"We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016.. Lufthansa does not plan to shut its office in Caracas. American Airlines in March said it was scrapping... » Read More
*Canaccord genuity raises E2open Inc price target by $1 to $16;. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
MADRID-- Spain's Red Cross is launching its first-ever public appeal for donations to help the growing number Spaniards in need of help because of the country's economic crisis. The agency helped some 2 million people in Spain last year, most of who were in need of food or money. Spain is in its second recession in three years with near 25 percent unemployment.
NEW YORK-- Sterne, Agee& Leach is boosting its ratings on Shoe Carnival, citing sales and better-than-expected store growth potential. Shoe Carnival already has 17 leases signed for next year and 10 others that are close to being signed, Poser said. Poser raised his rating on Shoe Carnival Inc. to "Buy" from "Neutral" and gave a $28 price target.
Oct 9- Nemaska Lithium Inc:. *Dundee cuts Nemaska Lithium Inc price target to C $0.70 from C $1.00;. Reuters Station users, click. 1580.
Oct 9- Marathon Petroleum Corp:. *Raymond James Raises Marathon Petroleum Corp price target to $62 from. Reuters Station users, click. 1568.
NEW YORK-- Investors are hoping to see a rebound in profit from operations in China when Yum Brands Inc. reports its fiscal third-quarter earnings after Tuesday's closing bell. The China business had strong sales growth in the quarter, but inflation reduced its profit.
Treasury Secretary Timothy Geithner met Tuesday with India's finance minister to discuss lowering trade and investment barriers just weeks after the Indian government started a drive to reignite the nation's declining economic growth.
Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.
Oct 9- British defence company BAE Systems. declined to comment on a German DPA news agency report on Tuesday that said its $45 billion merger talks with Airbus parent firm EADS had collapsed. The two companies are working toward a Wednesday deadline by which they must inform the UK Takeover Panel of their intention to proceed with, or drop, the negotiations.
*To build shell's quest carbon capture facility in Canada. *Says booked the undisclosed contract value in the third quarter. *Will provide full epc services for a 1.1 million tonne-per-year carbon capture facility.
*MegaFon says Russia focus is key advantage. By Megan Davies and Maria Kiselyova.
COLOMBO, Oct 9- Sri Lankan stocks closed down at their lowest level in nearly four weeks on Tuesday after late profit taking erased an early gain following a decision by the Securities and Exchange Commission to ease rules on trade.
NEW DELHI, Oct 9- A Reliance Industries led consortium may have to shut key gas producing fields in the KG D6 block in 2015/ 16, India's oil secretary G. C. Chaturvedi said on Tuesday. Canadian company Niko Resources has a 10 percent stake in the D6 block in the Krishna Godavari basin, while Reliance and BP, the operators, have 60 percent and 30 percent respectively.
*Britain behind on austerity targets due to weak economy. BIRMINGHAM, England, Oct 9- British Prime Minister David Cameron said on Tuesday he would not soften his austerity programme with a "Plan B" of slower spending cuts after the International Monetary Fund downgraded its growth forecasts for Britain. "What we need in Britain is not' Plan B', which is more borrowing.
*Iran says UAE claims are "baseless". The three islands of Abu Musa and Greater and Lesser Tunb sit near important oil shipping channels at the mouth of the strategic Strait of Hormuz and were claimed by the U.S.-backed Shah of Iran in 1971, just before the seven Gulf emirates won independence from Britain and formed the UAE.
"Our countries have exerted major efforts to restore global oil market stability, a feat that has actually been achieved," Saudi Oil Minister Ali al-Naimi told a meeting of Gulf Arab energy ministers in Riyadh.
Oct 09- Fitch Ratings has affirmed Ventrelt Holdings Ltd's Long-term foreign currency Issuer Default Rating at' BB-' with Stable Outlook. Fitch has also affirmed the senior unsecured rating of RVK-Finance LLC's RUB3bn bonds at' BB-'.
TOKYO-- Sales of Japanese vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.
BRUSSELS, Oct 9- British Defence Secretary Philip Hammond said on Tuesday he hoped to meet his French, German and U.S. counterparts to discuss the proposed merger of aerospace groups EADS and BAE Systems, a day before the deal's deadline.
SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.