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  • MOSCOW, Oct 2- Russian President Vladimir Putin said on Thursday the government would help companies hit by Western sanctions over Ukraine and that it would increase the capital of domestic banks. "The government is prepared to support sectors and companies that have been hit by unwarranted foreign sanctions. He also said that at least 30 billion roubles would...

  • BMW sees 2014 passenger car sales growing 3-4 pct Thursday, 2 Oct 2014 | 6:09 AM ET

    PARIS, Oct 2- Luxury carmaker BMW's global passenger car sales should grow by between 3 and 4 percent this year, sales chief Ian Robertson told Reuters on Thursday. Although growth was slowing in China, it would still be higher than in other markets, Robertson said in an interview at the Paris auto show, adding BMW would now make the 2- series active tourer in China.

  • *BlackRock's Thiel says mistake to bet on full-blown QE. LONDON, Oct 2- Renewed concerns over global economic growth pushed euro zone bond yields near record lows on Thursday, before a European Central Bank meeting after which the ECB is expected to flesh out its plans to pump more money into the economy. Appetite for riskier assets was also suffering due to an...

  • TOKYO, Oct 2- China is likely to have annual growth of at least 7 percent over the next five years as it rebalances its economy to lift domestic demand, the Asian Development Bank's new chief economist said on Thursday. His remarks, in an interview with Reuters in Tokyo, came a week after the Manila- based regional lender left unchanged its 2014 and 2015 growth...

  • LONDON, Oct 2- Oil prices hit their lowest level since June 2012 on Thursday, with benchmark Brent prices dropping below $92 a barrel, as price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data. Oil declined together with European stocks ahead of a European Central Bank meeting on Thursday, as investors waited to see if...

  • MOSCOW, Oct 2- President Vladimir Putin said on Thursday Russia will not impose restrictions on cross-border capital and currency movements.

  • By Steve Slater and Kirstin Ridley. LONDON, Oct 2- UK short-term lender Wonga is writing off the outstanding debt for around 330,000 customers at a cost of about 220 million pounds, after being forced to overhaul its lending practices by Britain's financial regulator. Privately owned Wonga is the biggest such lender in Britain.

  • PUTIN SAYS RUSSIA TO INCREASE CAPITALS OF RUSSIAN BANKS AFFECTED.

  • KIEV, Oct 2- Ukraine's economy is likely to shrink by 8 percent this year and contract again next year because of the effect of the separatist war in the industrialised east, the World Bank said on Thursday. The bank had previously expected Ukraine's gross domestic product would contract by 5 percent this year and then grow 2.5 percent next year.

  • PUTIN SAYS RUSSIA WILL AIM TO SHIFT TO NATIONAL CURRENCIES IN TRADE WITH CHINA AND OTHER COUNTRIES.

  • PUTIN SAYS RUSSIA WILL NOT IMPOSE RESTRICTIONS ON CROSS-BORDER CAPITAL, CURRENCY MOVEMENTS.

  • *PUTIN SAYS RUSSIA TO REMAIN OPEN MARKET ECONOMY Thursday, 2 Oct 2014 | 5:46 AM ET
  • Fiat needs more than the 500 to turn core brand around Thursday, 2 Oct 2014 | 5:43 AM ET

    *Fiat to unveil 500 X at this month's Paris auto show. PARIS, Oct 2- While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker's namesake brand. "The 500 is getting older and older, the success of its variants...

  • CAIRO, Oct 2- Egypt's economy is set to grow 3.3 percent this fiscal year, according to economists polled by Reuters, who nudged up their forecasts from last quarter as confidence has started to return. Egypt has received more than $12 billion in aid from Gulf states since ex-army chief Abdel Fattah al-Sisi ousted president Mohamed Mursi of the Muslim...

  • MOSCOW, Oct 2- Foreign-led projects lifted Russian oil output last month to within reach of a post-Soviet record, showing the potential in the country's existing fields, which are largely unaffected by Western sanctions over Ukraine. Oil production rose in January-September by 0.7 percent year-on-year, showing that Moscow has not curbed its output to prop up...

  • NAPLES, Italy, Oct 2- The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the spectre of deflation. That prospect has already stirred controversy in Germany and elsewhere. ECB President Mario Draghi said late on Wednesday the council would discuss how it can...

  • PARIS, Oct 2- Toyota Motor Corp expects to ride out the worst effects of the slump in Russia's car market, a senior executive said at the Paris auto show, and is sticking to its target of increasing sales to a million vehicles in Europe next year. "There is a lot of uncertainty in Russia... people are more reluctant to spend money; this is why the entry market is much more...

  • *Russia central bank's new scenario envisages $60 oil price. MOSCOW, Oct 2- Russia's central bank will not introduce restrictions on cross-border capital and currency movements even under its worst-case scenario where oil falls to $60 per barrel, Governor Elvira Nabiullina said on Thursday. The central bank said on Wednesday it was working on a "stress...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • LONDON, Oct 2- World stocks were knocked hard on Thursday after global manufacturing data and an Ebola health scare in the United States spooked markets, sending investors scurrying to the safety of U.S. bonds, the yen and gold. All that pushed MSCI's 45- country world stock index to a five-month low and Britain's FTSE, Germany's DAX and France's CAX fell 0.3-0.6...