2008-10-20 09:03:38 1-Iran sees staged OPEC cut, starting with 1 mln bpd TEHRAN, Oct 20 (Reuters) - Iran, OPEC's No. 2 producer, said on Monday it was possible the group would cut output in stages in response to falling oil prices, starting with a cut of 1 million barrels per day, the official IRNA news agency reported. 2008-10-20 09:02:28 Ericsson CEO-no change in recent pricing conditions STOCKHOLM, Oct 20 (Reuters) - The top executive at telecom equipment maker Ericsson said on Monday the firm had not seen any change in the pricing environment since the summer. 2008-10-20 09:01:19 STOCKS NEWS EUROPE-Loewe rises after raises 2008 EBIT forecast STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 07:52GMT 20Oct2008-Loewe shares rise after it raises 2008 EBIT forecast ----------------------------------------------------------------------- Shares in Germany's biggest TV maker Loewe rise 6.2 percent to 8.3 euros forecast to 28 million euros from 24 million euros. 2008-10-20 08:57:08 OPEC may not need big output cut-source tells paper DUBAI, Oct 19 (Reuters) - OPEC may not need to make a substantial cut in its producton as demand for oil, the world's second largest consumer China did not look like dropping sharply, al-Hayat newspaper said on Monday, quoting an OPEC source. 2008-10-20 08:47:34 Ericsson CEO says base Q4 views on 9 months not Q3 STOCKHOLM, Oct 20 (Reuters) - The top executive at telecom equipment maker Ericsson said on Monday the market should base its fourth-quarter modelling for quarterly results on the past nine months, not just the third quarter. 2008-10-20 08:43:12 COMMODITIES-Markets extend gains, economy clouds outlook SINGAPORE, Oct 20 (Reuters) - Commodity prices pushed higher on Monday, with oil extending gains and base metals and gold up more than 2 percent, but the likely impact of slowing growth on demand kept investors on the edge of their seats. 2008-10-20 08:39:33 3-Ericsson posts strong Q3, unhurt by turmoil STOCKHOLM, Oct 20 (Reuters) - Ericsson posted stronger-than-expected third-quarter earnings on Monday, sending its shares shooting higher, and showing no sign yet of damage from the financial turmoil roiling world markets. 2008-10-20 08:33:23 Iran sees staged OPEC cut, starting with 1 mln bpd TEHRAN, Oct 20 (Reuters) - Iran, OPEC's No. 2 producer, said on Monday it was possible the group would cut output in stages in response to falling oil prices, starting with a cut of 1 million barrels per day, the official IRNA news agency reported. 2008-10-20 08:29:56 BRIEF-Veolia says credit crisis unlikely to have major impact on its financing costs PARIS, Oct 20 (Reuters) - Veolia Environnement SA: CEO SAYS FINANCIAL CRISIS UNLIKELY TO HAVE MAJOR IMPACT ON VEOLIA'S financing costs. tf.TFN-Europe_newsdesk@thomsonreuters.com jlw 2008-10-20 08:28:35 1-Utility Veolia cuts key targets, shares plunge PARIS, Oct 19 (Reuters) - French water and waste management group Veolia cut its outlook for its investments and operating cash flow in 2008 due to the economic slowdown, causing its shares to plunge. 2008-10-20 08:22:58 Ericsson plans for "flattish" industry market in 09 STOCKHOLM, Oct 20 (Reuters) - The top executive at telecom equipment maker Ericsson said on Monday the company would continue to plan for a largely flat mobile infrastructure market in 2009. 2008-10-20 08:21:10 BRIEF-Deutsche cuts price targets on UK exploration & production cos Oct 20 (Reuters) - DEUTSCHE BANK CUTS CAIRN PRICE TARGET TO 2,895P FROM 4,290P; RATING BUY DEUTSCHE BANK CUTS DANA PETROLEUM PRICE TARGET TO 1,480P FROM 2,700P; rating buy DEUTSCHE BANK CUTS VENTURE PRICE TARGET TO 490P FROM 965P; RATING HOLD DEUTSCHE BANK CUTS TULLOW OIL PRICE TARGET TO 755P FROM 1,430P; RATING BUY DEUTSCHE BANK CUTS JKX OIL AND GAS PRICE TARGET TO 370P FROM 745P; RATING buy DEUTSCHE BANK CUTS PREMIER OIL PRICE TARGET TO 1,455P FROM 2,345P; RATING buy tf.TFN-Europe_newsdesk@thomsonreuters.com ms1 2008-10-20 07:58:56 2-Ericsson posts strong Q3, unhurt by turmoil STOCKHOLM, Oct 20 (Reuters) - Ericsson posted stronger-than-expected third-quarter earnings on Monday, benefiting from heavy network traffic and showing no sign yet of damage from the financial turmoil roiling world markets. 