COLOMBO, March 5- Sri Lanka suspended a $1.5 billion Chinese luxury real estate project in Colombo on Thursday until it obtains required government approvals, a move that risks a diplomatic row with its biggest foreign investor. China's Foreign Ministry said Sri Lanka had informed China of its decision, "stressing that the move was a suspension and not...» Read More
Sept 30- U.S. drugstore chain operator Walgreen Co reported its biggest jump in quarterly sales in three years, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading. Walgreen ended the year with a record 856 million filled prescriptions.
OTTAWA, Sept 30- Canada's economy did not expand in July, breaking a six-month streak of consecutive gains, Statistics Canada data indicated on Tuesday, ensuring the third quarter started sluggishly. Statscan said real gross domestic product was unchanged from June. The data will put little pressure on the Bank of Canada to raise interest rates.
REUTERS POLL- RUSSIA ROUBLE SEEN AT 37.5 VS DOLLAR BY END-2014 VS 39.5 NOW.
REUTERS POLL- RUSSIA C.BANK SEEN HOLDING KEY RATE AT 8 PCT FOR REST OF 2014.
REUTERS POLL- RUSSIA 2014 GDP GROWTH SEEN AT 0.0 PCT.
Sept 30- Following are the results of a monthly Reuters poll of 15 economists on Russia's economic and foreign exchange outlook. For a story on poll click on.
Economists cut back their growth forecasts for Russia this year as the escalating Ukraine crisis prompted waves of Western sanctions and a massive outflow of capital that are both hurting Russian companies' ability to raise finance.
REUTERS POLL- RUSSIA 2014 INFLATION SEEN AT 7.9 PCT.
*Spain, Italy gains ease as quarter ends. *Spain court ruling, Italian reforms provide relief. LONDON, Sept 30- Investors' love affair with low-rated but high-yielding euro zone bonds is starting to wane, as political risks dent faith that the European Central Bank alone will be able to ensure the bloc's recovery.
MADRID, Sept 30- A raft of new cancer drugs promise better, longer-lasting treatments with fewer adverse side effects-- but their high cost is a growing concern. Price-- just as much as safety and efficacy-- has proved a hot topic for nearly 20,000 oncology experts at the European Society for Medical Oncology annual congress in Madrid.
Gross, a 70- year-old with a fabulous long-term record of performance as a bond manager but some rocky recent data, resigned suddenly on Friday from Pimco to jump to smaller rival Janus Capital, a move reports said came just before he was to be dumped.
Sept 30- U.S. drugstore chain operator Walgreen Co reported a 6.2 percent rise in quarterly sales, helped by higher prescription sales, sending its shares up more than 3 percent in premarket trading.
Sept 30- EBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company. EBay Chief Executive John Donahoe had resisted demands by activist investor Carl Icahn to hive off the service, saying PayPal was integral to eBay's business- and vice versa.
*Euro slips below $1.26 for 1st time in 2 years. LONDON, Sept 30- The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its best quarter in six years.
*Credibility of EU deficit curbs at stake in France, Italy. *France has less scope because deficit above 3 pct limit. Interpreting how much wiggle room the EU treaties offer has become a new source of contention among governments, a North-South divide pitting Italy and France against Germany that poses its own risks to the stability of the 15- year-old currency.
DUBAI, Sept 30- Gulf banks are feeling the pinch of rapidly shrinking corporate loan margins, with some predicting a bounce in lending rates as soon as the first half of 2015 as the escalating price war bites into profitability.
DUBAI/ RIYADH, Sept 30- The decision by Saudi Arabia and the United Arab Emirates to join air strikes in Syria reflects an increasingly muscular foreign policy by the Gulf Arab heavyweights that has already started to reshape the balance of power in the Middle East.
Sept 30- Rupert Murdoch's News Corp said it would buy Move Inc, the owner of property websites such as realtor.com, for about $950 million to expand its digital marketing business. Australian real estate website REA Group Ltd, which is 61.6 percent owned by News Corp, will take a 20 percent stake in Move for about $200 million, News Corp said.
BEIJING, Sept 30- China cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market.
"A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," eBay Chief Executive John Donahoe said in a statement.