » Read More
LONDON, Oct 10- Britain's Oxford BioMedica. said on Wednesday it was closing a mid-stage clinical trial of its cancer vaccine TroVax in U.S. patients with prostate cancer, dealing a further blow to the troubled product. Shares in the company fell more than 9 percent on the news.
LONDON, Oct 10- European shares pared earlier losses on Wednesday to turn flat, as gains in miners counterbalanced weakness in technology shares. The FTSEurofirst 300 index was broadly flat at 1,095.79 points by 0731 GMT. The euro zone Euro STOXX 50 index.
gains 0.6 percent a day after the company said its second quarter deliveries rose 5 percent from a year earlier. *Morgan Stanley says volumes are higher than its expectations, suggests Tata has started ramping up steel output thanks to newly-expanded capacity.
LONDON, Oct 10- Britain's top shares index edged lower in early trade on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, and with investors looking to third-quarter corporate earnings for fresh direction. Alcoa kicked off the U.S. third-quarter earnings season after Wall Street's close on Tuesday.
AMSTERDAM, Oct 10- Shares in Dutch delivery group TNT Express fell as much as 2.5 percent on Wednesday after the Financial Times reported the European Union would object to American rival UPS's 5.2 billion euro bid for TNT. TNT Express shares were down 0.8 percent at 8.09 euros by 0711 GMT, compared with UPS's bid of 9.50 euros per share.
LONDON, Oct 10- European shares fell on Wednesday, losing ground for the third consecutive session, pegged back by concerns over the euro zone and the prospects of weak corporate earnings.
Oct 10- China shares edged up slightly on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps. The CSI300 index of top Shanghai and Shenzhen listings and the Shanghai Composite both rose 0.2 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/ CLOSE.
*Newcrest Mining slips 1.3 percent as bullion weakens. MELBOURNE, Oct 10- Australian shares pulled back from 14- month highs on Wednesday as lower growth forecasts for China and other regional economies by the International Monetary Fund wiped off gains made by miners on higher iron ore prices.
Shares in hospital operator Bangkok Dusit Medical Services Pcl were down 4.1 percent at 105 baht at the midsession break of 0530 GMT after block trades at a lower-than-market price of 104.5 baht. 12:20 STOCKS NEWS THAILAND- Condominium remains in limelight as Bangkok zoning law nears- Citi.
At 0602 GMT, futures for the Euro STOXX 50, for Germany's DAX and for France's CAC were down 0.1-0.3 percent.
*Shares in Emkay Global Financial Services Ltd. 9.9 percent after announcing the National Stock Exchange had re-instated its trading facility across cash, derivative and currency segments.
Bangkok's new zoning law aiming to reduce city density is unlikely to materially reduce condominium development opportunities in the capital and could be positive for developers that tapped into less stringent zones, Citigroup said. Bangkok's existing city plan is due to expire in May 2013.
MELBOURNE, Oct 10- Australian shares slipped 0.3 percent on Wednesday, pulling back from 14- month highs after the IMF cut its growth forecasts for a second time, sending shares around most of the region lower. climbed 6 percent to $117.20 a tonne, its highest since Aug. 1, according to data provider Steel Index, taking gains to 12.5 percent over the past two days.
MUMBAI, Oct 10- Shares of India's Polaris Financial Technology Ltd slumped on Wednesday after the country's market regulator accused the software services firm's chief executive of insider trading and barred him from participating in the securities markets for two years.
11:49 STOCKS NEWS SINGAPORE- Maybank ups target price on Keppel Corp. Maybank Kim Eng raised its target price on rigbuilder Keppel Corp Ltd to S $13.30 from S $12.90, and kept its' buy' rating to reflect the higher share prices of some of its units such as Dyna-Mac Holdings Ltd. At 0221 GMT, Keppel shares were down 0.97 percent at S $11.23.
*Blue chips that report earnings on Friday lead the fall in India: Infosys. falls 1.4 percent, while HDFC Bank. *Traders still welcomed a government panel report recommending India scrap a law that taxes asset transfers retrospectively.
Oct 10- H&R Block Inc, the biggest U.S. tax preparer, said it is exploring strategic alternatives for its small banking operation to avoid a looming sharp rise in costs associated with the introduction of stricter supervision under the Dodd-Frank Act.
*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.
SINGAPORE, Oct 10- Shares of Thai Beverage PCL. Companies linked to Thai billionaire Charoen Sirivadhanabhakdi, including Thai Bev, own 33.5 percent of F&N and have launched an offer to buy all of the Singapore group.