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  • Oct 8- Windy Cove Energy LLC said it received a $700 million equity investment from Blackstone Group LP, funds the company will use to buy mature oilfields that it will flood with carbon dioxide to free trapped oil and gas. U.S. companies such as Denbury Resources Inc, Whiting Petroleum Corp and privately held Roosevelt Resources LP inject carbon dioxide into...

  • BRUSSELS, Oct 8- China and the European Union are closing in on a deal to resolve a long-running telecoms dispute by the end of the month, people close to the matter say, potentially putting an end to one of the most divisive issues between the two big trade partners. Beijing is considering a deal in which China promises to limit its export credits to China's No. 2...

  • BOGOTA, Oct 8- Colombia's government is pushing a tax reform through Congress to plug a $26.2 billion financing hole over four years but it may not be enough to make up for lower oil revenues and higher social spending as part of plans to end five decades of war. But critics question how the government will bring in revenue beyond then and say Colombia needs...

  • MOSCOW, Oct 8- Russia's rouble continued to slide on Wednesday, under pressure from falling oil prices and demand for dollars by local companies, prompting further central bank action to stem its decline. Natalia Orlova, chief economist at Alfa Bank in Moscow, estimates the central bank spent $500 million on Tuesday and $1.3 billion on Wednesday, in addition to...

  • Oct 8- Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company. EMC's structure of combining several businesses obscures enormous value, Elliott Management said in a 13- page letter that it...

  • Europe shares hit two-month low on growth jitters Wednesday, 8 Oct 2014 | 10:50 AM ET

    PARIS, Oct 8- European stocks sank on Wednesday, extending their week-long selloff and with a benchmark index hitting its lowest level since mid-August as mounting concern about global economic growth spooked investors. Europe's renewed sell-off mirrored overnight losses in Asian and U.S. equities after the IMF cut global growth forecasts.

  • LONDON, Oct 8- Brent crude oil fell to a fresh 27- month low under $91 a barrel on Wednesday as gloomy economic growth forecasts prompted concerns about global oil demand and U.S. inventory data confirmed abundant supply. Brent for November was down $1.30 at $90.81 by 1442 GMT, after hitting $90.57 earlier in the session, its lowest price since June 2012.

  • CRUDE OIL FUTURES EXTEND LOSSES BY MORE THAN $2 FOLLOWING EIA DATA RELEASE.

  • NEW YORK, Oct 8- The U.S. dollar index rose on Wednesday, continuing a recent rally that has taken it to four-year highs and contributed to an environment where fewer companies are expected to top third-quarter revenue expectations, Barclays wrote. "Estimates have not fully adjusted to reflect recent headwinds," Barclays said in a note after the market closed on...

  • CRUDE OIL FUTURES EXTEND LOSSES AFTER EIA DATA RELEASE.

  • TREASURIES-Bond yields inch lower ahead of Fed minutes Wednesday, 8 Oct 2014 | 10:30 AM ET

    *U.S. to sell $21 billion in 10- year notes. "It's a little bit of a retracement from yesterday's sharp move," said Sean Murphy, a Treasuries trader at Societe Generale in New York. While the Fed renewed its pledge to keep rates near zero for a "considerable time" after its massive bond-buying program ends, the minutes could show more Fed officials arguing for a hawkish...

  • LONDON, Oct 8- Emerging markets have provided investors with the best and worst returns of 2014, with league tables of mutual fund performance showing India- themed vehicles dominating the top and Russia conspicuous at the bottom. India- focused funds topping the league table have returned 40-50 percent this year. Avinash Vazirani, manager of Jupiter Asset...

  • Oct 8- Citigroup Inc's consumer finance unit, OneMain Financial Holdings Inc, filed for an initial public offering of its common stock, a big step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest...

  • Amgen psoriasis drug succeeds late-stage trial Wednesday, 8 Oct 2014 | 10:14 AM ET

    Oct 8- Amgen Inc said its experimental drug to treat a type of skin disease compared favorably with AbbVie Inc's Humira, a commonly prescribed drug for the condition, in a late-stage trial. The drug, ABP 501, was being tested in patients with plaque psoriasis, a skin disease caused by dysfunction of the immune system that leads to painful, itchy red patches.

  • *Iran to hold its biggest investment forum in years in London. *But sanctions remain, Britain won't encourage Iran trade. But the Europe-Iran Forum is being held at a politically sensitive moment as world powers try to reach a deal with Iran on its nuclear program before a Nov. 24 deadline.

  • NEW YORK, Oct 8- U.S. stocks were little changed on Wednesday after a selloff that took the S&P 500 to its lowest level in nearly two months, as concerns lingered over how a strong dollar and weak global growth may impact corporate earnings. Costco Wholesale Corp was among the market's leaders, rising 1.9 percent to $127.65 after its profit topped analysts'...

  • WILLISTON, N.D., Oct 8- Desperate for a fresh start, unemployed workers from all over the world have converged on North Dakota's burgeoning oil patch, seeking six-figure salaries and the rewards of living in the fastest-growing economy in the nation. "The Overnighters" tracks the men, and a handful of women, whose dreams of wealth and redemption from past mistakes...

  • Fed's Evans says would accept 2.5 percent inflation Wednesday, 8 Oct 2014 | 10:04 AM ET

    PLYMOUTH, Wisc., Oct 8- Chicago Federal Reserve Bank President Charles Evans said on Wednesday he would tolerate an increase in inflation to as high as 2.5 percent, temporarily, in the interest of getting the economy back on track to health. Under his current outlook, Evans said inflation would not rise back to the Fed's 2 percent target until 2018..

  • WASHINGTON/ TOPEKA, Oct 8- The Republican Party is making an 11th- hour push to hold a historically conservative U.S. Senate seat in Kansas, where some polls show independent Greg Orman pulling ahead of incumbent Pat Roberts just weeks before the Nov. 4 election. Republicans, who hope to wrest Senate control from Democrats, have raised money and sent top strategists...

  • Price cuts no quick cure for Tesco's ills Wednesday, 8 Oct 2014 | 9:55 AM ET

    LONDON, Oct 8- Cheaper meat and vegetables should draw shoppers back into Tesco stores but it will take time for the new boss of Britain's biggest grocer to win back market share. Customers seeking to save money in a sluggish economy have turned away from the market leader to discounters such as Aldi and Lidl, igniting a price war in British grocery shopping and...