Wires

  • *OPEC to agree production cut details at November meeting. LONDON, Sept 30- Oil prices fell on Friday as investors cashed in on a 6- percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide. Global benchmark Brent crude futures were down 75 cents at $48.49 a barrel by 0814 GMT, but still...

  • SYDNEY, Sept 30- The world's fourth biggest copper deposit Australia's Olympic Dam remained indefinitely idle on Friday and production at some of the country's major steelworks halted, after a massive power outage, disrupting supply lines of raw materials to Asia. The power outage across South Australia state on Wednesday, caused by severe storms, has...

  • MUMBAI, Sept 30- A month into the job, India's new central bank governor will on Monday and Tuesday chair his maiden policy review, which for the first time will see a committee set interest rates, though views are divided on whether there will be any change this time round. If the six-member monetary policy committee is split over whether to hold or cut, Reserve Bank...

  • BRUSSELS— Official figures show that the inflation rate across the 19- country eurozone doubled in September as the impact of lower oil prices starts to fade. Eurostat, the European Union's statistics agency, said Friday that the annual rate of inflation rose to 0.4 percent in September. The increase was in line with market expectations.

  • *Oil pulls back after Thursday gains on OPEC supply curb. LONDON, Sept 30- An eight percent slump in Deutsche Bank's already battered share price sent Europe into a fresh tailspin on Friday and left world equity markets sliding toward their worst week in three months. Germany's biggest lender, Deutsche, hit by a string of fines for wrongdoing and a sharp fall in its...

  • MADRID, Sept 30- Banco Santander gave investors a sobering assessment of its prospects in Britain and Spain on Friday, with a warning that it would be less profitable than expected in the years ahead knocking the Spanish bank's shares. Santander, the eurozone's biggest lender by market value, joined other banks in warning that low interest rates, Britain's...

  • Sept 30- Hong Kong stocks fell the most in over two weeks on Friday, as global markets were knocked by worries about Deutsche Bank's financial health. Still, strong money inflows from mainland China saw the benchmark Hang Seng Index jump 12 percent in the July-September period, the best quarterly performance in seven years. Investors are now bracing for a week of...

  • *Deutsche Bank below 10 euros for first time ever. Deutsche Bank fell nearly 9 percent to below 10 euros for the first time ever following a Bloomberg report that some hedge funds had withdrawn some excess cash and adjusted positions, a sign that counterparties are wary of doing business with it. "The systemic risk of European banks continues to be the most import...

  • FRANKFURT, Sept 30- Deutsche Bank Chief Executive John Cryan on Friday moved to reassure staff after shares in Germany's largest lender hit an historic low amid renewed concerns over its stability. Cryan said he understood that employees could be unsettled by extensive speculation in the media that a few hedge fund customers had left the group but said the...

  • LONDON, Sept 30- Sterling stayed below $1.30 on Friday and was on track for a fifth consecutive quarter of losses- the currency's worst run since 1984.. The pound plunged to a 31- year low after Britain voted to leave the European Union, falling as low as $1.28 early in the third quarter, having already weakened in the run-up to the June referendum on worries about its...

  • LONDON, Sept 30- Sterling stayed below $1.30 on Friday and was on track for a fifth consecutive quarter of losses- the currency's worst run since 1984.. The pound plunged to a 31- year low after Britain voted to leave the European Union, falling as low as $1.28 early in the third quarter, having already weakened in the run-up to the June referendum on worries about its...

  • LONDON, Sept 30- German government bond yields dropped back towards six-week lows on Friday, giving up Thursday's oil-induced rise as concerns over the health of the country's biggest lender resurfaced. "Markets are just getting to grips with the latest news overnight on Deutsche which has made investors take risk off the table," Rabobank strategist Lyn...

  • *Manila has already halted 10 mines, 20 more at risk. MANILA, Sept 30- The Philippines said on Friday it may not halt operations at all 20 mines facing suspension for environmental violations and will give them time to address problems-- a softening of a tough stance that has seen 10 mines shut and a spike in nickel prices. The Philippines, the world's top supplier of...

  • BERLIN— Worries over the financial health of Deutsche Bank returned to the fore Friday, sending shares in Germany's biggest bank into a tailspin and to a record low. Deutsche Bank has been at the forefront of investor worries for weeks now, ever since authorities in the United States revealed they are seeking $14 billion from the bank to settle legal claims over...

  • LONDON, Sept 30- The euro dropped to a two-month low against the safe-haven Swiss franc and lost ground broadly on Friday, as concerns about the health of Deutsche Bank weighed on the single currency and undermined risk appetite across global markets. The Swiss franc was also bolstered by expectations that Middle Eastern investment houses could pull out money...

  • BEIJING, Sept 30- Millions of Chinese tourists are packing their bags for distant and not-too distant shores for the National Day holiday, with early indicators pointing to a slump in bookings for neighbouring Taiwan and Hong Kong. It is also a peak season for retailers outside China looking to lift their top line. Singapore is luring Chinese shoppers with...

  • BANGKOK, Sept 30- Thailand confirmed on Friday that the Zika virus had caused two cases of microcephaly, a condition that results in babies being born with small heads, the first time it has been linked to Zika in Southeast Asia. The confirmation came a day after U.S. health officials recommended that pregnant women postpone nonessential travel to 11 Southeast...

  • SOLTVADKERT, Hungary, Sept 30- At peak harvest time, Hungarian winemaker Sandor Font has enough work for 30 people at his vineyard south of Budapest- if only he could find enough grape-pickers. In the end, he had to make do with about 10, mostly guest workers from Romania. His struggles are a symptom of a wider problem for countries like Hungary, Poland and the Czech...

  • SHANGHAI, Sept 30- China stocks ended a thinly-traded week with modest gains on Friday after a private survey suggested domestic and export demand may be slowly picking up. The report followed a spate of August data that suggested China's economy is stabilising and perhaps even improving thanks to a government infrastructure building spree and a booming...

  • LONDON, Sept 30- European shares fell sharply in early deals on Friday to touch their lowest level in eight weeks as fresh concerns over the stability of Deutsche Bank hit banking stocks. By 0723 GMT, the pan-European STOXX 600 index was down 1.6 percent, having touched its lowest level since early August, as the STOXX Europe Banks index fell 3 percent, the biggest...