CANADA STOCKS-TSX may open lower on uncertainty over U.S. budget talks

Wed Sep 25, 2013 8:10am EDT
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Sept 25 (Reuters) - Canada's main stock index looked set to open lower on Wednesday as investor sentiment was pulled lower by a potential government shutdown in Washington at the end of the month coupled with uncertainty about the Federal Reserve's policy outlook.


* German consumer confidence rose to its highest level in six years heading into October, supporting expectations that strong consumer spending will help Europe's largest economy report oderate growth in 2013.

* The world's biggest banks would need to boost their capital by 115 billion euros to comply with tougher rules and more than 60 percent of that shortfall is in Europe, where lenders have been slower to strengthen.

* Chinese e-commerce company Alibaba Group Holding Ltd has decided to pursue an initial public offering in New York after talks broke down over a Hong Kong listing, sources familiar with the discussions said.

* A tentative deal to take BlackBerry Ltd private will not necessarily resolve challenges that pushed the smartphone maker into a corner in the first place, but it gives the struggling company some breathing room.