European shares fall on Chinese import data, SABMiller soars *SABMiller soars after accepting ABInBev takeover offer. MILAN, Oct 13- European shares fell on Tuesday following disappointing Chinese import data, dragged down by auto and bank stocks, though SABMiller soared after accepting a 68 billion-pound takeover proposal from rival Anheuser-Busch. SABMiller rose 8.5 percent and Anheuser-Busch was up 1.7 percent.
| By: Danilo Masoni
GLOBAL MARKETS-Shares fall as Chinese data dims economic outlook *China imports plunge 20 pct. "Many countries... rely heavily on sales to China so unless this demand picks up in the coming quarters, not only are we going to see below 7 percent growth in the world's second-largest economy, it's going to decline sharply for many of its trade partners as well," said Craig Erlam, senior market analyst at Oanda in London.
| By: Jamie McGeever
FOREX-Growth currencies end winning streak, pound boosted by M&A deal LONDON, Oct 13- Currencies linked to Chinese growth like the Australian and New Zealand dollars fell for the first time in over a week on Tuesday, after trade data from China reinforced a view that the world's second largest economy was losing momentum. It rose to hit its highest in nearly three weeks against the dollar after SABMiller accepted a takeover...
| By: Anirban Nag
European shares fall as miners, autos decline but SABMiller soars *SABMiller up 9 pct after accepting ABInBev takeover offer. MILAN, Oct 13- European shares opened slightly lower on Tuesday, following losses in Asia overnight, although SABMiller soared after accepting a 68 billion-pounds takeover proposal from rival Anheuser-Busch. SABMiller said it had indicated to AB InBev that its board would be prepared to accept the...
Asian stocks lower on weak China import data SEOUL, South Korea- Asian stock markets were lower Tuesday as China's trade data showed a larger-than-expected slide in imports, deepening concerns about slowdown in the world's second-largest economy. China's Shanghai composite index fell 0.1 percent to 3,285.01 while Hong Kong's Hang Seng index shed 0.4 percent to 22,638.05. CHINA SLOWDOWN: China's...
Source: The Associated Press
| By: By YOUKYUNG LEE, AP Business Writer
UPDATE 1-China Sept car sales mark first rise in 6 mths; dealers eye tax cut BEIJING, Oct 13- Vehicle sales in China grew 2.1 percent in September, snapping a five-month streak of declines, as dealers look to a government tax cut on small cars to revive the world's largest auto market. China's State Council halved the sales tax on cars with 1.6- litre engines or smaller to 5 percent from Oct. 1 through the end of 2016 in a bid to boost flagging...
| By: Meng Meng and Jake Spring