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  • *IMF cuts forecasts for euro zone, Japan, Brazil. WASHINGTON, Oct 7- The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. In its flagship World Economic Outlook report, the Washington- based lender cut its...

  • KIEV, Oct 7- Ukraine's economy is expected to have shrunk 9.5 percent year-on-year in the third quarter of 2014, a Reuters poll showed, suffering its biggest contraction of the past five years as fighting between government and rebel forces inflicts huge damage on the industrial east. President Petro Poroshenko said last week that 50 percent of industrial...

  • MOSCOW, Oct 7- Russia's finance minister said on Tuesday the country could no longer afford a multi-billion-dollar revamp of the armed forces approved by President Vladimir Putin, stepping up a campaign to trim spending as sanctions over the Ukraine crisis bite. "A new defense program will be prepared now, and in its framework we want to reconsider the amount of...

  • Ukraine pins economic hopes on conflict-hit industry Tuesday, 7 Oct 2014 | 11:00 AM ET

    *Ukraine pins recovery on regions hit by rebellion. KIEV/ MOSCOW, Oct 7- The main hope for Ukraine's shattered economy lies buried beneath the rubble left by months of fighting in two eastern regions which are home to much of its crippled industrial power. We're existing only on hope, "said Yuri, a worker at Zhdanovskaya- Ukraine's fourth-largest colliery with coal...

  • SAMSUNG INITIATES INTERNATIONAL ARBITRATION IN HONG KONG AGAINST MICROSOFT--COURT FILING.

  • ARBITRATION DISCLOSED IN LAWSUIT MICROSOFT PREVIOUSLY FILED AGAINST SAMSUNG IN NEW YORK FEDERAL COURT.

  • StanChart to hire 1,000 more staff in Africa Tuesday, 7 Oct 2014 | 10:59 AM ET

    LONDON, Oct 7- Standard Chartered plans to hire at least 1,000 more staff in Africa in the next couple of years, an increase of more than 10 percent, even as its expansion elsewhere has slowed. Diana Layfield, Standard Chartered's chief executive for Africa, declined to specify where the extra staff would go, but picked out Nigeria, Kenya and Ghana as three of the most...

  • SAMSUNG SAYS ARBITRATION CONCERNS DISPUTE OVER CALCULATION OF SUCCESS CREDITS UNDER COLLABORATION AGREEMENT.

  • NEW YORK, Oct 7- U.S. stocks were down in morning trading on Tuesday, pressured by a second straight day of weak data out of Germany, the euro zone's largest economy, but indexes bounced off of session lows. A vacuum of market catalysts will only be filled when earnings start in earnest next week according to Jack De Gan, chief investment officer at Harbor Advisory Corp...

  • OTTAWA, Oct 7- Finance ministers from the Group of 20 leading and industrialized nations will have their regular discussion about foreign exchange rates when they meet in Washington this weekend, a senior Canadian finance ministry official said on Tuesday. He also said the meeting would focus on the underperforming global economy. One of the biggest concerns...

  • Oct 7- Wal-Mart Stores Inc said it would no longer provide health benefits to some part-time workers in the United States due to ballooning healthcare costs. Wal-Mart cut its full-year profit forecast in August, citing higher employee benefit costs, among other things. The company said then that it expected to spend $500 million on U.S. healthcare this year, up...

  • CHICAGO, Oct 7- U.S. retail sales are expected to rise 4.1 percent this holiday season to $616.9 billion, outpacing last year's gains, though economic concerns may affect shoppers' spending, the world's largest retail trade body said on Tuesday. The National Retail Federation expects U.S. sales in November and December to surpass the 3.1 percent increase seen in...

  • *Rio jumps after rejects merger approach by Glencore. LONDON, Oct 7- European shares dropped to a 1 1/ 2- month low on Tuesday as the International Monetary Fund cut its growth estimates for the euro zone's three largest economies and German industrial output data came in lower than expected. Market bets on a European economic recovery faded as the IMF downgraded...

  • Oct 7- The U.S. Energy Information Administration trimmed its forecast of world oil demand growth next year and made even deeper cuts in its outlook for OPEC production, the latest signs of a shift toward surplus supplies next year. On the backdrop of weakening demand, the agency curbed its forecasts for OPEC oil and other liquid fuels production to 35.51 million...

  • OTTAWA, Oct 7-- Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Gelfand said many high-risk areas in the Arctic had been inadequately surveyed. She also found the Coast Guard had done little to improve aids to navigation and was cutting...

  • PARIS, Oct 7- France said on Tuesday it was vital to act in order to stop Islamic State's advance on the northern Syria border town of Kobani, and was discussing with Turkey what could be done. Islamic State, an al Qaeda offshoot that has taken control of large parts of neighboring Syria and Iraq, has ramped up its offensive in recent days against the mainly Kurdish...

  • *China markets shut until Wednesday. LONDON, Oct 7- Nickel rose for a third day on Tuesday as investors bet that long-awaited shortages would finally begin to hit the market in coming months, while copper dipped on worries about growth in China. "There's clearly a surplus of nickel at the moment, but once we get to November and beyond, you'll get the seasonal weakness...

  • PARIS, Oct 7- Prosecutors in the Airbus insider trading case suffered another setback on Tuesday when a Paris court refused to accept the prosecution dossier, a move which could further delay one of France's most keenly awaited corporate trials. The trial, involving allegations of insider trading in the shares of Airbus Group, formerly known as EADS, had already...

  • German industrial production plunged 4.0 percent in August, the Economy Ministry said, the biggest drop since January 2009, raising concerns that Europe's largest economy is running out of steam. "Investors are realizing that you can't have a situation where the U.S. is decoupling from the weakness that is blatantly obvious in the rest of the world," said George...

  • NEW YORK, Oct 7- The euro fell on Tuesday on bets the European Central Bank will need to inject more stimulus to help the euro zone economy after data showed the German industrial sector suffered its worst month in more than 5-1/ 2 years. "Everyone is on the euro bear bandwagon right now," said David Rodriguez, quantitative strategist at DailyFX in New York.