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  • TORONTO, Oct 30- Bombardier Inc reported quarterly earnings that topped expectations on Thursday and said it had put plans for a plane-building joint venture in Russia on hold due to political and economic conditions there, potentially jeopardizing a large Russian order. The Canadian plane and train maker had been in talks with state-owned industrial and...

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car division rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they...

  • *ECB hires Deutsche, ING, State Street, Amundi. By Kathrin Jones and Eva Taylor. FRANKFURT, Oct 30- The European Central Bank hired four major asset managers to carry out from November its purchases of securitised private debt, one of the stimulus measures the bank hopes will stave off deflation in the euro zone.

  • *Q3 oper profit jumps 16 pct to 3.23 bln euros. BERLIN, Oct 30- Volkswagen's third-quarter earnings jumped as profit margins at its main passenger-car brand rose for the first time in almost two years, adding to record sales of luxury Audis and Porsches. While sales at Audi and Porsche- which account for two-thirds of group profit- have been rising all year, they have...

  • LONDON, Oct 30- Brent crude oil slipped below $87 a barrel on Thursday as expectations that U.S. interest rates may rise sooner than previously thought pushed the dollar to its highest in more than three weeks. "Increased expectations about a first increase in rates next year will be dollar positive and a higher dollar will be generally negative for commodities,"...

  • Company: German man kidnapped in Nigeria is free Thursday, 30 Oct 2014 | 9:08 AM ET

    BERLIN— The company that employed a German man kidnapped in Nigeria last week says he has been freed. The German office of Nigeria- based construction company Julius Berger declined to provide further details beyond confirming the employee's release. Gunmen had kidnapped the man and killed another German construction expert as the two men were being driven...

  • *Q3 adjusted profit $0.12/ shr vs est $0.09/ shr. Q3 revenue up 21 pct to $4.91 bln vs est $4.81 bln. Oct 30- Bombardier Inc, a Canadian plane and train maker, on Thursday reported better-than-expected third-quarter earnings as aircraft deliveries shot up nearly 60 percent.

  • Volkswagen Q3 profits jump 56 percent Thursday, 30 Oct 2014 | 7:31 AM ET

    FRANKFURT, Germany— Automaker Volkswagen AG says net profit jumped 56 percent in the third quarter as the company saw more sales growth in China and a slowly recovering European auto market. Over the first nine months of the year, VW has seen stronger sales in Germany and the UK, where the economy is doing better. Sales in Russia have dropped during the conflict...

  • Lufthansa lowers profit forecast for 2015 Thursday, 30 Oct 2014 | 6:31 AM ET

    FRANKFURT, Germany— German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year. Lufthansa had previously said it expected an operating profit of 2 billion euros in 2015, but now estimates the result will be "significantly" above this year's predicted profit of 1...

  • German unemployment dips again in October Thursday, 30 Oct 2014 | 6:28 AM ET

    BERLIN— Germany's unemployment rate fell to 6.3 percent in October as the labor market in Europe's biggest economy continued to gain steam. Germany's economy has been slowing, and business and consumer confidence has slid on concerns over the turmoil in Ukraine and elsewhere. Nonetheless, ING economist Carsten Brzeski says indications are the labor market...

  • LONDON, Oct 30- Brent crude oil fell below $87 a barrel on Thursday, pressured by a stronger dollar after the Federal Reserve painted a brighter outlook for the U.S. economy. "Anything priced in U.S. dollars is seeing a fall since released that statement and that goes right across the commodities complex," said analyst Ben Le Brun at OptionsXpress, referring to the...

  • BRUSSELS, Oct 29- Ukraine and Russia bargained late into the night on Wednesday but European Union officials trying to broker a deal to resume gas supplies to Kiev as winter sets in said there was still no accord to announce. With Kiev and Moscow locked in conflict over pro-Russian rebellions in Ukraine and over the former Soviet state's move to bind itself...

  • BERLIN, Oct 29- Finance ministers and tax chiefs from 51 countries signed an agreement on Wednesday to automatically swap tax information, which Germany's finance minister said heralded the end of tax evasion via secret bank accounts. "Let's make a joint contribution to more transparency and fairness in our globalised 21st century," Wolfgang Schaeuble told a...

  • 51 countries sign deal in tax evasion crackdown Wednesday, 29 Oct 2014 | 11:54 AM ET

    The standard agreed upon in Berlin on Wednesday was developed by the Organisation for Economic Co-operation and Development in consultation with the world's top 20 economies. The countries that signed include most European Union nations, as well as traditional tax havens like Liechtenstein, the British Virgin Islands and the Cayman Islands.

  • Hedge funds muscle into reinsurance, attracting doubters Wednesday, 29 Oct 2014 | 8:59 AM ET

    LONDON, Oct 29- Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall. John Rathgeber, CEO of Watford Re which opened its doors this year, said his group used leverage and invested in assets such...

  • German exports to Russia fall sharply in August Wednesday, 29 Oct 2014 | 7:10 AM ET

    BERLIN— German exports to Russia dropped by more than a quarter in August over the same month a year ago as sanctions over Ukraine took an increasing toll. The Federal Statistical Office said Wednesday that German exports to Russia dropped 26.3 percent in August to 2.3 billion euros. Over the first eight months of 2014, exports to Russia fell 16.6 percent to 20.3...

  • BEIJING, Oct 29- China needs to loosen capital controls and develop offshore yuan markets to help encourage yuan holding and bolster its drive to internationlise the currency, a senior executive at Bank of China, said on Wednesday. About 15 percent China's trade was settled in yuan in the first nine months of 2014, up from less than 1 percent in 2009, when...

  • BRUSSELS, Oct 29- Ukraine and Russia begin new gas crisis talks on Wednesday, but wrangling over Ukraine's upfront cash payments threatens to push a deal out of reach, even as temperatures have fallen below zero in Kiev. Russian state utility Gazprom halted supplies to Kiev in June because of Ukraine's unpaid gas bill, which Moscow says is around $4.5 billion.

  • UPDATE 1-German exports to Russia plunge in August Wednesday, 29 Oct 2014 | 6:13 AM ET

    BERLIN, Oct 29- German exports to Russia fell by more than 26 percent on the year in August, the sharpest fall since the financial crisis in 2009, according to data released on Wednesday which underlines the impact of Russia sanctions on Europe's biggest economy. Germany is Russia's biggest trading partner in the European Union but its exports to Russia already...

  • Deutsche Bank loses $116M in Q3, replaces CFO Wednesday, 29 Oct 2014 | 3:15 AM ET

    FRANKFURT, Germany— Deutsche Bank lost 92 million euros in the third quarter as the bank faced ongoing financial burdens from lawsuits, new regulations and its effort to shed risky past investments. Germany's biggest bank also said Wednesday that it would move its chief financial officer, Stefan Krause, to a new job in charge of strategy and replace him with a...