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  • INVESTMENT FOCUS-Time ticks on "Buy Europe" trade Friday, 2 Oct 2015 | 12:16 PM ET

    LONDON/ MILAN, Oct 2- Despite a bruising reversal this summer and the worst quarterly performance since 2011, the "Buy Europe" equity trade is still on for investors looking to tap a regional recovery fed by plentiful central-bank cash. But beneath the surface bullishness surrounding Europe- which has attracted investment inflows in 18 out of the past 20 weeks,...

  • *Amicus unlikely to file application this year. Oct 2- Amicus Therapeutics Inc said it was unlikely to submit a U.S. marketing application for its lead drug, to treat Fabry disease, by the end of 2015 as expected, after U.S. health regulators asked for a more comprehensive analysis of trial data. Amicus's stock slumped as much as 59 percent to $5.69, at which point about...

  • *Sept nonfarm payrolls up by 142,000 vs 203,000 expected. Oct 2- U.S. stocks were weaker but well of their lows on Friday morning as a disappointing jobs report raised doubts about the strength of the labor market and whether the economy was robust enough for an interest rate hike. The report, the last before the Fed's meeting at the end of October, appeared to belie...

  • Oct 2- The National Highway Traffic Safety Administration is upgrading its investigation on 20,275 Ford Motor Co's Explorer Police Interceptor vehicles over sudden brake failures. In April, the NHTSA had first opened a preliminary investigation into reports of brake failures in the model year 2015 vehicles. The Sacramento police fleet has reported seven...

  • BRASILIA, Oct 2- Brazil's beleaguered President Dilma Rousseff shrank her cabinet and reshuffled ministers on Friday to bolster alliances within her coalition government and lessen the risk of impeachment sought by opponents. "My government is seeking support in Congress," she said. She named former sports minister Aldo Rebelo, a longtime ally of the ruling...

  • LONDON, Oct 2- German Bund yields fell to four-month lows on Friday after weaker-than-expected U.S. jobs data heightened pressure on the European Central Bank to expand its bond-buying stimulus programme. The weaker U.S. outlook deepened worries about the economic slowdown in China and stirred questions about prospects for another economic giant, the euro...

  • *Gold rebounds from two-week low after U.S. payrolls data. *Platinum recovers from lowest since December 2008. NEW YORK/ LONDON, Oct 2- Gold jumped more than 2 percent on Friday and was on track for its biggest daily gain since January on a flurry of short-covering as dismal U.S. jobs data dented expectations the Federal Reserve will raise interest rates this year.

  • WASHINGTON, Oct 2- The weak U.S. September jobs report published Friday is another sign that Federal Reserve policy may be uncomfortably tethered to the strength of the global economy, as a year long swoon in exports helped wipe out manufacturing jobs and slow employment growth. The weak September job numbers "reflect the deceleration in activity abroad and,...

  • TORONTO, Oct 2- Royal Bank of Canada led a rise in the value of Canadian equity issues for the first nine months of 2015, overcoming a slowdown in the third quarter due to increased choppiness in equity markets. BMO Capital Markets was No. 2 in the league table rankings, followed by Bank of Nova Scotia. The biggest deal of the year so far was a C $2.2 billion equity raise...

  • NEW YORK, Oct 2- U.S. U.S. employers hired 142,000 people last month, far below the 203,000 forecasters had expected, while August job gains were revised lower to show only 136,000 were added, the U.S. Labor Department said. "The U.S. economy has been the one shining star globally and the report creates doubts on that front," said Priya Misra, head of global rate strategy at...

  • *Coming up: U.S. weekly oil rig count at 1 p.m. EDT. NEW YORK, Oct 2- Oil prices fell around 1 percent on Friday, heading for a weekly decline, as weaker-than-expected U.S. economic data weighed on the energy demand outlook and Hurricane Joaquin veered away from oil installations in the U.S. East Coast. Brent, the global oil benchmark, was down 55 cents, or 1.2 percent, at...

  • Oct 2- Experian, the world's biggest credit data firm, could face fines and class-action lawsuits as well as reputational damage from the data breach at its U.S. business, according to analysts covering the company. Experian's shares fell about 4.5 percent to their lowest since December on Friday following news that the breach had exposed the personal...

  • NEW YORK, Oct 2- U.S. and European stocks slipped and bond prices jumped on Friday, after a weak U.S. employment report suggested the economy may not be strong enough to allow the Federal Reserve to raise interest rates this year. The economy created an extra 142,000 jobs in September, well short of the 203,000 forecast, and August numbers were revised sharply lower...

  • CHICAGO, Oct 2- U.S. wheat futures rose on Friday, on track for their fourth straight weekly gain, on concerns about dry conditions in Russia limiting crop production, traders said. Chicago Board of Trade soft red winter wheat for December delivery was up 3-1/ 2 cents at $5.21-3/ 4 a bushel at 9:56 a.m. CDT. "Russia is a big issue because of the dryness," said Ole Houe, an...

  • Ramzi bin al Shibh, who military prosecutors say relayed money and messages to the 9/ 11 hijackers, asked his lawyers to send a message to his nephew in Yemen. After the meeting, the defense team's translator went to another part of the U.S. Navy base, called Yemen from a landline and had a five-minute phone conversation with Bin al Shibh's brother.

  • *Renault, Peugeot, Fiat more exposed than Volkswagen. PARIS/ BRUSSELS, Oct 2- Volkswagen's cheating on emissions tests has soured the European car industry's heavy bet on diesel, with Renault, Peugeot and Fiat Chrysler potentially facing bigger long-term setbacks than the company that sparked the crisis. In the near term, VW will continue to suffer the worst...

  • *Copper stocks in LME approved warehouses lower. LONDON, Oct 2- Copper fell on Friday as worries about demand in top consumer China were compounded by weaker U.S. job data that fueled concerns about growth in the world's largest economy as well. Benchmark copper on the London Metal Exchange slipped 1.5 percent to $5,021 per tonne at 1425 GMT, wiping out earlier...

  • Oct 2- Wal-Mart Stores Inc is cutting 450 jobs at its headquarters in Arkansas as part of a reorganization of the retailer's management structure, according to an internal memo circulated to staff on Friday. The cuts are aimed at making the world's largest retailer by revenue a "more nimble organization" and is part of a review that will lead to "pulling back in some...

  • Oct 2- Delta Air Lines Inc on Friday said its third-quarter unit revenue continued to fall during the year's busiest travel season but hinted that financial metrics were already improving. For months, Delta and rivals American Airlines Group Inc and United Continental Holdings Inc have seen steep declines in unit revenue as a strong U.S. dollar hurt travel...

  • Oct 2- Amicus Therapeutics said it was unlikely to submit a marketing application for its lead drug by the end of the year as expected, after the U.S. Food and Drug Administration asked the company better compile its trial data. Amicus met with the FDA earlier this year to talk about migalastat's marketing application. However after reviewing of the minutes of...