MOSCOW, Dec 25- Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.. The rouble plunged to all-time lows last week on heavy falls in the price of oil, the backbone of the Russian economy,...» Read More
*Arabica market under pressure from Brazil producer selling. LONDON, Oct 31- Arabica coffee futures slipped on Wednesday, pressured by selling from top grower Brazil, while dry weather was expected to aid the country's sugar harvest, weighing on sugar prices. Cocoa was near unchanged in both London and New York.
*Biogen hemophilia A drug effective in trial. BOSTON, Oct 31- Biogen Idec Inc said on Wednesday its experimental treatment for patients with hemophilia A, a disorder that inhibits coagulation of the blood, controlled bleeding with fewer treatments in a late-stage clinical trial. Glenn Pierce, Chief Medical Officer for Biogen's hemophilia program.
LONDON/ SINGAPORE, Oct 31- Singapore- listed commodities firm Noble Group Ltd denied it wanted to sell its agribusiness unit, after industry sources said it was looking for a buyer as an alternative to plans for a separate share listing. JPMorgan, Citigroup and Goldman Sachs were hired for the deal.
*Say own tests, Novartis data show flu vaccines safe. ZURICH, Oct 31- Canadian and Swiss health authorities lifted a ban on Novartis's flu vaccines on Wednesday after the drugmaker showed they posed no risk to safety.
NEW YORK, Oct 31- U.S gasoline futures surged 5 percent on Wednesday as the market braced for potentially long-term fuel supply disruptions at the East Coast's second-biggest refinery following Sandy, the massive storm that devastated the Jersey shore.
LISBON, Oct 31- Portugal's parliament approved the biggest tax increases in the country's modern history on Wednesday, paving the way for a court battle over a budget which the government says is vital for keeping its international bailout afloat.
Citi's Brian Chin said that about 8 million households were without power as of Tuesday night. That number has fallen since, according to several companies that serve the hardest hit areas in New York and New Jersey.
DETROIT, Oct 31- General Motors Co expects industry auto sales in Europe to fall 4 percent to 5 percent in 2013 from 2012, when sales were the weakest in nearly two decades. Steve Girsky, GM's Europe chief, said on a conference call on Wednesday that the company is not banking on market share gains of its Opel and Vauxhall brands to financially succeed.
*Euro zone ministers confer on how to keep Greece afloat. *Greece slashes forecast of 2013 primary budget surplus.
NEW YORK, Oct 31- U.S gasoline futures surged nearly 6 percent on Wednesday as the market braced for potentially long-term fuel supply disruptions at the East Coast's second-biggest refinery following Sandy, the massive storm that devastated the Jersey shore.
*U.S. stocks flat to lower as Wall Street reopens after 2- day closure. NEW YORK, Oct 31- Wall Street began trading on Wednesday after monster storm Sandy forced a two-day closure, with shares trading lower and crude oil rising even though most refineries emerged unscathed.
Oct 31- GT Advanced Technologies will slash about 25 percent of its global workforce, the Solar and LED equipment maker said, adding that third-quarter revenue is likely to be at the low end of its forecast because of weak demand in Asia.
The government said on Wednesday it had granted permission for the finance department to add eight new staff to a group created in 2011, after Switzerland promised to relax its traditional bank secrecy and do more to help stop tax evasion.
*First-quarter profit $1.01/ share tops Street view $0.95. *Still expects FY 2013 profit $4.20- $4.35/ share. Oct 31- Clorox Co posted a higher quarterly profit and maintained its forecast for the fiscal year, buoyed by price increases, cost cuts and a lower-than-anticipated tax rate, which helped mitigate the impact of a drop in volume.
LONDON, Oct 31- OPEC oil output has risen slightly in October as extra supplies from Iraq, Angola and Libya offset a further decline in Iran to its lowest in two decades and disruptions in Nigeria, a Reuters survey found on Wednesday.
On Tuesday, outages climbed to 32,045 megawatts, the highest since the refueling and maintenance season in May 2011, following the Fukushima nuclear disaster in Japan in March that year.
*Expects deal to add $1 a share to earnings in third year. Oct 31- PVH Corp will buy rival Warnaco Group Inc for about $2.8 billion in a deal that will give the company more control of the Calvin Klein clothing brand and boost profits immediately, sending PVH shares up as much as 23 percent.
*Bank of Canada seen on hold for longer. OTTAWA, Oct 31- The Canadian economy shrank unexpectedly in August, pointing to a sharp third-quarter slowdown in growth from the first half and reinforcing the Bank of Canada's message that interest rate hikes are less imminent.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, was down 4.8 percent in the week ended Oct 26.
*ICL, Israel Corp shares jump. JERUSALEM, Oct 31- Potash Corp, the world's largest fertiliser maker, is ramping up efforts to acquire smaller rival Israel Chemicals and has appealed directly to Israel's prime minister to back a deal.