GLOBAL MARKETS-Asian shares, dollar sag on caution before U.S. payrolls China's markets will be closed until Oct. 8 for the National Golden Week holidays. On Thursday, a pair of manufacturing surveys showed persistent weakness in China's factory sector, although they weren't as bad as some had feared. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent, but still on track for a weekly gain of 0.7...
| By: Lisa Twaronite
Has the market gone loco for CoCo bonds? The post-financial crisis regulatory push has fueled a wave of contingent convertible or "CoCo" bonds, but do either investors or issuers really understand the risks?
| By: Katy Barnato
FOREX-Euro perkier as ECB dampens expectations for imminent stimulus SYDNEY, Sept 24- The euro clung to broad gains early on Thursday, having rallied after the head of the European Central Bank downplayed the need for further monetary stimulus any time soon. The euro bounced above $1.1200 overnight and last stood at $1.1187, pulling away from Wednesday's session low of $1.1105. "If the current rally in EUR/USD extends to re-test the...
| By: Ian Chua
UPDATE 3-Lanxess sells 50 pct in rubber business to Saudi Aramco *Deal values Lanxess rubber ops at 2.75 bln euros incl debt. FRANKFURT, Sept 22- Germany's Lanxess sold 50 percent of its synthetic-rubber business, the world's largest, to Saudi Aramco, partnering with the leading oil firm to gain better access to petrochemical raw materials. The deal values the joint venture that the two companies will set up in the Netherlands...
| By: Ludwig Burger
GLOBAL MARKETS-Equities, dollar and oil gain as gold slips *Wall Street trims earlier gains. NEW YORK, Sept 21- Wall Street and European stocks rebounded more than 1 percent on Monday in rallies that, along with robust gains in the dollar and global oil markets, showed investors were tilting toward riskier assets. Gold, which benefits from investors' worries, fell back from a three-week high.
| By: Michael Connor
UPDATE 2-Bayer's Covestro aims to fetch 2.5 bln eur in IPO *Offer price range 26.50- 35.50 eur/ shr. FRANKFURT, Sept 18- Bayer's plastics division Covestro aims to raise about 2.5 billion euros in an initial public offering, it said on Friday, announcing what could become the largest stock market debut in Germany in almost 15 years. That would make it the biggest listing in Germany since mail and logistics group Deutsche...
| By: Ludwig Burger