Wires

  • PRAGUE, Sept 30- Avast Software, maker of the world's most popular computer antivirus programme, will need a year to absorb its $1.3 billion buy of rival AVG but may seek further acquisitions before an expected flotation, its chief executive said in an interview. Prague- based Avast closed its purchase on Friday of AVG Technologies, another software firm with...

  • WASHINGTON, Sept 30- U.S. consumer spending unexpectedly fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S....

  • OTTAWA, Sept 30- The Canadian economy got off to a stronger-than-expected start in the third quarter, fueled by a rebound in oil and gas extraction that had been disrupted by wildfires in Alberta earlier this year. Friday's report from Statistics Canada reinforced expectations that the economy recovered in the third quarter and likely provided room for the...

  • LONDON, Sept 30- Portugal's 10- year bond yield was set on Friday to end September with its biggest monthly rise since June last year, reflecting growing concerns about the country's ratings outlook. Jittery markets are counting down to a review on Oct. 21 by DBRS, the last major ratings agency to give Portugal the investment grade rating it needs to qualify for the...

  • *Fabrice Bregier named COO of whole group. PARIS, Sept 30- Airbus Group said on Friday it would merge with its planemaking unit, strip out bureaucracy and simplify its brand, marking a break with its complex corporate roots as it prepares for tougher expected competition. Airbus confirmed the promotion of Fabrice Bregier to the new role of chief operating officer...

  • *August core PCE up 0.2 pct. Sept 30- Wall Street was set to open little changed on Friday, the last trading day of the quarter, as oil prices pared losses and investors assessed a set of key economic data. Deutsche Bank's stock touched a record low on Friday on news that a number of hedge funds had pulled out collateral as the bank faces a $14 billion demand from U.S....

  • LONDON, Sept 30- Copper headed for its biggest monthly rise since April 2015 on Friday, with cautious optimism over demand growth helping it to catch up with other commodities, while lead rallied 4 percent to strike multi-month peaks along with tin and zinc. Three-month lead on the London Metal Exchange was untraded in official rings but was last up 4 percent at...

  • LONDON, Sept 30- Copper headed for its biggest monthly rise since April 2015 on Friday, with cautious optimism over demand growth helping it to catch up with other commodities, while lead rallied 4 percent to strike multi-month peaks along with tin and zinc. Three-month lead on the London Metal Exchange was untraded in official rings but was last up 4 percent at...

  • BETHLEHEM, Pa.— The peeps who make marshmallow Peeps are back at work. The union representing 400 striking workers at Just Born Quality Confections in Bethlehem, Pennsylvania, says workers are returning Friday. Whatever the case, union president Hank McKay says the workers decided to return after recent progress on a new contract.

  • *Seat had 10 million euro operating loss in 2015. PARIS, Sept 30- Volkswagen's long-struggling Spanish division Seat said it may return to profit this year for the first time since 2008 and stay there through 2018, benefiting from demand for new and redesigned models. The new Ateca, Seat's first sport-utility vehicle being rolled out across Europe this year, will...

  • BRUSSELS, Sept 30- European Union states agreed on Friday on a fast-track, joint ratification of the Paris accord to combat climate change, securing the deal enough backing to enter into force this year and guide a radical shift of the world economy away from fossil fuels. The agreement by environment ministers from all 28 member states is a rare political...

  • OPEC issued a statement of just under 700 words following the meeting. A high-level committee will be established to study and recommend the implementation of the production level by individual member countries and consult with non- OPEC oil producing countries. The production target was the first time that OPEC members had committed themselves to an...

  • *Deutsche Bank shares go below 10 euros before clawing back some ground. *Oil pulls back after Thursday gains on OPEC supply curb. Hit by a string of fines for wrongdoing and a sharp fall in its revenues, Germany's biggest lender saw its shares drop as much as 9 percent and to below 10 euros for the first time before clawing back roughly half that lost ground.

  • OTTAWA, Sept 30- The Canadian economy got off to a stronger-than-expected start in the third quarter, fueled by a rebound in oil and gas extraction that had been disrupted by wildfires in Alberta earlier this year, data from Statistics Canada showed on Friday. The report will likely reinforce expectations that the economy recovered in the third quarter after...

  • WASHINGTON, Sept 30- U.S. consumer spending unexpectedly fell for the first time in seven months in August but inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic...

  • WASHINGTON— U.S. consumer spending in August turned in the weakest performance in five months, reflecting a drop in spending on autos. Income growth also slowed as wages and salary gains slowed following four strong months. Consumer spending was unchanged last month after solid gains of 0.4 percent in July and 0.3 percent in June, the Commerce Department...

  • WASHINGTON— US consumer spending flat in August, weakest in 5 months, with drop in auto purchases.

  • *OPEC to agree production cut details at November meeting. Russia able to freeze output if agrees deal with OPEC- minister. *OPEC deal won't lead to higher prices in long term- U.S. envoy.

  • BUENOS AIRES, Sept 30- A judge in Argentina ruled on Friday to keep Barrick Gold Corp's operations at Veladero mine suspended, saying repairs were not sufficient to reopen it after a leak of processing solution containing cyanide earlier this month. A Barrick representative in Argentina said the company had not been notified of the decision.

  • *USDA data to show supplies ahead of expected record crop. PARIS/ SINGAPORE, Sept 30- Chicago soybean futures were little changed on Friday as the market drifted ahead of a U.S. stocks report that will show how large supplies of the oilseed were before what is expected to be a record 2016 harvest. Caution ahead of the USDA stocks report has helped put a floor under the...