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  • TORONTO, Oct 13- While Toronto's housing boom. Canada's biggest city has more than 100,000 units under construction as developers and investors seek to cash in on condo prices that are up 25.7 percent in the city over the past five years. Glass panels have been falling off newly built Toronto condos, including the luxury Shangri-La and Trump towers and a dozen or...

  • SHANGHAI, Oct 13- China and Hong Kong shares dropped on Monday, taking their cues from weakness in global markets as concerns mount over the health of major economies. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1 percent. "Investors are not too bullish or bearish at this moment," said Alex Wong, a director at Ample Finance Group in Hong...

  • SINGAPORE, Oct 13- The dollar fell to a one-month low against the yen on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency. A drop in U.S. equities futures on Monday provided broad support for the yen, said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore. "It's definitely a...

  • Oct 13- General Dynamics Corp's Gulfstream Aerospace Corp unit is expected to unveil a new business jet on Tuesday, the Wall Street Journal reported, citing people familiar with the company's plans. Gulfstream hasn't acknowledged it will unveil its latest jet this week, with a nondescript invitation for media and analysts to its Tuesday announcement, the...

  • WASHINGTON, Oct 13- Russia's VTB Bank will slightly reduce its presence in London and the rest of Western Europe but keep its core operations there, the bank's chief executive said. "We will of course shrink our structure in London and Western Europe, but it will only be slightly," VTB CEO Andrei Kostin told reporters on the sidelines of the IMF and World Bank meetings...

  • RUSSIA'S VTB BANK WILL' SLIGHTLY' REDUCE ITS PRESENCE IN LONDON AND WESTERN EUROPE- CEO KOSTIN.

  • *OPEC unlikely to cut output to support prices- Kuwait. SINGAPORE/ SEOUL, Oct 13- Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signaled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oil's losses. Contrary to market expectations, OPEC...

  • UPDATE 5-Bolivia's Morales claims re-election victory Monday, 13 Oct 2014 | 12:02 AM ET

    *He dedicates win to Cuba's Fidel Castro. LA PAZ, Oct 12- Bolivian President Evo Morales declared a landslide re-election victory on Sunday, hailing it as a triumph for socialist reforms that have cut poverty and vastly expanded the state's role in the booming economy. A prominent member of the bloc of socialist and anti-U.S. leaders in Latin America, Morales...

  • SHANGHAI, Oct 13- China's yuan firmed against the dollar on Monday, posting a nearly two-week high, after China released better-than-expected trade data for September and the central bank fixed its official rate stronger. The People's Bank of China set its midpoint rate at 6.1446 per dollar prior to market open, up 0.04 percent from the previous fix.

  • *China trade numbers beat forecast. SYDNEY, Oct 13- Asian stocks stumbled to seven-month lows on Monday, while crude oil prices were pinned near a four-year trough as promising trade numbers out of China failed to cheer a market still worried about faltering global growth. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent, extending...

  • METALS-LME copper buoyed by brighter China trade data Sunday, 12 Oct 2014 | 11:11 PM ET

    *China trade data brighter than expected; alleviates worries. *China copper imports up 14.7 percent to 390,000 T in Sept. SYDNEY, Oct 13- London copper climbed on Monday after Chinese data painted a slightly brighter picture of the world's second largest econmy, adding to supportive comments by China's leaders about the country's economic growth prospects.

  • HONG KONG, Oct 13- China's Agile Property Holdings Ltd is in talks with banks to extend a remaining bridge loan, the company said on an analyst briefing call on Monday. Shares in the Hong Kong- listed property developer slumped by more than a fifth as trading in the stock resumed following news last week that it withdrew a rights issue and that its chairman Chen Zhuo...

  • SINGAPORE, Oct 13- The yen scaled a one-month high against the dollar on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency. A drop in U.S. equities futures on Monday provided broad support for the yen, said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore.

  • SINGAPORE, Oct 13- Gold jumped sharply in early Asian hours on Monday as the global economic outlook continued to worry investors, who sought safety in bullion amid a sell-off in equities and the dollar. *Spot gold rose to a high of $1,231.95 an ounce before trading up 0.5 percent at $1,229.50 an ounce by 0031 GMT. *Gold is often seen as an alternative investment to...

  • SYDNEY, Oct 13- London copper edged up on Monday after supportive comments by China's leaders about the country's economic growth prospects, although gains were capped ahead of key trade data from the world's top user of metals. *The most-traded December copper contract on the Shanghai Futures Exchange rose 0.5 percent to 47,810 yuan a tonne in overnight trade.

  • *Japan shut for holiday, China trade data in focus. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, extending last week's 1.1 percent drop. At an International Monetary Fund and World Bank meeting in Washington on Saturday, IMF member countries called for bold action to bolster the global economic recovery and flagged Europe as a...

  • LONDON/ NEW YORK, Oct 12- Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamoring for urgent production...

  • *France and Italy seeking focus on public investment. LUXEMBOURG, Oct 13- France and Italy will keep pressure on Germany this week to use government money to revive the euro zone's stagnating economy but in a sign of inertia, a promised list of projects to create growth will not be ready until December. European finance ministers take the argument to Luxembourg on...

  • *Some storage sites expected to be full by 2016. SEOUL, Oct 13- Among the usual commercials for beer, noodles and cars on South Korean TV, one item stands in marked contrast. It plans to cram those sites with more fuel than they were originally intended to hold while it looks for a permanent solution, suggesting little has been learned from the Fukushima disaster in...

  • NEW YORK, Oct 12- The average price of a gallon of gasoline in the United States dropped 12 cents in the past three weeks to its lowest point in nearly a year, driven by the latest round of falling oil prices, according to the Lundberg survey released on Sunday. Prices fell to an average of $3.26 per gallon for regular grade gasoline, according to the survey conducted on...