Greece has until Friday to produce a new reform plan, before all EU leaders meet on Sunday to decide whether to accept the proposal.» Read More
*EU Commission says consulting widely on issue. PARIS, Oct 31- Perfume-makers are urging the European Commission to back down from possible legislation they fear could kill top fragrances by restricting natural ingredients linked to allergies, industry sources say.
JERUSALEM- Most Israelis would be reassured if Mitt Romney won next week's U.S. presidential election, feeling they had an unquestioning friend rather than a dispassionate critic in the White House.
*Cleveland Clinic compiles annual list of top innovations. Oct 31- The best medical innovations for next year include an almond-size device implanted in the mouth to relieve severe headaches and a handheld scanner resembling a blow dryer that detects skin cancer, the Cleveland Clinic said on Wednesday.
*Germany sells 1.7 bln euros of 2044 bonds. *France also finds high demand for long-term debt. Investors snapped up long-term debt from Germany and France as a recent European Central Bank- inspired lull in the three-year-old crisis persuaded some investors to look at longer-maturities.
*Market awaits China's official PMI on Thursday. LONDON, Oct 31- London copper rose on Wednesday, buoyed by a softer dollar, but gains were limited with U.S. stock markets falling after a two-day closure for the storm Sandy and as metals investors stayed wary about demand from China.
JERUSALEM, Oct 31- Potash Corp, the world's No. 1 fertilizer maker, is ramping up efforts to buy Israel Chemicals Ltd, appealing directly to Israel's prime minister to back a deal that would rank as the largest foreign takeover of an Israeli company.
Oct 31- MasterCard Inc reported a quarterly profit that handily topped market estimates as more people, particularly in Asia, opted to use credit and debit cards instead of cash. MasterCard has been boosting its presence outside the United States, cashing in on higher-growth markets in Asia and the Nordic countries.
LONDON, Oct 31- Barclays' new boss Antony Jenkins must decide in the coming months whether to pick up business left open by a retreat from investment banking by UBS and other rivals, or push even harder with cuts to the British bank's own operation.
*Wheat jumps on 300,000 tonnes Egypt purchase. LONDON, Oct 31- Commodities edged higher on Wednesday as investors dipped back into risky assets, but the sector was on track for its worst monthly loss since May as worries resurfaced about demand for raw materials.
*France objects to proposed farm subsidy cuts. BRUSSELS, Oct 31- France joined a growing list of European Union governments threatening to veto the bloc's next long-term budget, turning up the heat at the start of divisive bargaining over a 1 trillion euro spending plan.
*To cut 20 pct of U.S. workforce, 30 pct of Asia- CEO. Oct 31- GT Advanced Technologies, a solar and LED equipment maker, said it would slash about 25 percent of its workforce and would l i kely report third-quarter revenue at the low end of its forecast due to weak demand in its main market, Asia.
*Latin America offers Spaniards hope for work. MEXICO CITY/ MADRID Oct 31- After joining the euro in 1999, Spain's economic boom made it the land of opportunity for millions of Latin American migrant workers.
*GM expects much bigger loss in Europe this year. *Still sees Europe economy flat to slightly deteriorating. Shares of the automaker rose nearly 9 percent in afternoon trading even as it said it expected to lose as much as $1.8 billion in Europe this year.
LONDON, Oct 31- Flagging growth prospects for the euro zone's biggest economies will prompt the European Central Bank to ease monetary policy more early next year, according to a slim majority of economists polled by Reuters.
*Supply rises by 60,000 bpd, led by Iraq, Angola, Libya. LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya have offset disruptions in Nigeria and a further decline in Iran to its lowest in two decades, a Reuters survey found on Wednesday.
LONDON, Oct 31- JPMorgan Chase& Co is suing the former boss of Bruno Iksil, the trader known as the London Whale, for the outsized derivatives positions he took that cost the bank $6.2 billion. He added that JPMorgan has so far failed to provide details of the evidence to support its allegations, which would enable Martin-Artajo to begin the process of his defence.
Gains in equity markets early in the day had lifted the euro above $1.30, but momentum faded as Wall Street turned negative and uncertainty remained about how to keep Greece afloat and when Spain may ask for a bailout.
LONDON, Oct 31- European stocks dipped on Wednesday, led by heavyweight British oil and gas firm BG Group after it warned it would show no production growth next year. BG Group sank 13.7 percent in hefty trading volume of near sixteen times its 90- day daily average, accounting for nearly a third of the total index points fall.
Oct 31- Nu Skin Enterprises Inc raised its full-year forecast for the sixth time this year, encouraged by strong demand for its new anti-ageing and body spa products under the ageLOC brand. Nu Skin shares rose 11 percent to $46.70 on the New York Stock Exchange on Wednesday morning.
*Stocks edge up as Wall Street reopens after two days. LONDON, Oct 31- Gold prices rose nearly 1 percent to their highest in a week on Wednesday as stock markets firmed as the New York financial markets re-opened, but were on track to end a four-month winning streak as October drew to a close.