=UBS SWINGS TO 3Q NET LOSS VS YR-AGO PFT; CAUTIOUSLY UPBEAT
UBS AG, among the hardest-hit banks by the financial crisis, Tuesday swung to a third quarter net loss as it was hit by charges on its own debt and by continued outflows at its flagship private bank. (published 0633 GMT)
=SWISS RE SWINGS TO 3Q NET PROFT ON COST CUTS
Swiss Reinsurance Co Tuesday said it swung to a third-quarter net profit, thanks to cost cutting and improved underlying reinsurance markets, and said it was confident for the remainder of the year. (published 0615 GMT)
=DSM 3Q OPERATING PROFIT -41%, BEATS VIEWS, OUTLOOK UNCERTAIN
Koninkijke DSM NV confirmed its full-year outlook Tuesday after the Dutch life and materials sciences group reported a better-than-expected 41% fall in third-quarter operating profit, and said cost savings are on track. (published 0656 GMT)
GEMALTO INVESTS IN SERVERSIDE; HAS OPTION TO BUY CO LATER
French digital security company Gemalto NV Tuesday said it has subscribed to the capital increase of Serverside Group with an option to acquire the London-based custom debit card company at a later date. (published 0622 GMT)
=FRESENIUS MEDICAL CARE 3Q NET PFT +9%; LIFTS 09 OUTLOOK
Dialysis care provider Fresenius Medical Care AG & Co. KGaA Tuesday lifted its outlook for the year, after third-quarter net profit rose 9% on increased revenue per treatment and cost management measures. (published 0626 GMT)
BANK SARASIN TO ACQUIRE MAJORITY IN NZB NEUE ZUERCHER BANK
Bank Sarasin & Cie AG said Tuesdasy it plans to acquire a majority stake in NZB Holding domiciled in Zurich. (published 0610 GMT)
=POLISH TVN 3Q NET PROFIT UP 10 TIMES ON FOREX GAINS
TVN SA, Poland's largest private television broadcaster, said Tuesday its third-quarter net profit rose more than 10 times on foreign exchange gains, while Ebitda dropped by nearly a half, hurt by losses at TVN's direct-to-home satellite platform and its contracting advertising revenue. (published 0627 GMT)
=UPDATE:TEMASEK SET TO BID FOR AXA'S TAIKANG STAKE - SOURCE
Singapore state investment company Temasek holdings is "seriously considering" bidding for the nearly 16% stake France's AXA holds in Chinese insurer Taikang, a person familiar with the situation said Tuesday. (published 0438 GMT)
=3RD UPDATE:INFRATIL CONSORTIUM IN TALKS TO BUY SHELL NZ ASSETS
Utilities investor Infratil Ltd. in consortium with the government New Zealand Superannuation Fund said Tuesday it has entered exclusive negotiations with Royal Dutch Shell PLC over the possible acquisition of Shell New Zealand Ltd.'s refining and downstream distribution and retailing businesses. (published 0346 GMT)
=UPDATE: SAIZEN REIT DEFAULTS ON S$113M LOAN
Singapore-listed real estate investment trust Saizen Reit said Tuesday it has defaulted on a S$113 million commercial mortgage backed securities loan. (published 0619 GMT)
=UPDATE: LG DISPLAY TO INVEST KRW1.1T IN CHINA LCD PLANT JOINT VENTURE
LG Display Co., the world's second-largest producer of liquid crystal displays by sales, said Tuesday that it plans to invest KRW1.1 trillion for a 70% stake in a joint venture that will build a $4 billion liquid crystal display plant in China. (published 0527 GMT)
=UPDATE:KEPCO SWINGS TO 3Q NET PROFIT ON LOWER COSTS,CHARGE HIKES
State-run Korea Electric Power Corp., or Kepco, said Tuesday it swung to a hefty third-quarter net profit, helped by reduced fuel costs and hikes in electricity charges. (published 0118 GMT)
=UPDATE: KT 3Q NET UP 80%; MARKETING CUTS OPERATING PROFIT
South Korea's KT Corp. said Tuesday its third-quarter net profit grew 80%, but its operating profit dropped 12% from a year earlier period on higher marketing expenses. (published 0236 GMT)
SHINHAN FINANCIAL 3Q NET KRW491.3B; HIGHER THAN EXPECTED
South Korea's Shinhan Financial Group said Tuesday its third-quarter net profit rose 52% to KRW491.3 billion from KRW323.3 billion a year earlier, helped by a drop in provisioning costs and a recovery in its net interest margin. (published 0607 GMT)
=3RD UPDATE: AIR NEW ZEALAND TO BUY 14 NEW AIRBUS A320 AIRCRAFT
National carrier Air New Zealand Ltd. said Tuesday that it will consolidate its short-range fleet around Airbus aircraft after a hard-fought contest with rival Boeing Co., amid delays in orders for the U.S. manufacturer's new 787 long-range plane. (published 0430 GMT)
=UPDATE: CHINA MERCHANTS SECURITIES STARTS IPO ROADSHOW
China Merchants Securities Co. on Tuesday started the roadshow for an initial public offering that could raise around CNY10 billion . (published 0215 GMT)