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  • LONDON, Nov 4- European shares extended losses in late trading on Tuesday after Reuters reported that central bankers in the euro area planned to challenge European Central Bank chief Mario Draghi over his secretive management style. Markets have increasingly come to expect that disappointing economic numbers from Europe will eventually prompt the ECB to...

  • BEIJING, Nov 4- Alibaba Group Holding Ltd's e-commerce and mobile businesses surged in the September quarter, far outpacing its rivals' and glossing over weakening margins and decelerating earnings growth. Revenue rose 53.7 percent in the three months ending in September, dwarfing Amazon.com Inc's 20 percent growth over the same period.

  • *Michael Kors shares fell as much as 10 pct. Nov 4- Michael Kors Holdings Ltd warned of slowing growth in same-store sales ahead of the holiday shopping season, citing muted spending in North America and a drop in mall traffic. Michael Kors, founded by fashion designer and former "Project Runway" TV show judge Michael Kors, forecast sales and profit for the holiday...

  • LONDON, Nov 4- Investor expectations that the European Central Bank will resort to buying sovereign bonds to stave off deflation have steadily ratcheted up over the last year, according to analysts at UBS. The gap between an average of Spanish and Italian five-year yields and implied yields on Markit's main index for firms with credit ratings at BBB is back at...

  • Banerjee was 12 years old when he closed an early-stage funding round with Intel Capital, the company's venture capital arm, last month for his prototype for a low-cost Braille printer. The San Jose, California middle-schooler has since turned 13.. Nick D'Aloisio, founder of online news aggregator Summly, was 17 when Yahoo bought his company last year for $30...

  • HOUSTON, Nov 4- U.S. tight oil producer SandRidge Energy Inc, already pressured by the loss of its No. 2 executive and doubts about the quality of its acreage, said on Tuesday it would delay filing quarterly results and restate previous ones because of an SEC review. News of the restatement that will go back to late 2012 sent SandRidge shares tumbling 8 percent to...

  • *Cuts FY revenue forecast to $3.27 bln- $3.30 bln. Nov 4- Time Inc, which publishes Sports Illustrated, Time and People magazines, cut its full-year revenue forecast for the second time, hurt by falling circulation and weak print advertising. "Supply of advertising online continues to grow and it's really a function of explosive growth in mobile and social media...

  • *Saudi Arabia cuts oil prices for U.S. customers. NEW YORK, Nov 4- Oil dived more than 3 percent on Tuedsay to multi-year lows, as Saudi Arabia's sharp cut in export prices to the United States looked likely to deepen a global supply glut that has already driven prices down 30 percent since June. On Monday, Saudi Arabia surprised the market by raising prices for Asia and...

  • OTTAWA, Nov 4- Canada expects to finalize the creation of a yuan clearing hub in the country, a source familiar with the government's talks with Chinese officials said on Tuesday, with an announcement expected during Prime Minister Stephen Harper's trip to China in the coming week. China has in the past two years appointed clearing banks for Taiwan, Singapore,...

  • US STOCKS-Wall St falls as energy continues slide Tuesday, 4 Nov 2014 | 12:20 PM ET

    *Alibaba rises after results, Priceline falls. U.S. crude oil fell 2.9 percent to $76.46 per barrel, dropping to its lowest level in about three years after Saudi Arabia cut sales prices to the United States. The Energy Select Sector SPDR ETF fell 2.3 percent to $84.09, while Chevron Corp fell 1.3 percent to $115.32.

  • Nov 4- Discovery Communications Inc, owner of cable channels such as Animal Planet and Discovery Channel, cut its full-year revenue and profit forecasts, citing a strong dollar, weaker U.S. ratings and tensions between Russia and the West. Discovery gets more than half its revenue from its international networks, with about 2 percent of the total coming from...

  • Nov 4- Microsoft Corp said it teamed up with online file-sharing company Dropbox Inc to allow Office software users to manage and share files through Dropbox's website and mobile app. Microsoft said the functionality would be included in the next updates to the Office mobile apps, to be rolled out in the next few weeks, and online accessibility would be...

  • NEW YORK, Nov 4- The euro rallied on Tuesday on a report citing internal tensions within the European Central Bank over the leadership style of its chief, Mario Draghi, that has the markets expecting limits on future loosening of monetary policy. "The Reuters article suggesting the probability of adopting sovereign QE falling due to squabbling amongst the...

  • *Wheat also weak on technical selling. "We have established a short-to-intermediate top of our trading range and we are just kind of retreating back toward the middle of it," said Bill Gentry, broker at Risk Management Commodities. At 10:54 a.m. CST, Chicago Board of Trade corn for December delivery was down 7 cents at $3.66-1/ 2 a bushel.

  • JEDDAH, Saudi Arabia, Nov 4- Saudi Arabia should set up a sovereign wealth fund to protect itself from sliding oil prices by earning higher returns from its foreign reserves, Saudi billionaire Prince Alwaleed bin Talal said on Tuesday. Brent crude oil futures sank more than $2 a barrel on Tuesday to a four-year low of $82.32, a day after Saudi Arabia cut its official...

  • LONDON, Nov 4- Global equity markets fell on Tuesday as European shares dropped and U.S. equities extended declines after a Reuters report saying central bankers in the euro area plan to challenge European Central Bank President Mario Draghi's leadership style. Equities in Europe had already pared initial gains before the report after the European...

  • DUBLIN/ LONDON, Nov 4- Ireland raised 3.75 billion euros in 15- year debt on Tuesday as it took advantage of low interest rates to start refinancing some of its bailout loans from the International Monetary Fund with cheaper market funding. Ireland sold the new debt via syndication at a record-low yield of 2.49 percent, a level unthinkable just three years ago,...

  • Exchanges including Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, Bats Global Markets and CHX Holdings Inc's Chicago Stock Exchange said they deserve "absolute immunity" because they regulate themselves, and that only the U.S. Securities and Exchange Commission could review the plaintiffs' claims. A co-defendant, Barclays Plc, said the...

  • WASHINGTON, Nov 4- The International Monetary Fund ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis, the IMF's internal auditor said on Tuesday. The Washington- based multilateral lender, concerned about high debt levels and large fiscal deficits, urged countries like Germany, the United...

  • FRANKFURT, Nov 4- BMW AG has quietly throttled back its expectations for car sales this year, despite reporting a forecast-beating operating profit in the third quarter, when strong demand for sports utility vehicles helped offset lackluster sales of electric cars. While BMW Group is sticking to its goal of selling more than 2 million cars this year, Chief...