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  • Allianz CEO likely to get 2 more years-Handelsblatt Monday, 29 Sep 2014 | 3:04 AM ET

    FRANKFURT, Sept 29- Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its Pimco subsidiary, a German newspaper reported.

  • LONDON, Sept 29- Britain's Balfour Beatty cut its profit outlook for the third time in less than five months after contract losses and writedowns in its UK construction arm delivered the latest blow to the beleaguered business.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output, while concerns about slow demand have grown.

  • TOKYO, Sept 29- Japan's Nikkei share average rose on Monday with the weak yen supporting sentiment, while risk taking was buoyed after the U.S. economy grew at its fastest pace in 2-1/ 2 years in the second quarter.

  • TOKYO, Sept 29- Asian stocks stumbled to a four-month low on Monday as political unrest in Hong Kong rattled investors, while the U.S. dollar basked in the afterglow of data showing the world's biggest economy on a strong footing.

  • Bank of America Corp was recently questioned by U.S. regulators about the potential legal and reputational risks from the maneuver, the newspaper said, citing a spokesman for the Federal Reserve Bank of Richmond.

  • BAE Systems says 2014 outlook unchanged Monday, 29 Sep 2014 | 2:21 AM ET

    LONDON, Sept 29- British defense company BAE Systems said it remained on track to report annual earnings in line with its guidance, even as it reported several impairment charges. BAE Systems said on Monday that it would take a goodwill impairment charge of 70 million pounds against its South African Land Systems business, which it recently agreed to sell.

  • LONDON, Sept 29- Britain's Balfour Beatty warned on Monday that profit in its UK construction services division would be around 75 million pounds less than expected due to additional losses and writedowns across a number of contracts.

  • Hong Kong dollar falters in face of pro-democracy demonstrations. The greenback also rallied to a 13- month high against the New Zealand dollar after Reserve Bank of New Zealand data showed that the central bank intervened last month to speed its currency's descent.

  • DUBAI, Sept 29- Dubai's Emaar Properties confirmed on Monday that the initial sale of shares in its malls unit priced at the top of the proposed range amid massive demand from investors, making it the largest stock offer in a Gulf Arab economy since 2008..

  • *Also tapping oil suppliers in Africa, Europe and Russia. SEOUL, Sept 29- South Korean refiners faced with weak margins want to cut costs by diversifying away from their traditional crude suppliers in the Middle East, and U.S. condensate could be an attractive option now that a long-standing U.S. export ban has been eased.

  • DUBAI, Sept 29- Dubai's Emaar Properties said on Monday that shares in the initial public offer of its malls unit would be sold at 2.90 dirhams per share, at the top of the proposed price range, valuing the business at 37.7 billion dirhams.

  • *Customs-cleared exports -7.4 pct y/y in Aug, poll saw -3.6 pct. BANGKOK, Sept 29- Thai exports in August fell by the biggest percentage since bad flooding in late 2011, confirming that a key engine of the country's economy is not firing.

  • *Hong Kong dollar falters in face of pro-democracy demonstrations. Asian market attention turned to Hong Kong, where democracy protesters defied volleys of tear gas and police baton-charges in the centre of the financial hub.

  • TOKYO, Sept 29- Brent crude oil fell below $97 a barrel in Asian trade on Monday, moving closer to a two-year low hit last week due to weak data from major buyer China and a stronger U.S. dollar. The London benchmark has fallen from $115 in June as geopolitical tension in the Middle East has failed to derail petroleum output and concerns about slow demand have grown.

  • HONG KONG, Sept 29- Hong Kong shares fell by midday on Monday after pro-democracy supporters clashed with police in the worst unrest in the city since China took back control of the former British colony almost two decades ago. Chinese markets, in contrast, hovered in positive territory unaffected by the protests in Hong Kong.

  • *Tokyo government downgrades casino project. TOKYO, Sept 29- Plans to open Japan's first casino in Tokyo before the 2020 Olympics are becoming increasingly unlikely, with developers facing skyrocketing building costs and a city government that no longer considers casino development an economic priority.

  • HKEx CEO Li calls for peaceful protests within law Monday, 29 Sep 2014 | 12:08 AM ET

    HONG KONG, Sept 29- Charles Li, the chief executive of the Hong Kong Exchanges and Clearing Ltd, on Monday urged pro-democracy protesters to use peaceful means within the boundaries of the law to voice their concerns.

  • SYDNEY, Sept 29- London copper slipped to its lowest in more than three months on Monday, pressured by a stronger dollar and questions over economic growth in top metals user China.

  • WELLINGTON, Sept 29- New Zealand dairy co-operative Fonterra is considering launching a NZ $100 million fund in the next year which would tap external capital to lend to its farmer shareholders in the face of falling global dairy prices.