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  • *Insurers face $800 mln bill; outstrips $60- $90 mln premiums. *Follows downing of MH17 over Ukraine, other incidents. The hefty bill dwarfs the $60- $90 million in income insurers received last year to cover the incidents, which have included the downing of Malaysia Airlines' MH17 passenger jet in Ukraine, and could mean some bow out of the market if the price...

  • LONDON, Oct 21- Nigeria's sovereign wealth fund said its investment programme over the next six months, including on infrastructure, will go ahead, even as revenues that provide its capital are hit by falling oil prices. Uche Orji, Chief Executive of the Nigeria Investment Authority, highlighted one of the vehicle's core aims is to manage oil export windfalls to...

  • LONDON, Oct 21- Gold hit a six-week high on Tuesday on concerns over a global economic slowdown after China's growth eased in the third quarter and as European Central Bank insiders flagged new measures to support growth. It was up 0.5 percent at $1,252.70 by 1342 GMT, while U.S. gold futures were up $8.50 an ounce at $1,253.20. "Sentiment is good," ABN Amro analyst...

  • *European shares surge on report ECB to buy corporate bonds Wall Street to start up, earnings from Coca Cola, McDonalds due. LONDON, Oct 21- European shares got a major lift while the euro and the region's bond yields fell on Tuesday after European Central Bank insiders told Reuters the bank was readying a plan to buy corporate bonds. Traders had already been giving a...

  • BRUSSELS, Oct 21- European Union antitrust regulators are set to fine JPMorgan, UBS and Credit Suisse collectively over $115 million for rigging Swiss franc LIBOR benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of Scotland alerted the European Commission to the wrongdoing and so would not be penalized for its own role in the...

  • FOREX-Euro sinks on hint ECB will buy corporate bonds Tuesday, 21 Oct 2014 | 7:17 AM ET

    LONDON, Oct 21- The euro fell more than half a cent against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the euro zone economy. "It increases the potential scale of the purchases the ECB will be able to make if they extend out into the corporate bond market,"...

  • *China implied oil demand up 6.2 pct to 10.3 mln bpd in September. LONDON, Oct 21- Brent crude oil held near $86 a barrel on Tuesday on news of robust Chinese oil demand, although gains were capped by oversupply and concerns over the health of the rest of the global economy. "Oil is up in reaction to the Chinese demand figures," said Tamas Varga, analyst at London brokerage...

  • LONDON, Oct 21- Sales growth at consumer goods maker Reckitt Benckiser slowed more sharply than expected in the third quarter, hit by sluggish Western economies and cooling emerging markets. "Growth has not yet returned to developed markets and emerging markets in aggregate are weaker," Chief Executive Rakesh Kapoor said, citing places such as Thailand,...

  • LONDON, Oct 21- British online fashion retailer ASOS believes it can reach its target of 2.5 billion pounds in annual sales by 2020, with price cuts helping to reignite growth after three profit warnings this year. Shares in ASOS, which had lost two-thirds of their value this year following a procession of bad news, jumped as much as 19 percent on Tuesday on signs...

  • *Debut $400 million Eurobond in 2013 oversubscribed. LONDON, Oct 21- Rwanda still plans to launch another Eurobond to fund infrastructure projects in the fast-growing economy, though the size and timing of it is still being worked out, Finance Minister Claver Gatete said. Rwanda will also continue its quarterly issuance of local bonds in 2015 to deepen its...

  • *China growth slows, but economy grew slightly more than expected. LONDON, Oct 21- A two-day rebound in global shares slowed and the dollar edged lower on Tuesday, as slightly above forecast Chinese growth data failed to erase concerns that the world's second-biggest economy is losing momentum. The Australian dollar, often seen as a liquid proxy of Chinese growth...

  • UPDATE 3-Oil climbs to $86 as China oil demand rises Tuesday, 21 Oct 2014 | 4:11 AM ET

    *China implied oil demand up 6.2 pct to 10.3 mln bpd in September. *China Q4 GDP growth at 7.3 pct, weakest since 2008/ 09 crisis. "Oil is up in reaction to the Chinese demand figures," said Tamas Varga, analyst at London brokerage PVM Oil Associates.

  • LONDON, Oct 21- World No. 1 copper producer Codelco will announce the results of a projects review in the coming months, including whether there are any delays to its ambitious-- but vital-- multi billion-dollar growth plan, its chairman told Reuters. "Our commitment is if we have to give bad news, we are going to give it straight away to the people of Chile who own this...

  • Total CEO dead in runway crash; plow driver drunk Tuesday, 21 Oct 2014 | 3:08 AM ET

    MOSCOW— Christophe de Margerie, the charismatic CEO of Total SA who dedicated his career to the multinational oil company, was killed at a Moscow airport when his private jet collided with a snowplow whose driver was drunk, Russian investigators said Tuesday. Tatyana Morozova, an official with the Investigative Committee, Russia's main investigative agency,...

  • UPDATE 1-Strong British pound hits ASOS annual profit Tuesday, 21 Oct 2014 | 2:32 AM ET

    LONDON, Oct 21- British online fashion retailer ASOS posted a 14 percent fall in annual profit, partly due to the strength of sterling hitting sales growth overseas. During the year ASOS also had to cope with the need for major investment in its warehousing, a fire at its Barnsley, northern England, warehouse in June and the launch of its new business in China.

  • ASOS annual profit falls 14% on strong pound Tuesday, 21 Oct 2014 | 2:20 AM ET

    British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.

  • Stocks rise, helped by Chinese data, Apple results Tuesday, 21 Oct 2014 | 1:43 AM ET

    LONDON— European stocks rebounded Tuesday after figures showed China's economic growth slowed less than feared. The FTSE 100 index of leading British shares up 0.9 percent at 6,323 while Germany's DAX rose 1.4 percent to 8,843 and the CAC-40 in France spiked 1.7 percent to 4,058. Futures pointed to gains on Wall Street, with the Dow Jones industrial average...

  • *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,...