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  • BERLIN, Oct 5- The International Monetary Fund will cut its estimates for German economic growth in 2014 and 2015 to around 1.5 percent for each year due to the crises in Ukraine and the Middle East, weekly German magazine Der Spiegel said on Sunday. In July the IMF predicted Europe's largest economy would expand by 1.9 percent this year and by 1.7 percent next year.

  • LONDON, Oct 5- World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps. Given the same G20 finance ministers and central bankers met in Australia only two weeks ago it is not hard to guess how the debate will go: most of the western world will urge the euro...

  • *Media blitz on Khamenei health unprecedented in Islamic Republic's history. BEIRUT, Oct 5- Images of Iran's Supreme Leader Ayatollah Ali Khamenei appearing frail and in bed have raised questions about the seriousness of his condition, and who might eventually succeed him. What followed was unprecedented in the 35- year history of the Islamic Republic.

  • *Iran steel exports surge to 1.26 mln T from Jan- July 2014. *Foreign firms line up to tap Iran steel sector- Tehran. LONDON/ MOSCOW, Oct 5- Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output in a decade and replace at least a small part of the massive revenue it loses due to sanctions on its oil sales.

  • Brazil election eve polls suggest Neves ahead of Silva Saturday, 4 Oct 2014 | 6:58 PM ET
    Presidential candidate Aecio Neves of the Brazilian Social Democratic Party (PSDB) waves to supporters during a campaign rally in Mogi das Cruzes October 1, 2014.

    Brazilian candidate Aecio Neves is heading into Sunday's election with a slight edge over environmentalist Marina Silva, new polls showed on Saturday.

  • Bill Gross says happy to get back to investment roots Saturday, 4 Oct 2014 | 6:45 PM ET
    Bill Gross

    "Managing money is in my blood," Bill Gross, who is the co-founder of Pacific Investment Management Co., told Barron's this weekend.

  • With Europe flirting with deflation, Japan not far from recession and a slowing economy in China, the world's No. 2 economy, there are worries the recovery from the deep 2007-2009 crisis is losing traction. A copy of the draft, which was obtained by Reuters, praised the World Bank for its response to the Ebola outbreak that has killed more than 3,400 people in West...

  • Oct 4- Bill Gross, in his first interview since quitting asset manager Pimco, told Barron's magazine he was "uniquely exuberant" about giving up management responsibilities and was excited to get back to his investment roots. "Managing money is in my blood," Gross, who is the co-founder of Pacific Investment Management Co., told Barron's this weekend.

  • With Europe flirting with deflation, Japan not far from recession and a slowing economy in China, the world's No. 2 economy, there are worries the recovery from the deep 2007-2009 crisis is losing traction. A copy of the draft, which was obtained by Reuters, praised the World Bank for its response to the Ebola outbreak that has killed more than 3,400 people in West...

  • Latest GM recalls cover 57,000-plus vehicles Saturday, 4 Oct 2014 | 1:17 PM ET

    WASHINGTON, Oct 4- General Motors Co said on Saturday it was recalling more than 57,000 vehicles in the United States for potential problems ranging from a wiring problem in the steering column to inadvertent shutdown of the engine. The recall of 57,182 vehicles in three categories came a day after GM recalled 524,384 cars and sport utility vehicles globally...

  • Colombia's oil sector rejects proposed tax reform Saturday, 4 Oct 2014 | 11:08 AM ET

    BOGOTA, Oct 4- Colombia's oil sector on Saturday hit out at a proposed tax reform that the government has presented to Congress, arguing that higher duties on corporate earnings would damage the already troubled driver of the economy. A bill was presented to Congress on Friday that seeks to raise an additional 53 trillion pesos over the next four years, including...

  • Oct 4- About nine other banks and brokerages were infiltrated by the same group of hackers who recently attacked computer systems at JPMorgan Chase& Co, the New York Times reported late on Friday, citing unnamed people briefed on the matter. The report, which could not be independently verified and did not identify any of the victims beyond JPMorgan, said it was not...

  • FRANKFURT, Oct 4- The arrival of online transport company Uber should be used to boost competition in Germany's taxi market, though regulators must make sure traditional services do not face disadvantages, the head of the country's competition watchdog said. Courts in Berlin and Hamburg last month upheld bans on the company, saying it did not comply with German...

  • Siemens may close some energy plants amid low margins Saturday, 4 Oct 2014 | 7:38 AM ET

    FRANKFURT, Oct 4- German industrial conglomerate Siemens expects low profit margins at its energy division in the next couple of years and could close some factories as a result, the head of the division told the Boersen-Zeitung newspaper. Siemens strengthened it this year with the acquisitions of U.S.-based Dresser Rand as well as Rolls Royce's power unit.

  • China is ready to seize any business opportunities in Russia resulting from Moscow's diplomatic showdown with Europe over Ukraine, Beijing's ambassador to Berlin said this week. China and Russia have close economic and diplomatic links, and China has been unwilling to get involved in the Ukraine crisis aside from calling for talks and a peaceful resolution.

  • MOSCOW, Oct 4- Iran is not ready to replace Russia as a key gas supplier if sanctions against Tehran are removed, Itar-Tass news agency quoted Iranian President Hassan Rouhani as telling Russian TV channel Rossiya 1.. The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top...

  • China is ready to seize any business opportunities in Russia resulting from Moscow's diplomatic showdown with Europe over Ukraine, Beijing's ambassador to Berlin told Reuters this week. China and Russia have close economic and diplomatic links, and China has been unwilling to get involved in the Ukraine crisis aside from calling for talks and a peaceful...

  • SAN FRANCISCO, Oct 3- Microsoft Corp is demanding $6.9 million interest from Samsung Electronics in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday. Microsoft is asking the court to rule that it did not breach a business collaboration agreement with Samsung, and that Samsung must pay interest on...

  • In a rare move, District Judge Thomas Griesa held Argentina in contempt earlier this week, saying its attempts to pay holders of the bonds it restructured in 2005 and 2010 debt swaps locally were "illegal." The judge prevented Argentina in June from making a coupon payment to exchange bondholders because of his earlier ruling that the South American country...

  • Oct 3- The United Auto Workers on Friday announced the formation of UAW Local 112 for hourly workers at Daimler AG's Mercedes-Benz plant in Alabama, and confirmed it will work with two German labor groups to organize the plant. "What happens here is important to the future of the labor movement," said UAW president Dennis Williams, who swore in the initial members of...