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  • Violence breaks out at Greek anti-austerity demo Thursday, 18 Oct 2012 | 6:39 AM ET

    Authorities said around 70,000 protesters took to the street in two separate demonstrations in Athens during the country's second general strike in a month as workers across the country walked off the job to protest new austerity measures the government is negotiating with Greece's international creditors.

  • Markets steady in run-up to EU summit Thursday, 18 Oct 2012 | 6:36 AM ET

    LONDON-- Markets were largely steady Thursday, after solid gains this week, on signs that China's economy is not slowing as quickly as feared, the U.S. is recovering and Spain will soon request a bailout.

  • Spain raises $6.04 bln in successful debt sale Thursday, 18 Oct 2012 | 5:58 AM ET

    MADRID-- Spain has raised 4.6 billion at a sharply lower cost amid growing expectations that the cash-strapped country will soon make a request for international help to deal with its finances. The Treasury sold 1.51 billion in 10- year bonds Thursday at an average interest rate of 5.46 percent, down from 5.66 percent in the last such auction Sept. 20.

  • Merkel backs EU budget control, new fund Thursday, 18 Oct 2012 | 5:39 AM ET

    BERLIN-- German Chancellor Angela Merkel endorsed a proposal for a top European Union official to be given the power to veto member governments' budgets, and suggested Thursday that the bloc could set up a new fund to finance projects in struggling countries.

  • Portugal's coalition govt averts political crisis Thursday, 18 Oct 2012 | 5:36 AM ET

    LISBON, Portugal-- The junior party in bailed-out Portugal's coalition government has ended days of political tension by endorsing a plan for severe tax increases next year, ensuring the new austerity measures are approved in Parliament.

  • World stocks rise on US, China recovery signs Thursday, 18 Oct 2012 | 5:17 AM ET

    BANGKOK-- Stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Merkel backs calls for budget control Thursday, 18 Oct 2012 | 4:12 AM ET

    BERLIN-- German Chancellor Angela Merkel is endorsing a proposal for a top European Union official to be given the power to veto member countries' budgets, and is suggesting the bloc could set up a fund to finance projects in struggling countries. Merkel addressed Germany's Parliament ahead of an EU summit starting Thursday.

  • Russian govt downplays Rosneft expansion concerns Thursday, 18 Oct 2012 | 3:08 AM ET

    MOSCOW-- Russia on Thursday downplayed concerns that Rosneft's possible purchase of BP's stake in the joint venture TNK-BP, which analysts say would reshape the country's oil industry and create the world's biggest oil and gas company, is likely to threaten competition.

  • First oil nears for Kazakhstan's supergiant field Thursday, 18 Oct 2012 | 3:03 AM ET

    KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • Emerging markets give Nestle a Q3 sales boost Thursday, 18 Oct 2012 | 3:01 AM ET

    GENEVA-- Strong growth in emerging markets helped Swiss food and drink giant Nestle SA post an 11 percent increase in sales for the first nine months of 2012.. The Vevey- based group said Thursday that sales rose to 67.6 billion Swiss francs through September, up from 60.9 billion francs in the same period last year.

  • Akzo Nobel reports $3.11B loss in third quarter Thursday, 18 Oct 2012 | 2:43 AM ET

    AMSTERDAM-- With its new CEO on an extended sick leave, Dutch chemicals conglomerate Akzo Nobel NV reported Thursdsay a 2.37 billion loss in the third quarter after taking a massive impairment charge on its home paints business.

  • Nestle posts 11 percent increase in 3Q sales Thursday, 18 Oct 2012 | 1:40 AM ET

    GENEVA-- Buoyed by growth in emerging markets, Swiss food and drink giant Nestle SA on Thursday posted an 11 percent increase in sales for the first nine months of 2012..

  • Asia stocks rise on US, China recovery signs Thursday, 18 Oct 2012 | 1:30 AM ET

    BANGKOK-- Asian stock markets rose Thursday after an unexpectedly strong U.S. housing report renewed confidence in the world's biggest economy and the latest data from China suggested the worst of its slump is over.

  • Europe's leaders to focus on strengthening banks Thursday, 18 Oct 2012 | 1:02 AM ET

    BRUSSELS-- European leaders are gathering again in Brussels to discuss how to save the euro currency from collapse and support countries facing too much debt and not enough growth. The leaders of the 27 countries that make up the European Union will discuss how to support their banks, one part of the crisis.

  • Isis trading halts as FDA reviews key drug's risks Thursday, 18 Oct 2012 | 12:58 AM ET

    Drug developer Isis Pharmaceuticals Inc. and partner Genzyme said Thursday a panel of advisers to the Food and Drug Administration had voted 9 to 6 to recommend approval of Kynamro, for treating patients genetically predisposed to have sky-high LDL, or bad cholesterol. The FDA is not bound to follow recommendations of its advisers, but usually does so.

  • Stolen art can be burden without connections Thursday, 18 Oct 2012 | 12:34 AM ET

    PARIS-- The burglars dashed out the back door with seven masterworks, then sped on screeching tires into the night. If the thieves who robbed Rotterdam's Kunsthal exhibition this week don't have a plan, the stolen art could quickly become a burden.

  • British lawmakers in new clash over expenses Thursday, 18 Oct 2012 | 12:25 AM ET

    LONDON-- Campaigners say British lawmakers are headed for another clash over their expenses _ three years after six legislators were jailed amid revelations that politicians had billed the public for items including an ornamental duck house and pornographic movies.

  • AutoZone names PepsiCo exec to its board Thursday, 18 Oct 2012 | 12:20 AM ET

    MEMPHIS, Tenn.-- AutoZone Inc. said Thursday that it elected PepsiCo executive Enderson Guimaraes to its board. In addition, AutoZone said two of its current board members, William Crowley and Robert Grusky, will not stand for re-election at the company's annual shareholder meeting in December. AutoZone's stock rose $2.08 to $371.55 in midday trading.

  • Shocking! Famed fashion house Schiaparelli revived Thursday, 18 Oct 2012 | 12:08 AM ET

    PARIS-- Shoe hats, lobster dresses, and spiraling goggle glasses could easily be part of a closet inventory belonging to Lady Gaga. The house of the influential fashion designer, and hated rival of Coco Chanel, is being revived this fall, in one of the most highly anticipated fashion events of 2012 in Paris.

  • Austerity-weary Greeks stage new general strike Thursday, 18 Oct 2012 | 12:06 AM ET

    ATHENS, Greece-- Labor unions in recession-hobbled Greece are holding another general strike against a new harsh austerity program, as European leaders beset by a deep debt crisis and economic stagnation gather for a summit meeting in Brussels.