• --France- based beauty and cosmetics packaging manufacturer Albea has announced plans to acquire the cosmetics business of U.K.- based consumer packaging group Rexam PLC for a cash amount of about $462 million. --We are assigning our preliminary' B+' long-term corporate credit rating to Albea Beauty Holdings S.A., Albea's holding company.

  • *Global economic outlook weakens slightly -OECD Monday, 8 Oct 2012 | 6:35 AM ET
  • Oct 8- RTI Biologics Inc:. *Benchmark raises RTI Biologics Inc price target to $5 from $4.50;. Reuters Station users, click. 1568.

  • MUMBAI, Oct 8- U.S. private equity firm Blackstone Group has paid $100 million for a 12.5 percent stake in India's International Tractors Ltd, it said on Monday, in a bet on the modernisation of India's farms.

  • BRUSSELS, Oct 8- Belgian banking group KBC. KBC, which took 7 billion euros from Belgium and the region of Flanders during the 2008-09 financial crisis, needs to repay 4.67 billion euros of principal, plus penalties, by the end of 2013..

  • *France very tight, Germany well supplied for short term. FRANKFURT, Oct 8- European prompt power prices diverged on Monday as French levels rose on tight nuclear supply and as Germany's fell on a better capacity outlook.

  • *Janney raises Amazon.Com Inc fair value to $300 from $250; rating. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • PARIS, Oct 8- France's CGT trade union has called for a 24- hour strike in the energy sector to protest against site closures, an action that could hit power production at the country's thermal and nuclear plants. The action is part of Tuesday's national day of protest against job cuts and plant closures called by CGT, France's biggest trade union.

  • *China's telecom gear makers pose potential risk- panel draft. WASHINGTON/ HONG KONG, Oct 8- China's top telecoms gear makers should be shut out of the U.S. market as potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday.

  • LONDON, Oct 8- Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank.

  • Barroso to Cypriots: Find bailout consensus Monday, 8 Oct 2012 | 6:25 AM ET

    NICOSIA, Cyprus-- EU Commission President Jose Manuel Barroso is urging political leaders in Cyprus to agree on austerity measures needed for a deal to bail out its ailing banks.

  • HONG KONG, Oct 8- The divergence between the yuan's official midpoint fixing and spot rate due to its expanded trading band will shift more business to the offshore yuan deliverable market from the non-deliverable forward market due to a need to hedge exposure, Standard Chartered Bank said on Monday.

  • Oct 08- SK Telecom Co., Ltd& POSCO. *Moody's says that SK Telecom Co., Ltd.' s sale of a part of its stake in POSCO is credit positive, but will not have any immediate impact on its issuer rating. The rating outlook remains negative.

  • Oct 8- Aban Offshore Ltd:. *Says gets three-year contract from Petronas Carigali. *Says estimated revenues from contract is about $152.75 million.

  • Oct 08- Fitch Ratings says in a new report that it expects Indian banks to face sustained asset quality weakness over the next few quarters although most have a reasonable buffer to withstand increased stress.

  • Sanofi to buy back Genzyme-linked CVRs for $70 mln Monday, 8 Oct 2012 | 6:20 AM ET

    PARIS, Oct 8- French drugmaker Sanofi said on Monday it will buy back certificates related to the success of Genzyme drugs for a total cost of about $70 million, representing $1.75 per contingent value right. Sanofi said last month it would buy back up to $152 million worth of the outstanding CVRs, which are linked to its 2011 purchase of U.S. biotech Genzyme.

  • PRESS DIGEST-Canada-Oct 8 Monday, 8 Oct 2012 | 6:18 AM ET

    *A company with the same address and ID number as the Toronto- based owner of a chartered bus that crashed on a New Jersey highway wasn't authorized to operate in the United States, documents indicate.

  • WARSAW, Oct 8- Polish central banker Adam Glapinski said he might vote for an interest rate cut in November, signalling a policy shift that could clear the way for the bank to lower borrowing costs next month.

  • Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as a source of funding in coming quarters says a report titled "Sukuk Are Surpassing Conventional Bond Issuance In The Gulf Countries As Yields Tighten," published Oct. 5, 2012, by Standard& Poor's Ratings Services.

  • --On Oct. 5, 2012, Precision Capital and the Grand Duchy of Luxembourg finalized the acquisition of respectively 90% and 10% of Dexia S.A.' s stake in Banque Internationale a Luxembourg. --At the closing, BIL's common Tier 1 ratio amounted to 9% under Basel III following the EUR204 million capital injection from Dexia.