*China's top two insurers climb after strong earnings. HONG KONG, Oct 28- Hong Kong shares rebounded from a seven-week low in lackluster volumes early on Monday, led by some financial and energy counters after the weekend brought upbeat quarterly earnings. The Hang Seng Index, which ended Friday at its lowest since Sept. 6, climbed 0.5 percent at 22,807.1 points.
HONG KONG, Oct 28- Hong Kong shares may start higher on Monday after a top Chinese leader reportedly promised "unprecedented" economic and societal reforms at the Communist Party's much anticipated plenum meeting next month. China Telecom, Anhui Conch Cement and COSCO Pacific are among companies due to report quarterly earnings later in the day.
RIO DE JANEIRO, Oct 25- Brazil's state-run oil company, Petrobras, said on Friday that quarterly profit fell 39 percent from a year ago as rising exploration and administrative costs drove up spending while fuel subsidies and weak production growth hurt revenue.
Dan Veru, Palisade Capital Management, says profits are slowly picking up momentum, and Peter Costa, Empire Executions, weighs in.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.
CHICAGO, Oct 25- Soren Schroder is shaking up Bunge Ltd five months after taking the helm of the 195- year-old agricultural trading house. On Thursday, Schroder told a quarterly earnings call that the status quo was unacceptable for Bunge's loss-making Brazilian sugar milling business and that he will explore options, including a sale, for the business.
What to watch for in the earnings data of Biogen, Apple and Seagate on Monday, with CNBC's Melissa Lee, Jackie DeAngelis and Dominic Chu.
UPS delivered in the third quarter thanks to e-commerce and international growth. Kurt Kuehn, UPS CFO, explains what drove the business.
In his daily CNBC.com-only video clip, Art Cashin of UBS talks with Bob Pisani about the stock market's modest gain despite big drops in Asia and Europe.
*Volvo and Electrolux slip after earnings reports. LONDON, Oct 25- European equities ended slightly lower on Friday, with Telecom Italia leading the telecoms sector down on concerns of a capital hike by the Italian company and Volvo hurting industrials after reporting a sharp drop in profits.
CNBC's Melissa Lee, Dominic Chu, and Jackie DeAngelis dissect the numbers on Zynga, Deckers, and Western Digital.
John Faucher, JPMorgan, says P&G results were generally pretty solid. Investors are focused on organic revenue growth, he adds.
*Volvo and Electrolux slip after earnings reports. LONDON, Oct 25- European equities edged lower on Friday, with Telecom Italia leading the telecoms sector down on concerns about a capital hike by the Italian company and Volvo hurting industrials after reporting a sharp drop in profits.
Oct 25- Asset manager Legg Mason Inc on Friday said its quarterly profit rose 7 percent compared with a year ago as assets and performance fees rose, but reported an outflow of investor cash from its equity funds.
JOHANNESBURG, Oct 25- South Africa's African Bank Investments issued its second profit warning in five weeks on Friday, flagging a 90- percent plunge in full-year earnings due in part to rising bad debts among its core market of low income borrowers.
In the wake of UPS posting big quarterly profits, Arthur Hatfield, Raymond James and Donald Broughton, Avondale Partners, give their views on the delivery company's strong performance.
*Earnings of $1.28 a share vs. Oct 25- U.S. aviation electronics supplier Rockwell Collins Inc reported a lower-than-expected quarterly profit on Friday, hurt by weaker defense sales, and its shares fell more than 3 percent. Rockwell Collins is counting on commercial demand to fuel growth as the United States pares defense spending.
Microsoft earnings beat 3Q estimates. Rick Sherlund, Nomura Securities, says "things have not changed radically in the PC market; they're just a little less bad."
For Amazon it's all about top-line growth, despite posting a loss for the third consecutive quarter, shares of the e-retailer are trading higher, reports CNBC'S Courtney Reagan.
Oct 25- Newell Rubbermaid Inc topped Wall Street's profit estimates for the third quarter on tight cost controls and strength in Latin America, and offered more cash to shareholders through a $350 million accelerated share repurchase plan, sending its shares up 2 percent at the open of trading on Friday.