Apostolos Bantis, credit analyst at Commerzbank, says S&P's downgrade of Russia does not have systemic risks for the country's bonds.» Read More
Germany's economy, which was worth a little under 2.6 trillion last year, in comparison with the U.S.' s 12 trillion, has seen two consecutive years of robust growth. But the Economy Ministry last week cut its growth forecast for 2013 to 1 percent from 1.6 percent, though increased this year's outlook slightly from 0.7 percent to 0.8 percent.
WASHINGTON, Oct 25- China has lost $3.79 trillion over the past decade in money smuggled out of the country, a massive amount that could weaken its economy and create instability, according to a new report.
BUENOS AIRES, Oct 25- Floods have severely delayed Argentine soy planting at a time when consumer nations are counting on the country to help control soaring grains prices by replenishing supplies, a key grains exchange said on Thursday.
MOSCOW, Oct 25- The Kremlin on Thursday dismissed talk that Russian President Vladimir Putin has a back problem that prompted him to postpone foreign visits and might require surgery. Putin, who began a six-year presidential term in May and turned 60 on Oct. 7, was seen to be limping at an Asia-Pacific summit in the Pacific port of Vladivostok in early September.
NOVO OGARYOVO, Russia, Oct 25- President Vladimir Putin flatly rejected on Thursday Western criticism of the imprisonment of the Pussy Riot punk protest band, saying its three female members deserved their fate because they threatened the moral foundations of Russia.
*Conoco 2012 spending seen at $15.5 billion- $16 billion. Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits.
*Adjusted loss 5 cents/ share vs Street view loss 7 cents. Oct 25- Fashion company Fifth& Pacific Cos Inc on Thursday said sales at its struggling Juicy Couture brand are improving so far this quarter and gave an encouraging holiday sales forecast for all three of its major brands, sending its shares up 11.4 percent.
*Eyes on next week's Bank of Japan policy meeting. NEW YORK, Oct 25- Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy.
MEMPHIS, Tenn.-- International Paper Co. said Thursday its third-quarter net income dropped by nearly half as it rang up charges for restructuring and for absorbing smaller rival Temple-Inland. Excluding special items and charges, International Paper said it earned $330 million, or 75 cents per share, in the latest quarter.
NEW YORK-- Burger King Worldwide Inc. reports its third-quarter results Monday, which should give investors another snapshot on the chain's efforts to refresh its outdated image in the U.S. while expanding overseas. In April, Burger King unveiled its biggest ever menu revamp, along with a star-studded advertising campaign.
LONDON, Oct 25- International oil company BP, weakened and distracted by its troubles in the United States and Russia, is in danger of losing touch with the leaders in an industry where strength and focus yield the richest pickings. ``I can't help thinking they've sort of lost their way.'' Everywhere you look, they're falling behind, `` said a senior executive of one rival this week.
Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits. Conoco had record output in the Eagle Ford basin in south Texas, while Occidental saw strong production of higher-priced crude oil in the Permian Basin.
Wheat was down 0.5 percent, erasing earlier gains due to a lack of buying interest following Wednesday's nearly 2 percent price rally in response to news Ukraine would ban wheat exports from Nov. 15.
Chief Financial Officer Clay Williams characterized it as North America playing defense, while the rest of the world played offense. He said the company was building out facilities in Brazil, while selling more well stimulation equipment into the Middle East, China and Russia.
LONDON-- Ford pressed ahead Thursday with its plan to slash production in Europe, announcing another plant closure and 1,500 more job cuts, as it warned that annual losses in the region will exceed $1.5 billion this year and next.
*Eyes on next week's Bank of Japan policy meeting. Spot gold was up 0.8 percent at $1,714.36 an ounce at 1034 GMT, bouncing off Wednesday's seven-week low of $1,698.39, while U.S. gold futures for December delivery were up $14.90 an ounce at $1,716.50.
*Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. *Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.
*Strong demand for cleaning, hair and skin products in China. LONDON, Oct 25- Unilever's quarterly sales growth beat forecasts as demand for cleaning and personal care products in China helped the consumer goods group outshine larger rival Nestle.
LONDON-- Carmaker Ford announced Thursday it will cut 1,500 jobs in Britain, closing a plant and eliminating a stamping and tooling facility, as it warned that losses in Europe will exceed $1.5 billion this year. Ford Motor Co., which on Wednesday announced the closure of another plant in Brussels, is struggling in Europe, as are many major carmakers.
*Q3 sales fall 19 pct to $6.68 bln vs consensus $6.75 bln. Core EPS $1.51 vs consensus $1.44; full-year outlook held. LONDON, Oct 25- AstraZeneca's sales slumped by a bigger-than-expected 19 percent in the third quarter, underscoring the challenges confronting the drugmaker's new chief executive, Pascal Soriot.