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  • UPDATE 6-Brent jumps on Saudi supply cut, strong data Thursday, 23 Oct 2014 | 12:45 PM ET

    *Saudi Arabia increases Sept output but cuts market supply. *All eyes on OPEC November meeting. NEW YORK, Oct 23- Brent crude oil jumped as much as $2 a barrel on Thursday after an industry source said Saudi Arabia cut output in September following the summer's tumble in prices.

  • LONDON/ BEIJING/ NEW YORK, Oct 23- Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster, but U.S. manufacturing activity sputtered to its slowest since July, underscoring the uneven nature of the post-crisis global economy. The improvement in purchasing managers' surveys in Europe...

  • *Europe and China manufacturing beat expectations. *OPEC members unable to agree on cut. LONDON, Oct 23- Brent crude oil rose above $85 a barrel on Thursday on news Saudi Arabia cut its supply to the market in September, even though its overall production grew month on month, and on strong economic data from Europe and China.

  • 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...

  • UPDATE 4-Oil rises above $85 on Saudi market supply cut Thursday, 23 Oct 2014 | 8:45 AM ET

    *Saudi Arabia increases output but cuts market supply. *OPEC members unable to agree on cut. LONDON, Oct 23- Brent crude oil rose above $85 a barrel on Thursday on news Saudi Arabia cut its supply to the market in September, even though its overall production grew month on month.

  • LONDON/ BEIJING, Oct 23- Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived. In China, manufacturers booked more foreign and domestic orders but activity remained weak and analysts said the surveys did not point...

  • GLOBAL MARKETS-German survey props up European shares Thursday, 23 Oct 2014 | 4:59 AM ET

    *Mixed morning in Europe after Asia shares slide. LONDON, Oct 23- Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood. Concerns over growth, banks and a beckoning era of deflation in Europe were at the heart of a stock...

  • *OPEC members unable to agree on cut. Growth in Chinese industry quickened to a three-month high in October, with the HSBC/ Markit manufacturing PMI rising to 50.4 from 50.2 in September. "Prices are back under pressure, and the stabilisation could be short-lived," said Carsten Fritsch, oil analyst at Commerzbank in Frankfurt.

  • Hong Kong shares fall, China manufacturing caps losses Thursday, 23 Oct 2014 | 4:13 AM ET

    SHANGHAI, Oct 23- Hong Kong main share index finished lower on Thursday in line with regional bourses, but further declines were capped by slightly stronger China manufacturing activity. China CNR Corp Ltd said it had been awarded a subway contract from Massachusetts. China CNR Corp Ltd jumped 3.2 percent, and CSR Corp Ltd climbed 1.5 percent.

  • *China October PMI at 3- month high of 50.4- HSBC/ Markit. *OPEC should cut output by at least 500,000 bpd- Libya. China's manufacturing activity quickened to a three-month high in October, with the HSBC/ Markit manufacturing purchasing managers' index rising to 50.4 from 50.2 in September.

  • 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.

  • *China October PMI at 3- month high of 50.4- HSBC/ Markit. *OPEC should cut output by at least 500,000 bpd- Libya. SINGAPORE, Oct 23- Brent crude fell for a second session running on Thursday, hitting a one-week low just above $84 a barrel as a sharp rise in crude inventories in top oil consumer the United States reinforced oversupply concerns.

  • BEIJING, Oct 23- China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though analysts said the figure does not point to a fourth-quarter turnaround for the cooling economy. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of...

  • *Gold steadies after 0.7 percent drop overnight. SINGAPORE, Oct 23- Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued. Wednesday's loss took gold away from a six-week high of $1,255.20 hit earlier in the week when fears...

  • China manufacturing fails to fire in October Wednesday, 22 Oct 2014 | 11:51 PM ET

    BEIJING— A gauge of the health of China's manufacturing industry inched higher in October but factory output was at a five-month low in a sign of slowing domestic and foreign demand. HSBC said Thursday the preliminary version of an index based on a survey of factory purchasing managers rose to 50.4 from 50.2 in September. HSBC's chief China economist Hongbin Qu...

  • Japan's Nikkei share average fell 0.5 percent while MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of 50.4 from a final reading of 50.2 in September, and just a hair's breadth from the 50.3 reading forecast by analysts.

  • BEIJING, Oct 23- China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though the modest expansion likely won't dispel concerns about the cooling Chinese economy. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of 50.4 from a...

  • SINGAPORE, Oct 23- U.S. oil futures fell further on Thursday after losing over $2 the session before as crude stockpiles in the world's top oil consumer surged far more than analysts had expected. *Front-month U.S. crude was down 9 cents at $80.43 a barrel by 0021 GMT. The 12- member OPEC meets on Nov. 27.

  • UPDATE 3-Brazil's JBS Foods to delay IPO Tuesday, 21 Oct 2014 | 5:46 PM ET

    SAO PAULO, Oct 21- JBS SA received regulatory approval to delay an initial public offering of its JBS Foods unit in Brazil, according to a securities filing on Tuesday, putting off a plan to raise 4 billion reais for a few more weeks or until next year. The request to make JBS Foods a public company was removed from securities industry watchdog CVM's website, but the...

  • LONDON, Oct 17- Five companies have been short-listed to replace the century-old London gold benchmark with a new electronic system, which is expected to be in place within the next few months, the London Bullion Market Association said. Broker Autilla Ltd, the Chicago Mercantile Exchange jointly with Thomson Reuters, U.S. derivatives bourse Intercontinental...