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  • *Spreadbetters expect lower open for Europe. In a reflection of the cautious mood, spreadbetters saw a lower open for Europe, forecasting Britain's FTSE to start as much as 0.2 percent lower, Germany's DAX down 0.17 percent and France's CAX 0.4 percent lower. "Against a backdrop of deteriorating economic data it will remain difficult for stocks to rally...

  • TOKYO, Oct 15- Toyota Motor Corp said on Wednesday it would recall a total 1.67 million vehicles globally to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance. Toyota said it was not aware of any crashes, injuries or deaths resulting from the defects. The latest in a series of recalls by the world's...

  • JAKARTA, Oct 15- Indonesia faces a 75 trillion rupiah tax revenue shortfall this year, a finance ministry document obtained by Reuters shows, raising concerns that the fiscal deficit could bust the limit set in a budget law. President-elect Joko Widodo takes office next Monday knowing that he has to act swiftly to boost revenue collection and cut spending to...

  • BEIJING, Oct 15- China's consumer inflation slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling fast unless governments take bolder measures to shore up their economies. Facing mounting risks to growth and rising risks of deflation, Beijing is widely expected to continue rolling out a steady stream...

  • TOKYO/ SYDNEY, Oct 15- The euro wallowed on Wednesday after disappointing data out of Europe knocked the single currency, lifting the dollar index to a one-week high. "It's a different scenario than it was before, when the yen usually gained in risk-off environments on safe-haven bids," said Ayako Sera, senior market strategist at Sumitomo Mitsui Trust Bank in Tokyo.

  • WASHINGTON, Oct 15- The U.S. Supreme Court on Wednesday is set to wade into Teva Pharmaceutical Industries Ltd's fight over patent protections for Copaxone, its top-selling multiple sclerosis drug, in one of the most important business cases of the justices' new term. There are two teams developing cheaper generic forms of Copaxone: one involving Novartis AG's...

  • NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to claw share from U.S. producers.

  • Brent recovers above $85 after biggest fall in three years Wednesday, 15 Oct 2014 | 12:55 AM ET

    *OPEC shows no sign of cutting output to defend oil prices. SINGAPORE, Oct 15- Brent edged higher above $85 a barrel on Wednesday, recovering from its biggest daily fall in three years, a drop that pushed prices to the lowest since late 2010 as traders scrambled to keep up with the downward momentum. Comments from core OPEC members, including Saudi Arabia, Kuwait and...

  • SHANGHAI, Oct 15- Chinese stock markets rose on Tuesday, with major indexes lifted by airline stocks and pharmaceuticals, but analyst said sentiment remained cautious given signs of continued pressure on producer pricing power and weakness in overseas markets. The CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.6 percent, while...

  • SEOUL, Oct 15- South Korea's central bank slashed its policy interest rate for the second time in three months on Wednesday to match its record low and gave no clear signal that its easing cycle had ended- keeping the door open for another cut. Bond prices rose modestly as Wednesday's decision had been widely expected, with the anticipated tightening in U.S....

  • MOSCOW, Oct 15- The presidents of Russia and Ukraine, Vladimir Putin and Petro Poroshenko, have discussed possible measures to restore peace to east Ukraine, the Kremlin said in a statement late on Tuesday. Russia's Gazprom cut gas supplies to Ukraine in June after Kiev failed to pay its gas debts. Europe gets a third of its gas needs from Russia, with around a half...

  • RUSSIA'S PUTIN, UKRAINE'S POROSHENKO DISCUSS POSSIBLE MEASURES TO PEACEFULLY RESOLVE SITUATION ON UKRAINE'S EAST- KREMLIN.

  • Wal-Mart to offer digital movie access to customers Wednesday, 15 Oct 2014 | 12:01 AM ET

    Oct 15- Wal-Mart Stores Inc is launching a new service for customers to access digital copies of movies they buy at its stores and website across all platforms. About 800 movies available at Walmart stores and 1,100 on walmart.com will be a part of the program at the launch, the company said. InstaWatch, which can be accessed via the Wal-Mart app, will enable a user to...

  • CHICAGO, Oct 15- A leading U.S. pork association will use an online marketing campaign to counter a critical television documentary on antibiotics use in livestock, pointing consumers to industry-funded websites that defend the practice, according to an association email. "The industry will tie any consumer searches for' PBS Frontline' and' Antibiotics' to the...

  • Oct 14- Manuel Medina-Mora, head of Citigroup Inc's consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation. Citigroup said on Tuesday it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank...

  • Citi's consumer banking head plans to leave - WSJ Tuesday, 14 Oct 2014 | 11:25 PM ET

    Oct 14- Manuel Medina-Mora, head of Citigroup Inc's consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation. Citigroup representatives did not immediately respond to an email seeking comment outside regular U.S. business...

  • TOKYO, Oct 15- Japanese government bond yields slipped on Wednesday, with the 10- year yield falling to 1 1/ 2- month low, in smpathy with the fall in global bond yields on concerns over a slowdown in the world economy. The 10- year JGB yield dipped 0.5 basis point to 0.485 percent, matching a trough hit in late August. JGB players widely expect the auction to go...

  • *China inflation data leaves room for more stimulus. SYDNEY, Oct 15- London copper hovered near its highest in four weeks on Wednesday, supported by a growing consensus that a market surplus will be delayed until next year, although a stronger dollar pressured prices. But with demand from the world's top consumer remaining tepid, copper prices were seen stranded...

  • BOSTON, Oct 14- Three Google Inc researchers have uncovered a security bug in widely used web encryption technology that they say could allow hackers to take over accounts for email, banking and other services in what they have dubbed a "Poodle" attack. "If Shellshock and Heartbleed were Threat Level 10, then Poodle is more like a 5 or a 6," said Tal Klein, vice...

  • TOKYO, Oct 15- Japan's Nikkei share average staged a modest rebound on Wednesday after a five-day losing streak, but concerns about a loss of momentum in the global economy after fresh evidence of fall in German business sentiment limited gains. It's a natural rebound, "said Takashi Hiroki, chief strategist at Monex in Tokyo. Denso climbed 2.3 percent while...