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  • NEW YORK, Oct 16- The U.S. dollar recovered against the euro and yen on Thursday after stronger U.S. economic data reinforced the view that Wednesday's selloff in the greenback was overdone. "The data today was very important in that it provided reassurance that the U.S. economic outlook hasn't changed drastically," said Camilla Sutton, chief currency strategist...

  • Oct 16- Delta Air Lines said on Thursday that it expected strong margins in the fourth quarter despite widespread concern that the spread of Ebola could curb travel, and its shares rose nearly 2 percent. Delta's outlook "suggests a relatively strong domestic revenue environment is more than offsetting weakening trends in markets," Deutsche Bank analyst...

  • Oct 16- A recovery in eBay Inc's core e-commerce business will take longer than expected and any gains for investors would have to come from the separation of its PayPal unit, analysts said, a day after the company trimmed its full-year revenue forecast. At least 16 brokerages cut their price target on eBay's shares by as much as $7 to a low of $48.

  • For varying groups, market frenzy may help or hurt Thursday, 16 Oct 2014 | 12:02 AM ET

    WASHINGTON— The turbulence that's roiling financial markets is punishing stock investors, raising worries for major U.S. companies and will likely produce even punier returns for savers. Yet some Americans actually stand to benefit from the forces that are driving the frenzied trading. Stocks plunged from the start Wednesday— tumbling more than 400 points...

  • For varying groups, market frenzy may help or hurt Wednesday, 15 Oct 2014 | 4:50 PM ET

    WASHINGTON— The turbulence that's roiling financial markets is punishing stock investors, raising worries for major U.S. companies and will likely produce even punier returns for savers. Yet some Americans actually stand to benefit from the forces that are driving the frenzied trading. Stocks plunged from the start Wednesday— tumbling more than 400 points...

  • Shares of Great Western Bancorp fall in debut Wednesday, 15 Oct 2014 | 9:44 AM ET

    Oct 15- Shares of U.S. regional lender Great Western Bancorp Inc fell about 3 percent in their market debut on Wednesday, valuing the unit of National Australia Bank Ltd at about $1 billion. The stock opened at $18 and touched a low of $17.53 in early trading on the New York Stock Exchange. The shares offered in the initial public offering were priced at $18 apiece,...

  • *FTSE 100 has lost over 8 percent since Sept. 4. The decision to scrap the offering, which could have valued the firm at about 800 million pounds, casts a shadow over the prospects of the bigger and more widely known Virgin Money, another bank seeking to list this month. Aldermore and Virgin are among so-called challenger banks which the government hopes can break the...

  • *Up a few thousand bankers affected, largely in London. LONDON, Oct 15- The bulk of a new type of allowance paid to bankers are in breach of the European Union's bonus cap and must be changed by the end of the year, the EU banking watchdog said on Wednesday, raising the prospect that banks will have to bump up basic pay or risk losing top staff. The sight of bankers pocketing...

  • *Qualcomm beats out possible bidder Microchip for CSR. *CSR purchase helps Qualcomm diversify beyond phones. Qualcomm Inc agreed to buy CSR Plc for $2.5 billion, offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices.

  • SINGAPORE, Oct 15- Gold eased for a second session on Wednesday as the dollar rebounded modestly from sharp losses but the safe-haven metal still held close to four-week highs on lingering worries over the global economy. *Gold has been well-bid since last week on increasing concerns over the health of the global economy. *Meanwhile, litigation alleging that...

  • China firm eyes quick approval of drug to cure Ebola Tuesday, 14 Oct 2014 | 7:27 PM ET
    In this handout from the Center for Disease Control, a colorized transmission electron micrograph (TEM) of a Ebola virus virion is seen.

    A Chinese drug maker with close military ties is seeking fast-track approval for a drug that it says can cure Ebola.

  • HANGZHOU, China, Oct 15- Liu Chunming almost died after a car crash in July in Taihe, a remote county in China's southeast Jiangxi province, but survived serious abdominal injuries thanks to specialist doctors who led his treatment from 1,000 kms away. Liu's case- one of a growing number of distance healthcare cases in China- reflects the rise in digital healthcare,...

  • Oct 14- Litigation alleging that Deutsche Bank AG, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver has been centralized in Manhattan federal court. Three suits were originally filed in Manhattan, while two were filed in Brooklyn. The banks had also asked that the litigation be consolidated in the Eastern District of New York in Brooklyn, but...

  • LONDON, Oct 14- Three London-based currency traders have left JP Morgan and HSBC, sources said on Tuesday, as investigations by banks and regulators into alleged collusion and manipulation in the $5.3 trillion- a-day market draw closer to a settlement. The three are Richard Usher, former head of spot G10 currency trading at JP Morgan, Serge Sarramegna, former UK...

  • MILAN, Oct 13- Luxottica Chairman Leonardo Del Vecchio on Monday took over management of the company he founded half a century ago after the world's biggest eyewear maker by sales lost its second chief executive in as many months. The maker of Ray-Ban and Oakley sunglasses announced on Sunday that CEO Enrico Cavatorta was quitting only six weeks after the...

  • MILAN, Oct 13- Shares in Italy's Luxottica fell as much as 10 percent on Monday after the resignation of its second chief executive in as many months, exposing deepening tensions at the top of the world's biggest eyewear group. The maker of Ray-Ban and Oakley sunglasses announced on Sunday that CEO Enrico Cavatorta was quitting only six weeks after the...

  • Goldman slashes Hong Kong growth outlook Monday, 13 Oct 2014 | 12:01 AM ET
    Demonstrators and office workers eat lunch while sitting on a divider in front of the Central Government Offices during lunch hour in Hong Kong, China.

    Goldman Sachs slashed its growth forecast for Hong Kong as pro-democracy protests stretched into their third week, with no end in sight.

  • US ETFs to take aim at China's onshore bond market Sunday, 12 Oct 2014 | 8:07 PM ET

    U.S. investment firms are readying the first line of exchange-traded funds designed to give American investors access to China's onshore bond market.

  • NEW YORK, Oct 12- U.S. investment firms are readying the first line of exchange-traded funds designed to give American investors access to China's swelling onshore bond market, which has been largely closed off to foreigners. At least four fund managers- Deutsche Bank AG, Global X Funds, KraneShares and Van Eck Global- have outlined plans to launch China onshore...

  • PARIS, Oct 12- Health checks on Europe's banks may reveal takeover targets, but because protectionist regulation across the region has yet to be addressed, any post- "stress test" tie-ups are likely to be along national lines and could make a splintered industry more so. The European Central Bank takes direct authority over the currency area's 120 top banks on Nov. 4...