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  • UPDATE 3-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 4:52 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. Brent November crude futures had fallen 90 cents to $110.67 a barrel by 0830 GMT.

  • Seadrill plans to remain listed in Oslo: CFO Wednesday, 3 Oct 2012 | 4:37 AM ET

    OSLO, Oct 3- Oil driller Seadrill plans to stay listed on the Oslo stock exchange even after moving its management out of Norway, the firm's chief financial officer said on Wednesday. "I cannot imagine any changes to that. Bermuda- registed Seadrill is listed both in Oslo and in New York.

  • Low cost flying arrives in luxury loving Japan Wednesday, 3 Oct 2012 | 4:16 AM ET

    NARITA, Japan-- Japan has a reputation for loving expensive things like overpriced real estate, gourmet melons and luxury brands. Ticket prices are plunging by about half, to 16,000 yen trips to the southwestern resort island of Okinawa or a 5,000 yen hop to Seoul.

  • *Bristol to return rights to Plavix, Avapro to Sanofi. *Sanofi to make $200 mln terminal payment to Bristol in 2018. *Sanofi shares down 0.8 pct By James Regan.

  • Demand for office space in Singapore in the third quarter of 2012 was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International.

  • Australia shares at 14-month highs as currency retreats Wednesday, 3 Oct 2012 | 3:08 AM ET

    MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.

  • Ranchers see increase in grass thefts amid drought Wednesday, 3 Oct 2012 | 3:07 AM ET

    VAUGHN, N.M.-- Petty crime and burglaries aren't unusual in New Mexico's isolated Guadalupe County, but lately Sheriff Michael Lucero has seen thieves steal something a bit unexpected: grass.

  • Rare century-old $5 Alaska bill to be auctioned Wednesday, 3 Oct 2012 | 3:02 AM ET

    ANCHORAGE, Alaska-- The $5 bill displayed for decades on Charles Fairbanks IV's wall was long a treasured family heirloom from Alaska. The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

  • SINGAPORE, Oct 3- Brent crude futures slipped below $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while Europe's festering debt crisis added to uncertainty.

  • The gap between U.S. and euro zone equities is set to narrow further, as risk premium attached to the euro zone fades, economic growth in the United States risks disappointing and investors move away from extreme positioning, says BNP Paribas. S&P 500 on a six to 12 months horizon.

  • LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.

  • Japan retrieves first shale oil in test drills Wednesday, 3 Oct 2012 | 2:32 AM ET

    TOKYO, Oct 3- Japan Petroleum Exploration. The country's oil and gas needs have spiked after most of Japan's nuclear power stations were shut down due to the Fukushima nuclear disaster, forcing Tokyo to spend millions of dollars more on fuel for electricity generation.

  • Gloomy US Earnings Outlook Wednesday, 3 Oct 2012 | 2:30 AM ET
    Gloomy US Earnings Outlook

    Earnings estimates for the S&P 350 are at their lowest point in 2012. Christine Short, senior manager at S&P Capital IQ, discusses whether the gloomy outlook is justified.

  • UPDATE 1-NORDIC STOCKS - Factors to watch on Oct 3 Wednesday, 3 Oct 2012 | 2:29 AM ET

    HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.

  • Australia shares clinch highest close in 14-months Wednesday, 3 Oct 2012 | 2:29 AM ET

    MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.

  • NORDIC STOCKS - Factors to watch on Oct 3 Wednesday, 3 Oct 2012 | 2:11 AM ET

    HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The Oslo- listed oil driller said it plans to replace Chief Executive Alf Thorkildsen with Fredrik Halvorsen, the head of its Archer affiliate, and is looking to relocate management outside Norway.

  • PRESS DIGEST-New York Times business news - Oct 3 Wednesday, 3 Oct 2012 | 2:03 AM ET

    *The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to buy MetroPCS Communications Inc as it fights to compete against two bigger rivals.

  • Sanofi, Bristol shake up alliance as patents end Wednesday, 3 Oct 2012 | 1:46 AM ET

    This will give Sanofi sole commercial control of the two treatments, although Bristol-Myers will keep rights to Plavix in the United States and Puerto Rico. In return, Sanofi will pay Bristol-Myers royalty payments through 2018 on its sales of branded and unbranded Plavix worldwide, excluding the U.S. and Puerto Rico, and on sales of Avapro/Avalide.

  • Asian stocks flat as US data awaited Wednesday, 3 Oct 2012 | 1:25 AM ET

    BANGKOK-- Asian stocks flattened out Wednesday as skittish investors waited for a key U.S. jobs report later in the week that will signal whether the world's largest economy is on the mend. The U.S. Labor Department will release employment data for September on Friday.

  • Monex Group Inc rose 2.4 percent to 12,790 yen after Deutsche Securities said it expected the holding company to break even in the three months ended September, after profit from mergers and acquisitions offsets the company's weak U.S. business.