*Asia underlying free surplus cash target 900 mln stg to 1.1 bln stg. The group said it was aiming for underlying free surplus cash generation in Asia of 900 million pounds to 1.1 billion pounds in 2017, compared with 484 million pounds in 2012..» Read More
MILAN, June 25- Italian region Piedmont has reached a settlement with Merrill Lynch over two derivative contracts the U.S. bank sold it in 2006 to help cover bond issues worth about 1.8 billion euros.
NEW YORK, June 24- U.S. stock index futures slightly added to gains on Tuesday after May durable goods rose more than expected. S&P 500 futures rose 10.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
WASHINGTON, June 25- Orders for long-lasting U.S. manufactured goods rose more than expected in May and a gauge of planned business spending increased for a third straight month, the latest signs of a pick-up in economic activity.
*China's central bank soothes credit worries, lifting shares off lows. *MSCI World stock gains 0.3 pct, Wall St seen firmer. However, trading was cautious before a batch of U.S. data which could reignite speculation over the timing of the Federal Reserve's next move, though stock index futures pointed to further gains when Wall St opened.
LONDON, June 25- Oil rose above $101 a barrel on Tuesday, rebounding from a three-week low, as investor concern eased about a liquidity crunch in China and as Canadian pipeline closures threatened exports to the United States. Brent crude gained 31 cents to $101.47 a barrel by 1209 GMT, after reaching a three-week low of $99.67 on Monday.
June 25- Canadian medical diagnostic services provider LifeLabs Medical Laboratory Services said on Tuesday that it was acquiring rival CML HealthCare Inc in a deal valued at about C $965 million. The deal will bring together LifeLabs and CML's network of laboratory testing services for patients across the province of Ontario.
OSLO, June 25- The Norwegian state has spent 1.56 billion crowns on increasing its stake in fish farmer Cermaq to nearly 60 percent, just days after fending off a $1.7- billion hostile bid by its bigger local rival Marine Harvest.
June 25- Walgreen Co reported weaker-than-expected quarterly results on Tuesday, citing slow front-end sales and a challenging economy. Walgreen, the biggest U.S. drugstore chain, earned $624 million, or 65 cents per share, in the fiscal third quarter ended May 31, compared with a profit of $537 million, or 62 cents per share, a year earlier.
LONDON, June 25- The dollar fell for the first time in a week on Tuesday against a currency basket, as investors pared long positions after some Federal Reserve officials downplayed expectations of an imminent end to stimulus.
*Strategists back cyclicals, bet on improving economy. LONDON, June 25- Investors are increasingly opting for economically sensitive European stocks as the prospect of reduced central bank stimulus brings the global growth outlook into focus.
JOHANNESBURG, June 25- South Africa's AMCU mining union is demanding gold mining companies more than double the wages of entry-level workers, according to a document seen by Reuters on Tuesday, raising the stakes for pay talks set for early next month.
NEW YORK, June 25- U.S. stock index futures rose on Tuesday, indicating the S&P 500 may halt its recent selloff after comments from China's central bank eased recent concerns about a credit crunch in the world's second largest economy.
*Top investors Fosun, Axa raise bid to 17.5 euros/ share. PARIS, June 25- A Chinese investor and a French private equity firm have won over Club Med with an improved 557 million euros takeover bid, seeking to accelerate a shift at the holiday resorts pioneer to fast-growing emerging markets.
*USDA confirms slow U.S. wheat harvest. Corn tracked wheat higher while soybeans were supported by confirmation from the U.S. Department of Agriculture that planting of the oilseed was progressing at its slowest pace in four years.
*2nd- qtr revenue $1.43 bln vs est $1.33 bln. June 25- Lennar Corp, the No. 3 U.S. homebuilder, reported a stronger-than-expected 53 percent rise in second-quarter revenue as it sold more homes at higher prices, suggesting the U.S. housing market recovery remains on track.
*Bund futures bounce off eight-month lows. *Other euro zone bonds stable, but Italy underperforms. LONDON, June 25- German bond prices rose on Tuesday, with uncertainty before U.S. data prompting investors to buy back some of the debt sold in anticipation of a reduction in Federal Reserve stimulus.
*EU court adviser says Google should follow EU privacy law. BRUSSELS/ LUXEMBOURG, June 25- Google must respect EU privacy law but is not obliged to delete sensitive information from its search index, an adviser to the highest European Union court said, in a case that tests whether people can have harmful content erased from the Web.
LONDON, June 25- European shares rebounded from seven-month lows on Tuesday as supportive comments from central banks eased concerns over a tightening of global monetary conditions and stress in the debt market. China's central bank said on Tuesday that it would guide rates to reasonable levels and two U.S.
*Gold edges higher as commodities, equities rebound. LONDON, June 25- Gold rose on Tuesday as comments from China calmed concerns about a credit crunch there, taking pressure off commodities and equities, but the prospect of an end to U.S.
DUBAI, June 25- Bahrain's state spending is expected to jump 11 percent this year, by more than originally planned, after its parliament approved 174.2 million dinars in additional expenditure, official data showed.