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  • BNP-PARIBAS IP RAISES TACTICAL ALLOCATION ON DEVELOPED-MARKET EQUITIES TO "OVERWEIGHT" FROM "NEUTRAL".

  • BNP-PARIBAS IP DOWNGRADES GOVERNMENT BONDS TO "UNDERWEIGHT" FROM "NEUTRAL".

  • *Saudi Arabia tumbles ahead of National Commercial Bank IPO. DUBAI, Oct 16- Markets across the Middle East tumbled on Thursday as global equities and oil prices continued to decline, while Saudi Arabia's drop was magnified by investors selling to prepare for a $6 billion initial public offer of shares. "Lower oil prices shouldn't cause too many problems for the...

  • U.S., BRENT NOVEMBER CRUDE FUTURES EXTEND LOSSES AFTER EIA DATA, BRENT DECEMBER CRUDE TURNS LOWER.

  • WRAPUP 3-Data show U.S. economy's pulse is still strong Thursday, 16 Oct 2014 | 10:59 AM ET

    *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • UNITED NATIONS, Oct 16- A United Nations trust fund, seeking $1 billion to fight Ebola in West Africa, has received a deposit of just $100,000 nearly a month after it was set up to allow for rapid, flexible funding of the most urgent needs on the ground. As of Thursday, $365 million had been committed by at least 28 countries, the African Union, the European Union, the World...

  • CARACAS, Oct 16- The slump in global oil prices has heightened pressure on President Nicolas Maduro to enact politically risky reforms to bolster Venezuela's weak public finances and its ability to pay down debt. Crude prices under $85 have given new voice to reformers within Maduro's government, and critics outside, who say he needs to make urgent changes.

  • iPhone rollout likely widened T-Mobile's growth lead Thursday, 16 Oct 2014 | 10:51 AM ET

    WASHINGTON, Oct 14- Apple's iPhone 6 only went on sale in the last two weeks of the quarter, but the device's rollout may have been the U.S. cellular industry's top growth catalyst in the period, with T-Mobile US benefiting the most. "The iPhone cycle is going to favor the smaller operators, particularly T-mobile, which poses the biggest challenge for AT&T because it...

  • NEW DELHI, Oct 16- A high-powered academic who tells his students to read Joseph Conrad and Gabriel Garcia Marquez to better understand economic development was confirmed on Thursday as chief economic adviser to Indian Prime Minister Narendra Modi's government. His appointment inserts a friend of Reserve Bank of India Governor Raghuram Rajan at the heart...

  • *General Electric said considering sale of its Polish bank. *Bank share price rises sharply in Warsaw on sale talk. WARSAW, Oct 16- General Electric Co's announcement it may sell its Polish lender Bank BPH is an acknowledgement it failed to make the business thrive, even though Poland is one of the few places in Europe where banking is still in robust health.

  • *China water woes: http://graphics.thomsonreuters.com/14/chinawater/index. html. SINGAPORE, Oct 16- Small towns and rural areas in China are a huge opportunity for water companies and investors because their infrastructure lags that of big cities, a senior executive of Beijing Enterprises Water Group told the Reuters Global Climate Change Summit.

  • "The market is unwinding some of the moves that we saw yesterday as we come to the conclusion that, even if a Fed liftoff comes a bit later, that still means the U.S. dollar continues to have an advantage relative to most measures," said Martin Schwerdtfeger, currency strategist at TD Securities in Toronto. While consumer inflation at 0.3 percent was unchanged from...

  • *Learned on Wednesday, that second nurse diagnosed with Ebola visited with one Akron- area employee of co during stay in northeast Ohio. *Says a second employee has self-identified as possibly having contact. *Says these two employees do not have direct contact with FirstEnergy's customers.

  • NEW YORK, Oct 16- Private equity firm Corsair Capital said on Thursday that Edward "Ned" Kelly, a former Citigroup Inc executive, and Ranji Nagaswami, a former New York City official, had joined the firm as senior advisors. Kelly, who was chairman of Citi's Institutional Clients Group, and Nagaswami, who acted as chief investment adviser to former New York Mayor...

  • BELGRADE, Oct 16- Russia will reduce gas supplies to Europe if Ukraine steals from the transit pipeline to cover its own needs, Russian President Vladimir Putin said on Thursday, adding that he was "hopeful" it would not come to that. Russia cut off supply to Ukraine on June 16 over what gas exporter Gazprom said were billions of euros in unpaid bills.

  • JOHANNESBURG, Oct 16- South Africa's economic growth will probably accelerate next year if labour relations don't deteriorate again and if the global economy holds up reasonably well, a Reuters poll found on Thursday. If that happens, all bets are off, "said Dennis Dykes, chief economist at Nedbank, referring to crippling nationwide industrial unrest this year.

  • *Faltering euro zone economy, slower growth in China pose biggest risks. Indeed, the biggest danger for the world economy in the coming year is deflation or another recession in the euro zone, followed closely by the risk of slower growth in China, according to polls conducted globally over the past week. "Especially, the recent weakening of growth in emerging...

  • *Ireland to lead peripheral economies. Oct 16- It is still unclear whether the European Central Bank's stimulus measures will have a material impact on inflation, according to economists in a Reuters poll, who said sovereign debt purchases could help boost the euro zone economy. The currency bloc is stuck in a quagmire of weak growth and falling inflation with...

  • POLL-Italy growth prospects wilt, deficit to hit EU limit Thursday, 16 Oct 2014 | 10:20 AM ET

    *Spain seen growing 1.2 pct in 2014, 1.7 pct in 2015. ROME, Oct 16- Italy's growth prospects have slumped dramatically since the summer and economists now widely expect the euro zone's third-largest economy to shrink for a third consecutive year in 2014, a Reuters poll showed on Thursday. Renzi has staked his credibility on reforms to revive the euro zone's most...

  • *Areva says jumbo reactor still best product offer. *Areva hopes for new contracts in India, China. PARIS, Oct 16- Areva chief executive Luc Oursel, his job at risk from an imminent government overhaul, still believes the French nuclear group can win new contracts with its out-of-favor mega-reactor model in India and China.