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Separately, Canadian automotive group Magna International Inc may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in Britain and the Netherlands. Related news BASF Indicated 0.6 percent lower.
TORONTO, Oct 1- Canada's main stock index rose moderately on Monday, after touching a one-week high, as optimism over better-than-expected U.S. data was tempered by signs of economic weakness in Asia and evidence of a new recession in the euro zone. Federal Reserve and the European Central Bank.
Graz- based contract car manufacturing subsidiary Magna Steyr currently makes the Mini Countryman sports utility vehicle and later this year will also begin producing the Paceman, a sportier coupe version of the SUV, the seventh derivative of the Mini.
FRANKFURT, Oct 1- Canadian automotive group Magna International may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in two locations.
TORONTO, Oct 1- Canada's main stock index hit its highest level in more than a week on Monday, starting the new quarter on positive ground as U.S. economic data surprised to the upside and investors bet on continued support from central banks.
*Acteon valued at 800- 900 mln stg- sources. LONDON, Oct 1- Private equity group First Reserve has sold UK offshore oil and gas services group Acteon to rival KKR, one of two European deals on Monday to fan hopes that private equity firms can still make profitable sales.
Oct 1- Canada's main stock index looked set to open higher on Monday at the start of the quarter, with investors hoping for aggressive action from central banks after economic data from Asia and Europe showed further signs of slowing global growth.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy Germany- based ixetic Verwaltungs GmbH for about 308 million euros to expand its engine and transmission pumps business. The company has two manufacturing facilities in Germany, and one each in Bulgaria and China.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy ixetic Verwaltungs GmbH for about 308 million euros.
Oct 1- Magna International Inc:. *Strengthens position in automotive pumps through two acquisitions. *Says ixetic had full year 2011 total sales of approximately EUR300 million.
To play the potential housing turnaround, Cramer doesn’t recommend buying homebuilder stocks. Read on for his preferred plays.