CANADA STOCKS-TSX may open lower, Spain adds to Europe worries

Mon Jun 25, 2012 8:41am EDT
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June 25 (Reuters) - Toronto's main stock index was set for a lower open, tracking global markets, as worries over uncertainty in the euro zone crimped investor appetite, ahead of the EU summit later this week.


* Spain formally requested euro zone rescue loans to recapitalise its debt-laden banks on Monday as the euro and shares fell on investor scepticism about this week's EU summit.

* European leaders will discuss specific steps towards a cross-border banking union, closer fiscal integration and the possibility of a debt redemption fund at a summit on June 28-29, according to a document prepared for the meeting.

* BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.

* Anheuser-Busch InBev, the world's biggest brewer and maker of Budweiser and Stella Artois beers, is in talks to buy the 50 percent of Corona beer maker Grupo Modelo that it does not already own, said a person familiar with the matter - in a potential deal that could top $10 billion.

* Samsung Electronics Co expects sales of its new Galaxy S III, launched at the end of last month as a main rival to Apple's iPhone, to top 10 million during July, making it the South Korean group's fastest selling smartphone.

MARKET SNAPSHOT   Continued...