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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • LONDON, Nov 5- The euro fell to a near two-month low against a broadly firmer dollar on Monday on uncertainty over a Greek vote on austerity and before this week's U.S. presidential election. The euro fell 0.4 percent to $1.2778, breaking below a reported options barrier at $1.2800 and stop loss sell orders at $1.2780 to mark its lowest since Sept. 11.

  • VERKHNYAYA SINYACHIKHA, Russia, Nov 5- Factory smokestacks tower over weathered wooden houses in this provincial Russian town, part of the industrial heartland that helped propel Vladimir Putin into the presidency.

  • *Schatz yields turn negative, Bund futures at two-month high. LONDON, Nov 5- Two-year German bond yields fell below zero on Monday as low-risk assets rallied before an uncertainU.S. presidential election and another make-or-break parliamentary vote in Greece.

  • *Banks fall as HSBC announces hit to Q3 profit. *Ryanair gains as the airline raises its outlook. LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of a too-close-to-call presidential election in the United States this week.

  • LONDON, Nov 5- HSBC has taken a $1.15 billion hit to cover a potential U.S. fine for lax anti-money laundering controls and to pay compensation for mis-selling products in Britain, eating into its quarterly profit.

  • LONDON, Nov 5- European shares fell and the dollar firmed on Monday as low-risk assets gained at the start of a week in which the United States elects a new president and Greece faces a make-or-break parliamentary vote. London's FTSE 100 was down 0.4 percent, Paris's CAC-40 was down 0.7 and Frankfurt's DAX was down 0.6 percent.

  • LONDON, Nov 5- European stocks edged lower in cautious trade on Monday as investors opted for safer havens ahead of the upcoming too-close-to-call presidential election in the United States.

  • JAKARTA, Nov 5- Indonesia's supreme court has scrapped a government ban on the export of unprocessed minerals, the country's chamber of commerce said on Monday, and urged the government to draft new mineral export rules.

  • HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential election spurred mild profit-taking after a strong run-up last week lifted the Hang Seng Index to a 15- month high.

  • LONDON, Nov 2- Overseas investors, many of whom are creditors to the highly-indebted U.S. government, reckon a re-election of President Barack Obama would be best for world markets even if U.S. counterparts say otherwise.

  • TIANJIN, China, Nov 5- Aluminum Corp of China Ltd is willing to get involved in the Oyu Tolgoi copper project in Mongolia, owned by Turquoise Hill Resources Ltd, the firm's senior vice president Liu Xiangmin said on Monday. Turquoise Hill, previously know as Ivanhoe Mines Ltd, is controlled by Rio Tinto Ltd.

  • MEXICO CITY, Nov 4- India's economic growth could slow to as little as 5.5 percent this fiscal year, Finance Minister P. Chidambaram told Reuters, signalling the possibility that Asia's third largest economy will expand at its slowest pace in a decade.

  • JAKARTA, Nov 5- Indonesia's supreme court has scrapped a government ban on the export of unprocessed minerals, the country's chamber of commerce said on Monday, and urged the government to draft new mineral export rules.

  • SINGAPORE, Nov 5- Brent crude edged above $106 per barrel on Monday as a more than 2 percent drop in the previous session attracted some buyers, although investors remained focused on the U.S. presidential elections and demand worries.

  • *Spot gold to hover above $1,678/ oz- technicals. SINGAPORE, Nov 5- Gold nudged a touch higher on Monday, paring falls after stronger-than-expected U.S. jobs data sent gold to a two-month low in the previous session, but a stronger dollar curbed the rebound.

  • SEOUL, Nov 5- Hyundai Motor Co's and Kia Motors Corp's admission that they overstated the fuel economy of some cars has tainted their reputations, and brand loyalty will be tested in the months ahead after a decade of unbroken success in the United States. Hyundai alone lost $3.1 billion in market value.

  • *Toyota shares up 2.2 pct ahead of Q2 results. TOKYO, Nov 5- Toyota Motor Corp nudged its full-year net profit forecast up to $9.7 billion, even as it put the cost of recent anti-Japanese protests and a slowing economy in China, the world's biggest autos market, at lost sales of 200,000 cars.

  • *Toyota lifts mood in automakers. But Toyota Motor Corp rose 2.2 percent to a one-month high at 3,210 yen after public broadcaster NHK said it was set to slightly raise its operating profit forecast.

  • FACTBOX-Major air accidents in Nigeria Monday, 5 Nov 2012 | 7:18 AM ET

    Nov 5- Nigeria's airline industry is in dire financial straits, putting its already poor safety record at risk of further deterioration.. Sept. 26, 1992- A Nigerian Air Force C-130 crashed minutes after taking off from Lagos airport. Nov. 7, 1996- A Boeing 727 operated by Nigeria's ADC crashed on its way from Port Harcourt to Lagos.

  • LAGOS, Nov 5- Passengers arriving at Murtala Mohammed airport in Lagos could be forgiven for thinking they had stumbled into a refugee camp. 'Last flight to Abuja', a film about a plane crash caused by mechanical failure, is the longest running box office smash in' Nollywood', Africa's answer to Hollywood and the world's third biggest film industry.