Markit, the financial data company set up by a former trader in his shed, is set to mark its evolution with a share offering in New York this year.» Read More
LONDON, Oct 31- Europe's leading investment banks took a trading revenue battering in the third quarter that shows no signs of reversing before the end of the year and gives a glimpse into the upheaval facing the industry as a whole.
*Facebook rises in premarket, trading could be volatile. NEW YORK, Oct 31- U.S. stock index futures edged lower on Thursday, suggesting the market's rally may have run out of gas, as investors continued to digest recent comments from the Federal Reserve.
SAO PAULO, Oct 31- Brazil's Gerdau SA, the largest steelmaker in the Americas, reported third-quarter net income of 642 million reais, according to a securities filing on Thursday.
LONDON, Oct 31- AstraZeneca promoted Marc Dunoyer to be its new chief financial officer on Thursday, plugging a gap in the British drugmaker's top management team as it grapples with falling sales and profits.
TOKYO, Oct 31- Japan's Sharp Corp reported its first quarterly net profit in two years, beating estimates, as the weaker yen and revived demand for solar cells and display panels boosted the consumer electronics maker's turnaround drive.
*NYMEX crude for December delivery was down 13 cents at $96.64 a barrel by 0112 GMT, after settling $1.43 lower on Wednesday. *London Brent crude for December delivery had lost 28 cents to $109.58 a barrel, after finishing 85 cents higher on Wednesday.
*General Motors rallies, profit leaps on strong demand. *Facebook and Expedia rally in extended trading, Starbucks falls.
HONG KONG, Oct 31- For all the grand talk of far-reaching reforms when China's leadership meets early next month, foreign investors have refused to become carried away, with most choosing to shun the country's mammoth state-owned enterprises. But investors harbour doubts over how far China's leaders will go to shake up SOEs in desperate need of reform.
*General Motors rallies, profit leaps on strong demand. NEW YORK, Oct 30- U.S. stocks fell on Wednesday, with the S&P 500 snapping a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus program for the time being.
Oct 30- Qatar's sovereign wealth fund, one of the world's most prolific investors, is building a $1 billion holding in Bank of America, seeking to benefit from the U.S. economic recovery, the Financial Times reported, citing sources close to the plans.
NEW YORK, Oct 30- Copper hit a 1- week high on Wednesday and silver rallied too as the Federal Reserve's decision to retain its stimulus efforts for the U.S. economy pushed several commodities higher.
LONDON, Oct 30- After a bone-dry summer, world markets seem awash with cash again and it looks like spilling into 2014.. Since the Fed demurred six weeks ago, the S&P500 index of top Wall St stocks has jumped 3.5 percent.
*General Motors rallies, profit leaps on strong demand. NEW YORK, Oct 30- U.S. stocks fell on Wednesday, putting the S&P 500 on track to snap a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus program for the time being.
*Experimental drug mimics GLP-1 and GIP hormones. LONDON, Oct 30- An experimental drug that mimics the effects of two naturally occurring hormones appears to work significantly better than existing single-hormone medicines against diabetes and obesity, scientists said on Wednesday.
NEW YORK/ PARIS, Oct 30- Shares in French online advertising firm Criteo rose more than 30 percent in its stock market debut on Nasdaq on Wednesday, showing investor appetite for technology start-ups and delivering a payday to its venture capital backers.
*Investors hope to learn how long Fed bond-buying might continue. NEW YORK, Oct 30- U.S. stocks edged lower on Wednesday, following a string of four sessions of gains and before the release of the Federal Reserve's statement on the economy and its ultra-loose money policy.
LONDON, Oct 30- Fallout from global investigations into possible manipulation of the $5.3 trillion- a-day forex market spread on Wednesday, as Royal Bank of Scotland said it had sought to reassure clients about rates they were offered while Barclays said it was cooperating with regulators.
TOKYO, Oct 30- U.S. crude futures fell under $98 a barrel in Asian trading on Wednesday, as a higher-than-expected weekly stock build combined with declining worries about protracted disruptions to petroleum exports from OPEC member Libya. *NYMEX crude for December delivery was down 57 cents at $97.63 a barrel by 0020 GMT, after settling 48 cents lower on Tuesday.
*IBM climbs on buyback announcement and lifts Dow. NEW YORK, Oct 29- The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day's gains.
NEW YORK, Oct 29- Raw sugar fell the most in a month on Tuesday on fears of a selloff following speculator hoarding of the commodity, while natural gas tumbled for a second straight session on mild weather forecasts in key U.S. regions.