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  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 22 Oct 2014 | 9:05 AM ET

    LONDON- European shares slip and the euro hit a one-week low as reports that at least 11 banks could fail a region-wide financial health check this weekend offset hopes of corporate bond buying by the ECB. MADRID/ VIENNA- The European Central Bank cautions against speculation over the outcome of its stress tests after a media report says at least 11 banks have...

  • *Q3 orders up 24 pct to $11.2 bln vs forecast $10.1 bln. The company, which makes products such as industrial robots and power grid transformers, said on Wednesday slowing growth in Europe, the Ebola health crisis in west Africa and political tensions across the globe all risked derailing more positive trends in the U.S. and Chinese economies.

  • *Orders rise 24 pct to $11.2 bln vs $10.1 bln poll f'cast. ZURICH, Oct 22- Swiss engineering group ABB posted a bigger-than-expected rise in third-quarter orders, helped by demand from the oil and gas industries, but said the outlook for the global economy was increasingly uncertain. The Zurich- based firm showed encouraging signs of increased order momentum at...

  • Oct 21- IBM's woes are interesting not simply because they tell us about the economy, but because they reveal broader truths about how, and for whom, companies are run. IBM kicked its 2015 operating earnings goal off the back of the truck on Monday, blaming an outright fall in third-quarter revenues on a sudden downturn in client spending. "We saw a marked slowdown in...

  • * "Russia has lost a true friend," Putin. Known as "The Big Moustache" for his bushy, grey moustache, de Margerie, 63, was the most charismatic and outspoken oil executive of his generation who cultivated relationships with leaders across Africa, the Middle East and Europe. An opponent of Western economic sanctions against Russia, the Frenchman was close to President...

  • GENEVA, Oct 21- India made no sign of dropping its veto on a global trade deal on Tuesday, forcing World Trade Organization chief Roberto Azevedo to announce a week of talks to try to chart the future direction of the Geneva- based body. Some diplomats had said a WTO meeting on Tuesday was the last chance for India to let a global trade deal go through or other countries...

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • *Weidmann says Germany does not need stimulus. RIGA/ VIENNA, Oct 17- European Central Bank policymakers clashed on Friday over what policy medicine to administer to the sickly euro zone economy, laying bare deep-seated tensions within the Governing Council. Bundesbank President Jens Weidmann said he saw no need for fiscal stimulus in Germany, rejecting a...

  • BUSINESS-NEWS-SCHEDULE AT 0830 GMT / 4.30 AM ET Friday, 17 Oct 2014 | 5:02 AM ET

    LONDON- World stocks hit a nine-month low but oil and southern European bonds are off their week's lows, as investors begin to dust themselves off after one of the most volatile spells in world markets in years. LONDON- The Bank of England may need to keep interest rates lower for longer than previously thought to reduce the chance of Britain's economy slipping...

  • UNITED NATIONS/ WASHINGTON, Oct 16- A United Nations trust fund seeking nearly $1 billion for rapid, flexible funding of the most urgent needs to fight Ebola in West Africa has received a deposit of just $100,000 nearly a month after it was set up. Since then $365 million has been committed to stop Ebola in Liberia, Sierra Leone and Guinea, which have been hit hardest...

  • Oct 16- The benefits of Novartis AG's anti-inflammation drug outweighed the risks in using it to treat a type of psoriasis, staff reviewers at the U.S. Food and Drug Administration said. There were no major safety issues associated with secukinumab, according to the review posted on the FDA website on Thursday- four days before a panel of outside advisers is...

  • UPDATE 2-New breast cancer drugs boost sales at Roche Thursday, 16 Oct 2014 | 5:20 AM ET

    *Q3 sales 11.78 bln Sfr vs 11.57 bln Sfr poll forecast. ZURICH, Oct 16- Swiss drugs firm Roche reported better than expected third-quarter sales on Thursday, boosted by a strong performance from its new breast cancer drugs. The Basel- based firm has launched a string of new expensive cancer drugs over the past two years, hoping that these improved versions of its...

  • VEVEY, Switzerland, Oct 16- Sales growth at Nestle, the world's biggest food group, slowed in the first nine months of the year as the company felt the impact of weakness in Asia and pricing pressures in Europe. Sales at the maker of KitKat chocolate bars and Nescafe coffee fell 3.1 percent to 66.2 billion Swiss francs in the nine months to September, as the strong...

  • FORT LAUDERDALE, Fla., Oct 15- A former top UBS executive on trial in South Florida for tax fraud was on a committee in charge of managing U.S. demands that the Swiss bank disclose secret offshore accounts, UBS's former head of cross-border business testified on Wednesday. Raoul Weil, 54, who headed wealth management at Zurich- based UBS until his indictment, is...

  • MUMBAI/ LONDON, Oct 15- India's Tata Steel Ltd is in talks to sell loss-making European operations including mills in northern England and Scotland to Geneva- based Klesch Group, as it battles weak prices and tentative economic recovery. Tata, Europe's second-largest steel producer, said in a statement it had agreed to negotiate with Klesch over its Long...

  • GENEVA/ WASHINGTON, Oct 14- India broke World Trade Organization rules by blocking imports of U.S. poultry and other agricultural products because of unsubstantiated bird flu fears, a WTO dispute panel ruled on Tuesday. India had claimed its import restrictions were justified by international rules on animal health, but the panel agreed with the United States...

  • Jury selection begins in Florida trial of UBS banker Tuesday, 14 Oct 2014 | 11:13 AM ET

    FORT LAUDERDALE, Fla., Oct 14- Jury selection began on Tuesday in the trial of a former high-ranking UBS bank executive, who is charged in South Florida with helping thousands of Americans avoid paying taxes by concealing up to $20 billion in secret Swiss bank accounts. Raoul Weil, 54, was the third-highest ranked executive at the Zurich- based wealth management...

  • *Voluntary guidelines determine how green a bond is. ZURICH, Oct 14- The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's investment chief told the Reuters Global Climate Change Summit. The supply of green bonds, a fixed-income security designed to raise capital for...

  • *Sonova presents new "dual-core chip" technology platform. ZURICH, Oct 14- Sonova, the world's biggest hearing aid maker, disappointed some analysts on Tuesday with a range of new products that can connect to mobile phones-- but not directly. "It had been speculated that Sonova's new product platform would have been based on the same technology as GN's, 2.4 gigahertz...

  • MIAMI, Oct 13- Former high-ranking UBS bank executive Raoul Weil goes to trial in Fort Lauderdale, Florida on Tuesday for allegedly helping thousands of Americans avoid paying taxes by concealing up to $20 billion in secret Swiss bank accounts. "We are preparing diligently for trial," said Weil's New York- based attorney, Aaron Marcu. Since 2009, the Justice...