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  • LONDON, Oct 30- "Who's got all the copper?" The answer, according to the Wall Street Journal, is Red Kite, the specialist metals hedge fund set up by Michael Farmer, a man who was trading the copper market before many younger readers were born. Today's LME dominant positions report WHL> shows one entity owning 80 to 90 percent of "live" copper tonnage in the LME warehouse...

  • *Rouble moves sharply higher in nervy trade. MOSCOW, Oct 30- The rouble jumped on Thursday, bouncing off an all-time low against the dollar amid market talk of possible central bank intervention ahead of a monetary policy meeting and rumours of a deal with Ukraine over Crimea. Traders in Moscow and London said the rouble's recovery was driven by a report by...

  • *Bank makes provision to settle UK, US foreign exchange probes. LONDON, Oct 30- Barclays Plc set aside 500 million pounds in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. Barclays is one of six banks in talks with UK regulators to pay about 1.5...

  • MOSCOW, Oct 30- Russia's rouble strengthened sharply against both dollar and euro early on Thursday afternoon, with traders citing a Ukrainian news agency report of an unofficial deal between Russia and Ukraine on the future status of Crimea. Several traders in Moscow and London cited an article citing the UNIAN agency that President Vladimir Putin and...

  • *Dollar, yields jump after Fed ends QE. LONDON, Oct 30- The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Asian shares mostly fell, following a slight decline on Wall Street overnight.

  • Barclays sets aside $805 million in rigging probe Thursday, 30 Oct 2014 | 5:27 AM ET

    LONDON— Barclays, Britain's second biggest bank by assets, set aside 500 million pounds on Thursday to cover possible penalties amid international probes into the alleged manipulation of foreign exchange markets. The provision amount is greater than the 290 million pound fine Barclays paid for its role in rigging the London interbank offered rate, or Libor, a...

  • *Central bank has spent more than $20 bln defending rouble. MOSCOW, Oct 30- The rouble hit a new low of more than 43 to the dollar on Thursday, as speculation grew that the Russian central bank will let the rouble float freely when it meets on Friday and as comments by the U.S. "The market is now expecting the central bank to announce the rouble free float at tomorrow's...

  • LONDON, Oct 30- Royal Dutch Shell quarterly profit rose by almost a third, beating forecasts and adding to what has been a robust three months for European oil majors, who have yet to feel the full impact of a sharp drop in oil prices. Europe's biggest oil company by market value also said it had appointed former banker Charles Holliday as its chairman.

  • Asia stocks meander after Fed ends stimulus Thursday, 30 Oct 2014 | 12:04 AM ET

    HONG KONG— Asian stock markets meandered Thursday while the dollar strengthened against other currencies after the Federal Reserve said it will end its stimulus program, as many had expected. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.5 percent to 15,636.60 while South Korea's Kospi lost 0.5 percent to 1,950.26. Thus, markets began to bring back...

  • HONG KONG, Oct 30- China financial institutions are rushing to expand their business beyond Hong Kong, aiming to broaden their investor base to Europe and the United Staets with yuan products. Asset manager GF International Investment Management told Reuters on Monday in an interview that it was looking to set up offices in New York and London next year to...

  • DIARY - Top Economic Events to Nov 12 Wednesday, 29 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen gives welcome remarks before the "National Summit on Diversity in the Economics Profession" conference hosted by the Federal Reserve- 1300 GMT. WASHINGTON- Exploring New Approaches to Trade, Investment and Jobs Conference. Commerce Secretary Penny Pritzker, Canadian Trade Minister Ed Fast and Mexico Economy...

  • *Current low oil prices do not reflect fundamentals, OPEC says. Benchmark Brent crude oil for December settled up $1.09 at $87.12 a barrel, after touching an intraday high of $87.94. "I think the numbers are supportive, and suggest there's no big surplus of oil forming in any place," said Dominick Chirichella, senior partner at the Energy Management Institute in New...

  • *Resupply vehicle reaches space station from Kazakhstan. WALLOPS, Va./ CAPE CANAVERAL, Fla., Oct 29- A uthorities on Wednesday started investigating what caused an unmanned U.S. supply rocket to explode in a fireball moments after liftoff from a Virginia launch pad, destroying supplies and equipment bound for the International Space Station.

  • *Dollar snaps higher after Fed signals underlying economic strength. NEW YORK, Oct 29- The U.S. dollar surged higher on Wednesday after the Federal Reserve signaled confidence the U.S. economic recovery remained on track while investors started to bet on an interest rate increase sooner than previously expected. It didn't seem to imply there was any real delay...

  • LONDON, Oct 29- Anyone betting on another "Great Rotation" of investment flows out of bonds and into stocks is in for disappointment: it's not happening, and isn't going to. "The equity cult and the bond cult can live side by side," according to Citi. U.S. mutual funds' net investment flows in stocks over a five-year rolling period troughed at round $550 billion net outflow...

  • NEW YORK, Oct 29- U.S. stocks were mixed, while the dollar and government bond yields rose on Wednesday, after the Federal Reserve announced the end of its stimulus program in a statement that also noted the improvements in the U.S. labor market. The Fed, as expected, said it will no longer add to its holdings of Treasury bonds and mortgage-backed securities,...

  • *Cites as example UK repealing stamp duty on growth stocks. LONDON, Oct 29- European countries should change their tax rules to encourage investment in small businesses, the head of the London Stock Exchange said, as a sector crucial to the region's revival is starved of cash by banks. To counter this, London Stock Exchange Group Chief Executive Xavier Rolet said...

  • *BBVA leads euro zone bank selloff after result miss. LONDON, Oct 29- Southern European shares lagged small gains in pan-European indexes on Wednesday as weak results from heavyweight bank BBVA offset optimism ahead of a Federal Reserve's policy announcement. Spanish bank BBVA fell 4.1 percent as it reported a lower-than-expected net profit for the first...

  • UPDATE 6-French drugmaker Sanofi sacks CEO, shares drop Wednesday, 29 Oct 2014 | 12:36 PM ET

    *Sanofi board says not changing company's strategy. PARIS, Oct 29- Sanofi's board ousted its chief executive of six years on Wednesday, criticising him for an authoritarian management style that was often popular with investors as he lifted the French drugmaker onto the global stage. Sanofi said it would continue the international expansion pursued under...

  • METALS-Higher stocks pull nickel back from two-week peak Wednesday, 29 Oct 2014 | 12:25 PM ET

    *Copper dips on caution ahead of Fed meeting. LONDON, Oct 29- Nickel hit two-week highs on Wednesday on concern about declining ore stocks in China but later pared gains as rising inventories showed metal was still available. Three-month nickel on the London Metal Exchange rose 2.3 percent on Wednesday to a session peak of $15,900 a tonne, the strongest since Oct....