MOSCOW, Dec 25- Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.. The rouble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the Russian economy,...» Read More
*HSBC Oct flash China manufacturing PMI signal recovery. TOKYO, Oct 24- Data suggesting a gathering economic recovery in China helped trim declines in Asian shares on Wednesday, though investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.
SINGAPORE, Oct 24- Brent crude futures climbed towards $109 a barrel on Wednesday, snapping a six-day losing streak after economic data from China suggested a strengthening recovery in the world's No. 2 oil consumer. Brent crude had risen 46 cents to $108.71 a barrel by 0239 GMT.
DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.
BOSTON-- Water from a leaking boiler collected just outside a room that was supposed to be sterile. In the meantime, Massachusetts Gov. "Those whose laboratory practices caused this outbreak should never practice pharmacy or manufacture in Massachusetts again," Patrick said.
NEW YORK-- A former Goldman Sachs and Procter& Gamble Co. board member convicted of insider trading will serve up to 10 years in prison if the government has its way but will face no more than community service if a judge is persuaded by defense arguments.
BERLIN-- European Central Bank president Mario Draghi meets German lawmakers Wednesday as he tries to win over public opinion for a controversial bond-buying plan that is designed to keep a lid on the borrowing costs of indebted countries, such as Spain and Italy.
SHANGHAI, Oct 24- In 20 years in China, Microsoft Corp hasn't had much luck. ``The fact that there is no delay and they are treating China as one of their primary markets reflects how important China is to Microsoft and I think that's evident in how they plan to launch Surface,'' said Adam Leach, a London- based analyst with technology consulting firm Ovum.
FRANKFURT, Germany-- Business software maker SAP AG saw its third quarter profit fall from a year ago because of a large one-time gain booked then, but the company raised its sales outlook for the year and said its business in cloud computing was growing fast.
BEIJING, Oct 24- China's manufacturers saw growth shrink for a 12th successive month in October, but output at a three-month high and the most robust order books since April signal a strengthening recovery, preliminary results of a purchasing managers survey show.
SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher.
NEW YORK, Oct 23- Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy. Rival DuPont slashed its earnings forecast and announced 1,500 jobs cuts.
SAN FRANCISCO, Oct 23- Zynga Inc laid off 5 percent of its full-time workforce and shut its Boston office on Tuesday as it embarked on a sweeping cost-cutting campaign that may eventually see the ``FarmVille'' game creator close its Japanese and British studios as well.
Exporters shed after a rally propelled by a weaker yen over the past week and a half, with automakers Toyota Motor Corp and Honda Motor Co down 1.3 and 1.4 percent respectively, and construction machinery maker Komatsu Ltd slipping 2.1 percent.
HONG KONG, Oct 24- Hong Kong shares were set to start lower on Wednesday after eight straight days of gains, and as investors wait for a preliminary survey of manufacturing activity in China due later in the day. Anhui Conch Cement, China Overseas Land& Investment, Angang Steel are among companies expected to report third-quarter earnings later in the day.
SAN FRANCISCO, Oct 23- The University of California must try to obtain and then disclose closely guarded information on the investment performance of venture capital funds managed by Kleiner Perkins Caufield& Byers and Sequoia Capital, a state judge said in a tentative ruling made public on Tuesday.
TRIMMING AHEAD: Glass and ceramics maker Corning Inc. said Wednesday that it will likely make some cost cuts, which may include "modest" job cuts, as it looks to support its profit in a softening economy. THE COST: The company expects to take a charge of up to $50 million in the current quarter to cover the cuts.
PARSIPPANY, N.J.-- The Medicines Company reported a steep drop in third-quarter earnings Wednesday compared with the year-ago period, when the company's results were boosted by a large income tax benefit.
SPOKANE, Wash.-- Avista Corp. is offering more than 900 non-union workers a buyout in an effort to help the utility cut its 2013 budget by about $14 million. Avista spokesman Dan Kolbet says 919 of the utility's 1,550 employees will have until Dec. 14 to decide, and will learn by Dec. 21 if they've been chosen for the buyout.
TOKYO, Oct 24- U.S. crude futures steadied below $87 a barrel in early Asian trade on Wednesday as investors waited for data on China's economic health, after weak corporate earnings and forecasts pointed to a still distressed global economy.