*Dry weather set to cut Brazil coffee crop for two seasons. LONDON, March 10- Coffee prices climbed to a two-year high on Monday as dry weather in Brazil raised the prospect of a global deficit in 2014/ 15 and potentially the following season as well.» Read More
WASHINGTON, Oct 17- A wave of U.S. economic data is set to hit financial markets starting next week after a last-minute budget deal re-opened the federal government on Thursday.
WASHINGTON, Oct 17- President Barack Obama, in a rebuke to proposals by House Republicans for steep cuts in food stamps for the poor, urged Congress on Thursday to pass a farm bill "that protects children and vulnerable adults in time of need." The Democratic-run Senate suggested $4.5 billion could be squeezed out by closing certain loopholes.
*S&P 500 hits record closing high; IBM shares drop after results. President Barack Obama overnight signed legislation to fund the U.S. government until Jan. 15 and extend a debt ceiling deadline to Feb. 7, pulling the world's biggest economy back from the brink of a historic default.
SAN FRANCISCO, Oct 17- Advanced Micro Devices Inc posted a 6 percent decline in personal computer chip sales, dampening hopes that its fast-growing gaming-console business can take up the slack and sending its shares 7 percent lower.
NEW YORK, Oct 17- Orange juice futures sank the most in a month on Thursday in an investor selloff on signs of depressed demand. Front-month November futures sank even more drastically, down 6.2 cents, or 5 percent, to finish at $1.1750, weighed as investors rolling positions added pressure to spot prices.
SANTIAGO, Oct 17- Chile's central bank unexpectedly cut its key interest rate to 4.75 percent on Thursday to stimulate the Andean country's easing economic growth. In its monthly monetary policy meeting, the Board of the Central Bank of Chile decided to lower the monetary policy interest rate by 25 basis points, to 4.75%.
SAN FRANCISCO, Oct 17- Google Inc's quarterly results beat Wall Street's expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check, offsetting deepening losses from Motorola.
NEW YORK, Oct 17- A former technology analyst at expert networking firm Primary Global Research LLC avoided jail time on Thursday after a judge praised his "very substantial assistance" in cooperating with a government insider-trading investigation. District Judge Jed Rakoff in federal court in New York.
SANTIAGO, Oct 17- Chile's central bank unexpectedly cut its interest rate to 4.75 percent on Thursday to stimulate the Andean country's easing economic growth. The following table shows how the region's benchmark interest rates have evolved in recent months. **Uruguay has now ceased using a benchmark interest rate to guide monetary policy.
Oct 17- Dental products maker Align Technology Inc's quarterly results beat expectations for the third time in a row on strong sales of its invisible braces, sending its shares up 13 percent after the bell. The company forecast fourth-quarter sales of $169.1 million to $173.1 million, well above the average analyst estimate of $164.3 million.
SANTIAGO, Oct 17- Chile's central bank unexpectedly cut its interest rate to 4.75 percent on Thursday to stimulate the Andean country's easing economic growth.
Oct 17- Local legislators in Alabama's Jefferson County on Thursday passed a resolution threatening to withdraw a pending plan for exiting its landmark $4.2 billion municipal bankruptcy if Wall Street creditors do not agree to more concessions.
Oct 17- Like corded telephones, it is looking like our grandchildren will someday need to have the concept of rate hikes explained to them. Seriously, someone needs to put a Federal Reserve statement with an interest rate hike into a time capsule so future civilizations can know that once upon a time monetary policy could become something known as' tighter'.
*USDA cancels October crop supply/demand reports. *Gold rallies as U.S. budget deal seen delaying stimulus cuts. Gold held onto 3 percent gains throughout the session as the dollar tumbled on Thursday following the U.S. congressional deal to restart the government and avoid a federal debt default.
*Gina Rinehart legal dispute could eventually lead to power shift in company. SYDNEY, Oct 18- A bitter legal battle between Gina Rinehart and her children over control of Australia's largest mining fortune could ultimately lead to a shift of power in the board room and loosen the tycoon's legendary grip on her business empire.
BEIJING, Oct 18- China is close to announcing long-awaited reforms to its pension system, whose assets are estimated to have already fallen $3 trillion behind projected future payouts, as it seeks to create a sustainable safety net for a rapidly ageing population.
NEW YORK, Oct 17- Brixmor Property Group Inc, a shopping center company owned by Blackstone Group LP, said on Thursday it expected its initial public offering to be priced between $19 and $21 per share. Brixmor, which first filed for an IPO in July, is offering 37.5 million shares, according to a filing with the U.S. Securities and Exchange Commission.
*IBM falls on weak revenue, subtracts 76 points from Dow average. NEW YORK, Oct 17- The S&P 500 closed at a record high on Thursday as investor confidence grew following a last-minute deal to avoid a U.S. default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow.
Chinese personal computer maker Lenovo Group Ltd has signed a nondisclosure deal to examine the books of troubled Canadian smartphone maker BlackBerry Ltd, the Wall Street Journal reported on Thursday, quoting unnamed sources.
*At least eight brokerages cut IBM share-price targets. Oct 17- IBM Corp has reassigned the head of its growth markets unit, a source with knowledge of the move said, after a surprisingly steep drop in quarterly hardware sales in China prompted a 7 percent share slide on Thursday. IBM declined to comment, and the source did not say where Bramante would be reassigned.