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  • SAO PAULO, Oct 27- President Dilma Rousseff's narrow re-election victory met with cold reality on Monday as Brazil's financial markets tumbled on doubts that she can restore confidence in the economy and maintain political support in a sharply divided nation. Finance Minister Guido Mantega, whose replacement is the focus of intense speculation, tried to...

  • NEW YORK, Oct 27- Amazon.com Inc is buying online comedy service Rooftop Media, as the Internet retailer pursues its ambition of building a digital media library to rival Netflix. While the deal is small, it underscores Amazon's intention of buying content to round out its online service. Audible founder and Chief Executive Donald Katz said in a statement on...

  • SAO PAULO, Oct 27- The turning point in President Dilma Rousseff's re-election campaign came on the evening of Sept. 1, after a disastrous presidential debate at which she confessed to the audience that she was "nervous" and stumbled over several words. Silva, meanwhile, was hammering Rousseff on two of her biggest weaknesses- Brazil's stagnant economy, and her...

  • CALGARY, Alberta, Oct 27- U.S. oil prices briefly tumbled to a 28- month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts amid further signs of lacklustre demand and booming supply, but crude later pared some losses as the U.S. dollar slipped. But the bounce failed to completely erase losses that came after Goldman Sachs cut its...

  • PARIS/ ROME, Oct 27- France and Italy unveiled plans on Monday to trim their deficits more than previously planned in last-minute pitches to get clemency from the European Commission on their 2015 budgets. The European Union's executive arm has until Wednesday to decide whether to reject France and Italy's 2015 draft budgets for failing to make sufficiently...

  • DETROIT, Oct 27- Toyota Motor Corp's namesake brand and its Lexus luxury brand finished one-and-two for the second year in a row in Consumer Reports' annual quality survey of the U.S. new-vehicle market, the influential magazine said on Monday. The four lowest-scoring brands were all from Fiat Chrysler Automobiles' Chrysler Group, as were five of the bottom seven.

  • BOGOTA, Oct 27- Colombia's central bank will hold its benchmark interest rate at 4.5 percent until at least the end of the year because of economic uncertainty at home and abroad, according to a Reuters survey on Monday, while the peso will continue depreciating. "Being conscious of the moderation in local economic growth in the second half of the year, it still...

  • LONDON, Oct 27- Is the world aluminium market in a supply-demand deficit or surplus? Two respected bank analysts, Citi's David Wilson and Natixis' Nic Brown, offered diametrically different views. The thorniest problem of all, however, is assessing what is going on in China.

  • WASHINGTON, Oct 27- A program that compensates victims of accidents caused by a faulty ignition switch in General Motors vehicles has approved one new death claim, bringing to 30 the total number of fatalities linked to the issue so far, according to a report on Monday. Since it began accepting claims on Aug. 1, the program has received 1,580 claims for deaths and...

  • LONDON, Oct 27- Europe's banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 firms would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019,...

  • PRECIOUS-Gold falls on oil drop; Fed meeting in focus Monday, 27 Oct 2014 | 12:13 PM ET

    NEW YORK/ LONDON, Oct 27- Gold dropped on Monday as crude oil prices tumbled, but further losses were limited by recovering physical demand and expectations the Federal Reserve will wait a long while before hiking interest rates. Gold, however, was underpinned as China's net gold imports from Hong Kong jumped to a six-month high in September.

  • *Company to start late-stage studies in 2015. Oct 27- Akebia Therapeutics Inc said there were serious side-effects among patients taking its experimental anemia drug, sending its shares down 66 percent and raising questions about the future of a potential blockbuster. UBS analyst Matthew Roden said the drug, if successful, has blockbuster potential.

  • LONDON, Oct 27- Drugmakers sprinting to develop Ebola vaccines face a series of technical hurdles if they are to get millions of doses ready for use next year-- even assuming clinical trials are successful. The challenges include finding sufficient sterile capacity for filling and packaging finished vials, getting fast quality approvals from regulators, and...

  • NEW YORK, Oct 27- Energy shares dragged Wall Street slightly lower on Monday as crude prices fell further, while U.S. and German data weighed. Brent crude oil fell below $85 a barrel and U.S. crude dipped below $80 after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand. The largest decliner on the S&P 500 was Newfield...

  • DUBAI, Oct 27- OPEC is unlikely to lower its oil production ceiling when the group meets in November, a senior Iranian oil official said, in comments that reduced the likelihood of any collective OPEC action to support prices. He also said an emergency OPEC meeting before then, called for by Venezuela, was not necessary. Top OPEC producer Saudi Arabia has been...

  • NEW YORK, Oct 27- The euro recovered lost ground in rangebound trade on Monday, boosted by weaker-than-expected U.S. housing data that softened the blow to the euro zone common currency from news that German business morale fell. September pending home sales gained 0.3 percent, according to the National Association of Realtors, versus a Reuters poll of...

  • DETROIT, Oct 27- U.S. safety regulators have opened an investigation of Chrysler Group's handling of two recalls for potential steering issues affecting nearly 1 million Dodge Ram pickup trucks in the United States. The U.S. National Highway Traffic Safety Administration said in documents posted online that it was looking at the slow execution of the two...

  • CALGARY, Alberta, Oct 27- U.S. oil prices tumbled to a 28- month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts amid further signs of lacklustre demand and booming supply, but crude later pared some losses as the U.S. dollar slipped. But the bounce failed to completely erase losses that came after Goldman Sachs cut its forecast for...

  • BRASILIA, Oct 27- Brazilian Finance Minister Guido Mantega tried to calm volatile markets on Monday, saying that the next administration will redouble efforts to improve fiscal accounts and contain high inflation over the next four years. President Dilma Rousseff's narrow re-election victory on Sunday rattled financial markets that doubt the leftist...