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Swiss shares TFN market data at 10.05 pm - SMI rebounds on Wall St gains
Swiss Market Index 8,200.05, up 89.90 points
India''s M&M confirms pull-out from Chennai jv with Renault and Nissan
MUMBAI (Thomson Financial) - India''s largest utility vehicles maker Mahindra & Mahindra Ltd confirmed that it has decided to pull out of its Oragadam joint venture with Renault SA and Nissan Motor Co.
Hong Kong shares close lower as properties turn weak; China banks up UPDATE
HONG KONG (XFN-ASIA) - Share prices closed lower as property stocks turned weak in late trade, offsetting gains in China banks following positive 2007 earnings guidance from China Merchants Bank.
Stockmann Dec sales up 52 pct at 263 mln eur; FY sales up 13 pct at 1.670 bln
HELSINKI (Thomson Financial) - Retailer Stockmann said group sales rose 52 pct in December year-on-year to 263 mln eur, boosted by new selling space and ''good'' like-for-like sales growth abroad.
UK small caps open higher; Univision Engineering top on 4.2 mln stg contract win
LONDON (Thomson Financial) - UK smaller companies opened higher today, matching the positive trend among blue chips, with Univision Engineering top after its 4.3 mln stg contract win.
BNP Paribas sees potential for organic growth in the German market
FRANKFURT (Thomson Financial) - BNP Paribas sees good potential several business lines in the German market, where it plans to grow mainly organically, Germany head Joachim von Schorlemer said in an interview with daily Boersen-Zeitung.
ICB Financial Group completes 20 pct stake-sale in Sorak Financial
LONDON (Thomson Financial) - ICB Financial Group Holdings AG said it has completed its 20 pct stake-sale in Sorak Financial Holdings Pte Ltd to Fullerton Financial Holdings Pte Ltd today for 211.6 mln Singapore dollars in cash.
Polish deputy treasury minister says 20-40 pct 2007 dividend realistic for PKO
WARSAW (Thomson Financial) - Poland''s treasury ministry could support a dividend payout of 20-40 pct on this year''s profit by state-controlled bank PKO BP, Deputy Minister Michal Chyczewski told state news agency PAP today.
Bayer''s HealthCare unit confirms FY pre-ex EBITDA margin to exceed 25 pct
SAN FRANCISCO (Thomson Financial) - Bayer AG affirmed its goal of reaching pre-exceptional EBITDA margin at its HealthCare division of more than 25 pct in 2007, saying also it aims to lift the margin to ''around'' 28 pct in 2009.
Suez unit wins maintenance contract for Total oil rigs in North Sea
PARIS (Thomson Financial) - Fabricom, a unit of Suez, said it has signed a five-year contract with Total to provide engineering and construction services for 21 oil rigs in the North Sea.
Rice warns Iran against ''provocations'' after naval confrontation
JERUSALEM (Thomson Financial) - US Secretary of State Condoleezza Rice warned Tehran in an interview published on Tuesday that it should cease its ''provocations'' after Iranian vessels confronted US warships in the Gulf.
All Star Minerals says to begin geochemistry, geophysics on Gilpas licence soon
LONDON (Thomson Financial) - All Star Minerals PLC said it has scheduled the start of geochemistry and electro magnetic and magnetic geophysics on its Swedish Gilpas licences in February with the intention of defining drill targets.
Netia considers share issue or sale of stake in Polish fourth mobile network
WARSAW (Thomson Financial) - Polish telecom Netia has approved moves to issue new shares or sell its 23.4 pct stake in the country''s fourth mobile operator P4, which launched operations last year, the company said in a statement.
Conergy unit and Macquarie win 2.5 bln aud wind farm contract in Australia
SYDNEY (Thomson Financial) - Conergy AG''s unit Epuron has joined with Macquarie Bank to build a 2.5 bln aud wind farm near Broken Hill, Australia, the Sydney Morning Herald said, citing Epuron chairman Rob Sauer.
Rising costs threaten India''s auto growth story - survey
NEW DELHI (Thomson Financial) - Rising production costs and dilapidated infrastructure threaten the Indian auto industry''s ambitions for fast growth, according to a survey by consultancy KPMG published Tuesday.

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