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  • *Traders hope for more stimulus measures in China. *Glencore rallies after upbeat notes from Citi and Barclays. However, shares in telecoms group Altice fell by 3.3 percent after Altice announced a capital increase to help fund its takeover of Cablevision.

  • JOHANNESBURG, Oct 1- Miner and commodities trader Glencore, which is reviewing its operations in the face of a slump in commodities prices, announced more job cuts at its mines in South Africa on Thursday. Gugulethu Maqetuka, a spokesman for Glencore in South Africa, said the Swiss-based company had laid off 240 workers at its South Witbank coal mine in...

  • LONDON, Oct 1- The safe-haven yen and the low-yielding euro came under pressure on Thursday, as global stock markets edged higher after their worst quarterly performance in four years. Both currencies performed well last quarter, after investors cut risky carry trades funded in both currencies when China devalued its currency and triggered worries about...

  • BERLIN, Oct 1- Volkswagen's supervisory board is considering steps to prop up the carmaker's credit rating amid a scandal over its rigging of emissions tests that affects 11 million of its vehicles, two sources close to the board said. Europe's biggest carmaker has admitted cheating in diesel emissions tests in the United States and Germany's transport...

  • DUBAI, Oct 1- Saudi Arabia demands Russia end its military operations against targets in Syria, a Saudi diplomat said in remarks broadcast by Saudi-owned al-Arabiya television, adding the Islamic State militant group was not present in the areas that were attacked. Speaking at the United Nations in New York on Wednesday, Abdallah Al-Mouallimi said: "The...

  • BEIJING, Oct 1- Activity in China's vast factory sector shrank again in September as demand softened at home and abroad, fueling fears that the world's second-largest economy may be cooling more rapidly than expected just a few months ago. Similar private surveys also showed growing strains on smaller and medium-sized manufacturing and service companies...

  • SAUDI ARABIA SAYS COUNTRIES CANNOT CLAIM TO FIGHT "TERRORISM" OF ISLAMIC STATE WHILE SUPPORTING "TERRORISM OF THE SYRIAN REGIME"- ENVOY QUOTED ON AL ARABIYA TV.

  • SAUDI ARABIA SAYS DEEPLY CONCERNED AT RUSSIAN RAIDS ON SYRIA, DEMANDS THEY STOP- ENVOY QUOTED ON TV.

  • Microsoft, Google stand down in patent battles Thursday, 1 Oct 2015 | 3:26 AM ET
    Google and Microsoft

    Microsoft Corp and Google Inc have agreed to bury all patent infringement litigation against each other, the companies announced on Wednesday.

  • JGBs firm after decent response at 10-year auction Thursday, 1 Oct 2015 | 3:22 AM ET

    TOKYO, Oct 1- Japanese government bonds rose across the curve on Thursday, after decent results at an auction of 10- year notes. Japan's Ministry of Finance offered 2.4 trillion yen of 10- year JGBs, reopening the current issue with a coupon of 0.400 percent. The JGB market shrugged off mixed signals from the Bank of Japan's closely watched tankan survey showing...

  • European shares rise on Glencore and M&A hopes Thursday, 1 Oct 2015 | 3:17 AM ET

    LONDON, Oct 1- European shares rose on Thursday, buoyed by a further rebound for mining and trading company Glencore after a painful sell-off earlier in the week and bid talk for German salt and fertilizer company K+ S. It was a different story for telecoms group Altice, which fell 5.9 percent after announcing a capital increase to help fund its takeover of...

  • *Gold extends losing streak to 5th session. SINGAPORE, Oct 1- Gold extended losses to a fifth session on Thursday, falling to a fresh two-week low, as strong U.S. private-sector jobs data bolstered views the Federal Reserve will hike rates this year. "Gold prices came under pressure with upbeat U.S. economic data," said ANZ analysts.

  • BERLIN, Oct 1- Members of Volkswagen's supervisory board are concerned about the carmaker's credit rating and are considering steps to prop it up but have no plans to sell off assets, two sources close to the board said. The Wolfsburg- based company has been hammered by the revelations that it manipulated diesel emissions tests. The scandal has sent its stock...

  • *But outlook remains weak as Asia's economies stall. SINGAPORE, Oct 1- Crude oil prices edged up on Thursday as demand was estimated to have risen in the first half of the year, but a steeper rise was prevented by renewed signs of Asia's economic slowdown. Traders also said a political risk premium had re-entered oil markets over Syria, where Russia and the United...

  • TOKYO, Oct 1- Japanese stocks rose on Thursday, taking comfort from surveys showing contractions in China's manufacturing activity may have bottomed out and on pockets of strength among Japanese firms despite the crunch felt by weak external demand. Automakers outperformed as China's tax cut on small cars took effect, halving the tax burden on cars with less...

  • *Official, private suveys show further deterioration in China. *Central banks in China, Japan elsewhere seen easing policy again. SYDNEY, Oct 1- Factories in Asia cut more jobs and throttled back output in September as domestic and export demand shriveled, adding to fears that cooling growth in China and emerging markets will jeopardize an increasingly fragile...

  • *UK Consumer Rights Act comes into force on Oct. 1. UK firms that have traditionally brought group claims here, such as Stewarts Law, are seeing U.S. rivals such as Hausfeld launch hiring sprees and others opening shop in London. Britain's new Consumer Rights Act introduces the first "opt-out" class actions for breaches of UK or EU competition law from Oct. 1.

  • China's new home price growth slows in Sept-survey Thursday, 1 Oct 2015 | 1:34 AM ET

    Oct 1- The rate of recovery in Chinese new home prices slowed in September from August, a private survey found, although sales volumes were much better than expected over the summer thanks to a series of government stimulus measures. Average prices of new homes in 100 of the biggest cities climbed 0.28 percent in September on-month, a poll by property data...

  • *Says bank will remain committed to Asia strategy. SYDNEY, Oct 1- Australia and New Zealand Banking Group's incoming CEO Shayne Elliott said the bank was committed to seeking growth in Asia but flagged more discipline in implementing its strategy- one that has come under fire for its low returns. Smith kick-started the bank's "super regional" strategy in 2007,...

  • WASHINGTON/ FRANKFURT, Oct 1- Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit. "Memo to the human race: you tried all this monetary policy stuff and at the end of the day it did not succeed in...