PRESS DIGEST- Financial Times - Oct 1

Reuters

Oct 1 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

Washington shutdown looms as deal hopes fade

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Osborne aims for budget surplus by 2020

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BP staff 'not prepared for blowout'

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Hedge funds move out of shorts with eyes on bull run inmarkets

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Newmont looks to copper with bid for Glencore Peru project

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KKR buys stake in Chinese consumer brand

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Overview

Hopes of reaching a last-minute deal to avoid a partialshutdown of the US government on Monday night were fading evenas President Barack Obama warned that an impasse will throw a'wrench' into U.S. recovery.

Finance minister George Osborne vowed to squeeze welfare andother public spending to wipe out Britain's budget deficit ifthe Conservatives won the 2015 election.

BP was not prepared to deal with the 2010 DeepwaterHorizon disaster, despite decades of warnings that an underwaterwell blowout was possible, lawyers for plaintiffs seekingdamages over the spill have alleged.

Hedge funds' bets on falling share prices have dropped totheir lowest level in years as traders predict equities willrise over the coming months.

Newmont Mining Corp, the biggest U.S. gold miner, hasjoined the race for Glencore Xstrata's Peruvian copper miningproject Las Bambas, as it tries to diversify its business.

Investment company KKR & Co LP bought a 10 percentstake in Qingdao Haier Co Ltd, gaining exposure toChina's home appliances market with its biggest investment inthe country to date.

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