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  • DETROIT, Oct 7- Chrysler Group LLC said on Tuesday it is recalling about 22,100 small cargo vans because of inadvertent side air bag deployments, the company and U.S. safety regulators said. Chrysler said 18,245 model year 2013 to 2015 Ram C/V Tradesman vehicles are in the United States and 3,870 are in Canada. Shares in a new holding company, Fiat Chrysler...

  • *Spain selling 5- year inflation-linked bond via syndication. LONDON, Oct 7- Spanish bond yields nudged up on Tuesday as Madrid launched an inflation-linked bond whose appeal to investors lay more in the potentially higher return than in the inflation-proofing. Orders were nearly 9 billion euros, a lead manager on the sale told IFR, a Thomson Reuters service.

  • PARIS, Oct 7- Prosecutors in the Airbus insider trading case suffered another setback on Tuesday when a Paris court rejected the prosecution dossier, a move which could delay one of France's most keenly awaited corporate trials by up to two years. Judges at the Paris criminal court ordered that the dossier should be sent back to investigating magistrates after...

  • Oct 7- SodaStream International, an Israeli maker of home soda machines, estimated third-quarter revenue that fell short of analysts' expectations, citing lower-than-expected demand in the United States. "We are very disappointed in our recent performance," Chief Executive Daniel Birnbaum said in a statement. The company estimated revenue of about $125...

  • US STOCKS-Weak German data pulls futures lower Tuesday, 7 Oct 2014 | 7:39 AM ET

    NEW YORK, Oct 7- U.S. stock index futures were falling on Tuesday, pressured by a second straight day of weak data out of Germany, the euro zone's largest economy. *U.S.-traded shares of Rio Tinto were down 1.7 percent premarket a day after gaining more than 9 percent, after the iron ore producer said it rejected a merger approach from smaller rival Glencore Plc back in...

  • BANGKOK, Oct 7- Thailand's top business group expects exports to shrink this year, a further worrying sign for the military government which is struggling to re-energize the sputtering economy after months of political unrest. Exports, which are equivalent to more than 60 percent of the economy and unaffected by the unrest, are also struggling due to...

  • UPDATE 1-EU abandons 'dirty' label for tar sands oil Tuesday, 7 Oct 2014 | 7:24 AM ET

    *Canada lobbied against previous labelling proposal. BRUSSELS, Oct 7- A European Union plan to label tar sands oil as highly polluting in its fight against climate change has been abandoned after years of opposition led by major producer Canada. A proposal published by the European Commission on Tuesday removes an obstacle to Canada exporting tar sands crude...

  • LONDON, Oct 7- The yen hit a one-month high against the euro on Tuesday after Japanese Prime Minister Shinzo Abe spoke about the disadvantages of a weaker currency and data showed a huge fall in German industrial output. The yen also got support from Bank of Japan Governor Haruhiko Kuroda, who told a news conference there was no need to adjust monetary policy if the...

  • *Glencore approached Rio Tinto about a merger in July. *No further talks with Glencore after rejecting bid-Rio. MELBOURNE, Oct 7- Rio Tinto rejected a merger approach from smaller rival Glencore Plc to create a $160 billion mining and trading giant in August just as the price of its most profitable product, iron ore, slid toward a five-year low.

  • *Rio jumps after rejects merger approach by Glencore. The basic resources index was the only exception, rising 1 percent as news of a rejected merger approach by Glencore for larger rival Rio Tinto rekindled speculation about consolidation in the mining industry. Frankfurt's DAX fell 0.8 percent after data showed the biggest drop in Germany's industrial...

  • *VW brand sales flat for 2nd month as Americas, Russia fall. BERLIN, Oct 7- Mercedes-Benz had its best-ever month for sales in the company's 88- year history in September, benefiting from the release of new models and surging demand in China. Mercedes-Benz also posted its best-ever quarterly sales between July and September of just over 412,000, up 12 percent from...

  • HONG KONG, Oct 7- Yields on Chinese developer Agile Property's bonds leapt this week as speculation flared over why trading in the company's shares on the Hong Kong Stock Exchange had been suspended on Friday. Agile has over $2 billion worth of bonds outstanding and analysts are worried that its short term debt of 14.7 billion yuan exceeds the free to use cash...

  • KIEV, Oct 7- Ukraine's government took a first step on Tuesday to securing new laws on tackling top-level corruption, hoping to ease public discontent before elections in a nation beset by a separatist rebellion. The proposed laws, which passed a first reading in parliament on Tuesday and will have a second and final reading next week, are part of a drive by the...

  • LONDON, Oct 7- The euro's exchange rate against the dollar will fall to $0.95 by 2017, taking the single currency back below parity for the first time in more than a decade, according to a report by Deutsche Bank. The report, arguing that rock bottom investment returns and huge trade surpluses would drive a flood of capital out of Europe, implies a further 25 percent...

  • BRUSSELS, Oct 7- Online retailer Amazon's tax arrangements with Luxembourg are being investigated by European regulators, becoming the latest global company accused of cutting deals with member states to gain an effective subsidy. There was no immediate comment from Amazon or Luxembourg. The Commission is also investigating similar deals between coffee...

  • LONDON, Oct 7- Gold steadied above $1,200 an ounce on Tuesday as European shares retreated, but a firm dollar, optimism over the U.S. economy and growing bets the Federal Reserve will raise rates in mid-2015 kept investors wary. Spot gold edged down 0.1 percent to $1,205.30 an ounce by 1012 GMT. "The dollar made gold regain the $1,200 threshold but it remains to be seen...

  • LONDON, Oct 7- A senior banker at a leading British bank has pleaded guilty to conspiracy to defraud in connection with the manipulation of Libor benchmark interest rates, becoming the first person in Britain to plead guilty to such an offence. In the United States, the Department of Justice has obtained guilty pleas from two former rates traders of Dutch lender...

  • SEOUL, Oct 7- Privately owned German messaging app Telegram released a Korean-language version on Tuesday to capitalise on a surge in demand from users wary of local apps such as KakaoTalk after the government said it would boost cyber surveillance. Telegram, which advertises its app with the tagline "taking back our right to privacy", does not have any servers in...

  • *China markets shut until Wednesday. LONDON, Oct 7- Copper prices slid on Tuesday as uncertainty about the outlook for growth in top consumer China raised concerns about demand, while a drop in the euro against the dollar also put pressure on metals prices. Heading into the fourth quarter, the focus will be on the strength of demand from top metals user China, which...

  • UPDATE 5-Oil slips towards $92 on weak German data Tuesday, 7 Oct 2014 | 6:04 AM ET

    LONDON, Oct 7- Brent crude oil fell towards $92 a barrel on Tuesday, pushing towards 27- month lows as weak demand and ample supply outweighed the price support from a weaker dollar. "There is stagnation in Europe and China is slowing down. It's going to be very difficult for the oil price to rally on that basis, "said Michael Hewson, chief market analyst at CMC Markets in...