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  • MADRID, Oct 22- At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday. Efe also identified a Cypriot bank and possibly...

  • LONDON, Oct 22- The euro fell below $1.27 for the first time in a week on Wednesday on a newswire report that at least 11 banks are set to fail the European Central Bank's stress tests, results of which are due to be released on Sunday. The euro fell to a week's low of $1.26805 on trading platform EBS, down 0.2 percent on the day. The report, by Spanish news agency EFE, cited...

  • Hungary plans to impose new tax on Internet traffic Wednesday, 22 Oct 2014 | 4:16 AM ET

    BUDAPEST, Oct 22- Hungary's government plans to levy a new tax on Internet data transfers, according to the draft 2015 tax bill submitted to parliament late on Tuesday, which could hit Internet providers and the country's telecommunications companies. The Economy Ministry said it expects the Internet tax to generate an annual revenue of 20 billion forints.

  • HONG KONG, Oct 22- Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of the scheme, according to a letter seen by Reuters. The Hong Kong- Shanghai stock connect scheme was widely expected to go live on Oct. 27, but the letter...

  • SHANGHAI, Oct 22- Hong Kong shares had its best daily gain since early September, underpinned by a rally in U.S. shares and optimism the Chinese government will roll out more stimulus to prop up growth. The Hang Seng Index closed up 1.4 percent at 23,403.97 points, its biggest daily rise since Sept. 3. Sinopec ended up 1.5 percent, China Oilfield Service Ltd. rose 2.8...

  • *BoE minutes eyed for UK interest rate clues. LONDON, Oct 22- The euro hit a one-week low against the dollar on Wednesday following a Reuters report that the European Central Bank was considering buying corporate bonds, highlighting the diverging policy outlooks for the euro zone and the United States. Fresh ECB easing could restore the interest rate gap between...

  • *Earnings results beat expectations in Europe, the U.S. LONDON, Oct 22- European shares edged up and the euro hit a one-week low against the dollar on Wednesday, driven by upbeat company earnings results and hopes of corporate bond buying by the European Central Bank. Outdoor equipment maker Husqvarna surged 6.1 percent after reporting a rise in earnings that was...

  • MOSCOW, Oct 22- Russian Finance Minister Anton Siluanov said on Wednesday his ministry would hold its first foreign exchange deposit auction in early November. The forex deposit auctions are intended to address a shortage of dollars and euros among Russian banks and companies shut out of international capital markets due to Western sanctions over the...

  • MOSCOW, Oct 22- Russian Finance Minister Anton Siluanov told reporters on Wednesday his ministry would hold its first foreign exchange deposit auction in early November.

  • RUSSIAN FINANCE MINISTER SILUANOV SAYS FIRST FOREX DEPOSIT AUCTION TO TAKE PLACE IN EARLY NOVEMBER- RIA.

  • Europe shares inch up; earnings help lift sentiment Wednesday, 22 Oct 2014 | 3:16 AM ET

    PARIS, Oct 22- European shares inched higher in early trading on Wednesday, extending the previous session's sharp gains, with a raft of positive corporate results from companies including ABB and Husqvarna lifting sentiment. At 0711 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,300.72 points, after surging 2.1 percent on...

  • LONDON, Oct 22- Johnson& Johnson is accelerating work on its experimental Ebola vaccine and said on Wednesday that it aims to have 1 million doses ready in 2015, of which 250,000 are expected to be available by May. There is currently no proven vaccine against the deadly disease but several companies are racing to develop products and clinical tests on two- from...

  • China shares end lower, pharmaceutical sector weak Wednesday, 22 Oct 2014 | 3:07 AM ET

    SHANGHAI, Oct 22- China shares finished weaker on Wednesday, reversing earlier gains, as the effects of a rebound in U.S. stock markets faded in the afternoon and weakness resurfaced. The CSI300 of the leading Shanghai and Shenzhen A-share listings lost 0.6 percent. Jiangsu Lianhuan Pharmaceutical Co Ltd declined 4.8 percent and Zhejiang Shapuaisi...

  • Russia shares open higher, rouble steady Wednesday, 22 Oct 2014 | 2:49 AM ET

    MOSCOW, Oct 22- Russian shares opened higher on Wednesday while the rouble was steady, reflecting reviving global risk appetite and shrugging off a failure of Russia and Ukraine to reach a gas deal. The Russian market rose despite the failure of talks in Brussels on Tuesday to finalise a deal aimed at settling a long-standing dispute between Russia and Ukraine...

  • Oct 22- Johnson& Johnson said it has made a commitment of up to $200 million to accelerate and significantly expand the production of an Ebola vaccine program.

  • Nikkei rallies on ECB hopes; Apple-related shares soar Wednesday, 22 Oct 2014 | 2:09 AM ET

    TOKYO, Oct 22- Japanese stocks climbed more than 2 percent on Wednesday as the prospect of the European Central Bank taking further action to stimulate the faltering eurozone economy boosted investor sentiment. The Nikkei share average rose 2.6 percent to close at 15,195.77 points, more than recouping Tuesday's losses. Shares in Japanese suppliers to Apple...

  • TOKYO, Oct 22- The euro flirted with one-week lows on Wednesday following a Reuters report that the European Central Bank is considering buying corporate bonds, while recovery in risk appetite underpinned the dollar against the yen. The prospect of fresh ECB easing could restore the interest rate gap between Europe and the United States, helping to underpin...

  • *Orders rise 24 pct to $11.2 bln vs $10.1 bln poll f'cast. ZURICH, Oct 22- Swiss engineering group ABB posted a bigger-than-expected rise in third-quarter orders, helped by demand from the oil and gas industries, but said the outlook for the global economy was increasingly uncertain. The Zurich- based firm showed encouraging signs of increased order momentum at...

  • UPDATE 1-Brent holds above $86 as buyers slowly return Wednesday, 22 Oct 2014 | 1:42 AM ET

    *No immediate oil glut- Standard Chartered Bank. SINGAPORE, Oct 22- Brent crude futures steadied above $86 a barrel on Wednesday, clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply. Brent crude for December delivery was up 17 cents at $86.39 at 0525 GMT, pulling further away from last...

  • TOKYO, Oct 22- An economic adviser to Japanese Prime Minister Shinzo Abe said on Wednesday that the next sales tax hike should be delayed until April 2017, given the big risk that a tax increase would pose to the fragile economy. Etsuro Honda, a University of Shizuoka professor and a prominent outside architect of Abe's economic policies, made the comments to...