HONG KONG— A report says growth in China's manufacturing unexpectedly ticked higher in September, easing concerns about the No. 2 economy's recovery. HSBC's purchasing manager index released Tuesday edged up to 50.5 this month from 50.2 in August. HSBC's China economist said the "picture is mixed," with new orders improving but employment falling.» Read More
EBAY'S WENIG SAYS MILLIONS OF CUSTOMERS HAVE CHANGED PASSWORDS, DECLINES TO PROVIDE SPECIFICS.
EBAY EXEC DEVIN WENIG SAYS CO STILL WORKING OUT COSTS TO COMPANY OF SECURITY BREACH.
EBAY SAYS HAS NO PLANS AT THIS POINT TO COMPENSATE CUSTOMERS OR OFFER FREE CREDIT MONITORING.
WASHINGTON, May 23- The United States on Friday confirmed duties on imports of stainless steel pressure pipe from Malaysia, Thailand and Vietnam after finding the products had been sold at unfairly low prices. Duties will be as high as 167.1 percent for some pipe from Malaysia, the Department of Commerce said in its final determination.
Iraqi engineers are fixing the main oil pipeline to Turkey after it was shut for nearly three months in attacks by an al Qaeda cell.
*S&P upgrade of Spain's credit rating stems euro's fall. NEW YORK, May 23- The euro fell to a three-month low against the dollar and a 17- month trough against the pound on Friday after a disappointing report on German business sentiment supported the view the European Central Bank will cut interest rates next month.
NEW YORK, May 23- The S&P 500 was on track for a record closing high on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Shares of Lennar Corp, the second-largest U.S. homebuilder in terms of revenue, shot up 3.4 percent to $40.33.
May 23- Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees accusing them of colluding not to poach each other's talent.
BASILDON, England, May 23- British Prime Minister David Cameron will be forced to step up his drive to claw back powers from the European Union to head off a challenge to his leadership after losing votes to the anti- EU UK Independence Party, its leader Nigel Farage said.
May 23- Aeropostale Inc could raise going concern doubts as soon as next year, as the struggling teen apparel retailer burns up cash amid mounting losses, Morgan Stanley analysts warned. "Aeropostale occupies the weakest competitive position in teen retail, and continues to cede market share to cheap fashion retailers and other teen retailers," the analyst said.
LONDON/ FRANKFURT, May 23- Leading global agribusiness group Archer Daniels Midland Co is among the bidders for German drink and food flavours maker Wild in a transaction valued at 1.5 billion euros, sources familiar with the deal said on Friday.
CPPIB, which manages Canada's national pension fund, said on Thursday its assets rose to a record C $219.1 billion at the end of fiscal 2014, as its investment portfolio returned 16.5 percent for the year ended March 31.
*Russia's state private equity fund has raised most funds from Middle East, Asia. ST PETERSBURG, Russia, May 23- Sovereign wealth funds in China and Qatar on Friday signalled their increased commitment to Russia, boosting Moscow's hopes of strengthening ties with Asia and the Middle East as relations with the West deteriorate.
BUENOS AIRES, May 23- After a decade of growth, Argentina faces a sharp decline this year as industrial output falls and one of the world's highest inflation rates hits consumer spending and new investment. Critics have for years predicted that President Cristina Fernandez's populist and interventionist policies would push the economy into recession.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.
LONDON, May 23- Daniel Plunkett, an options trader at Barclays Plc, became the first person to be fined for manipulating the setting of gold prices by Britain's financial watchdog on Friday. The Financial Conduct Authority fined Barclays 26 million pounds for failures in internal controls that allowed the incident to happen.
PARIS, May 23- Central banks need to cooperate to avoid a currency war, European Central Bank policymaker Benoit Coeure said on Friday, and the ECB should take account of the euro's exchange rate in its monetary policy deliberations.
*Areva, Alstom in competing French offshore consortia. *Areva keen on Alstom's contracts, not its technology. PARIS, May 23- France's nuclear group Areva would be interested in Alstom's offshore wind turbine contracts but would use its own turbine technology rather than the engineering group's, a source with direct knowledge of the situation told Reuters.
MOSUL, Iraq, May 23- Iraqi engineers are at last fixing the main oil pipeline to Turkey after it was shut down for nearly three months in attacks by an al Qaeda- offshoot cell, an oil official said. "Security is better now. and we managed to reach some damaged sections of the pipeline on May 19," said an oil official in Mosul.
MILAN/ ST PETERSBURG, May 23- Italy's Eni struck a landmark deal with Russia's Gazprom that abandons a 50- year old system of indexing gas supplies to oil prices, setting a precedent other European buyers may be able to use in negotiations.