PORT BLAIR, India, March 16- India on Sunday put on hold its search for missing Malaysia Airlines flight MH370, at the request of the government in Kuala Lumpur, which wants to reassess the week-old hunt for the Boeing 777 that is now suspected of being hijacked.» Read More
Congress must reach a deal by Oct. 17, when Treasury Secretary Jack Lew has said the government will run out of money to pay its bills. "With the U.S. government still shuttered, traders and investors are unwilling to push the market too heavy in either direction," said Scott Smith, market analyst at Cambridge Mercantile Group in Calgary, Alberta.
U.S. to sell $30 billion in 1- month bill supply. NEW YORK, Oct 8- Interest rates on U.S. one-month government debt rose on Tuesday to their highest levels since August 2011 as investor anxiety intensified over whether the government would reach a deal to avert a default next week.
WASHINGTON, Oct 8- A default by the United States would like lead to a recession "or even worse," the chief economist at the International Monetary Fund said on Tuesday. IMF chief economist Olivier Blanchard said a failure to lift the nation's debt ceiling would lead to dramatic cuts in government spending and "probably... a lot of financial turmoil."
KUWAIT, Oct 8- A unit of state-owned Kuwait Oil Company will launch a tender later this year to build facilities to extract heavy crude at a cost of up to 1.2 billion dinars, its chief executive said.
NEW YORK, Oct 8- U.S. stocks opened flat on Tuesday on faint signs of progress to resolve the fiscal standoff in Washington, which has closed much of the federal government. The Dow Jones industrial average was down 19.01 points, or 0.13 percent, at 14,917.23. The Nasdaq Composite Index was up 1.75 points, or 0.05 percent, at 3,772.13.
TORONTO/ CALGARY, Oct 8- Talisman Energy Inc shares rallied in trading before the bell on Tuesday on news that Carl Icahn has built a stake in the company, but doubts remain about whether the billionaire investor will be able to force dramatic changes.
A source close to Aston Martin said its two-door Cygnet, which started production in 2011 based on the Toyota iQ but was marketed at three times the price, had been dropped from the company's line-up after dismal sales of the 32,000 pound vehicle.
*Treasury will sell $30 bln three-year notes, $30 bln 4- week T-bills. "A lot of people are just sitting on their hands because they don't even know how to play this, and the risk of being offside is immense because this could be resolved anywhere from the next minute to the next few weeks," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.
LONDON, Oct 8- After a stormy year for global emerging markets, one long-term casualty may be the decade-long push for central banking free from politics and the inflation-busting kudos that earned.
WASHINGTON, Oct 8- A U.S. debt default is an unlikely event, but one that could have catastrophic consequences for the world, the International Monetary Fund said on Tuesday.
DUBAI, Oct 8- Dubai listed its first new stock in more than four years on Tuesday but the shares drew no trade, underlining the limits of the market's recovery from its 2008 crash. The bank said its choice of Dubai showed its commitment to expanding its business in the Middle East.
*J.C. Penney jumps on turnaround update. NEW YORK, Oct 8- U.S. stocks were poised for a flat open on Tuesday on faint signs of progress to resolve the fiscal standoff in Washington, although an agreement still remained elusive.
Oct 8- Speech recognition software maker Nuance Communications Inc said it appointed two Carl Icahn nominees to its board, more than a month after the activist investor said he may explore such a possibility.
WASHINGTON, Oct 8- The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world.
MEXICO CITY, Oct 8- The International Monetary Fund slashed its 2013 growth outlook for Mexico on Tuesday after a weaker-than-expected first part of the year, while it dialed back expectations for growth in Brazil next year.
*Growth in Japan, Asia to slow if Japan reforms disappoint. TOKYO, Oct 8- Japan's government needs to implement structural reforms to boost the potential growth rate or it may be forced to launch more fiscal stimulus to meet the Bank of Japan's 2 percent inflation goal, the International Monetary Fund said.
LONDON, Oct 8- Gold inched lower on Tuesday as the dollar rose on signs of progress in the U.S. fiscal standoff, while investors' hopes increased that a U.S. debt default will be avoided. The United States faces an Oct. 17 deadline to raise its $16.7 trillion debt limit.
*Alcatel to cut nearly one in seven of its employees. PARIS, Oct 8- Telecom equipment maker Alcatel-Lucent announced plans on Tuesday to cut an overall 10,000 jobs worldwide in what its chief executive called a last chance to turn the company around from heavy losses.
Oct 8- Struggling department store operator J.C. Penney Co Inc reported a smaller decline in same-store sales for September, compared to August, and said it was seeing positive signs in many areas of its business.
*Wall Street set for mixed open. LONDON, Oct 8- Faint signs of movement on the fiscal standoff in Washington helped lift the dollar off an eight-month low on Tuesday, but fears it could result in a U.S. debt default weighed on world shares and oil.