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Barclays PLC

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  • LONDON, Oct 31- Britain will pay back part of the outstanding debt used to fund World War One next year, when it redeems government bonds first issued almost 90 years ago by then-finance minister Winston Churchill. Issued in 1927, the consols were used to refinance government bonds bought by Britain's public to help fund World War One. Speculation about the...

  • *Oil rout not over, OPEC needs to cut output- Newedge. SINGAPORE, Oct 31- Brent crude futures fell below $86 a barrel on Friday as a firmer dollar and a well supplied oil market combined to put the benchmark on course to end October with its steepest monthly decline since 2012.. "We are still not confident about oil prices rebounding sharply because there are no signs...

  • TOKYO, Oct 31- Asian shares ticked higher on Friday on Wall Street's cheer after upbeat U.S. growth data, while the dollar traded around four-week highs against the yen as investors awaited the outcome of the Bank of Japan's monetary policy meeting. But data released early on Friday showed Japan's annual core consumer inflation slowed for a second straight...

  • Oct 30- Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries." On a per-share basis, Citigroup adjusted its profit to 88 cents for the quarter. Bernstein Research analysts estimated before Thursday's announcement that Citigroup's remaining reserves were about...

  • UPDATE 3-Vale posts surprise loss, shares dive Thursday, 30 Oct 2014 | 12:41 PM ET

    RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...

  • RIO DE JANEIRO, Oct 30- Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency. Iron ore cash costs were also higher than analysts had expected, while Vale said the weakening Brazilian real wiped nearly $2 billion off its earnings by increasing the cost of...

  • *Bank makes provision to settle UK, US foreign exchange probes. LONDON, Oct 30- Barclays Plc set aside 500 million pounds in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. Barclays is one of six banks in talks with UK regulators to pay about 1.5...

  • NEW YORK, Oct 30- U.S.-listed shares of major European banks were among the biggest movers of the premarket session on Thursday, continuing to see weakness ever since the results of the European Central Bank's stress tests were published over the weekend. The Euro STOXX banking index fell 2.9 percent and is down 6.6 percent so far this week, putting the index on...

  • *Dollar, yields jump after Fed ends QE. LONDON, Oct 30- The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Asian shares mostly fell, following a slight decline on Wall Street overnight.

  • Barclays sets aside $805 million in rigging probe Thursday, 30 Oct 2014 | 5:27 AM ET

    LONDON— Barclays, Britain's second biggest bank by assets, set aside 500 million pounds on Thursday to cover possible penalties amid international probes into the alleged manipulation of foreign exchange markets. The provision amount is greater than the 290 million pound fine Barclays paid for its role in rigging the London interbank offered rate, or Libor, a...

  • *China official PMI seen at 51.2 vs 51.1 in Sept Data due on Nov 1 at 0100 GMT. BEIJING, Oct 30- Growth in China's manufacturing sector likely picked up slightly in October as demand improved, a Reuters poll showed, offering some tentative signs that the world's second-biggest economy may be stabilizing but at levels which are subdued. "Overall, we see that China's...

  • *Brazil's real rises after interest rate-hike shock. TOKYO, Oct 30- The dollar stayed on the front foot on Thursday, holding near prior session highs as it basked in the afterglow of the Federal Reserve's optimistic take on the U.S. economic recovery, raising the odds of policy tightening sooner rather than later. "We maintain our view the first rate hike will be in...

  • BANGKOK, Oct 30- Sixteen years old and studying 13 hours a day, high school pupil Worapot doesn't have time to waste matching up to a military-led government's idea of what makes a good Thai. "Now the system might get even worse," said Worapot, as he sat on the steps of a language school in a bustling Bangkok shopping district where he is taking extra lessons in English.

  • *Fed statement still consistent with mid-2015 hike- Barclays. NEW YORK, Oct 29- U.S. benchmark 10- year debt yields rose to three-week highs on Wednesday after the Federal Reserve ended its asset purchase program and said recovery in the world's largest economy remained largely on track despite weakness in other parts of the world. "Bottom line is that this is a bit...

  • LONDON, Oct 29- Anyone betting on another "Great Rotation" of investment flows out of bonds and into stocks is in for disappointment: it's not happening, and isn't going to. "The equity cult and the bond cult can live side by side," according to Citi. U.S. mutual funds' net investment flows in stocks over a five-year rolling period troughed at round $550 billion net outflow...

  • Oil dips below $87 following Fed statement Wednesday, 29 Oct 2014 | 2:27 PM ET

    Brent crude dipped below $87 a barrel on Wednesday after the Federal Reserve announced the end of its bond-buying program.

  • Oct 29- Money can't buy you love, but Barry Diller's IAC/InterActiveCorp knows the search for it can be rather lucrative. Higher revenue from dating websites such as Match.com and OurTime.com helped the company triple its profit and beat Street estimates in the third quarter. Barclays analyst Chris Merwin said the revenue decline in the business in the third...

  • *Shares open at $32 and touch a high of $33.30. Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 45 percent in their market debut, in the latest MLP offering to win investor confidence. Royal Dutch Shell is the first of the industry majors to take an MLP public as a means of monetizing assets while...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 41 percent in their market debut, in what was the largest initial public offering by an MLP in a decade. Royal Dutch Shell became first of the industry majors to take an MLP public as a way to monetize assets while lowering the cost of capital.