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  • Oct 9- Botox maker Allergan Inc said on Thursday it expects to report third-quarter profit that is more than 20 percent higher than it previously anticipated, which it said bolsters its contention that an unsolicited takeover offer by Valeant Pharmaceuticals Inc undervalues the company. Allergan has criticized the company's model of growing through...

  • *Alliance would have 35 pct of Asia- Europe route. Maersk said the approval had been the last it needed from regulators around the world, including in China and the European Union, and that the alliance would begin operations in January. The two carriers control 28 percent of the global container shipping market and even more along some big trade routes, leaving...

  • NEW YORK, Oct 9- U.S. long-dated and benchmark Treasuries yields hit their lowest levels in over a year on Thursday, while short-dated yields hit their lowest in over a month after traders digested the view the U.S. Yields rose from their lows, however, after Labor Department data showing initial claims for state unemployment benefits fell to 287,000 in the week...

  • WASHINGTON, Oct 9- The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on...

  • LONDON, Oct 9- Hard currency reserves in many emerging markets have risen this year, led by gains in Indonesia and Mexico but some countries such as Russia, Ukraine and Nigeria have bucked the trend.

  • LONDON, Oct 9- Sanctions-hit Russia has lost around a tenth of hard currency reserves so far this year in dollar terms, bucking a generally rising trend across most emerging markets. Reserves rose 10-12 percent in Indonesia and Mexico compared with end-2013 and by 5-7 percent in South Korea, Hong Kong and India. "Reserves in some countries such as Russia have gone...

  • *Case revolved around 560 mln euro deal with India. BUSTO ARSIZIO, Italy, Oct 9- An Italian court sentenced former Finmeccanica Chairman and CEO Giuseppe Orsi to two years in jail for falsifying invoices in a corruption case linked to an Indian deal, but cleared him of more serious corruption charges. The trial revolved around a 560 million euro contract awarded to...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc told a U.S. court it was barred from disclosing why it filed for bankruptcy, saying the company was "tied up in knots" by a confidentiality agreement. GT Advanced has a deal with Apple that involves outfitting an Arizona factory to make scratch-resistant sapphire glass exclusively for the iPhone maker.

  • HONG KONG, Oct 9- Hong Kong called off talks with protesting students on Thursday, dealing a heavy blow to attempts to defuse a political crisis that has seen tens of thousands take to the streets to demand free elections and calling for leader Leung Chun- ying to resign. The government's decision came as democratic lawmakers demanded anti-graft officers...

  • FRANKFURT, Oct 9- German exchange operator Deutsche Boerse is set to unveil a wide-ranging cooperation with the Shanghai Stock Exchange, three sources familiar with the plans said on Thursday. An agreement setting out the arrangement could be signed as soon as Friday, along with other business deals that could involve European planemaker Airbus, when Chinese...

  • US STOCKS-Energy shares extend recent decline Thursday, 9 Oct 2014 | 10:25 AM ET

    NEW YORK, Oct 9- Energy shares were once against the biggest losers of the day in morning trading on Thursday, continuing a recent trend of weakness amid falling oil prices. Among specific companies, Halliburton Co fell 2.9 percent to $58.66 while Newfield Exploration Co lost 4.1 percent to $32.44. Exxon Mobil lost 1.2 percent to $93.49 and Chevron Corp was down...

  • *France's Spie pulls IPO plans amid equities sell-off. LONDON/ PARIS, Oct 9- Faltering investor appetite for European stock market listings forced French energy services group Spie to pull its initial public offering on Thursday and left companies in Germany and Italy struggling to get their plans off the ground. Spie pulled the sale of up to 1.2 billion euros...

  • Oct 9- General Electric Co said it was on track to generate more than $1 billion in revenue this year from its data-analysis business that helps improve asset performance management. GE's "Industrial Internet" business is powered by a software called Predix, which analyzes data that helps a client's equipment run better, consume less fuel, receive service more...

  • IMF urges countries to take growth seriously Thursday, 9 Oct 2014 | 10:21 AM ET

    WASHINGTON, Oct 9- The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde said her advice had not changed much since six months ago- the last...

  • NEW YORK, Oct 9- The dollar dropped to a three-week low against the yen on Thursday as investors pared back bullish bets on the greenback after minutes of the Federal Reserve's latest meeting on Wednesday prompted investors to push out expectations for the timing of an interest rate rise. Treasury yields and implied rates on Fed fund futures retreated sharply...

  • U.S. wholesale inventories grow more than expected Thursday, 9 Oct 2014 | 10:03 AM ET

    WASHINGTON, Oct 9- U.S. wholesale inventories rose by the most in four months in August, a sign the U.S. economy may have grown more than expected in the third quarter. The Commerce Department said on Thursday wholesale inventories increased 0.7 percent during the month after a 0.3 percent gain in July, which was larger than initially estimated.

  • LONDON, Oct 9- Big price swings in the foreign exchange market are back and currency funds are reaping the benefit after years of poor returns as central bank cash suppressed the volatility on which they depend. Laith Khalaf, a strategist at investment group Hargreaves Lansdown, said he could not recall a month since the 2008 financial crisis when a currency fund...

  • ICAP cuts hit financial futures broking desk Thursday, 9 Oct 2014 | 9:55 AM ET

    LONDON, Oct 9- ICAP, the world's largest interdealer broker, is winding down its financial futures voice broking desk as it cuts costs to counter slumping trading volumes, a source familiar with the matter said. After an internal review, ICAP decided to reorganise its Global Financial Futures business, which had employed around 50 brokers, to focus on higher value...

  • BRUSSELS, Oct 9- The European Union decided on Thursday to make public its negotiating mandate for a free trade deal with the United States in a bid to quell growing opposition to the proposed accord. The 18- page document, which had been widely leaked, says what cannot be included in a trade deal, such as audiovisual services, and what the European Commission should...

  • "Right now, one of the main preoccupations investors have is what's going on in the international economy, which has gravely complicated the outlook for the global economy," said Bernard Baumohl, managing director at the Economic Outlook Group in Princeton, New Jersey. The third-quarter earnings season got off to a strong start, with both Alcoa Inc and PepsiCo Inc...