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  • *U.S. East Coast refineries shutting ahead of hurricane. *Hurricane expected to hit U.S. East Coast later Monday. NEW YORK, Oct 29- U.S. gasoline futures rallied even as Brent and U.S. crude retreated on Monday as over two-thirds of the East Coast refining sector shut down ahead of Hurricane Sandy.

  • Stock market seen closed Tuesday: source Monday, 29 Oct 2012 | 5:04 PM ET

    NEW YORK, Oct 29- The U.S. stock market is expected to be closed on Tuesday because of Hurricane Sandy, a source said on Monday. The decision to close markets for a second straight day because of the storm was made during a call between industry executives and regulators, said one person who was on the call. An official announcement was expected shortly.

  • U.S. stock market to be closed on Tuesday -sources Monday, 29 Oct 2012 | 4:58 PM ET

    NEW YORK, Oct 29- U.S. stock market executives, regulators and brokers have agreed to close the U.S. stock markets on Tuesday, with an official announcement coming shortly, people who were on an industry-wide call on the matter said on Monday.

  • NOVO-OGARYOVO, Russia, Oct 29- Russia's Gazprom committed more than $38 billion to develop an East Siberian gas field and build a pipeline to the Pacific port of Vladivostok to lessen its reliance on exports to Europe and develop Asian markets.

  • *Petronas-Progress extend closing by 30 days to Nov. 30. KUALA LUMPUR, Oct 29- Malaysian state oil company Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government's rejection of the proposed deal.

  • Oct 29- The Florida Department of Health has temporarily suspended compounding operations at a pharmacy, the latest in a growing number of closings since a deadly meningitis outbreak caused by contaminated drugs in a Massachusetts facility.

  • European shares fall as hurricane batters insurers Monday, 29 Oct 2012 | 4:34 PM ET

    LONDON, Oct 29- European stocks fell on Monday, led by insurers on expectations the sector will see profits hit hard by clean-up costs resulting from a huge hurricane nearing the United States.

  • LONDON, 29- Britain's Pearson and Germany's Bertelsmann are to merge their publishers Penguin and Random House, aiming to gain the upper hand in their relationship with Amazon and Apple, the leaders in the ebook revolution.

  • ``We will assess the situation when the weather emergency is over and notify the press and public of any changes at that time,'' said Bureau of Labor Statistics spokesman Gary Steinberg.

  • MADRID/ ROME, Oct 29- Spanish Prime Minister Mariano Rajoy kept financial markets guessing on Monday over whether he will seek a credit line from the euro zone's rescue fund but said he would do so ``when I think it is in the interests of Spain''.

  • NEW YORK, Oct 29- U.S. Treasury debt prices rose on Monday as a perceived gain in political risks in Italy and concerns about the strength of the U.S. economic recovery fueled safe-haven buying in thin trade as Hurricane Sandy was on track to pummel the U.S. East Coast.

  • ADVISORY-Reuters Business News Schedule at 1330 GMT Monday, 29 Oct 2012 | 4:05 PM ET

    The Rome insight story slugged ITALY- CHAOS scheduled to move at 1500 GMT will not now move today.

  • *Greek banks to face 9 pct Core Tier 1 capital requirement. ATHENS, Oct 29- Greek banks will have to issue shares to meet more than half of a 9 percent capital adequacy requirement to be set as part of their recapitalisation, sources said, in a move that could help them avoid nationalisation.

  • NEW YORK, Oct 29- The euro fell against the dollar and yen 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.

  • *Gazprom seeks to focus more on Asia, diversify from Europe. NOVO-OGARYOVO, Russia, Oct 29- Russia's Gazprom pledged more than $38 billion to develop an East Siberian gas field and build a pipeline to the Pacific port of Vladivostok to lessen its reliance on exports to Europe and develop Asian markets.

  • *U.S. East Coast refineries shutting ahead of hurricane. NEW YORK, Oct 29- U.S. gasoline futures jumped as much as 4 percent while benchmark Brent crude was little changed on Monday as over two-thirds of the East Coast refining sector shut down ahead of Hurricane Sandy.

  • *Euro falls on worries over Greece, Spain. The euro was down slightly versus the dollar, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid.

  • NEW YORK, Oct 29- U.S. equity markets are unlikely to open on Tuesday as Hurricane Sandy bears down on the New York area, a senior exchange official at one of the major exchanges told Reuters on Monday.

  • NEW YORK, Oct 29- U.S. Treasury debt prices rose on Monday as a perceived gain in political risks in Italy and concerns about the strength of the U.S. economic recovery fueled safe-haven buying in thin trade as Hurricane Sandy was on track to pummel the U.S. East Coast.

  • OTTAWA, Oct 29- Canada expects to maintain real economic growth of at least 2 percent through 2017, but lower commodity prices will cause government revenues to be a little lower than expected, Finance Minister Jim Flaherty said on Monday.