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  • 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...

  • WASHINGTON, Oct 10- Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number...

  • WASHINGTON, Oct 10- Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number...

  • Oct 10- U.S. regulators on Friday approved a new hepatitis C pill from Gilead Sciences Inc, which said it will charge $94,500 for an improved 12- week course of treatment to rid patients of the liver-destroying viral infection. "Unfortunately, we believe that the price being demanded is still inappropriately high for a product targeting such a large group of...

  • *$100 bln of assets have left sector since 2012. LONDON, Oct 10- In a telling sign that commodities may struggle for several years to attract investment flows, a clutch of professionals who make their living from the asset class slammed its prospects at a recent conference. "The marginal benefit of commodities today is less than the costs of obtaining and...

  • NEW YORK/ HOUSTON, Oct 9- Investment bank Lazard Ltd has asked bidders that have shown interest in buying Citgo Petroleum Corp's U.S. refineries to submit an additional round of offers, people close to the deal told Reuters this week as the sale process proceeds despite doubts. Venezuela's state-run oil company PDVSA hired Lazard to handle the sale process for...

  • *Endo offers $33.25/ share for Auxilium. Oct 9- Endo International Plc brought a successful end to its month-long pursuit of Auxilium Pharmaceuticals Inc, with the smaller rival choosing a sweetened offer over its agreement to buy Canadian eye-drug maker QLT Inc.. "Endo recognizes the value inherent to Xiaflex, given the drug's potential in multiple additional...

  • Auxilium Pharma accepts Endo's $1.67B buyout offer Thursday, 9 Oct 2014 | 10:42 AM ET

    Auxilium Pharmaceuticals agreed to be bought by Endo International, terminating its deal to buy Canadian eye-drug maker QLT.

  • WASHINGTON, Oct 9- The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on...

  • WASHINGTON, Oct 9- The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on...

  • Oct 9- Auxilium Pharmaceuticals Inc agreed to be bought by Endo International Plc for $1.67 billion and terminated its deal to buy Canadian eye-drug maker QLT Inc.. Endo moved its tax domicile to Ireland from Pennsylvania last year when it bought Canadian drugmaker Paladin Labs Inc.. Citi is Endo's financial adviser and Sullivan& Cromwell LLP is its legal...

  • *Deal will involve share swap between CIMB and RHB- sources. SINGAPORE/ KUALA LUMPUR, Oct 9- Malaysia's CIMB Group Holdings Bhd and two smaller domestic lenders have agreed to create the country's biggest banking group, with deal terms set to be worked out over the next year, sources with direct knowledge of the matter said. Proposals submitted to the central bank...

  • Oct 8- Amgen Inc said its copycat version of AbbVie Inc's blockbuster biotech drug Humira showed comparable safety and ability to generate immune response in patients with a type of skin disease. "We remain bullish about AMGN's biosimilar prospects given the manufacturing expertise which would likely be key for success in biosimilar competition," Deutsche...

  • *Deutsche Bank sees the euro falling to $0.95 by 2017. PARIS/ LONDON, Oct 8- The recent sharp slide in the euro and commodity prices is set to provide tailwind for European companies struggling against economic weakness, and soon break a streak of earnings downgrades that has already lasted 3-1/ 2 years. However, the euro's 10 percent drop in the past five months, and...

  • Oct 8- Warehouse club operator Costco Wholesale Corp's profit topped analysts' estimates for the first time in five quarters, helped by strong back-to-school sales and higher membership fees. Costco's shares were up 1.6 percent at $127.32 in premarket trading on Wednesday. Costco reported a 7 percent increase in same-store sales, excluding fuel, in the...

  • *London trial of ex UBS, Citigroup trader delayed to May. LONDON, Oct 7- A senior banker at a leading British lender has become the first person to plead guilty to UK charges linked to a global inquiry into the alleged rigging of benchmark Libor interest rates, a scandal that has shredded faith in financial services. The banker, who cannot be named for legal reasons,...