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  • NEW YORK, Oct 20- Credit Suisse Group AG has awarded Wells Fargo& Co the exclusive right to recruit the Swiss bank's brokers who work in the United States, the companies said on Tuesday. Although Credit Suisse's brokerage business has become profitable in the last two years, it is too small "to sustainably compete without significant investment or acquisition," the...

  • SINGAPORE, Oct 21- Gold clung to overnight gains on Wednesday, supported by weakness in the dollar and global equities, as investors awaited clues on when the Federal Reserve will raise U.S. rates. *Spot gold was little changed at $1,176.40 an ounce by 0038 GMT. *Bullion gained as the euro rose against the dollar on Tuesday, bolstered by solid regional economic data...

  • *Loonie firms with Canada elections out of the way, BOC awaited. TOKYO, Oct 21- The euro firmed against the dollar early on Wednesday after solid euro zone data tempered prospects of the European Central Bank delivering additional stimulus before year-end. The euro rose 0.1 percent to $1.1353, adding to Tuesday's modest gains after it had struck a 10- day trough of...

  • WASHINGTON, Oct 20- U.S. lawmakers from the House of Representatives and Senate have reached an agreement to extend a Dec. 31 deadline for railroads to implement new safety technology, a leading Republican senator said on Tuesday. Senate Commerce Committee Chairman John Thune, a South Dakota Republican, said that talks between the two chambers have...

  • LAWMAKERS REACH AGREEMENT ON LANGUAGE EXTENDING DEC. 31 DEADLINE FOR RAILROADS TO IMPLEMENT NEW SAFETY TECHNOLOGY- SENATOR THUNE.

  • *U.S. crude for December delivery dropped 37 cents at $45.91 a barrel as of 0006 GMT after settling up one cent at $46.29. *Ex-Soviet oil producers, including Russia and Azerbaijan, are unlikely to significantly reduce output in order to lift global prices, industry experts said, leaving little chance of a deal when OPEC experts meet with non- OPEC producers on...

  • MONTREAL/ OTTAWA, Oct 20- Canada's Prime Minister-designate Justin Trudeau, who came from behind to trounce his Conservative rivals and snatch a majority mandate, now has to deliver on pledges from tackling climate change to legalizing marijuana. Trudeau, who had also promised to withdraw Canada from combat in the coalition fight against Islamic State, said he...

  • Japan Sept exports rise 0.6 pct year/year - MOF Tuesday, 20 Oct 2015 | 7:53 PM ET

    TOKYO, Oct 21- Japan's exports rose 0.6 percent in September from a year earlier, much slower than the prior month's gains, reflecting a slowdown in top trading partner China, Ministry of Finance data showed on Wednesday. The annual rise was less than a 3.4 percent gain expected by economists in a Reuters poll, and followed a 3.1 percent growth in the previous month.

  • Boehner is scheduled to retire from Congress on Oct. 30 and passage of a debt limit increase before a Nov. 3 deadline, when the Treasury Department expects to run out of borrowing authority, could be one of his last acts as speaker. Earlier on Tuesday, House Majority Leader Kevin McCarthy, the No. 2 Republican in the chamber, told reporters that he did not think there...

  • SYDNEY, Oct 21- Asian equities got off to a sluggish start on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week. MSCI's broadest index of Asia-Pacific shares outside Japan drifted off 0.07 percent. The S&P healthcare sector shed 1.5 percent, dragged...

  • CARACAS, Oct 20- Venezuela's proposed 2016 government budget foresees the maintenance of the OPEC nation's strongest official exchange rate of 6.3 bolivars per dollar despite speculation of a devaluation after December parliamentary elections. Earlier, presenting the proposed budget to parliament, Finance Minister Rodolfo Marco said it was based on an...

  • Yum's China spin-off puts new spotlight on risk Tuesday, 20 Oct 2015 | 7:19 PM ET

    LOS ANGELES, Oct 20- Yum Brands Inc's move to spin off its China business will allow investors to choose how much risk they are willing to stomach in the fast-food company's future. The company said on Tuesday it would split into two independent, publicly held companies by the end of next year- one focused on its nearly 6,900 KFC and Pizza Hut restaurants in China and...

  • LONDON, Oct 20- A leading British employers group stepped up its push to keep the country in the European Union on Wednesday, saying the alternatives would hurt trade. The CBI said the kind of arrangements that give access to the EU market to some countries outside it failed to offer a better package than membership for Britain. A Norway-style arrangement would...

  • The $100 million Dementia Discovery Fund is unusual in focusing on a single difficult-to-treat disorder and in bringing together both industry and government. The initiative was announced by British health minister Jeremy Hunt in March, following a Group of Eight nations conference in 2013 that set a goal of finding a cure or effective treatment for...

  • WASHINGTON, Oct 20- President Barack Obama on Tuesday selected Democrat Lisa Fairfax and Republican Hester Peirce to serve on the U.S. Securities and Exchange Commission, after months of delays and pressure from liberal groups to nominate someone who will be tough on Wall Street. Her name surfaced as a contender in media reports earlier this year, after liberal...

  • Oct 20- Virtualization software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates, sending its shares down 5 percent in extended trading. VMware, whose parent EMC Corp is being acquired by Dell Inc in a $67 billion deal, said EMC and Dell have committed to support the company's independent partnering strategy.

  • Oct 20- Intuitive Surgical Inc, which makes robotic equipment to assist in surgeries, reported a better-than-expected quarterly profit and revenue, benefiting from increasing use of its flagship da Vinci systems and a lower tax rate. Intuitive's da Vinci systems, which assists primarily in minimally invasive gynecological and urological surgeries, was...

  • WASHINGTON, Oct 20- Republican Majority Leader Mitch McConnell said on Tuesday he believes there are enough votes in the U.S. Senate to override a veto of a $612 billion defense bill, as the two U.S. political parties intensified their war of words over the legislation. The NDAA was passed by the Senate on Oct. 7 and the House on Oct. 1. If Obama vetoes the measure,...

  • RIO DE JANEIRO, Oct 20- Current global oil prices should lead companies operating in Brazil to better plan their field developments, Magda Chambriard, president of oil industry watchdog ANP, said on Tuesday. "The actual price of a barrel of petroleum demands more dedication to planning in the industry, which means that this is the moment to improve operationally,"...

  • RIO DE JANEIRO, Oct 20- Brazil's giant offshore subsalt oil and gas areas will only break even with oil worth $55 a barrel or more, Oswaldo Pedrosa, chief executive of state-owned oil-asset management company Pre-Sal Petroleo SA, said on Tuesday. The $55 a barrel figure is 14 percent higher than the current benchmark Brent crude oil price and 22 percent higher than...