UMLAZI, Durban, July 28- Young, poor, supporters of South Africa's African National Congress are weary of reminders of its liberation struggle, concentrating instead on the ruling party's failure to deliver jobs which could cost it votes in local elections next week. Polls say the main opposition party, the Democractic Alliance will win 36 percent of the vote in... » Read More
MUMBAI, Oct 8- The Blackstone Group has invested $100 million for a 12.5 percent stake in India's International Tractors Ltd, the U.S. private equity company said in a statement on Monday.
RIYADH, Oct 8- Saudi Electricity Co has approved the awarding of a 11.96 billion-riyal contract to build a 2.7- gigawatt power plant in south Jeddah to an unidentified bidder, it said on Monday. Last month, Reuters reported that South Korean group Hyundai Heavy Industries was the low bidder on the project, citing industry sources.
For more on the company, double click on NOKIA. Dame Marjorie Scardino is preparing to give up her role as the vice-chair of the Finnish phone-maker Nokia, Financial Times reported on Sunday, just days after Scardino announced her departure from the helm of Pearson.
NEW DELHI, Oct 8- India hopes to get 400 billion rupees from the sale of mobile phone airwaves in 2012/ 13, finance minister P. Chidambaram told reporters on Monday.
TELECOM ITALIA, TELECOM ITALIA MEDIA. Cairo Communications could present an offer for Telecom Italia Media, La Repubblica said on Saturday. Talks between Prelios and two rival bidders for a stake in the real estate company, Italian investment firm Feidos and U.S. asset manager Fortess, resume on Monday, Il Sole 24 Ore said on Sunday.
BEIJING, Oct 8- General Motors Co and its China joint ventures sold 244,266 v ehicles in the country in September, up 1.7 percent from a year earlier, the U.S. automaker said on Monday. For the first nine months, sales were up 10 percent to 2.08 million units, GM said in a statement. GM makes vehicles in China in partnership with FAW Group and SAIC Motor Corp.
BERLIN, Oct 8- Germany's trade surplus widened in August after exports rose unexpectedly, according to data on Monday that underscored the resilience of Europe's largest and traditionally export-oriented economy despite the euro zone crisis. The seasonally-adjusted trade surplus widened to 18.3 billion euros from a revised 16.3 billion euros in July.
PARIS, Oct 8- The French economy is believed to have shrunk 0.1 percent in the third quarter of the year, according to a September survey by the Bank of France which showed activity declining in both services and industry. The capacity utilisation rate decreased slightly further, "the Bank of France said in a statement.
*Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.
ISTANBUL, Oct 8- Turkish Central Bank Governor Erdem Basci said on Monday that banks' annual loan growth at the end of 2012 is seen at 14 percent. Turkish loan growth slowed from 34 percent in 2010 to 29.5 percent last year after a year of unorthodox monetary policy by the central bank aimed at preventing overheating.
DUBLIN, Oct 8- These are some of the leading stories in Ireland's newspapers on Monday. -The Central Bank has named six of the seven lenders ordered to review whether they had mis-sold payment protection insurance with loans or credit cards and has warned that lenders face enforcement action over any mis-selling.
Oct 8-:* HSBC raises Halfords Group target price to 330 p from 215 p; rating neutral. *HSBC raises Wolseley target price to 3000 p from 1500 p; rating neutral For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
SINGAPORE, Oct 8- India's Mangalore Refinery and Petrochemicals Ltd sold a lower sulphur gasoil cargo and offered another, its first such cargoes in more than a year, as it moves away from exporting the polluting high sulphur grade, traders said on Monday.
Oct 8- Axel Springer AG:. *HSBC cuts Axel Springer to underweight from overweight For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
Oct 8- Correction to Sub Headline, October 5, 2012 Release: Moody's says Woolworths' A3 rating is unaffected by the de-merger announcement.
--Taiwan- based life insurer Nan Shan Life has a strong business franchise and a strong liquidity profile with prudent investment mix.
Oct 8- A.P.R. Energy PLC:. *EspÃ rito Santo Investment Bank cuts A.P.R Energy. to neutral from. Reuters Station users, click. 1580.
LONDON, Oct 8- Mwana Africa PLC:.
ZURICH, Oct 8- Swiss private bank Julius Baer. has priced its rights issue at 24.20 Swiss francs per share, raising 492 million francs as it seeks to finance its purchase of part of Bank of America Merrill Lynch's wealth management business.
*Davy raises Holcim to outperform from neutral For a summary of rating actions and price target changes on European companies:. Reuters Eikon users, click on. Reuters Station users, click. 1580.