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  • BOGOTA, Oct 29- Mexico's top cement maker Cemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from Oct. 29 to Nov. 6, the company said. Cemex has set a range of between 11,000 and 13,500 Colombian pesos per share for the offering of about 24 percent of its Cemex Latam Holdings unit.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • *Brent oil falls below $109/ bbl, East Coast refineries wind down. Activity across all markets was expected to be thin as the Category 1 Hurricane Sandy neared landfall along the mid-Atlantic states of the United States, forcing shops, offices and share markets in New York to close.

  • MUMBAI, Oct 29- India- focused Essar Energy plans to refinance up to $1.5 billion of its rupee debt within a couple of quarters, as it focuses on improving its balance sheet after a turbulent period that included heavy capital expenditure and regulatory setbacks.

  • UPDATE 2-Pearson confirms Random Penguin merger

    LONDON, 29- Pearson said it would merge Penguin Books with Bertelsmann's Random House to create the world's leading consumer publisher, a day after Rupert Murdoch's Sunday Times said his News Corp group could bid for Penguin.

  • Yuan touches new high but upward pressure cools

    *Yuan hits record strong point before weakening. SHANGHAI, Oct 29- The yuan hit another record high on Monday, but then slipped back as traders said pressure on the Chinese currency eased from levels seen late last week. ``Everyone has cooled off a little,'' said a trader at a commercial bank in Shanghai after the morning session during which the new high was hit.

  • Reuters World News Highlights at 1000 GMT, Oct 29

    WASHINGTON- With one week left in the tight battle for the White House, it's all about the vital swing state of Ohio. Unless it's about Colorado- or Iowa, or tiny New Hampshire.

  • Oct 29- Can peer pressure make delinquent taxpayers pony up what they owe the government? Behavioral economists say it can, and some tax agencies in both the United States and Britain are taking their advice to heart-- and finding that they are reaping rewards.

  • Reuters Business News Schedule at 0930 GMT

    The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • Earnings worries hit European shares

    *Traders cite worries over corporate results, Spain. Spain's IBEX stock market outperformed the broader market, dipping 0.2 percent after European Central Bank policymaker Ewald Nowotny said the country had no immediate need of help from the bank's planned new bond-buying programme.

  • Oct 29- Category 1 Hurricane Sandy was strengthening and the center of the storm was forecast to move over the coast of U.S. mid-Atlantic states by Monday night, the U.S. National Hurricane Center said on Monday.

  • *U.S. East Coast refineries cut output ahead of hurricane. LONDON, Oct 29- Brent crude oil fell below $109 a barrel on Monday as refineries along the U.S. East Coast wound down operations ahead of the approach of Hurricane Sandy, reducing crude use in the world's largest oil consumer.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • LONDON, Oct 29- The euro fell on Monday, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid. Near-bankrupt Greece needs a comprehensive deal on an austerity package to unlock its next tranche of aid before it runs out of cash in mid-November.

  • *Shionogi takes 10 pct stake in GSK, Pfizer joint venture. LONDON/ TOKYO, Oct 29- GlaxoSmithKline has raised its bet on a promising drug for HIV/AIDS by redrawing a deal with Japan's Shionogi, giving it a much bigger economic interest in the new product.

  • As Hurricane Sandy bears down on the New York area, regulators, exchanges and brokers grew increasingly worried about the integrity of markets and the safety of employees. A number of companies have postponed scheduled earnings releases, including Pfizer Inc and power firm Entergy Corp, and more were expected to follow suit.

  • *Exec hopes China output back to normal in Feb. TOKYO, Oct 29- Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China were hit by a popular backlash against Japanese goods, and warned it could be February before business in the world's biggest autos market returns to normal.

  • *Hong Kong developers slump on fears curbs will crimp sales. *Hong Kong turnover lowest in almost two weeks, Shanghai weak too. HONG KONG, Oct 29- Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks.

  • But activity everywhere was expected to be thin as a massive hurricane closed in on the U.S. East Coast causing regulators to close stock and options trading on Wall Street. London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX opened down between 0.3 and 0.7 percent.

  • BEIJING, Oct 29- Toyota Motor Corp blames its China underperformance on the widespread anti- Japan protests triggered by a territorial row.