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  • Oct 2- Electrocomponents Plc, a British distributor of electronic products for engineers, reported a 3 percent rise in first-half underlying sales, helped by strong performance in its international market. The company, which distributes 500,000 products, sourced from over 2,500 suppliers, said international sales rose 5 percent in the six months ended Sept....

  • Renault has revamped the elderly Espace people carrier as a crossover sport utility vehicle as it seeks to relive the marque's past glories. "It's certainly a great nameplate to revive, because it was quite something for Renault," UBS analyst Philippe Houchois said. "It was about the closest Renault ever got to a premium product."

  • MOSCOW, Oct 2- Oil production in Russia increased by almost 0.9 percent month-on-month in September to 10.61 barrels per day largely because of increased output at joint ventures with foreign majors, Energy Ministry data showed on Thursday. The ministry does not provide a breakdown of the data for the projects, which include Sakhalin-1 of Rosneft, ExxonMobil,...

  • LONDON, Oct 2- "Things are always unnoticed, until they're noticed," Tesco Chairman Richard Broadbent said when asked how Britain's biggest retailer had failed to spot a 250 million pound sized hole in its first-half profits. Whether conspiracy or cock-up, the scandal raises doubts over the management and financial oversight at Britain's largest private...

  • LONDON, Oct 2- Bill Gross' exit from Pimco has seen billions of dollars leave the fund group and even more value wiped off the share price of its parent company, offering a warning both to firms who rely on star managers and the investors who chase them. Gross's flagship Pimco Total Return Fund lost money every month from May last year, totalling nearly $70 billion by...

  • Spreadbetters see lower open for Europe. The gloom is seen keeping Europe on the defensive, with spreadbetters forecasting Britain's FTSE and Germany's DAX each to drop as much as 0.2 percent, and France's CAX to start 0.1 percent lower. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.1 percent, with the downturn potentially limited by...

  • *Brent may struggle to recover on weak demand in China, Europe. SINGAPORE, Oct 2- Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest level in more than two years, reflecting sustained pressure from plentiful global supply and weak demand conditions in Europe and China. "Ultimately weak demand conditions in Europe and China mean...

  • Loan fraud inquiry focuses on used-car dealers - NYT Thursday, 2 Oct 2014 | 1:23 AM ET

    Oct 2- U.S. federal and state authorities are investigating used-car dealerships to examine if they are inflating borrowers' income or falsifying employment information on loan applications to ensure that anyone can buy a car, the New York Times reported, citing people briefed on the matter. Falsified loan applications may lead borrowers to ultimately fall...

  • NEW YORK, Oct 2- Mortgage credit remains. For example, at Boston- based real-estate lender Edward Voccola& Co. clients who borrow to buy rental properties must simply provide identification, the property address and the expected annual rent. The Mortgage Bankers Association's Mortgage Credit Availability Index, which measures the ease of obtaining a home loan,...

  • The site, already partly occupied by warehouses and distribution facilities for Wal-Mart, Amazon and Federal Express, is where Elon Musk's electric car maker Tesla Motors plans a factory to make batteries, helped by more than $1 billion of incentives provided by Nevada. For Gilman, this dry, desolate slice of Storey County is where the old Nevada, symbolized by...

  • JGBs mostly flat, underpinned by sagging stocks Thursday, 2 Oct 2014 | 12:53 AM ET

    TOKYO, Oct 2- Japanese government bonds were mostly steady on Thursday, underpinned by sagging stocks and solid demand at a 10- year JGB sale, though modestly weakening at the superlong end. In the morning session, some JGB dealers covered their short positions in the current 10- year JGBs in relatively large lots of more than 70 billion yen, market participants...

  • The watchdog said in a statement it had also stopped more than 70 tonnes of pig products from Poland and Germany as well as 100 tonnes of apples because they were labeled improperly.

  • BANGKOK, Oct 2- Consumer confidence in Thailand dropped in September for the first time since May's military coup, a university survey showed, adding to evidence that authorities haven't yet been able to get an economic recovery on track. Consumption is a pivotal engine of growth in Thailand, so getting Thais to spend more is crucial for reaching the growth...

  • Oct 2- Tesla Motor Inc Chief Executive Elon Musk sent out a cryptic tweet on Wednesday, saying it is "about time to unveil the D and something else", with an accompanying photo which mentioned a date, Oct. 9. It was unclear what the "D" or "something else" entails, but the image suggested a new model the electric carmaker might unveil on that day. Musk did not immediately...

  • Brent hovers near 27-month low as abundant supply weighs Wednesday, 1 Oct 2014 | 11:39 PM ET

    *Brent may struggle to recover on weak demand in China, Europe. SINGAPORE, Oct 2- Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest levels in more than two years, reflecting sustained pressure from plentiful global supply and weak demand conditions in Europe and China. "Ultimately weak demand conditions in Europe and China...

  • TOKYO, Oct 2- Asian stocks fell on Thursday as weak global manufacturing activity and an Ebola health scare in the United States spooked world markets, sending investors scurrying to the safety of U.S. bonds, the Japanese yen and gold. Investors warmed to the yen after a slew of surveys showed German factory activity shrank for the first time in 15 months, China's...

  • Oct 1- U.S. apartment vacancy rate rose by 10 basis points in the third quarter, while new construction accelerated to its second-highest quarterly rise since the fourth quarter of 2002, real estate research firm Reis Inc said in a report. New York remained the most expensive market in the country with effective rents registering $3,185 per month, a 47 percent...

  • Nikkei falls to 3-week low on global manufacturing gloom Wednesday, 1 Oct 2014 | 10:25 PM ET

    *Exporters hit, Honda falls 3.2 pct. TOKYO, Oct 2- Japanese shares tumbled to three-week lows on Thursday morning after disappointing global manufacturing activity stocked concerns over global growth, while the first confirmed case of Ebola in the United States heightened the risk-averse mood. A slew of surveys on Wednesday showed German factory activity...

  • NEW YORK, Oct 1- The creation of a mammoth database that was ordered up in the wake of the Flash Crash will cost $255.6 million over five years to operate, according to the average cost estimate of six entities vying to build the system, a regulatory filing showed. The CAT, one of Wall Street's biggest undertakings in years, took on urgency after the Flash Crash when it...

  • WASHINGTON, Oct 1- Three of the four largest U.S. wireless carriers and satellite provider Dish Network Corp plan to bid in the Federal Communications Commission's November auction of airwaves, according to initial applications released on Wednesday. As expected, the largest U.S. wireless carrier Verizon Communications Inc, No. 2 AT&T Inc, No. 4 T-Mobile US Inc...