2008-10-20 07:57:08 Frontera retains SMH Capital as investment bank DAD for U.S. disclosure LONDON (Thomson Financial) - Frontera Resources Corp., a U.S.-based independent oil and gas explorer and producer, said it entered into a formal agreement with SMH Capital Inc., a broker-dealer subsidiary of Nasdaq-listed Sanders Morris Harris Group, to serve as the investment bank designated advisor for disclosure (DAD) in connection with Frontera's OTCQX listing. 2008-10-20 07:49:32 BRIEF-Veolia expects better profits in 2009 PARIS, Oct 20 (Reuters) - Veolia Environnement SA: FRENCH UTILITY'S CEO SAYS HE EXPECTS PROFITABILITY TO IMPROVE IN 2009. tf.TFN-Europe_newsdesk@thomsonreuters.com jlw 2008-10-20 07:43:31 BRIEF-Veolia CEO says 2008 EBITDA forecasts are cautious PARIS, Oct 20 (Reuters) - Veolia Environnement SA: CEO OF THE FRENCH UTILITY SAYS 2008 EBITDA FORECASTS ARE CAUTIOUS. tf.TFN-Europe_newsdesk@thomsonreuters.com jlw 2008-10-20 07:41:20 Oilex says appraisal confirms oil potential of Miocene section in Cambay field LONDON (Thomson Financial) - Oilex Ltd. said the appraisal programme initiated recently in the western portion of the Cambay field in India has confirmed the oil potential of the shallower Miocene section. 2008-10-20 07:35:19 1-OMV says Q3 refining margin narrows VIENNA, Oct 20 (Reuters) - Austrian oil and gas group OMV said on Monday its reference refining margin narrowed to $6.24 per barrel in the third quarter from $6.76 in the last quarter, while production rose. 2008-10-20 07:22:05 1-Ericsson posts strong Q3, unhurt by turmoil STOCKHOLM, Oct 20 (Reuters) - Ericsson posted stronger-than-expected third-quarter earnings on Monday, benefiting from heavy network traffic and emerging unscathed from the financial turmoil roiling world markets. 2008-10-20 07:20:32 1-Woodside: Australia carbon plan may double costs SYDNEY, Oct 20 (Reuters) - Australia's proposed carbon emissions trading scheme could more than double operating costs of the North West Shelf liquefied natural gas (LNG) plant, operator Woodside Petroleum Ltd's chief executive said on Monday. 2008-10-20 07:19:30 Ericsson Q3 profit 5.7 bln SEK, above forecasts STOCKHOLM, Oct 20 (Reuters) - Telecom equipment maker Ericsson on Monday profit, far higher than analysts had expected. 2008-10-20 07:19:28 2-Oil rises $2 as traders eye OPEC output cut SYDNEY, Oct 20 (Reuters) - Oil rose over $2 on Monday and changed hands at $74 on expectations that OPEC could cut output this week to lift prices that have plunged more than 50 percent from a record high in just three months. 2008-10-20 07:18:09 BRIEF-Ericsson sees flat 2009 market HELSINKI, Oct 20 (Reuters) - Ericsson says: BUSINESS IN THE QUARTER HAS NOT BEEN IMPACTED BY THE FINANCIAL TURMOIL GIVEN THE PRESENT MARKET CONDITIONS, WILL CONTINUE WITH COST ADJUSTMENT activities in the fourth quarter, although at a slightly lower pace AS LOOKS INTO 2009, CONTINUES TO PLAN FOR A FLATTISH MARKET HAS MEASURES IN PLACE ALSO FOR TOUGHER CONDITIONS HAS A POSITIVE LONGER-TERM VIEW FOR INDUSTRY SEEING INITIAL POSITIVE EFFECTS FROM ONGOING COST ADJUSTMENTS FINANCIAL POSITION IS STRONG WITH HEALTHY NET CASH AND HIGH PAYMENT readiness SEES GOOD GROWTH IN THE PROFESSIONAL SERVICES MARKET IN 2009 MAJOR MACRO ECONOMIC TRENDS ARE NEGATIVE BUT THE PRESENT FINANCIAL turmoil has so far no impact on business OPERATORS ARE GENERALLY FINANCIALLY SOUND, NETWORKS ARE LOADED AND TRAFFIC shows strong growth IN THE PRESENT FINANCIAL ENVIRONMENT, HARD TO PREDICT HOW operators will act and to what extent consumer telecom spending will be affected 2008-10-20 07:14:30 BRIEF-Belgium's Option extends collaboration with Intel BRUSSELS, Oct 20 (Reuters) - Option NV: TO EXTEND COLLABORATION WITH INTEL ON WIRELESS MODULES FOR MOBILE INTERNET devices SAYS IT IS DEVELOPING A NEW 3.5G HSPA EMBEDDED MODULE FOR THE "MOORESTOWN" platform, Intel's next generation Mobile Internet Device (MID) platform based on the Intel Atom processor ((Brussels newsroom; +32 2 287 6810)) 2008-10-20 07:13:00 INSTANT VIEW 2-Ericsson Q3 earnings top forecasts STOCKHOLM, Oct 20 (Reuters) - Ericsson, the world's biggest mobile network maker, reported on Monday a third-quarter operating profit well above analysts' forecasts. 