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  • LONDON,- Copper hit a 7- week low on Monday as the euro edged lower and as concern about global growth, sparked by disappointing corporate earnings, dented risk appetite and overshadowed solid U.S. third quarter economic growth.

  • *U.S. East Coast refineries cut output ahead of hurricane. LONDON, Oct 29- Brent crude oil fell towards $109 a barrel on Monday as U.S. East Coast refineries shut ahead of the approach of Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • *Shionogi takes 10 pct stake in GSK, Pfizer joint venture. *Reduces upfront costs for Japan's Shionogi. LONDON/ TOKYO, Oct 29- GlaxoSmithKline has raised its bet on a promising drug for HIV/AIDS by redrawing a deal with Japan's Shionogi which gives it a much bigger economic interest in the new product.

  • LONDON, Oct 29- Global consumer confidence edged higher in the third quarter, underpinned by an improvement in the United States, although uncertainty about the economy continued to cap spending, a survey showed. Sixty two percent of global consumers said they believed their national economies were in recession, up from 57 percent in the previous quarter, according to the survey by global information company Nielsen, released on Monday.

  • *Brent oil falls below $109/ bbl, East Coast refineries wind down. Activity across all markets was expected to be thin as the Category 1 Hurricane Sandy neared landfall along the mid-Atlantic states of the United States, forcing shops, offices and share markets in New York to close.

  • MUMBAI, Oct 29- India- focused Essar Energy plans to refinance up to $1.5 billion of its rupee debt within a couple of quarters, as it focuses on improving its balance sheet after a turbulent period that included heavy capital expenditure and regulatory setbacks.

  • UPDATE 2-Pearson confirms Random Penguin merger Monday, 29 Oct 2012 | 10:05 AM ET

    LONDON, 29- Pearson said it would merge Penguin Books with Bertelsmann's Random House to create the world's leading consumer publisher, a day after Rupert Murdoch's Sunday Times said his News Corp group could bid for Penguin.

  • Oct 29- Can peer pressure make delinquent taxpayers pony up what they owe the government? Behavioral economists say it can, and some tax agencies in both the United States and Britain are taking their advice to heart-- and finding that they are reaping rewards.

  • Reuters Business News Schedule at 0930 GMT Monday, 29 Oct 2012 | 9:51 AM ET

    The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • Earnings worries hit European shares Monday, 29 Oct 2012 | 9:44 AM ET

    *Traders cite worries over corporate results, Spain. Spain's IBEX stock market outperformed the broader market, dipping 0.2 percent after European Central Bank policymaker Ewald Nowotny said the country had no immediate need of help from the bank's planned new bond-buying programme.

  • *U.S. East Coast refineries cut output ahead of hurricane. LONDON, Oct 29- Brent crude oil fell below $109 a barrel on Monday as refineries along the U.S. East Coast wound down operations ahead of the approach of Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • FOREX-Euro falls on uncertainty over Greece, Spain Monday, 29 Oct 2012 | 9:09 AM ET

    LONDON, Oct 29- The euro fell on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Near-bankrupt Greece needs a comprehensive deal on an austerity package to unlock its next tranche of aid before it runs out of cash in mid-November.

  • *Shionogi takes 10 pct stake in GSK, Pfizer joint venture. LONDON/ TOKYO, Oct 29- GlaxoSmithKline has raised its bet on a promising drug for HIV/AIDS by redrawing a deal with Japan's Shionogi, giving it a much bigger economic interest in the new product.

  • But activity everywhere was expected to be thin as a massive hurricane closed in on the U.S. East Coast causing regulators to close stock and options trading on Wall Street. London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX opened down between 0.3 and 0.7 percent.

  • European shares fall on Spain and earnings worries Monday, 29 Oct 2012 | 8:09 AM ET

    LONDON, Oct 29- European shares fell on Monday as uncertainty over any rescue deal for Spain and worries over weak results from the region's top companies pushed stock markets lower.

  • SINGAPORE, Oct 29- Oil slipped on Monday, with Brent below $109 a barrel, as refineries along the U.S. East Coast wind down operations ahead of approaching Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • METALS-Copper eases on growth, earnings worries Monday, 29 Oct 2012 | 7:31 AM ET

    SINGAPORE, Oct 29- London copper edged down on Monday, but held above 7- week lows plumbed last week, as concern about global growth and leadership change clouded its demand outlook, but the prospect of a recovering U.S. economy cushioned prices.

  • SINGAPORE, Oct 29- Oil slipped on Monday, with Brent near $109 a barrel, as refineries along the U.S. East Coast wind down operations ahead of approaching Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • *MSCI Asia ex- Japan down 0.2 pct, Nikkei flat. European shares were seen as lacklustre, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down about 0.1 percent.

  • SINGAPORE, Oct 29- London copper traded little changed on Monday, holding above 7- week lows plumbed last week, as the prospect of a recovering U.S. economy underpinned prices, although concerns about leadership change and global growth kept a lid on gains.