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  • *Asian equities follow falls on Wall Street, Europe. In Asia, Japan's Topix shed 1.6 percent while the Nikkei dropped 1.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, while Australia's main index lost 1.1 percent.

  • Eighteen banks, ranging from Credit Suisse Group AG to Goldman Sachs Group Inc, have agreed to give up the right to "close out" deals on derivatives contracts if a financial institution runs into trouble, the newspaper said, citing people familiar with the matter. The International Swaps and Derivatives Association, the body leading the negotiations with...

  • --Clyde Russell is a Reuters columnist. LONDON, Oct 8- Australian coal miners desperate for good news got a double boost recently, but India's cancelling of private mining blocks and Indonesia's new export rules are a salve rather than a cure for the industry's woes. And it's also likely that new export permit rules being introduced by Indonesia will at least...

  • New York to form first U.S. state Ex-Im bank - Cuomo Tuesday, 7 Oct 2014 | 7:56 PM ET

    NEW YORK, Oct 7- New York plans to form the first U.S. state version of the federal Export-Import Bank to help businesses expand overseas, Governor Andrew Cuomo said on Tuesday, in a vote of confidence in a credit agency that critics have decried as corporate welfare. "We're going to capitalize it with $35 million to start," Cuomo said at a trade summit in New York,...

  • TOKYO, Oct 8- Japan's current account surplus grew in August, Ministry of Finance data showed on Wednesday, as income from investments overseas bolstered the balance of payments. The surplus stood at 287.1 billion yen, against a median forecast for a 198.0 billion yen surplus in a Reuters poll of economists. The surplus in the income balance was 1.5 trillion yen, up...

  • Brazil's Oi says CEO Zeinal Bava resigns Tuesday, 7 Oct 2014 | 7:45 PM ET

    RIO DE JANEIRO, Oct 7- Brazilian telecoms firm Oi said chief executive Zeinal Bava had resigned from the company with immediate effect on Tuesday.

  • Oct 7- Wal-Mart Stores Inc, the biggest U.S. private sector employer, said on Tuesday that its 1.3 million workers would have to pay more for healthcare and it would end benefits for some part-time staff in a move that could prompt other companies to follow suit. In addition, Wal-Mart will end coverage for employees who work fewer than 30 hours a week, a change that...

  • LONDON, Oct 8- A pioneering cannabis drug developed by British firm GW Pharmaceuticals for treating spasticity in multiple sclerosis has been rejected as not cost-effective in the company's home market. The National Institute for Health and Care Excellence, which determines if medicines are worth using on England's state health service, said on Wednesday...

  • Take Benoit Perrot and brothers Matthieu and Antoine Mondesert, all in their early thirties, who last November founded Demain les Vins. Their business model combines selling with crowdfunding, an approach which this year will benefit Antoine Sunier, a 34- year-old who took up winemaking in the Beaujolais region after turning his back on telecoms.

  • *IMF, ECB and EU partners call on Berlin to loosen fiscal reins. BERLIN, Oct 8- The last thing the faltering European economy would appear to need right now is a sudden downturn in Germany, hitherto the bloc's pillar of strength. But a bout of German weakness may be precisely what is required to convince Angela Merkel to loosen the fiscal reins at home and provide...

  • NEW YORK, Oct 7- Dow Jones& Co on Tuesday won a $5 million judgment against the London- based service Ransquawk, which it accused of pirating its content by broadcasting news within seconds of publication to traders and other subscribers. "As a company domiciled in the United Kingdom that has not entered into litigation in the United States, we do not fall under the...

  • SYDNEY, Oct 8- The safe-haven yen held firm early on Wednesday, having risen broadly as risk appetite waned in the wake of a plunge in German industrial output and after the IMF cut its global economic growth forecasts for a third time this year. At the same time, the IMF nudged its global growth forecast down to 3.3 percent for this year from 3.4 percent, warning of...

  • Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc in September 2008, saying it was necessary to prevent the country from plunging into a second Great Depression. Geithner's comments came in testimony in the trial of a lawsuit brought by Hank Greenberg, a major AIG shareholder until the...

  • CHICAGO, Oct 7- Wealthier U.S. shoppers are likely to drive the most bountiful holiday season in three years as retailers slash prices to cope with tighter budgets, analysts said on Tuesday, as a new survey showed 2014 retail sales rising 4.1 percent. The National Retail Federation predicted retail sales would climb to $616.9 billion, outpacing last year's 3.1...

  • PARIS, Oct 7- Airbus Group on Tuesday sketched out the opening steps of a plan to unwind its 46 percent holding in Dassault Aviation, saying it was weighing the possibility of selling a 10 percent stake by placing it with financial institutions. "That provides an obvious route for a partial exit," Airbus Group's head of corporate communications Rainer Ohler said.

  • Oct 7- Shares of Herbalife Ltd tumbled 3.4 percent on Tuesday after a news report that the U.S. Federal Trade Commission could move against the nutritional products maker, although there was no sign regulatory action was imminent. The commission started an inquiry into Herbalife's operations in March after activist investor William Ackman called for...

  • NEW YORK, Oct 7- The Federal Aviation Administration expects to issue safety approval for the newest jetliner from Europe's Airbus Group, the A350, by the end of this month, a spokesman said on Tuesday. "The FAA anticipates being able to issue the A350 type certificate during the latter part of October," the spokesman said by email in response to a Reuters query.

  • WASHINGTON, Oct 7- More than 80 environmental, labor and civic groups on Tuesday urged eBay Inc to end its association with the political group the American Legislative Exchange Council, weeks after Google Inc abruptly left ALEC over its views on climate change. "The Google announcement made it difficult for some of these companies to hide in the shadows anymore,"...

  • YANGON/ SINGAPORE, Oct 8- Myanmar has thrown open the door to foreign banks, but weak credit protection and tight restrictions on lending mean it's not a warm welcome, at least not yet. Nevertheless, with growth forecast at an annual 8.5 percent over the next few years, according to the International Monetary Fund's latest projections, and an economy where bank...

  • NEW YORK, Oct 7- Global equity markets fell sharply on Tuesday and oil slipped to near 27- month lows as investors shifted funds into safe-haven government debt after more poor economic data from Europe heightened concerns about worldwide demand. Wall Street's primary benchmark, the S&P 500, fell 1.5 percent to close at its lowest level in nearly two months.