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  • The White House said in a statement the actions would build on the final report of Obama's Advanced Manufacturing Partnership that recommends measures to spur innovation, secure a skilled workforce and improve the business climate. Obama is meeting at the White House on Monday with the partnership's steering committee, a working group of the President's...

  • *Russia sees high number of "nationalists" emerging. KIEV, Oct 27- Pro-Western parties will dominate Ukraine's parliament after an election handed President Petro Poroshenko a mandate to end a separatist conflict and steer the country further out of Russia's orbit into Europe's mainstream. He still faces huge problems: Russia is resisting moves by Kiev to one...

  • *Austrian banks, Commerzbank rally as test seen positive. LONDON, Oct 27- Shares in Italy's Monte dei Paschi slumped on Monday after an industry health check found it had the biggest capital hole to fill among European banks. Shares in Monte dei Paschi were down 17 percent at 0910 GMT after the "stress test" showed it still had a 2.1 billion euro capital hole to fill,...

  • Honda Q2 profit to rise, but recalls cloud outlook Monday, 27 Oct 2014 | 5:32 AM ET

    Honda said it would re-examine its process for developing cars, a move that could delay their debuts. The Fit recalls come on top of more than 5 million cars that Honda has called back in the United States over unrelated issues with Takata Corp's potentially defective airbags that have been linked to four deaths in Honda's single-biggest market.

  • German business confidence drops for 6th month Monday, 27 Oct 2014 | 5:22 AM ET

    Business confidence in Germany has dropped again as concerns over the turmoil in Ukraine and elsewhere continue to take their toll.

  • STOCKHOLM, Oct 27- Swedish aerospace firm Saab has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defence contracts up for grabs in an emerging market. Shares in Saab, which in December leapt by a third after it won the bidding, were up 4.5 percent on Monday to 190 crowns at 0845 GMT. Saab said in a statement the total order value...

  • LONDON, Oct 27- Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with U.S. crude dipping as low as $70 while rising production in non- OPEC countries...

  • LONDON, Oct 27- European shares erased their early gains while futures on benchmark German government bonds turned higher on Monday after a key index of German business sentiment hit its lowest level in almost two years. The Munich- based Ifo think-tank's business climate index, based on a monthly survey of some 7,000 firms, fell to 103.2 from 104.7 the previous...

  • HONG KONG, Oct 27- Top Chinese asset manager Jack Wang said a long delay in launching a "through-train" stock connect scheme between Shanghai and Hong Kong could keep China's yuan-denominated A-shares out of the MSCI emerging markets index, but wouldn't derail China's long-term plan to liberalise its markets. But the scheme will not be launched in October as...

  • LONDON, Oct 27- The euro edged up against the dollar on Monday after the European Central Bank's stress tests found smaller-than-expected capital requirements among European banks, lifting some of the gloom surrounding the euro zone. Some traders were concerned by comments made by ECB Vice President Vitor Constancio, who said on Sunday that the stress tests...

  • *Brazil markets set for losses after Rousseff election win. LONDON, Oct 27- European stocks, low-rated government bonds and the single currency all rose on Monday as financial markets gave a tentative thumbs-up to euro zone bank health checks. The euro nudged higher but was contained by key German data due out at 0900 GMT.

  • LONDON, Oct 27- Euro zone banks led European shares higher on Monday after the results of sector-wide financial health checks painted a brighter picture than many investors had expected. The Euro STOXX banking index rose 1.1 percent after Sunday's European Central Bank review concluded that capital holes identified at the end of last year had since then...

  • MOSCOW, Oct 27- The rouble weakened on Monday after a slight rebound at the opening prompted by a decision of Standard& Poor's to keep Russia's sovereign rating unchanged. Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, but said a downgrade may follow if the West imposes more sanctions on Moscow over its...

  • DUBAI, Oct 27- Capital outflows from Gulf Arab states have totalled only about $780 million since the U.S. Federal Reserve unveiled its plan to wind down asset purchases in May last year, a small fraction of the money leaving other emerging markets, according to a study by the International Monetary Fund. Combined bond and equity outflows from the six-nation Gulf...

  • NEW DELHI, Oct 27- India's Oil and Natural Gas Corp wants to take advantage of falling oil prices to more than double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, Chairman D.K. Sarraf told Reuters. The Indian government, which is preparing to float a $3 billion stake in ONGC, wants state firms to secure energy assets abroad to reduce...

  • European shares rise on banks' health relief Monday, 27 Oct 2014 | 4:08 AM ET

    LONDON, Oct 27- Euro zone banks led a rally in European shares on Monday after the results of the region's banking sector health checks painted a brighter picture than many investors had expected. The Euro STOXX banking index rose 2 percent as investors gave a thumbs-up to the European Central Bank's health check of euro zone banks, describing it as a step in the...

  • SHANGHAI, Oct 27- Hong Kong shares fell on Monday, dragged down by a slide in brokerages amid uncertainty over the launch date of a closely-watched scheme linking the Hong Kong and Shanghai stock exchanges. The head of the Hong Kong stock exchange said on Sunday the stock trading agreement between Hong Kong and Shanghai, hailed as a milestone to open up China's...

  • SINGAPORE, Oct 27- The current glut in global oil markets is likely to persist next year due to slack demand and may even worsen as U.S. lawmakers look set to approve exports of the country's booming crude production, said Daniel Yergin, vice chairman of IHS CERA. The dramatic fall in global oil prices- down around 25 percent since June- is a result of global oil markets...

  • SHANGHAI, Oct 27- Chinese shares fell on Monday, dragged lower by brokerages on uncertainty over the launch of a landmark scheme linking the Hong Kong and Shanghai exchanges. Financials were the main drags on the mainland market with CITIC Securities and Haitong Securities, the country's two biggest listed brokerages, both down 2.8 percent.

  • MOSCOW, Oct 27- The Russian rouble opened 0.2 percent stronger against the dollar on Monday after S&P reaffirmed Russia's sovereign rating. At 0605 GMT, the rouble was at 41.91 versus the dollar. Standard& Poor's ratings agency affirmed Russia's sovereign rating on Friday at a notch above junk status, warning a downgrade may follow if more sanctions are imposed...