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Barclays PLC

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  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • Oct 23- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs. Diamond Offshore said Petrobras has extended contracts on three ultra-deepwater rigs, which are expected to generate revenue of up to $1.4...

  • NEW YORK, Oct 23- Some very big investors are betting on an upswing in two problematic parts of the world right now, Europe and Japan, their confidence bolstered by the brisk money-printing from central banks in both regions. Standard Life Investments, Goldman Sachs Asset Management, and Seven Investment Management are among those who believe in the potential...

  • LONDON, Oct 23- Top managers of a failed bank would be replaced immediately and creditors told within two days the losses they will bear, the Bank of England said on Thursday in its blueprint for avoiding taxpayer bailouts in future financial crises. Had it been in place in 2008 when Royal Bank of Scotland failed, taxpayers would not have had to funnel 45 billion...

  • 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...

  • 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...

  • ZURICH, Oct 23- Credit Suisse reported stronger-than-expected third quarter profits on Thursday, bolstered by its investment bank, which benefited from a rise in bond-trading and fees from the multi-billion dollar listing of China's Alibaba. This marks a return to profit for the Zurich- based bank after it reported its biggest loss since the financial crisis...

  • Lloyds bank to cut 9,000 jobs: Sources Thursday, 23 Oct 2014 | 1:24 AM ET

    Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • *Apple, Texas Instruments results power Wall Street gains. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 0.9 percent, while Japan's Nikkei stock average added 1.7 percent, rebounding from Tuesday's 2 percent drop. In U.S. trading, shares of Apple Inc and Texas Instruments Inc gained on stronger-than-expected quarterly...

  • *Apple, Texas Instruments results power Wall Street gains. In U.S. trading, shares of Apple Inc and Texas Instruments Inc gained on stronger-than-expected quarterly earnings, lifting the tech-heavy Nasdaq Composite index more than 2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, while Japan's Nikkei stock average was...

  • Oct 21- As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul. Halliburton, the world's largest provider of fracking services, is more than doubling its railcar fleet and...

  • Oct 21- Kleenex and Huggies maker Kimberly-Clark Corp said it would cut 1,100 to 1,300 jobs as it focuses on emerging markets after the spinoff of its U.S.-based healthcare business. The company also cut its full-year profit forecast to reflect costs associated with the spinoff, while reporting better-than-expected quarterly revenue on strong demand in...

  • Big slump is no cause to ditch stock market Tuesday, 21 Oct 2014 | 11:34 AM ET

    NEW YORK— After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps. Headlines about the spread of Ebola and the deepening conflict with Islamic State fighters in the Middle East also turned investors cautious. Erik Davidson, deputy chief investment officer for Wells...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...

  • *Yen stands to gain if China data stokes growth worries. The China data could influence investors' perception on the U.S. "Because slowdown in China is one major reason behind investor concerns on global growth, the data is likely to affect sentiment on the global economy," said Shin Kadota, chief FX strategist in Barclays' Tokyo branch.

  • Dollar softer after run-up, yen supported by stocks Monday, 20 Oct 2014 | 3:13 PM ET

    Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets.

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • *Tech sector weaker with Gemalto also sliding. *Nutreco, Adidas, Havas surge on M&A activity. Dutch tech firm Gemalto fell 3.2 percent after Barclays cut the stock to underweight from overweight, joining SAP as a top faller on the STOXX 600 Technology index, which was down 2.8 percent.

  • Oct 20- Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. More than 65 percent of Arysta's sales are in high-growth regions such as Latin America, Africa, Central and Eastern Europe, China and South Asia.