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  • UPDATE 2-Holcim profit hit by weak Europe and forex Monday, 3 Nov 2014 | 2:49 AM ET

    ZURICH, Nov 3- Swiss building materials group Holcim posted a drop in quarterly sales and profits on Monday as a recovery in India following May's elections failed to offset foreign exchange headwinds and weakness in Europe and Latin America. The group, which is in the process of merging with France's Lafarge, reported higher sales in markets such as the United...

  • Ecobank, Standard Chartered, Standard Bank, Investec and the World Bank's International Finance Corporation participated in the loan, IHS chief executive Issam Darwish told Reuters. "This is the largest equity raising by a private entity for the past 7-8 years in Africa-- you've had mining, banks and now telecom infrastructure as a standalone sector is...

  • China shares end up for 5th straight day Monday, 3 Nov 2014 | 2:10 AM ET

    SHANGHAI, Nov 3- China shares finished up for a fifth straight session on Monday, hitting its highest since early last year, but profit-taking emerged at a key topside level. The CSI300 of the leading Shanghai and Shenzhen A-share listings gained 0.2 percent. "There is a correction after the index made solid gains," said Xiao Shijun, analyst at Guodu Securities in...

  • PARIS, Nov 3- Publicis, the world's third-largest advertising holding company, has agreed to buy digital ad specialist Sapient for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year. For Publicis Chief Executive Maurice Levy, the deal is part of a push to revitalise the group at a time when its quarterly top-line growth...

  • MOJAVE, Calif., Nov 2- The investigation into last week's deadly crash of the Virgin Galactic spaceship has found that the "feathering" function to help it descend into the atmosphere from space was deployed early, the National Transportation Safety Board said on Sunday. SpaceShipTwo's rotating tail boom, a key safety feature for re-entering the atmosphere,...

  • SHANGHAI, Nov 3- China's yuan fell against the dollar on Monday after the central bank fixed the guidance rate at a one-month low. The People's Bank of China fixed the midpoint rate at 6.1525 per dollar, its lowest level since Sept. 30, down 0.1 percent from the previous fix, reflecting the recent appreciation of the dollar index. The spot market opened at 6.1167 yuan...

  • A raft of regional manufacturing surveys on Monday were littered with unwelcome landmarks, including a five-month low for activity in China, a four-month trough for South Korea and a 14- month low for Indonesia. "We still see uncertainties, given the property downturn as well as the slow pace of global recovery, and expect further monetary and fiscal easing...

  • Nov 3- Boston Scientific Corp on Monday was set to face its first federal trials in two courts over claims from women who say they were injured by the company's transvaginal mesh devices. Boston Scientific has been hit with more than 23,000 suits in U.S. state and federal courts over the devices in the six years since concerns were first publicly raised over the...

  • WASHINGTON, Nov 3- Young Americans with big college debts are often portrayed as struggling to pay their bills. Worries over high loan levels have also been voiced by President Barack Obama and more recently, Federal Reserve Chair Janet Yellen. The data show that most of the nation's overall loan balances are held by those earning more than $60,000.

  • NEW TOWN, N.D., Nov. 3- A change in leadership at an American Indian reservation in North Dakota wouldn't normally get a whole lot of attention. That's because the reservation's Three Affiliated Tribes of Mandan, Hidatsa and Arikara Nation control roughly a third of North Dakota's oil output. The reformers, Damon Williams, the tribal attorney, and Mark Fox, the tax...

  • *HSBC final PMI at 3- month high but risks remain. BEIJING, Nov 3- China's economy lost further momentum heading into the fourth quarter as a cooling property market weighed on activity and export demand softened, surveys showed on Monday, putting Beijing's official growth target for the year at even greater risk. "Growth momentum is slowing going into the fourth...

  • *China data pressures Brent crude. SINGAPORE, Nov 3- Brent crude inched lower on Monday, dropping further away from $86 a barrel as mixed Chinese data and a strong dollar pressured prices. Although growth in China's vast factory sector rose to a three-month high in October as smaller firms saw more orders, according to a private survey, the numbers still pointed to a...

  • TOKYO, Nov 3- Japanese Economy Minister Akira Amari said on Monday that the government should deploy fresh fiscal stimulus to prop up the economy if third-quarter preliminary gross domestic data due on Nov. 17 turns out weak, public broadcaster NHK reported. Amari also said the stimulus steps should be taken regardless of Prime Minister Shinzo Abe's decision...

  • *Hong Kong shares fall on profit-taking, but see resistance. SHANGHAI, Nov 3- China shares hit a multi-month high on Monday, supported by sustained strength in blue-chip brokerages and steel firms, while Hong Kong markets fell as profit-taking emerged after the recent solid gains. Guangzhou Shipyard International Ltd soared its 10 percent daily limit in the...

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • SINGAPORE/ SYDNEY, Nov 3- The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan's surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian dollar following a weak official survey on China's manufacturing sector and a surprisingly large fall...

  • Nov 2- Argentina has accused Procter& Gamble, the world's No. 1 household products maker, of tax fraud and said it suspended its operations in the South American country, according to a statement issued on Sunday by the country's AFIP tax authority. Argentina accused the company of over-billing $138 million in imports to get money out of the country, according to...

  • *China data pressures Brent crude. SINGAPORE, Nov 3- Brent crude inched down on Monday, moving further away from $86 a barrel as mixed Chinese data and a strong dollar pressured prices. Although growth in China's vast factory sector rose to a three-month high in October as smaller firms saw more orders, the numbers still pointed to a sluggish economy that is losing...

  • *Coming Up: Euro zone Markit mnfg PMI final Oct at 0900 GMT. SYDNEY, Nov 3- London copper edged higher on Monday, as support from Japan's surprise stimulus last week continued to wash through markets, but signs of fading economic momentum in top metals user China suggested gains would be short lived. Growth in China's vast factory sector rose to a three-month high in...

  • *China manufacturing data disappoints, US survey due later. Disappointing surveys out of China's manufacturing and services sectors highlighted the relative health of the U.S. economy, and piled pressure on other countries to ease monetary policy yet further. "In this environment of subdued growth and long-term low-flation, we expect the ECB to announce the...