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  • *Dow recovers from IBM earnings miss. NEW YORK, Oct 20- A measure of global equity markets rose on Monday after strong U.S. corporate results lifted Wall Street, despite a quarterly earnings miss from IBM, building on positive sentiment that grew out of a surge in Japanese shares. On Wall Street, IBM shares closed down 7.1 percent at $169.10.

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • *Euro rises vs dollar, yen despite weak German data. NEW YORK, Oct 20- Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. Treasury market and dollar, "said Paresh Upadhyaya,...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy economic...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude fell below $86 a barrel on Monday as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy...

  • *OPEC ministers to meet in Vienna on Nov. 27. CALGARY, Alberta, Oct 20- Brent crude resumed its decline on Monday, dropping below $86 a barrel as nagging concerns about abundant supply and sluggish demand pushed the global oil benchmark back down toward a four-year low hit last week. Oil prices are down more than 25 percent since June on concern about a saturated...

  • Report oil found in Paraguay; gov't cautious Monday, 20 Oct 2014 | 12:26 PM ET

    ASUNCION, Paraguay— A British energy company said on Monday that it made its first major oil discovery in Paraguay's Chaco Basin, though the government said it's too soon to tell if the find is commercially viable. Shares of London- based President Energy doubled after the oil explorer announced the discovery of light oil in the Lapacho well some 280 miles north...

  • LONDON, Oct 20- The Hong Kong stock exchange said it aimed to create a link to trade commodities with mainland China by adapting a share trading system with the Shanghai Stock Exchange that is on the cusp of going live. No firm date has been announced for the launch of the link between HKEx and the Shanghai exchange, but sources have told Reuters it is due to begin on...

  • LONDON, Oct 20- Portuguese government bond yields jumped on Monday as financial concerns over one of the country's largest listed companies and the approaching bankruptcy of the Espirito Santo family shook investor confidence in the fragile peripheral economy. The liquidation of the assets of Espirito Santo holding company Rioforte virtually ensures...

  • NEW YORK, Oct 20- Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. Treasury market and dollar, "said Paresh Upadhyaya, portfolio manager, director of currency strategy at...

  • NEW YORK, Oct 20- Equity markets worldwide edged higher on Monday, lifted by gains in Japanese shares, while mixed performance in U.S. stocks after IBM's quarterly results disappointed helped keep safe-haven U.S. While European technology shares sagged and the IBM results weighed on the Dow, Japan's Nikkei average surged 4 percent, underpinned by news that...

  • LONDON, Oct 20- Sterling rose against the euro and the dollar on Monday, as traders bought it after last week's sharp losses, with its near-term direction set to be dictated by UK growth data. Third-quarter gross domestic product numbers on Friday could provide some support for the currency, which has been plagued by increasing doubts in the solidity of Britain's...

  • Oct 20- Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. More than 65 percent of Arysta's sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia.

  • FOREX-Yen recovers ground as European stocks fall Monday, 20 Oct 2014 | 8:29 AM ET

    LONDON, Oct 20- The yen recovered some ground against the dollar on Monday as worries about global growth persisted, making investors wary of riskier assets. The European Central Bank, meanwhile, said it had started buying covered bonds, opening a new front in its battle to revive the euro zone economy and keep deflation at bay. The euro held up, and was 0.1 percent...

  • UPDATE 4-Oil slips below $86 on global oversupply Monday, 20 Oct 2014 | 7:58 AM ET

    *OPEC ministers due to meet in Vienna on Nov. 27. Abundant global oil supplies, particularly of very high quality, light oil, coupled with a gloomy economic outlook from Europe to China pushed Brent last week below $83, to its lowest since 2010. Oil prices are down more than 25 percent since June. Saudi Arabia, Kuwait and Iran have all indicated reluctance to change...

  • The MSCI world equity index, which tracks shares in 45 countries, was up 0.3 percent by 1030 GMT, having fallen about 10 percent in four weeks to last week's lows. "U.S. macro data is reassuring, the earnings season has been quite good so far, and we're getting positive news such as Japan's big pension fund boosting its exposure to equities." Japan's $1.2 trillion...

  • Sterling a touch higher, eyes on data, dollar Monday, 20 Oct 2014 | 5:26 AM ET

    LONDON, Oct 20- Sterling inched higher against the euro and the dollar on Monday, with its near-term direction set to rest on a round of UK data releases and whether this week sees a revival of a broader dollar rally. "There may be some support from the GDP numbers on Friday," said Jane Foley, a strategist with Rabobank in London. "But the message from the Bank of England's...

  • The MSCI world equity index, which tracks shares in 45 countries, was up 0.3 percent by 0821 GMT. MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.2 percent overnight as an upbeat survey of U.S. consumer sentiment on Friday brought some calm to markets after a week of turbulence. The Thomson Reuters/ University of Michigan index of consumer...

  • Wall Street rallied and U.S. The greenback got an extra boost against the yen on reports that Japan's $1.2 trillion Government Pension Investment Fund will significantly increase its allocation for stocks and boost its foreign asset holdings, in turn spurring demand for foreign currencies. "There are a number of factors providing some support for risk at the...

  • SYDNEY/ LONDON Oct 20- As metals executives fly into London for the industry's most glamorous week, its best years may be over as sinking metals prices and rising costs tear holes in budgets, and the industry epicentre heads east. For decades, heavyweights in the metals business have met in London each October to hammer out the ensuing year's terms of trade, based...