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  • *China stocks hit near 2- month as recovery continues. *China uncertainty weigh on metals. LONDON, Oct 20- European shares fell for the first time in four days on Tuesday and the euro kicked away from a 10- day low as solid euro zone bank lending data cooled expectations of another jolt of European Central Bank stimulus this week.

  • *Gold snaps 3- day losing streak to rise. LONDON, Oct 20- Gold firmed on Tuesday as the euro recovered some lost ground against the dollar ahead of a European Central Bank meeting this week, which is expected clarify the outlook for monetary policy after mixed messages from policymakers. Gold touched a 3-1/ 2- month high last week on bets the Federal Reserve would not...

  • But MSCI's main emerging equity index slipped 0.4 percent, dragged lower by a subdued performance in Hong Kong. China's third quarter GDP data on Monday was slightly better-than-expected at 6.9 percent, but not so strong that it would head off further stimulus measures. China will launch its first overseas "dim sum" renminbi bond from London later on Tuesday,...

  • *Iran, Libya could offset U.S. production declines. LONDON, Oct 20- Vitol, the world's largest oil trader, believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return of Iranian and maybe even Libyan barrels. The price of oil has halved over the last 12 months, mainly as a...

  • LONDON, Oct 20- Genel Energy, one of the main oil producers in Iraqi Kurdistan, has cut its full-year production and revenue forecasts after reducing investment because of weak prices and a debt it says is owed by the Kurdistan Regional Government. The London- listed company, which says is owed around $400 million, said on Tuesday it will not invest in increasing...

  • *Basel says most banks unaffected by new rules. Overall, capital held against trading books will on average have to quadruple, some 28 banks including Citi, Deutsche Bank, Goldman, HSBC and JP Morgan said in a submission to regulators. Banks have submitted data to Basel to quantify the impact of the rules that are likely to come into effect in 2019..

  • *Union frets about job losses in South Africa. JOHANNESBURG, Oct 19- Belgian brewer Anheuser-Busch InBev may have won over peer SABMiller, but the $100 billion- plus deal could face delays in South Africa, where the now British company began selling its ubiquitous Castle Lager 120 years ago. But that might not be easy in South Africa, where the mandate for anti-trust...

  • TAIPEI, Oct 20- Taiwan's export orders fell by far less than expected in September as the launch of Apple Inc's latest iPhones boosted demand for the island's signature technology goods. Taiwan's export orders are seen as a leading indicator of demand for Asia's exports and for hi-tech gadgets as they typically lead actual exports by two to three months.

  • SINGAPORE, Oct 20- Weakening currencies in some of Asia's biggest wheat buyers have hit demand for the grain, with imports across the region likely to fall 5-8 percent in 2015 from a year ago, agricultural commodities trader Agrocrop International said on Tuesday. Flour mills across Asia are making hand-to-month purchases, with some of them reducing imports,...

  • *Rapid growth in retail FX, partly driven by smartphones. LONDON, Oct 20- Once the preserve of big international banks, smartphones are putting the power to deal currencies into the hands of a new cohort of traders, who can make a fortune-- or lose their shirt-- on the bus to work. Mobile trading makes up about 60 percent of transactions, up from 10 percent four years ago, at...

  • European shares slip as commodity stocks extend losses Tuesday, 20 Oct 2015 | 4:38 AM ET

    *Actelion up after raising earnings forecast. LONDON, Oct 20- European shares fell on Tuesday, with mining and energy stocks extending losses in the wake of weak data this week from China, the world's second-biggest economy. Miners such as Glencore and BHP Billiton fell for the second session in a row in the aftermath of data from China on Monday, which showed growth...

  • NEW DELHI, Oct 20- Indian miner Vedanta Ltd expects its iron ore exports from the state of Goa to be much higher than its permitted mining capacity of 5.5 million tonnes in the fiscal year to March, as it bids for ore in government-run auctions. The country's biggest private miner has resumed operations in Goa following a three-year gap after court action against...

  • FRANKFURT, Oct 20- Europe's biggest software company SAP said it could accelerate past full-year financial targets in the fourth quarter, its most important period of the year, as it confirmed the strong quarterly results it had outlined last week. The German company's 19 percent increase in third quarter operating profit contrasted with software and...

  • Stop that drone: UK's Chess Dynamics eyes orders Tuesday, 20 Oct 2015 | 4:31 AM ET

    "We expect to get an order in the next six months," business development manager Julian Moir said in an interview, following recent trials of the product in France, Britain and the United States. In Britain and Poland, there have been "near miss" incidents over the last 18 months when drones have flown close to passenger airplanes at airports. Earlier this year, drones...

  • *Submits $5- billion plan to develop Iran gas field. NEW DELHI, Oct 20- The foreign investment arm of India's top oil explorer ONGC is targeting $10- $12 billion of oil and gas asset purchases over the next three years, including more corporate acquisitions, its managing director said. The firm has stakes in 33 oil and gas projects from Venezuela to South Sudan but its...

  • UPDATE 4-Oil steadies but focus still on oversupply Tuesday, 20 Oct 2015 | 4:20 AM ET

    *Iran plans 500,000 bpd output increase- Iranian official. U.S. light crude was up 20 cents at $46.09 after closing down $1.37, or 3 percent. "This is the usual pattern," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.

  • FOREX-Euro recovers from bout of pre-ECB selling Tuesday, 20 Oct 2015 | 4:07 AM ET

    LONDON, Oct 20- The euro recovered from a 10- day low against the dollar on Tuesday, with a change in the mood music from European Central Bank policymakers before Thursday's meeting beating back market bets on further monetary easing. ECB governing council member Christian Noyer said late on Monday the European Central Bank's quantitative easing program was...

  • Oct 20- Hong Kong stocks fell on Tuesday as investors took profits after a three-week rebound that boosted the benchmark Hang Seng Index by more than 13 percent. The Hang Seng index ended down 0.4 percent at 22,989.22 points, while the China Enterprises Index also lost 0.4 percent to 10,649.45. Among the biggest fallers in Hong Kong were commodity-related...

  • LONDON, Oct 20- InterContinental Hotels Group, one of the world's largest hoteliers, said it was confident in its outlook after reporting higher than expected growth in its third quarter, lifting its shares. IHG, which runs over 4,900 hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, said its European business was its strongest...

  • LONDON, Oct 19- Bank of England Governor Mark Carney will spell out how Britain's membership of the European Union affects the central bank's ability to manage the economy and protect the country's banking sector in a key speech on Wednesday. Cameron is trying to renegotiate the terms of Britain's EU membership and has not yet set a firm referendum date.