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  • Cuba's oil hopes hit by another unsuccessful well Friday, 2 Nov 2012 | 10:33 AM ET

    *Scarabeo 9 drilling rig leaving Cuba for West Africa. Communist Party newspaper Granma reported that a well drilled off western Cuba by Venezuelan state oil company PDVSA had been plugged because it ``did not offer possibilities of commercial exploitation.''.

  • *Poland's MPC expected to cut at Nov. 7 meeting by quarter point. WARSAW, Nov 2- Following a surprise cut in interest rates in the Czech Republic and three reductions in Hungary in as many months, officials in the EU's biggest eastern economy, Poland, should finally bow to expectations and begin an easing cycle next week.

  • Reuters World News Highlights at 0945 GMT, Nov 02 Friday, 2 Nov 2012 | 10:00 AM ET

    BEIJING- Potentially sinister threats to China's ruling Communist Party sit unnoticed in cages perched on a rooftop above a small alleyway in southwestern Beijing.

  • Fishing thwarts Antarctic marine sanctuary idea Friday, 2 Nov 2012 | 9:43 AM ET

    At a meeting in Australia, the United States and New Zealand were rebuffed after submitting a joint proposal to protect the Ross Sea, which is considered one of the most pristine oceans in the world. But at the Australian meeting, some nations, including Russia, the Ukraine and China, balked at the proposal.

  • *Economy contracts in Q3, for the first time since 2009. KIEV, Nov 2- Ukrainian President Viktor Yanukovich's ruling party finds itself with a small window of opportunity to carry out painful but badly needed changes to streamline the economy.

  • MEXICO CITY, Nov 1- World finance chiefs this weekend will press the United States on how it can prevent its fiscal problems from hitting the global economy and will seek reassurance from Europe that it has a grip on its debt crisis.

  • INSIGHT-Putin's Russia: more fragile than it looks Thursday, 1 Nov 2012 | 7:48 PM ET

    *Exodus of talent and money from Russia. Russia is exporting three things in great quantity, says a leading Moscow banker: natural resources, capital and people. Only the first could be regarded as healthy and sustainable; the other two imply that oligarchs and ordinary citizens alike are turning their back on Putin's Russia.

  • *Q3 sales $13.98 billion vs forecast of $14.64 billion. Nov 1- Pfizer Inc on Thursday posted quarterly revenue well below Wall Street expectations, as sales of the pharmaceutical company's Prevnar pediatric vaccine disappointed and emerging market revenue dropped sharply.

  • *Q3 sales $13.98 billion vs forecast of $14.64 billion. Nov 1- Pfizer Inc on Thursday posted quarterly revenue well below Wall Street expectations, as sales of the pharmaceutical company's Prevnar pediatric vaccine disappointed and emerging market revenue dropped sharply.

  • Nov 1- Estée Lauder Cos Inc scaled back the top end of its full-year forecast for sales Thursday amid uncertainty in some key markets, and said it expects poor demand in Europe to persist. While sales growth was strong in the United States and China, Europe was a drag in the last quarter, with France, Spain, Russia and Switzerland showing declines.

  • *Company hopes to cut costs by $400 million/ yr within 3 years. Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday and announced measures to cut hundreds of millions of dollars in costs in the next few years as its new chief executive officer continues to work on a turnaround.

  • WASHINGTON, Nov 1- The International Monetary Fund said on Thursday financing issues remained the main obstacle for debt-laden Greece to receive more bailout money from its international lenders.

  • BUSINESS-NEWS-SCHEDULE AT 1430 GMT / 1030 AM ET Thursday, 1 Nov 2012 | 2:58 PM ET

    Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).

  • MOSCOW, Nov 1- Rosneft more than doubled its cash reserves in the third quarter, as the state-owned Russian oil firm bolsters its finances ahead of its $55 billion acquisition of Anglo-Russian oil producer TNK-BP. ``It is always like this,'' said Vitaly Kruykov from brokerage IFD Kapital. ``The company had been accumulating cash... in this case for TNK-BP.''.

  • *Profit excluding items 79 cents/ share vs Street view 77 cents. Shares of New York- based Estee Lauder fell 2.6 percent to $60 in premarket trading. Revenue in the fiscal first quarter rose 2.9 percent to $2.55 billion, dragged down by disappointing sales in Europe that included decreases in key markets like Russia and France.

  • UPDATE 1-Avon slashes dividend as profit plunges Thursday, 1 Nov 2012 | 11:44 AM ET

    Nov 1- Avon Products Inc slashed its dividend by nearly 74 percent on Thursday, while also announcing measures to cut costs by at least $400 million within three years and reporting a steep plunge in third-quarter earnings.

  • BUSINESS-NEWS-SCHEDULE AT 0930 GMT / 05.30 AM ET Thursday, 1 Nov 2012 | 9:54 AM ET

    BEIJING/ LONDON- Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released that showed renewed vim from China's factory sector and a rebound in South Korean exports (GLOBAL-ECONOMY/PMIS,, moved, by Lucy Hornby and Se Young Lee, 950 words).

  • REUTERS WORLD NEWS OUTLOOK Thursday, 1 Nov 2012 | 8:30 AM ET

    BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.

  • WRAPUP 1-France, Britain set stage for EU budget wrangling Wednesday, 31 Oct 2012 | 10:44 PM ET

    *France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Nov 1- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.

  • *France objects to proposed farm subsidy cuts. BRUSSELS/ LONDON, Oct 31- British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1 trillion euro long-term spending plan.