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  • KINSHASA, Oct 13- Democratic Republic of Congo's economy is set to grow by 10.4 percent next year, the government said on Monday, driven by an expansion of agriculture, mining and infrastructure spending in Africa's largest copper producer. The forecast, contained in the government's 2015 budget, was higher than the International Monetary Fund's 8.5 percent...

  • MUMBAI, Oct 13- Reliance Industries Ltd, a conglomerate that operates the world's biggest refinery, reported a rise in profits that beat forecasts, helped by stronger refining margins, and said it would invest up to $9 billion in the next two quarters. The company, controlled by India's richest man, Mukesh Ambani, has been expanding beyond its core refining and...

  • SAO PAULO, Oct 13- Under pressure in Brazil's closest election race in decades, President Dilma Rousseff is centering her campaign around a familiar bogeyman- an 83- year-old former president associated with a more turbulent, elitist era. In numerous TV ads and speeches, Rousseff has warned that a vote for her opponent in the Oct. 26 runoff vote, centrist Senator...

  • LONDON, Oct 13- Investors are rethinking their exposure to emerging markets, focusing on countries likely to weather lean times with manufacturing exports to the United States while avoiding those that have thrived on sending commodities to a now slowing China. After the financial crisis erupted in 2008, emerging markets drew in huge amounts of capital as...

  • ADVISORY-No U.S. Treasury report due to U.S. holiday Monday, 13 Oct 2014 | 12:14 PM ET

    Treasury market report will be produced on Monday due to the closure of the U.S. bond market for the U.S.

  • CHICAGO, Oct 13- Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd, but analysts said any such deal would face significant regulatory and other hurdles. According to the report in the Wall Street Journal late on Sunday, the No. 2 Canadian railroad made a bid last week for...

  • NEW YORK, Oct 13- Little-known medical equipment and biotech companies jumped on Wall Street on Monday, following news that a nurse had become the first person to contract the deadly Ebola virus in the United States. Shares of biotechnology company Ibio Inc, hazmat suits maker Lakeland Industries Inc, and face mask maker Alpha Pro Tech Ltd were all higher near...

  • *OPEC unlikely to cut output to support prices- Kuwait. But Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC's biggest producer told Reuters. OPEC is due to discuss output at its next meeting Nov. 27.

  • LONDON, Oct 13- The euro zone needs a "grand bargain" between Germany and France to allow substantial new fiscal and monetary stimulus to revive its economy, the head of Poland's central bank said on Monday. Marek Belka, previously the International Monetary Fund's European head, also said he was comfortable with market expectations of another 50 basis point cut...

  • PARIS, Oct 13- Areva, France's struggling reactor builder, is unlikely to win much in the way of big new nuclear export contracts despite a major government-backed effort to woo customers at a trade show this week. The Oct. 14-16 World Nuclear Exhibition, at the same venue as the Le Bourget airshow, is designed to boost Areva and France's associated nuclear industry,...

  • *Trade data ease worries over China slowdown. Stronger-than-expected data out of China gave the bulls some respite, but traders remained cautious after numbers out of China and Germany last week pointed to a global slowdown. "I think you are going to be surprised, earnings are going to be solid and the guidance forward is going to be OK, so I don't think this...

  • *NetScout shares up 3 pct; Danaher 1 pct. Danaher shareholders will get NetScout shares worth $2.6 billion, giving them majority stake in the company, while NetScout will have operational control. Danaher's technology will help jump start NetScout's cyber security efforts, NetScout CEO Anil Singhal said, noting that the deal comes after five years of talks with...

  • DUBAI, Oct 13- Most major stock markets in the Middle East rebounded on Monday, led by bourses in Dubai and Saudi Arabia, as global equities stabilised and several companies in the region reported strong quarterly earnings. The main indexes in Dubai and Saudi Arabia plunged 6.5 percent. But although Dubai tumbled as much as 2.7 percent early on Monday, it closed 1.9...

  • The declines were sparked last week by a cut in the global growth forecast by the International Monetary Fund and disappointing economic data in Europe. Earnings season will pick up this week, with results expected from Dow components Intel, Johnson& Johnson, UnitedHealth, American Express and General Electric, as well as financials Morgan Stanley, Citigroup,...

  • *Luxottica shares tumble as new CEO set to leave. Shares in German lender Commerzbank rose 2.3 percent after sources told Reuters preliminary talks with the European Central Bank have given the bank no reason to believe its capital will fall below stress test requirements. Air France-KLM gained 1.9 percent and Lufthansa climbed 1.6 percent as Brent crude...

  • The fire forced the evacuation of the FAA control center in Aurora, Illinois on Sept. 26. Operations were slowly returned to near normal at O'Hare International Airport and Chicago Midway International Airport in the days after the fire by shifting nearly 200 workers and responsibilities to other sites, the FAA has said. Harris Corp, the FAA telecommunications...

  • NEW YORK, Oct 13- The U.S. dollar fell against a basket of major currencies on Monday on persisting concerns about global economic growth and worries that the Federal Reserve may delay its first interest rate hike. Concerns over the health of overseas economies continued in the wake of last week's weak German economic data and the International Monetary Fund's...

  • DEARBORN, Mich., Oct 13- Ford Motor Co said on Monday it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck. Morgan Stanley analyst Adam Jonas in a research note last week cut his price target for Ford's stock, citing the company's recent profit warning and the likelihood...

  • MADRID, Oct 13- Spain's Gas Natural said on Monday it was leaving its 2015 payout plans unchanged after announcing a $3.3 billion takeover offer for Chile's biggest electricity distributor Compania General de Electricidad. Analysts at Barclays said in a note that the acquisition seemed expensive and posed questions on Gas Natural's dividend policy.

  • MILAN, Oct 13- Shares in Italy's Luxottica fell as much as 10 percent on Monday after the resignation of its second chief executive in as many months, exposing deepening tensions at the top of the world's biggest eyewear group. The maker of Ray-Ban and Oakley sunglasses announced on Sunday that CEO Enrico Cavatorta was quitting only six weeks after the...