2008-10-20 07:11:39 INSTANT VIEW-Ericsson Q3 earnings top forecasts STOCKHOLM, Oct 20 (Reuters) - Ericsson, the world's biggest mobile network maker, reported on Monday a third-quarter operating profit well above analysts' forecasts. 2008-10-20 07:10:28 OPEC may cut oil supplies in two rounds-Khelil ALGIERS, Oct 19 (Reuters) - OPEC oil producers may cut oil supplies in two rounds, one when they meet next week in Vienna and a second later on, to drain oil supply surplus off markets and firm up prices, the group president on Sunday. 2008-10-20 07:09:50 BP could appoint Morozov as CEO of Russian JV-report LONDON, Oct 19 (Reuters) - British oil major BP could appoint the former head of Russian miner Norilsk Nickel, as the new chief executive of its Russian joint venture, TNK-BP, within the next two weeks, The Sunday Times reported. 2008-10-20 07:09:01 2-Iran wants OPEC oil output cut of 1-3 mln bpd -TV TEHRAN, Oct 19 (Reuters) - Iran wants OPEC to cut output by 1 million to 3 million barrels per day (bpd) because of the financial crisis and a drop in world oil demand, state TV quoted Iran's OPEC governor, Mohammad Ali Khatibi, as saying on Sunday. 2008-10-20 07:05:31 BRIEF-OMV SAYS Q3 refining margin $6.24 per barrel VIENNA, Oct 20 (Reuters) - OMV AG: OMV SAYS Q3 OIL AND GAS PRODUCTION 316,000 BOE/D RPT-OMV SAYS Q3 INDICATOR REFINING MARGIN $6.24 PER BARREL RPT-OMV SAYS Q3 TOTAL REFINING SALES 5.81 MLN TONNES tf.TFN-Europe_newsdesk@thomsonreuters.com jlw 2008-10-20 07:05:30 Russia's Gazprom sees 2008 net profit at $30 bln MOSCOW, Oct 18 (Reuters) - Russia's gas export monopoly Gazprom expects net profit of $30 billion this year, its chief executive said on Saturday, roughly level in dollar terms with the $29.70 billion it reported for last year. 2008-10-20 06:03:49 Woodside: Australia carbon plan may double costs PERTH, Oct 20 (Reuters) - Australia's proposed carbon emissions trading scheme could more than double operating costs of the North West Shelf liquefied natural gas (LNG) plant operated by Woodside Petroleum Ltd, Woodside's chief executive Don Voelte said on Monday. 2008-10-20 05:53:18 Oil up $2 on expectations of OPEC output cuts SINGAPORE, Oct 20 (Reuters) - Oil extended gains by $2 on Monday, on expectations that OPEC could cut output at an emergency meeting this week to lift prices that have lost more than 50 percent in three months. 2008-10-20 05:20:39 NBC Universal to cut 3 pct of 2009 budget - report PHILADELPHIA, Oct 19 (Reuters) - NBC Universal, the broadcasting unit of General Electric Co, plans to cut $500 million from next year's budget, according to a report by The Wall Street Journal on Sunday. 2008-10-20 05:11:39 Utility Veolia cuts investment, cash flow outlook PARIS, Oct 19 (Reuters) - French water and waste management group Veolia said on Sunday that it had revised down its outlook for its investments and cut its forecast for operating cash flow in 2008 due to the economic slowdown. 2008-10-20 04:56:51 ANALYSIS-Asia oil brokers brace for crisis-induced shakeup SINGAPORE, Oct 20 (Reuters) - Asia's oil broking industry is on the brink of its biggest shake-up in a decade as a plunge in trading volumes forces many to scramble for new markets, rethink alliances or consider shutting up shop. 2008-10-20 03:38:53 China's CNPC signs oil exploration deal with Uzbekneftegaz BEIJING (XFN-ASIA) - China National Petroleum Corp (CNPC), parent of PetroChina, said it has signed an agreement with Uzbekistan's state-owned Uzbekneftegaz to explore for oil there. 2008-10-20 03:19:40 PRESS DIGEST-Indonesian newspapers - Oct 20 JAKARTA, Oct 20 (Reuters) - Following are some leading stories in the main Indonesian newspapers on Oct. 20.

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