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  • *S&P downgrade to Spain impacts sentiment. LONDON, Oct 11- Major retail stocks led European shares higher on Thursday after three days of losses, although traders said a rating cut for Spain could peg back markets to the tight trading range seen in the last month.

  • MADRID, Oct 11- Spain's second largest bank BBVA. said on Thursday it was offering to buyout subordinated bonds worth up to 2.8 billion euros in an effort to strengthen its balance sheet and debt portfolio. The longest maturity on offer was Oct 22, 2035 for a Yen-denominated instrument while the shortest dated paper, in euros, matured in Oct. 16, 2015.

  • Oct 11- Analog Devices Inc:. *Morgan Stanley cuts Analog Devices to equal weight from overweight-. Reuters Station users, click. 1568.

  • BANGKOK, Oct 11- Stocks in Malaysia, the Philippines and Vietnam slipped in light trade on Thursday, led by blue-chip stocks such as Axiata Group Bhd. Singapore recouped earlier losses, helped by late buying in beaten-down large caps, with the benchmark Straits Times Index.

  • For highlights from the International Monetary Fund and World Bank semiannual meetings, and related events, on Thursday, click on.

  • *Goldman Sachs cuts Host Hotels and Resorts to neutral from buy-. *Goldman Sachs cuts Marriott International to neutral from buy-. Reuters Station users, click. 1568.

  • ATHENS, Oct 11- Greece narrowed its central government budget deficit, excluding local authority and social security spending, by 37 percent in the first nine months of 2012, the finance ministry said on Thursday, but revenues were still off target.

  • LONDON-- Financial markets steadied Thursday ahead of another round of U.S. corporate earnings and despite a downgrade of Spain's sovereign credit rating. Standard& Poor's downgraded Spain's government debt late Wednesday from BBB+ to BBB-, the lowest investment grade level.

  • MOSCOW, Oct 11- Russian private healthcare provider MD Medical Group narrowed the price range for its London share sale to between $11.50 and $12.50 per global depositary receipt from an earlier $11.25 to $13.50, two sources close to the deal said on Thursday.

  • TOKYO, Oct 11- Japanese mobile phone carrier Softbank Corp is in talks to buy more than two-thirds of U.S.-based telecoms company Sprint Nextel Corp, Japanese public broadcaster NHK said on Thursday.

  • Oct 11--- Standard& Poor's affirmed its' A' long-term corporate credit rating on J-Power. --J-Power has no existing exposure to nuclear power generation. The stand-alone credit profile for J-Power remains' a'.

  • *Hungary inflation rate hits highest since July 2008. *Spain, euro zone worries weigh on emerging Europe assets. PRAGUE, Oct 11- The crown led losses in emerging Europe on Thursday after the Czech central bank governor said policymakers stood ready to intervene to weaken the currency if needed.

  • --Hong Kong- based Hang Seng has slowed its loan growth and strengthened its capitalization over the past two years. --Our stable outlook reflects the bank's ongoing government support, its status as a core subsidiary of HSBC, and a lack of meaningful pressure on the SACP.

  • Oct 11- Citrix Systems Inc:. *Susquehanna raises Citrix Systems Inc price target to $98 from $90;. Reuters Station users, click. 1568.

  • ULAN BATOR, Oct 11- The head of the state-owned company charged with developing Mongolia's long-delayed Tavan Tolgoi coal project in the South Gobi region resigned on Thursday, raising hopes that a new CEO may hasten the launch of the massive mine. Enebish will be replaced by Batsuur Yaichil, a former member of parliament with the ruling Democratic Party.

  • PHNOM PENH, Oct 11- Cambodia has threatened legal action against two U.S.-funded radio stations, accusing them of favouring opposition parties and promoting U.S. foreign policy, sources said on Thursday.

  • Oct 11- Emmis Communications Corp:. *Reports solid second quarter pro forma revenue growth. *Q2 loss per share $0.08 from continuing operations.

  • Oct 11- American Campus Communities Inc:. *Janney raises American Campus Communities to buy from neutral;. Reuters Station users, click. 1568.

  • *Spain banks' dependence on ECB continues. *Econ Sec says Spain still considering aid request. MADRID, Oct 11- Spain faced renewed pressure to take the politically humiliating step of seeking sovereign aid on Thursday after a credit agency cut its rating to near junk, triggering a spike in its borrowing costs.