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  • IMF'S MILESI-FERRETTI SAYS EFFECT OF HIGHER U.S.

  • IMF'S BLANCHARD SAYS JAPAN NEEDS TO BOOST PRIVATE DEMAND, FALL IN YEN NOT YET LED TO RISE IN EXPORTS.

  • *London trial of ex UBS, Citigroup trader delayed to May. LONDON, Oct 7- A senior banker at a leading British lender has become the first person to plead guilty to UK charges linked to a global inquiry into the alleged rigging of benchmark Libor interest rates, a scandal that has shredded faith in financial services. The banker, who cannot be named for legal reasons,...

  • BRENT CRUDE FUTURES EXTEND LOSSES, DROP $1.01 TO $91.78/ BBL ON WEAK EUROPEAN DATA.

  • NEW YORK, Oct 7- U.S. stocks fell sharply at the open on Tuesday, pressured by a second straight day of weak data out of Germany, the euro zone's largest economy.

  • UPDATE 7-Oil slips to $92 on weak European data Tuesday, 7 Oct 2014 | 9:33 AM ET

    LONDON, Oct 7- Brent crude oil fell to around $92 a barrel on Tuesday, pushing towards 27- month lows as weak demand and ample supply outweighed price support from a weaker dollar. "There is stagnation in Europe and China is slowing down. It's going to be very difficult for the oil price to rally on that basis, "said Michael Hewson, chief market analyst at CMC Markets in...

  • IMF'S BLANCHARD SAYS ECB PURCHASES OF ASSET-BACKED SECURITIES CAN HELP ADDRESS PROBLEM OF CREDIT TO SMALL AND MEDIUM BUSINESS.

  • LONDON, Oct 7- Dutch lender Rabobank said it has placed two of its London staff on paid leave following an internal investigation into the bank's currency trading practices. "Rabobank can confirm that following an internal review of FX trading activities, two employees of its London branch have been put on paid leave of absence," the bank said in an emailed...

  • BERLIN, Oct 7- Strikes by train drivers' and pilots' unions over pay and conditions in Germany are expected to disrupt travellers and freight inside and outside the country from Tuesday evening. The strike by drivers, which runs from 1900 GMT Tuesday until 0400 GMT on Wednesday, follows two three-hour strikes in recent weeks. "Strikes in rail freight can affect...

  • KIEV, Oct 7- Ukraine's pro-Western government pressed ahead to secure new laws to tackle top-level government corruption on Tuesday, hoping to ease public discontent before an election from which it wants backing for its plan to end a separatist rebellion. The proposed laws- presented by Prime Minister Arseny Yatseniuk ahead of an Oct. 26 parliamentary...

  • MOSCOW, Oct 7- Russia's central bank intervened to defend the rouble on Tuesday after the currency again breached the bank's trading band, as companies starved of foreign currency because of sanctions continued to show robust demand for dollars. The Russian currency has been battered for months by falling oil prices and risk aversion towards Moscow- listed...

  • NEW DELHI, Oct 7- India will unveil a new monetary policy framework by the end of January 2015, a finance ministry official said on Tuesday, making it easier for the central bank to focus on tamping down persistently high inflation. India has long struggled with prices rising at double digit levels annually, causing most distress for the poor.

  • BRUSSELS, Oct 7- Amazon's tax arrangements with Luxembourg are being investigated by EU regulators, as the online retailer becomes the latest global company to be accused of striking tax-minimizing deals with member states that may break bloc rules. The European Commission is examining whether Luxembourg broke EU state aid rules by agreeing a deal which...

  • NEW YORK, Oct 7- U.S. stocks were set to open slightly lower on Tuesday, pressured by a second straight day of weak data out of Germany, the euro zone's largest economy. A vacuum of market catalysts will only be filled when earnings start in earnest next week according to Jack De Gan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire.

  • TOKYO, Oct 7- Japan must raise its sales tax again next year as scheduled, the International Monetary Fund said, even as it sharply cut its economic forecasts for the country and warned that the higher levy will take a toll on domestic demand. The Bank of Japan should ease monetary policy further if inflation stalls or economic growth disappoints, though such...

  • IMF cuts growth outlook, warns on euro zone, Japan Tuesday, 7 Oct 2014 | 9:00 AM ET

    WASHINGTON, Oct 7- The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. The Fund's gloomy projections will set the stage for the gathering of the world's top economic policymakers in Washington this week,...

  • BRASILIA, Oct 7- The Brazilian economy will likely have a mild recovery next year as electoral uncertainty fades, but still lag regional peer Mexico that should grow faster after a series of economic reforms, the International Monetary Fund said on Tuesday. The global lender cut its growth forecast for Latin America's largest economy by 0.6 percentage point to...

  • Flash-storage player SolidFire raises $82 million Tuesday, 7 Oct 2014 | 9:00 AM ET

    SolidFire and rivals such as Pure Storage are taking on companies such as EMC and NetApp that built their reputations on disk-based storage. Greenspring Associates, an Owings Mill, Maryland- based fund, led the financing round with Silicon Valley Bank and an unnamed sovereign wealth fund. Existing investors NEA, Novak Biddle, Samsung Ventures and Valhalla...

  • LONDON, Oct 7- The hullabaloo surrounding Glencore Plc's spurned approach to rival miner Rio Tinto shows why this is probably the wrong deal at the right time. Glencore's proposal to create a $160 billion behemoth is certainly audacious, and may even make sense for shareholders of both companies if priced attractively. Both of those would be tough decisions for...

  • Oct 7- SodaStream International, the Israeli at-home soda machine maker said to be looking for a buyer, estimated third-quarter revenue that fell short of market expectations, citing weak demand in the United States. SodaStream's shares fell as much as 16 percent in heavy premarket trading on Tuesday. SodaStream's sales in the Americas have fallen in the past...