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  • Oct 28- New York state's financial regulator is seeking more than $300 million from Bank Leumi as part of a probe of whether the Israeli bank assisted U.S. citizens in evading taxes, according to a person familiar with the matter. The penalty from New York state's Department of Financial Services, which regulates certain banks in the state, is separate from...

  • *Japan govt struggling with sales tax hike plan. TOKYO, Oct 29- Japan's plan to raise its sales tax for the second year in a row next year may not be positive for the country's credit rating if it snuffs out any chance of economic recovery, a senior official of Standard& Poor's said. "In general, it is better to raise taxes, but in Japan's case it may not be a positive if the...

  • SYDNEY, Oct 29- London nickel added a further 2 percent on Wednesday to 5- percent gains the session before, as worries about declining ore stocks in China set off a buying spree that traders said included purchases by consumers. *Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and...

  • Industrial production rose by 2.7 percent in September, the fastest pace since January, easing some concerns about Japan's factory activity and the broader economy. Japan's largest investment banking and securities group Nomura Holdings was boosted by better-than-expected earnings. Shares in the firm soared 5 percent after its second quarter net profit...

  • LIMA, Oct 28- Hundreds of indigenous community members took control of a small Amazonian airport inside Peru's biggest oil block, tribal leaders said on Tuesday, part of a dispute with Argentine energy firm Pluspetrol and the government over pollution and use of local resources. The airport, in the district of Andoas in Peru's northern region of Loreto, was...

  • LAGUNA BEACH, Calif., Oct 28- The former head of Google Inc's mobile wallet is drawing on the lessons of that failed initiative in his latest payments startup, Poynt. The startup founded by Osama Bedier, also a former PayPal executive, is launching on Wednesday a point-of-sale device that competes with the required payment terminals now used by restaurants,...

  • Former Google executive gets into payment terminals Tuesday, 28 Oct 2014 | 9:14 PM ET

    SAN FRANCISCO, Oct 28- The former head of Google Inc's mobile wallet is drawing on the lessons of that failed initiative in his latest payments startup, Poynt. The startup founded by Osama Bedier, also a former PayPal executive, is launching on Wednesday a point-of-sale device that competes with the required payment terminals now used by restaurants, retailers...

  • Oct 28- An unmanned Antares rocket exploded seconds after liftoff from a commercial launch pad in Virginia on Tuesday, marking the first accident since NASA turned to private operators to deliver cargo to the International Space Station. The 14- story rocket, built and launched by Orbital Sciences Corp, blasted off its seaside launch pad at the Wallops Flight...

  • WASHINGTON, Oct 28- The U.S. unit of BAE Systems Plc on Tuesday said the U.S. Air Force has halted some of the company's initial work on a project to upgrade South Korea's F-16 fighter jets amid ongoing talks about the second phase of the project. "We remain concerned about the lack of progress in the negotiations between the Republic of Korea and the U.S. Air Force on...

  • TOKYO, Oct 29- Japan's industrial output rose in September at the fastest pace in eight months in a tentative sign of recovery in factory activity, offering some relief for Prime Minister Shinzo Abe as he moves closer to making a decision on a second sales tax hike. Some analysts think the third quarter growth figures would be robust enough to allow Abe to proceed...

  • PRECIOUS-Gold holds near $1,230, waiting on Fed Tuesday, 28 Oct 2014 | 8:35 PM ET

    SINGAPORE, Oct 28- Gold hovered near $1,230 an ounce in early deals on Wednesday, clinging to gains from the previous session after demand for U.S.-made capital goods dropped the most in eight months, as investors wait for the outcome of a Federal Reserve meeting. *Spot gold was up 0.1 percent at $1,229.17 an ounce by 0023 GMT, adding to modest gains on Tuesday.

  • *Wall St shares up more than 1 pct, lift Asian shares. TOKYO, Oct 29- Asian shares advanced to one-month highs on Wednesday, helped by Wall Street which gained on optimism over corporate earnings and prospects the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 percent, led by 0.6 percent rise in South Korean shares while Japan's Nikkei...

  • TOKYO, Oct 29- U.S. crude futures stood little changed above $81 a barrel on Wednesday after industry data showed a rise in U.S. crude inventories that was in line with expectations. *NYMEX crude for December delivery was up 7 cents at $81.49 a barrel by 0000 GMT, after settling up 42 cents at $81.42 on Tuesday on the back of a weak dollar and firm U.S. equities.

  • DIARY - Top Economic Events to Nov 11 Tuesday, 28 Oct 2014 | 8:01 PM ET

    Commerce Secretary Penny Pritzker participates in Washington Ideas Forum session hosted by the Atlantic and the Aspen Institute- 1300 GMT. BIRMINGHAM- Bank of England Chief Economist Andy Haldane to speak at the Maxwell Fry Global Finance Lecture- 1715 GMT. TALLINN- Estonian Central Bank to present its Financial Stability Review- 0800 GMT.

  • Tajikistan most improved in World Bank business ranks Tuesday, 28 Oct 2014 | 8:01 PM ET

    WASHINGTON, Oct 28- Tajikistan made the greatest strides in business-friendly reforms in the past year, part of an overall trend of improving business regulations across Eastern Europe and Central Asia, the World Bank said in a report released on Tuesday. In general, 85 percent of countries in Eastern Europe and Central Asia have made it easier to do business in...

  • Japan Sept industrial output rises 2.7 pct mth/mth Tuesday, 28 Oct 2014 | 7:57 PM ET

    TOKYO, Oct 29- Japan's industrial output rose 2.7 percent in September, bouncing from the prior month's decline, government data showed on Wednesday, a result that could ease concerns about the outlook for the country's factory activity and broader economy. The rise compared with economists' median estimate of a 2.2 percent increase in a Reuters poll.

  • RIO DE JANEIRO, Oct 28- Newly re-elected President Dilma Rousseff said on Tuesday that the Brazilian economy will recover in her second term and avoid a downgrade of its credit rating. Earlier on Tuesday, a senior analyst at Moody's Investors Service said the ratings agency was in no rush to decide whether to cut Brazil's rating but could act quickly if it...

  • WASHINGTON, Oct 28- It's not often that a White House official gets mocked on both Saturday Night Live and a major daily newspaper before he makes his first public appearance. But Ron Klain's low-profile first week as President Barack Obama's behind-the-scenes Ebola "czar" has become another attack point for a White House struggling to show it's on top of the...

  • Oct 28- A federal judge on Tuesday ordered mediation in a lawsuit over a suspected design flaw in highway guardrails made by Trinity Industries Inc, which resulted last week in a $175 million jury verdict against the company. District Judge Rodney Gilstrap in Marshall, Texas ordered Trinity and the whistleblower who brought the case to attend mediation with...

  • The cause of the accident was not immediately known, said NASA mission commentator Dan Huot. NASA launch control said damage appeared to be limited to the launch facility and rocket. Virginia- based Orbital Sciences is one of two companies hired by NASA to fly cargo to the station after the space shuttles were retired.