DEUTSCHE BANK (DBKGn.DE)Deutsche Bank (DBKGn.DE) analysts on Monday outlined a way
for banks to contribute a 40 percent “haircut” on Greek
sovereign debt without substantially changing the terms of
July’s debt-relief deal.Separately, CEO Josef Ackermann who is also chairman of the
international banking lobby IIF, cancelled a high-profile
interview on German television scheduled for Tuesday. Ackermann
instead chose to pursue talks in Brussels, in a sign that
private sector banks are working to strike a deal on
restructuring Greek debt.Related news [DBKGn.DE-E]ADIDAS (ADSGn.DE)Chinese peer ANTA Sports Products Ltd said on
Tuesday that it expects a slowdown in same-store sales growth
for the third quarter, sending its shares to the lowest in 29
months.Related news [ADSGn.DE-E]ENBWThe OEW group, a large shareholder in German utility EnBW
is ready to provide fresh capital to the utility,
which has been hit by Germany’s decision to exit nuclear power,
the head of the OEW said.Related newsMETROJuergen Kluge has stepped down as head of the supervisory
board at Metro, leaving the German retailer seeking both a
chairman and chief executive.Related newsOVERSEAS STOCK MARKETSDow Jones -2.1 pct, S&P 500 -1.9 pct, Nasdaq
-2 pct at Monday’s close.Nikkei -1.4 pct at 0445 GMT.GERMAN ECONOMIC DATAOctober ZEW economic sentiment due at 0900 GMT. Seen at
-45.0 up from -43.3 in September. Current conditions seen at
39.6 down from 43.6 in the previous month.EUROPEAN FACTORS TO WATCHDIARIESREUTERS TOP NEWS
OVERVIEW— We have reviewed Erste Europaeische Pfandbrief- und Kommunalkreditbank’s public-sector
covered bonds.— We have affirmed our ‘AA+’ ratings on these public-sector covered bonds following our
review.— The outlook remains stable.Standard & Poor’s Ratings Services today affirmed its ‘AA+’ credit ratings on Erste
Europaeische Pfandbrief- und Kommunalkreditbank AG’s (EEPK) public-sector covered bonds
following a review. The outlook remains stable (see list below).For our rating affirmation on EEPK’s public-sector covered bonds, we have reviewed the asset
and cash flow information provided as of June 30, 2011.
* Deal expected to close in Q4Oct 11 (Reuters) - Gardner Denver Inc , a U.S.
manufacturer of compressors and vacuum products for industrial
applications, said it will buy Italy-based Robuschi SpA for $207
million to optimize its European manufacturing operations.Robuschi is a manufacturer of blowers and pumps and has
manufacturing facilities in Italy, Brazil and China. Its shares
are currently held by an investor group led by Milan-based Aksia
Group.Quincy, Illinois-based Gardner Denver said the deal is
expected to close in the fourth quarter.Shares of the company closed at $73.71 on Tuesday on the New
York Stock Exchange.