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  • Coal-rich Poland ready to block EU climate deal Thursday, 23 Oct 2014 | 7:31 AM ET

    WARSAW, Poland— European Union leaders meeting in Brussels to stamp their new, ambitious greenhouse gas emissions plan should prepare for unyielding opposition from coal-reliant Poland and some other East European countries who say their developing economies and electricity bills would suffer too much from the new target. Poland is ready to veto the plan...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by...

  • *Mercedes-Benz return on sales strongest for 3 yrs. FRANKFURT, Oct 23- Daimler AG lifted sales and profits at its core Mercedes-Benz luxury car division in the third quarter, showing how the group is narrowing the gap with rivals Audi and BMW. Daimler said on Thursday it still expected a significant rise in group core profit for 2014 and that sales of Mercedes-Benz...

  • European authorities aim to purge weak banks Thursday, 23 Oct 2014 | 6:22 AM ET

    FRANKFURT, Germany— Europe's biggest banks are facing a day of judgment as the European Central Bank prepares to unveil the results of a yearlong search through the dark corners of their finances. It's a step that comes none too soon for the struggling economy of the 18- country eurozone. The ECB becomes Europe's top banking supervisor in November, taking over...

  • Hungary to impose world's first internet tax Thursday, 23 Oct 2014 | 6:17 AM ET
    Budapest

    Hungary is preparing to impose the world's first tax on internet usage, the FT reports.

  • *Topic expected to be discussed at Geneva vaccines meeting. LONDON/ GENEVA, Oct 23- Drugmakers are looking for some kind of indemnity from governments or multilateral agencies against possible losses or claims arising from the widespread emergency use of new Ebola vaccines in Africa. While the issue will not delay the industry's ongoing work to accelerate...

  • Watchdog: many countries fall short on bribe rules Thursday, 23 Oct 2014 | 5:53 AM ET

    BERLIN— An anti-corruption watchdog says that several of the Group of 20 global economic powers are making little or no effort to enforce rules barring multinational companies from paying bribes abroad, and only Canada has improved significantly in the past year. The group said Thursday only the U.S., Germany, Britain and Switzerland are "actively" enforcing...

  • ZURICH, Oct 23- Credit Suisse reported stronger-than-expected third quarter profits on Thursday, bolstered by its investment bank, which benefited from a rise in bond-trading and fees from the multi-billion dollar listing of China's Alibaba. This marks a return to profit for the Zurich- based bank after it reported its biggest loss since the financial crisis...

  • *Safran says comfortable with profit target. PARIS, Oct 23- France's Safran posted solid third-quarter sales and said it would easily meet 2014 profit forecasts on Thursday, pushing its shares up as aerospace investors put aside recent concerns over the economy. Safran and GE are equal partners in CFM International, the world's largest maker of jet engines by...

  • *OPEC members unable to agree on cut. Growth in Chinese industry quickened to a three-month high in October, with the HSBC/ Markit manufacturing PMI rising to 50.4 from 50.2 in September. "Prices are back under pressure, and the stabilisation could be short-lived," said Carsten Fritsch, oil analyst at Commerzbank in Frankfurt.

  • *Topic expected to be discussed at Geneva vaccines meeting. LONDON/ GENEVA, Oct 23- Drugmakers are looking for some kind of indemnity from governments or multilateral agencies for the widespread emergency use of new Ebola vaccines in Africa. While the issue will not delay the industry's ongoing work to accelerate production and clinical testing of three...

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • Exporters fail on pledge to curb bribery - watchdog Thursday, 23 Oct 2014 | 4:00 AM ET

    *Transparency International says OECD convention largely ignored. BERLIN, Oct 23- Big exporting nations are breaking their pledge to fight corruption in global trade, with more than half of the countries that have signed an anti-bribery convention failing to implement it, a report by Transparency International showed on Thursday. The Berlin- based...

  • Unilever: prices falling in Europe, China weak Thursday, 23 Oct 2014 | 3:05 AM ET

    AMSTERDAM— Unilever PLC, the maker of consumer products including Dove soaps, Lipton teas and Ben& Jerry's ice cream, says it saw price deflation in Europe's largest markets in the third quarter. The company said it saw price deflation in many markets across Europe, including Germany, France and Britain. Unilever said growth is slowing in emerging markets.

  • Daimler net profit up 49 percent in 3rd quarter Thursday, 23 Oct 2014 | 2:34 AM ET

    Daimler AG on Thursday reported a net profit of 2.82 billion euros for the July-September period, a 49- percent rise from last year's 1.9 billion euros. Revenue rose to 33.12 billion euros from 30.1 billion euros. Daimler said it gained 1 billion euros in the quarter from the sale of its stake in Rolls-Royce Power Systems Holding.

  • Pernod Ricard growth returns, despite China slump Thursday, 23 Oct 2014 | 2:11 AM ET

    PARIS— Pernod Ricard SA, maker of Absolut vodka and Martell cognac, has returned to growth after Asian, Middle Eastern and African markets stemmed a monthslong slide, but sales in China continued to decline steeply. Sales dropped 9 percent in China, the biggest of the Asian markets. Europe, where a weak economy weighs heavily, saw sales decline 1 percent.

  • Credit Suisse Q3 profit more than doubles Thursday, 23 Oct 2014 | 2:05 AM ET

    GENEVA— Credit Suisse's profits more than doubled in the third quarter as Switzerland's second-largest bank benefited from cost cutting, brisk business in emerging markets and the services it provides for wealthy clients. The Zurich- based bank pleaded guilty in May to aiding U.S. tax evaders and agreed to pay about $2.6 billion to the U.S. government and...

  • Japan coal power plant export push hits U.S. resistance Thursday, 23 Oct 2014 | 12:13 AM ET

    *U.S. has challenged Japan coal-fired plant exports- source. *Japan pushing to triple infrastructure exports by 2020. Japan has been exporting equipment that cuts carbon dioxide output by burning coal more efficiently, but that does not go as far as more expensive technology designed to capture around 90 percent of carbon dioxide emissions that is slowly being...

  • DIARY - Top economic Events to Nov 4 Wednesday, 22 Oct 2014 | 8:01 PM ET

    Treasury Under Secretary David Cohen speaks on "Disrupting ISIL's Money Trail" before the Carnegie Endowment for International Peace in Washington- 1400 GMT. LONDON- Bank of England Deputy Governor Ben Broadbent gives a speech on monetary policy outlook to Society of Business Economists- 0805 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior...

  • Weatherford misses Street 3Q forecasts Wednesday, 22 Oct 2014 | 7:51 PM ET

    GENEVA _ Weatherford International Ltd. on Wednesday reported net income of $77 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Analysts expected $3.98 billion, according to Zacks.