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  • *ECB bank test results due to be made public at 1100 GMT Sunday. LONDON/ FRANKFURT, Oct 23- The euro zone's 130 biggest banks received the European Central Bank's final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector. They will not be made public until 1100 GMT on...

  • LONDON, Oct 23- The chairman of Britain's biggest grocery chain, Tesco, announced his resignation on Thursday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britain's biggest private employer and once the juggernaut of its retail sector, has lost half...

  • EU leaders seek more Ebola funding at summit Thursday, 23 Oct 2014 | 8:49 AM ET

    BRUSSELS— Britain pledged an additional 100 million euro to fight Ebola and Prime Minister David Cameron called on the other European Union leaders at a summit to step up their efforts to contain the deadly virus too. Britain said its total contribution now stood at 256 million euros toward fighting Ebola, more than any other EU nation. An international...

  • UPDATE 4-Oil rises above $85 on Saudi market supply cut Thursday, 23 Oct 2014 | 8:45 AM ET

    *Saudi Arabia increases output but cuts market supply. *OPEC members unable to agree on cut. LONDON, Oct 23- Brent crude oil rose above $85 a barrel on Thursday on news Saudi Arabia cut its supply to the market in September, even though its overall production grew month on month.

  • LONDON, Oct 23- Britain's Serious Fraud Office has asked the government for an extra 26.5 million pounds to help fund complex inquiries such as financial benchmark manipulation and top corruption cases. Its biggest and costliest cases remain the investigation into the manipulation of Libor interest rates, an inquiry into circumstances surrounding...

  • *Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- European and Asian stock markets ground lower on Thursday, worries over banks and corporate results again darkening the mood despite a surprisingly upbeat survey of Germany's manufacturing and service sectors. French tire maker Michelin and Unilever cited poor demand from emerging markets in...

  • *Michelin and Unilever fall, flagging weak EM demand. EDINBURGH, Oct 23- European stocks fell on Thursday, hindered by weak corporate results from companies including French tyre-maker Michelin, despite receiving support from better-than-expected euro zone business activity data. Michelin and Unilever cited poor demand from emerging markets as the former...

  • LONDON, Oct 23- Hong Kong Exchanges and Clearing has signed a preliminary deal with China Merchant Group companies aimed at expanding London Metal Exchange warehouses in Asia and developing new products and services for the Asian market. To this end, it has long planned to steer the LME into mainland China, the world's biggest metals market.

  • *ECB bank test results due at 1100 GMT Sunday. LONDON/ FRANKFURT, Oct 23- At around noon on Thursday, the euro zone's 130 biggest banks will receive the European Central Bank's final verdict on their finances after a review aimed at drawing a line under persistent doubts about the health of the region's banking sector. They will not be made public until 1100 GMT on...

  • LONDON, Oct 23- Britain's leading prosecutor, the Serious Fraud Office, has asked its government paymasters for an extra 26.5 million pounds to help fund complex investigations, such as alleged financial benchmark manipulation and corruption cases. The agency, which nine months ago sought another 19 million pounds to bolster investigations such as the Libor...

  • GLOBAL MARKETS-German survey props up European shares Thursday, 23 Oct 2014 | 4:59 AM ET

    *Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood. Concerns over growth, banks and a beckoning era of deflation in Europe were at the heart of a stock...

  • *Michelin, Unilever fall, flag weak EM demand. Michelin and Unilever cited poor demand from emerging markets as the former cut its full-year revenue goal and the latter reported weaker-than-expected quarterly sales. Unilever's London- listed shares were down 2.4 percent, while Michelin shed 3.6 percent.

  • Eurozone survey rise does not ease recession fears Thursday, 23 Oct 2014 | 4:33 AM ET

    LONDON— A stronger than anticipated economic survey Thursday failed to inspire much optimism in European markets amid ongoing worries over the state of the 18- country eurozone and of France in particular. A broad survey of activity in the manufacturing and services sectors by financial information company Markit rose unexpectedly in October.

  • Tesco chairman resigns after accounting scandal Thursday, 23 Oct 2014 | 4:25 AM ET

    LONDON— The chairman of Tesco, the world's second-biggest retailer behind Walmart, announced his resignation Thursday amid an accounting scandal in which the company admitted it had overstated its projected profits. "Three immediate priorities are clear: to recover our competitiveness in the U.K., to protect and strengthen our balance sheet and to begin the...

  • LONDON, Oct 23- European stocks fell early on Thursday as weak results from French tyre-maker Michelin and consumer goods group Unilever added to a subdued tone for global equities overnight. Unilever fell 3 percent in London by 0705 GMT after it reported a weaker-than-expected 2.1 percent rise in third-quarter sales on Thursday as a slowdown in emerging...

  • Dubai cuts profile as Mideast plastic surgery hub Thursday, 23 Oct 2014 | 3:03 AM ET

    DUBAI, United Arab Emirates— Dubai, the emirate known for its celebration of over-the-top glamour and luxury, is racing ahead to dominate the Middle East's plastic surgery market with plans to attract half a million medical tourists in six years. Where cosmopolitan Beirut was once the region's best known city for going under the knife, turmoil in Syria and...

  • Nokia turnaround since handset unit sale continues Thursday, 23 Oct 2014 | 2:04 AM ET

    HELSINKI— Nokia is showing signs that it has turned around its fortunes following the sale of its ailing cellphone unit to Microsoft. The slimmed-down Finnish company said Thursday that it made a third-quarter net profit of 747 million euros of the year, compared with a 91 million-euro loss in the same period last year. The result beat expectations and Nokia...

  • Asia stocks, US futures dented by NY Ebola case Thursday, 23 Oct 2014 | 1:58 AM ET

    NEW YORK— A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday. Caterpillar jumped after its third-quarter earnings report was better than Wall Street analysts had been expecting. 3 M, the maker of Post-it notes, industrial coatings and ceramics, was...

  • Alexei Kudrin, former finance minister of Russia, says he would consider a return to government if it wants reform, adding "painful steps" are needed to "cure" the country's economy.

  • 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...