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  • *Deflation in Greece, Spain, Italy, Slovenia, Slovakia. While consumer inflation at 0.3 percent was unchanged from Eurostat's Sept. 30 estimate and met market expectations, Greece, Spain, Italy, Slovenia and Slovakia showed deflation in the month on persistently depressed household demand. With such a minimal cushion against deflation, calls on the European...

  • UnitedHealth beats Street 3Q forecasts Thursday, 16 Oct 2014 | 6:52 AM ET
    UnitedHealth Group

    UnitedHealth reported third-quarter earnings of $1.6 billion, and said it expects full-year earnings to be $5.60 to $5.65 per share.

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • Oct 16- UnitedHealth Group Inc said on Thursday that its third-quarter net profit increased as patients' use of medical services remained "restrained," helping to keep the cost of health insurance claims down. The largest U.S. managed care company reported earnings of $1.6 billion, or $1.63 per share, up from $1.57 billion, or $1.53 per share, a year earlier.

  • *Oil price plunge could cost Russia $65- 75 bln. MOSCOW, Oct 16- A steep plunge in the rouble, caused by sanctions over the Ukraine crisis and falling oil prices, has underlined Russia's heavy dependence on Western finance to balance its dollar-thirsty economy. For all President Vladimir Putin's anti-Western bravado and talk of shifting Russia's economic ties to...

  • TOKYO, Oct 16- Even as growth and deflation fears roil global markets and weak data casts a shadow over Japan's economy, the Bank of Japan appears set to resist pressure for more stimulus measures or to accept that its inflation target is unrealistically high. People familiar with its deliberations said the BOJ, which has failed for two decades to drag Japan's...

  • Oct 16- Baker Hughes Inc, the world's No.3 oilfield services company, reported a 10 percent rise in quarterly profit, driven by a boom in drilling in North American shale oil fields. The company's net income rose to $375 million, or 86 cents per share, in the third quarter ended Sept. 30, from $341 million, or 77 cents per share, a year earlier. Revenue rose 8 percent to $6.25...

  • Burger chain Habit Restaurants files for IPO Thursday, 16 Oct 2014 | 6:25 AM ET

    Oct 16- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, filed with U.S. regulators on Thursday to raise up to $86.3 million in an initial public offering of common stock. The Irvine, California- based company listed Piper Jaffray, Baird and Wells Fargo among the underwriters to the IPO. The amount of money a company says it plans to raise in...

  • HONG KONG, Oct 16- China's biggest umbrella exporter has filed for an initial public offering in Hong Kong as the city enters a third week of pro-democracy protest dubbed the "umbrella revolution" after demonstrators used the devices as shields against pepper spray. The company, based in Jinjiang in the southern Fujian Province, didn't disclose the size of the...

  • LONDON, Oct 16- Copper prices plunged to their lowest levels in six months on Thursday, pressured by concerns about the outlook for global economic growth and caution about stimulus measures from the United States coming to an end. Three-month copper on the London Metal Exchange fell 1.1 percent to $6.568 a tonne at 0956 GMT, having earlier fallen to $6,558, its...

  • RPT-Buffett cuts Tesco stake to below 3 pct Thursday, 16 Oct 2014 | 6:20 AM ET

    LONDON, Oct 16- Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway, has cut his vehicle's stake in troubled British grocer Tesco to below 3 percent, according to a stock market notification. The filing, published on Thursday, said that on Oct. 13 Berkshire reduced its Tesco holding to "less than 3 percent."

  • Mattel profit falls as Barbie, Fisher-Price sales slide Thursday, 16 Oct 2014 | 6:10 AM ET

    Oct 16- Toymaker Mattel Inc reported a 21.5 percent fall in quarterly profit as demand for its billion-dollar brands, Barbie and Fisher-Price, slipped further. Mattel's net sales fell 8.4 percent to $2.02 billion. Net income fell to $331.8 million, or 97 cents per share, from $422.8 million, or $1.21 per share, a year earlier.

  • ANALYSIS-Africa set to switch on gas-to-power potential Thursday, 16 Oct 2014 | 6:05 AM ET

    *World Bank, Barack Obama behind "Power Africa" legacy. JOHANNESBURG, Oct 16- Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms. Driven by huge recent finds in East Africa, sub-Saharan gas...

  • Europe's stock 'fear gauge' jumps to mid-2012 level Thursday, 16 Oct 2014 | 6:05 AM ET

    PARIS, Oct 16- The Euro STOXX 50 Volatility Index surged to 35.5 on Thursday, its highest level since mid-2012, signaling a sharp rise in risk aversion on the back of worries over the strength of the global economy. Europe's widely-used measure of investor risk aversion known as the VSTOXX- which is based on put and call options on Euro STOXX 50 stocks- was trading at...

  • LONDON, Oct 16- Gold steadied on Thursday to trade near its highest in more than a month, as the dollar and European shares weakened on worries over the strength of the global economy, sending investors in search for assets perceived as safer. U.S. gold futures also hit a one-month high on Wednesday and were trading down $3.60 an ounce at $1,241.30.

  • MSCI's emerging equity index slipped 0.9 percent after the previous day's 1 percent fall, sparked by a Wall Street rout and flight to safe-haven bonds after disappointing U.S. data reinforced worries about the global economy. Dubai's stock market fell 2.4 percent while Abu Dhabi's index slipped 2.1 percent and Qatar slid 1.4 percent. While central Europe is...

  • NAIROBI, Oct 16- Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region's new oil bonanza to the coast for export, a senior Kenyan energy ministry officials said on Thursday. In addition to the pipeline, the consultant would be required to supervise the construction of a fibre optic cable from...

  • UPDATE 2-New breast cancer drugs boost sales at Roche Thursday, 16 Oct 2014 | 5:20 AM ET

    *Q3 sales 11.78 bln Sfr vs 11.57 bln Sfr poll forecast. ZURICH, Oct 16- Swiss drugs firm Roche reported better than expected third-quarter sales on Thursday, boosted by a strong performance from its new breast cancer drugs. The Basel- based firm has launched a string of new expensive cancer drugs over the past two years, hoping that these improved versions of its...

  • DUBAI, Oct 16- Saudi Arabia's main stock index plunged 5 percent on Thursday amid panic selling by retail investors, dragging down other stock markets in the Gulf. In response, Dubai's index tumbled 4.7 percent and Qatar lost 2.3 percent. Also, a $6 billion initial public offer of shares by state-owned National Commercial Bank, Saudi Arabia's largest lender, is due...

  • *EBRD, Ukraine prepare "unprecedented" cooperation plan. KIEV, Oct 16- The International Monetary Fund's mission to Ukraine will determine at the end of October how much additional financial aid Kiev needs, Central Bank Governor Valeria Gontareva said on Thursday. She also said that the European Bank for Reconstruction and Development is preparing an "...