China's yuan was devalued sharply in the 1990 s and for years China intervened heavily in exchange markets to keep it weak, raising complaints from U.S. manufacturers. Since 2005, China has let its currency appreciate by about 25 percent, and the Treasury officials repeated statements made in February that China recently appeared to be intervening a lot less.» Read More
RIO DE JANEIRO, Oct 1- In March 2003, three months into her tenure as Brazil's environment minister, Marina Silva gathered a half-dozen aides at the modernist ministry building in Brasilia, the capital. She told them the new government of President Luiz Inácio Lula da Silva was about to embark on a pharaonic infrastructure project for Brazil's arid Northeast.
*Nexans, Sainsbury drop after warning on sales outlook. LONDON/ PARIS, Oct 1- European shares edged lower on Wednesday, following mixed data on manufacturing and sales warnings from J Sainsbury and Nexans that fuelled worries over European corporate results.
*France postpones deficit reduction by a further two years. PARIS, Oct 1- France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.
MOSCOW, Oct 1- Russia's VTB Bank, one of the country's largest, will drop a lawsuit against debt-laden coal and steel producer Mechel if an agreement over its debt is reached, Andrei Kostin, the head of VTB, said on Wednesday.
*Hong Kong unrest saps risk appetite. LONDON, Oct 1- Stocks worldwide began the fourth quarter on a negative note on Wednesday, as lacklustre economic data and civil unrest in Hong Kong kept investors cautious before a European Central Bank meeting later this week. Federal Reserve on the one hand and the European Central Bank and Bank of Japan on the other.
*China markets shut for week-long holiday. LONDON, Oct 1- Copper prices hovered near 3-1/ 2 month lows on Wednesday, under pressure from a strong dollar, concerns about lacklustre demand from top consumer China and growing supplies.
Oct 1- Canada's Club Coffee said it was suing K-cup coffee pod maker Keurig Green Mountain Inc for engaging in anti-competitive measures to maintain a near monopoly and keep single-serve coffee prices artificially high.
*Expects deal to add 135 mln stg to events revenue in 2015. Oct 1- Communications and events company UBM Plc said it would buy trade show organizer Advanstar Communications for $972 million, becoming the top events organizer by revenue in the United States, but its shares fell on concern it had overpaid.
TOKYO, Oct 1- The Bank of Japan is likely to offer a bleaker view on factory output at its rate review next week, people familiar with its thinking said, on growing signs that the pain from a sales tax hike in April is denting a fragile economic recovery.
Oct 1- Ardelyx Inc said its experimental drug to treat constipation-related irritable bowel syndrome achieved the main goal of increasing bowel movement compared to a placebo in a mid-stage study involving 371 patients. Ardelyx licensed the drug, tenapanor, to AstraZeneca Plc in October 2012.
LONDON, Oct 1- Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped 4 billion pounds from the troubled grocer's stock market value.
*Platinum slides to lowest since Sept. 2009. LONDON, Oct 1- Gold held near 9- month lows on Wednesday, weighed down by broad-based strength in the dollar on growing expectations that the U.S. Spot gold was at $1,209.20 an ounce at 0927 GMT, little changed from late Tuesday, after earlier slipping to within 10 cents of the previous day's 9- month low at $1,204.40.
*Region supplied 5 percent of French oil needs in 1920 s. Merkwiller-Pechelbronn, France, Oct 1- S ustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry that gave birth to corporate giants such as Schlumberger.
NEW YORK, Oct 1- For the first time in three years, Daniel Streetman is buying coffee beans in bulk from Colombia, exploiting low comparative prices and reflecting new flexibility by U.S. roasters who had become over reliant on a single country for premium arabica. Instead he bought more from El Salvador, Guatemala and Honduras.
"Given its size, economic potential and its strategic position between China and India, Myanmar is forecast to be one of the fastest growing economies in the region over the medium term," Andrew Geczy, CEO of international and institutional banking for Australia and New Zealand Banking Group, said in a statement.
UKRAINIAN PM YATSENIUK SAYS GOVERNMENT HAS BEGUN PROCEDURE TO REPAY NAFTOGAZ EUROBOND OF $1.67 BILLION, ADDS THAT "WHOLE AMOUNT" WILL BE PAID.
*Adidas says won't cut investment. PARIS, Oct 1- German sportswear maker Adidas, facing investor discontent after a series of profit warnings, plans to return as much as 1.5 billion euros to shareholders over the next three years.
RUSSIA'S FINANCE MINISTER SAYS DOES NOT CONSIDER $60 PER BARREL LIKELY, WILL NOT TAKE IT INTO CONSIDERATION IN ITS POLICIES.
RUSSIA'S FINANCE MINISTER SAYS FREEDOM OF CAPITAL MOVEMENT IS OUR CONQUEST AND ACHIEVEMENT, WE WILL NOT GIVE IT UP.
RUSSIA'S FINANCE MINISTER SAYS "ABSOLUTELY UNACCEPTABLE" TO RESTRICT CAPITAL AND CURRENCY MOVEMENT.