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  • *Glencore rallies, Arcelor rises on Citi upgrade. LONDON/ MILAN, Oct 5- European shares rose sharply on Monday, with the French market outperforming after stronger-than-expected economic data, while Glencore and ArcelorMittal pushed up mining stocks and Volkswagen continued its slide. The economic data in France was today's surprise, "said Andrea Cuturi, chief...

  • *Gold rose 2.2 percent after U.S. data on Friday. LONDON, Oct 5- Gold slipped on Monday as investors turned to riskier assets, but a weaker dollar after a disappointing U.S. jobs report pushed back expectations of a Federal Reserve rate hike to early 2016, helped limit the downside. Gold, a non-interest-paying asset, had been weighed down all year by expectations the...

  • *Europe stocks follow Asia, Wall St higher. *Oil up as Russia says willing to discuss market. Others said the Bank of Japan could ease policy as soon s this week.

  • *Nordex to buy Acciona's wind power arm for 785 mln euros. BERLIN/ MADRID, Oct 5- German wind turbine maker Nordex is buying Spanish firm Acciona's wind power business for 785 million euros in cash and shares to create a global player in the wind energy market, it said late on Sunday. Nordex will pay Acciona 366.4 million euros in a one-off cash payment and the rest by...

  • UPDATE 2-American Apparel files for bankruptcy Monday, 5 Oct 2015 | 4:57 AM ET

    *Files for Ch.11 bankruptcy protection in Delaware. Oct 5- American Apparel Inc filed for chapter 11 bankruptcy protection on Monday, joining a rising number of U.S. apparel retailers reeling under tough competition and lower spending by teen shoppers. Under the agreement, American Apparel's secured lenders will provide about $90 million in...

  • LONDON, Oct 5- Britain's finance ministry said it will sell at least 2 billion pounds worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full private ownership. The sale is set to be the biggest privatization in Britain since the 1980 s, when Margaret Thatcher's government sold 3.9 billion pounds worth of...

  • LONDON, Oct 5- Progress in governance across Africa has stalled since 2011, with deteriorating safety and lack of economic opportunity overshadowing any gains made on the human rights front especially in resource-rich nations, a survey said on Monday. Mauritius held onto its top spot, followed by Cape Verde, Botswana, South Africa and Namibia, but overall the...

  • *Paris outperforms after French PMI data. *Glencore rallies, Arcelor rises on Citi upgrade. LONDON, Oct 5- European shares rose on Monday, with Glencore and ArcelorMittal pushing up mining stocks and French economic data lifting the Paris stock market.

  • *Russia- Saudi talks planned for end of October. LONDON, Oct 5- Oil rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have more than halved from last year's highs due to a supply glut. But Moscow is now prepared to meet OPEC and non- OPEC oil producers to discuss oil markets if such a meeting is called, its energy...

  • India agrees to fast-track German business deals Monday, 5 Oct 2015 | 4:24 AM ET

    NEW DELHI, Oct 5- India and Germany signed a deal on Monday to fast-track business approvals, an arrangement to make it easier for German companies to operate in Asia's third largest economy that was announced as Chancellor Angela Merkel visited New Delhi. The agreement is the first of its kind and comes as Prime Minister Narendra Modi seeks to attract foreign...

  • HONG KONG, Oct 5- Hong Kong shares rose 1.6 percent on Monday, with technology and financial stocks leading the way, as expectations of a United States interest rate hike this year diminished on weaker-than-forecast jobs data. Shares of Galaxy Entertainment jumped 5.3 percent, Wynn Macau gained 2.7 percent and Sands China rose 3.4 percent.

  • *Telenor seeks to sell 33 pct stake in Vimpelcom. *Vimpelcom has been headache for Telenor. OSLO, Oct 5- Norwegian telecoms firm Telenor wants to sell its 33- percent stake in Vimpelcom, currently valued at $2.3 billion, the latest move by a Nordic telecoms firm to sever ties with a business facing a bribery investigation.

  • The upgrade does not lead to automatic buying from rating-sensitive investors, but it provides more market-friendly news from southern Europe, along with Greek and Catalan election results and the growing likelihood of further European Central Bank stimulus. In Portugal, the ruling coalition led by Pedro Passos Coelho had around 38.5 percent of the vote.

  • *Potash Corp had offered 41 euros per share in cash. An acquisition of K+ S would have given Potash Corp an opportunity to realize savings from selling potash within North America from its own Western Canada mines and from K+ S's Legacy mine, which is under construction in the region. Since Potash Corp made its offer to K+ S privately at the end of May, shares of K+ S peers...

  • LONDON, Oct 5- The dollar nursed losses on Monday, falling around 0.4 percent against the euro and easing against a basket of currencies, after a weak U.S. jobs report drove traders to push back expectations of a Federal Reserve rate hike to early 2016.. The euro's bounce, though, is likely to remain muted, with the European Central Bank likely to come under additional...

  • TOKYO, Oct 5- The Bank of Japan is expected to hold monetary policy steady on Wednesday, preferring to save its limited options while hoping that a tightening job market will lift wages and consumption enough to offset the pain from China's slowdown. The BOJ is likely to remain under pressure to ease at a more crucial meeting on Oct. 30, when it is expected to cut its...

  • LONDON, Oct 5- European shares climbed higher on Monday, with a surge in Glencore lifting the mining sector and firmer oil prices giving energy stocks a boost. German potash producer K+ S slumped, however, after Potash Corp withdrew its bid for K+ S. Glencore extended its bounce-back from a bruising sell-off a week ago, up 8 percent after a surge in its Hong-Kong- listed...

  • *Schaeffler float worth 975 million euros. It set a price range for the offer of between 12.00 euros and 14.00 euros, to raise around 975 million euros. "Based on the mid-point of the price range, gross proceeds would amount to approximately 975 million euros, of which approximately 858 million would be attributable to Schaeffler from the placement of the new...

  • LONDON, Oct 5- Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, in its latest move to make the unit more efficient and cope with a fall in orders sparked by the lower oil price. Rolls-Royce's Chief Executive Warren East, who took up the role on July 2, is in the process of carrying out an operational review...

  • *Gold dips 0.3 pct after 2.2 percent gain on Friday. SINGAPORE, Oct 5- Gold slipped on Monday on profit-taking, but largely retained gains from its biggest jump in nearly nine months in the previous session as weak U.S. jobs data eased fears the Federal Reserve would hike rates this year. Nonfarm payrolls rose by only 142,000 last month, below economist expectations...