March 10- La Jolla Pharmaceutical Co said its lead experimental drug to treat chronic kidney disease met the main goal of improving kidney function in a mid-stage study, sending the company's shares up about 40 percent in extended trading.» Read More
LONDON, Nov 7- Gold edged lower on Thursday, hit by concern over the possible outcome of a European Central Bank meeting and a batch U.S. economic data which could give clues on when the Federal Reserve will begin rolling back its monetary stimulus.
Nov 7- Perfume and cosmetics maker Coty Inc reported a 2.9 percent fall in quarterly sales, hurt by weak demand for its fragrance and nail products in the United States. Net income attributable to Coty rose to $93.5 million, or 24 cents per share, in the first quarter ended Sept. 30 from $86.7 million, or 22 cents per share, a year earlier.
*West seeks first-step deal with Iran in Geneva talks. *Iran says deal possible "if everybody tries their best". LONDON, Nov 7- Brent crude fell towards $104 a barrel on Thursday to a fresh four month low as plentiful supplies and continued progress in talks between Iran and the West over Tehran's disputed nuclear programme weighed on prices.
By Meeyoung Cho and Jane Chung. SEOUL, Nov 7- South Korea should reduce its reliance on nuclear power as advised by a working group last month but should clarify how many new reactors will be added in absolute terms, participants at a public congressional hearing said on Thursday.
NEW DELHI, Nov 7- India's top iron ore exporting state of Goa hopes the Supreme Court will soon lift a year-long ban on mining but aims to rein in production to ease pressure on roads and infrastructure, the state's regulator of mining licenses said on Thursday.
MOSCOW, Nov 7- Russia forecast on Thursday that oil prices would remain flat in real terms through to 2030, taking a more bullish view than many independent forecasters who expect an exploration revolution to deliver ample supply and depress prices.
*Net profit falls to 229 mln Sfr, beats poll. ZURICH, Nov 7- Barry Callebaut, the world's No. 1 chocolate and cocoa maker, beat analysts' forecasts on Thursday as big food groups, such as Nestle and Mondelez, outsource more chocolate making and as confectionery sales rise worldwide.
*West seeks first-step deal with Iran in Geneva talks. *Iran says deal possible "if everybody tries their best". LONDON, Nov 7- Brent crude fell below $105 a barrel on Thursday to its lowest since early July as plentiful supplies and continued progress in talks between Iran and the West over Tehran's disputed nuclear programme weighed on prices.
*Euro edges up before ECB decision at 1245 GMT. LONDON, Nov 7- The euro held firm on Thursday before a meeting of European Central Bank policymakers who are expected to resist strong pressure to cut interest rates.
LONDON, Nov 7- The euro crept higher on Thursday as investors expected the European Central Bank to resist pressure to cut rates, while world shares dipped before U.S. data which could set the course for the Federal Reserve's policy.
*Sale part of Nestle plan to shed underperforming brands. ZURICH/ LONDON, Nov 7- Nestle is selling the bulk of its Jenny Craig weight loss business to a U.S. private equity firm as the world's largest food group works to trim its portfolio.
*Recovery of asset prices in UAE, Kuwait help. *Opel expects region's car market to grow 10-15 pct on average. Analysts estimate GDP in the richest Gulf Arab economies- Saudi Arabia, the United Arab Emirates, Kuwait and Qatar- is now growing at annual rates of around 3 to 5 percent, fuelled by high oil prices and heavy government spending.
TAIPEI, Nov 7- Taiwan's exports fell more than expected in October, as declines in shipments to China and the United States kept the island's export machine sputtering, highlighting erratic global demand.
DUBLIN, Nov 7- Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again.
*HeidelbergCement falls on outlook worries. LONDON, Nov 7- European shares opened marginally lower on Thursday as investors adopted a cautious stance before a policy update in which the European Central Bank is expected to signal monetary easing ahead.
*Q3 core profit $1.71 bln vs Reuters poll consensus $1.56 bln. *Repeats sees 2013 core profit of more than $6.5 bln. BRUSSELS, Nov 7- ArcelorMittal, the world's largest steelmaker, reported higher profit than expected in the third quarter, boosted by increasing iron ore shipments and cost savings, and declared it was through the bottom of the cycle.
MOSCOW, Nov 7- Russia on Thursday acknowledged for the first time that its economy would lag global growth in the next 20 years, setting the stage for an era of stagnation that could threaten President Vladimir Putin's grip on power.
*Inflation slump heaps pressure on ECB. FRANKFURT, Nov 7- The European Central Bank faces intense pressure to cut interest rates on Thursday but is unlikely to buckle, waiting instead to see whether a dive in inflation is sustained.
LONDON, Nov 7- European shares edged lower on Thursday, with investors trading cautiously before a European Central Bank rate decision and major data releases that have the potential to set the stock market's direction in the near term.
HONG KONG, Nov 7- Hong Kong shares closed at their lowest since late October on Thursday, as losses for Chinese financials deepened following media reports about possible reforms a Communist Party policy meeting starting this weekend might push. The Hang Seng Index fell 0.7 percent to 22,881.0 points, its lowest closing since Oct. 29.