*Malaysia Airlines flight loses contact hour after takeoff. KUALA LUMPUR/ HO CHI MINH CITY, March 9- A Malaysia Airlines flight carrying 227 passengers and 12 crew was presumed to have crashed off the Vietnamese coast on Saturday, and European officials said two people on board were using false identities.» Read More
Oct 2- Deutsche Bank lowered its rating on Alcoa Inc's stock to "sell," saying lower aluminum prices over the last two quarters does not bode well for the company's primary metals business that accounts for more than 40 percent of its revenue.
*Currency trading platforms launch high speed restrictions. *Stock markets earn major revenue from high speed traders.
NEW YORK, Oct 2- U.S. private employers added a fewer-than-expected 166,000 jobs in September, according to Wednesday data from a payrolls processor, underscoring steady but still sluggish growth in the labor market. "It basically says that the stimulus will continue," said Chris Gaffney, senior market strategist, EverBank Wealth Management in St. Louis, Missouri.
NEW YORK, Oct 2- Shares of Empire State Realty Trust Inc, the company that owns the Empire State Building, rose in their first day of trading on Wednesday. The other properties, which include office buildings and retail properties, are located in New York and Connecticut. Shares of SL Green Realty Corp, a well-established New York office REIT, were down 1.4 percent.
BOSTON, Oct 2- Highfields Capital, which oversees $13 billion in assets, said it can deliver better returns with less money and is planning to return some capital at the end of the year.
Bank chiefs included Lloyd Blankfein of Goldman Sachs, Michael Corbat of Citigroup, Jamie Dimon of JPMorgan Chase& Co, and Brian Moynihan of Bank of America.
PARIS, Oct 2- European Central Bank President Mario Draghi said on Wednesday he expected no disasters to come to light in forthcoming financial health checks on the region's banks, which would be rigorous. The ECB is scheduled to take over supervision of the banks in about a year, and a resolution mechanism to deal with problem lenders should follow in 2015..
Given the lack of progress, the European Union decided to implement its own scheme and from January last year required all aviation using its airports to pay for emissions through its Emissions Trading Scheme. But there was an international outcry as non-EU nations accused the European Union of breaching sovereignty and threatened a trade war.
NEW YORK, Oct 2- Shares of Empire State Realty Trust Inc, the company that owns the Empire State Building, rose in their first day of trading on Wednesday. Shares of the real estate investment trust priced Tuesday evening at $13 a share, at the low end of the expected range, and opened only a hair higher at $13.05 on Wednesday.
*Britain, France, Germany seen watering down EU position. BRUSSELS/ MONTREAL, Oct 2- Britain, France and Germany are ready to water down the EU's position on aviation emissions to try to strike a global deal after some regions threatened a trade war when the EU put in place restrictions on its own, sources close to the talks said.
*Monsanto drops after fourth-quarter loss, lower outlook. NEW YORK, Oct 2- U.S. stocks fell on Wednesday as a partial government shutdown in Washington entered a second day, adding to concerns over how soon a political compromise would be reached.
NEW YORK, Oct 2- European Central Bank President Mario Draghi provided a firm boost to the euro on Wednesday by sticking to the ECB's current stance on monetary policy yet conveying that it is prepared to do more should it be warranted.
*Fed to buy $3 billion to $4 billion in medium-term Treasuries. NEW YORK, Oct 2- U.S. government debt prices rose on Wednesday as worries about a protracted government shutdown and data suggesting sub-par job growth rekindled bids for bonds and supported the view the Federal Reserve won't reduce stimulus in the near future.
Oct 2- Monsanto Co, the world's largest seed company, reported a deeper quarterly loss on Wednesday as seed sales slipped, and its 2014 profit forecast fell short of Wall Street estimates.
Phosphate Chemicals Export Association Inc handled U.S. exports of the crop nutrient on behalf of Mosaic and Potash Corp of Saskatchewan.
LISBON, Oct 2- Portugal Telecom is to merge with Brazil's largest fixed-line telecoms group Oi to form a new company worth about 5.6 billion euros and with 100 million subscribers.
LONDON, Oct 2- Despite a constitutional aversion to uncertainty, financial markets have breezed through political storms in two of the world's biggest economies, thanks to cool calculations that the crises will not trigger major shifts in investment.
LONDON, Oct 2- A surprisingly weak U.S. private sector jobs report sapped the dollar and world shares on Wednesday, adding to concerns about the economic impact of the budget standoff in Washington. "If the numbers had come up really, really strong, perhaps people would overlook the problems in Washington.
NEW YORK, Oct 2- U.S. stocks opened lower on Wednesday as a partial government shutdown in Washington entered a second day, adding to concerns over how soon a political compromise would be reached.
*Euro zone more resilient to troubles such as in Italy. PARIS, Oct 2- The European Central Bank is watching moves in market interest rates closely and is ready to use any policy option to temper them if needed, its president said on Wednesday.