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  • China shares rise on the day, but still post Oct loss Wednesday, 31 Oct 2012 | 7:05 AM ET

    HONG KONG, Oct 31- Mainland Chinese shares edged higher on Wednesday, buoyed by earnings-driven strength in the banking and retail sectors that helped benchmark indices trim October losses. The CSI300 Index of the top Shanghai and Shenzhen listings closed up 0.7 percent on Wednesday but down 1.7 percent in October at 2,254.8.

  • European stock index futures signal mixed open Wednesday, 31 Oct 2012 | 7:02 AM ET

    PARIS, Oct 31- European stock index futures signalled a mixed open on Wednesday as disappointing earnings from ArcelorMittal and Anheuser-Busch InBev rekindled worries over the outlook for corporate profits.

  • Hong Kong named top financial centre for second year Wednesday, 31 Oct 2012 | 7:00 AM ET

    LONDON, Oct 31- Hong Kong was named the world's top financial centre for the second year running by the World Economic Forum, thanks to the strength of its business environment, infrastructure and a favourable tax regime. The United States, Britain, Singapore, Australia and Canada followed Hong Kong in the 2012 rankings.

  • *Net income f'cast Y765 bln loss vs prior Y50 bln profit. *Posts Y48.8 bln Q2 oper profit vs Y42 bln year ago.

  • *Hitachi, Komatsu up after maintaining outlook guidance. TOKYO, Oct 31- Japan's Nikkei share average advanced on Wednesday as investors took comfort that some firms, such as Hitachi Ltd and Komatsu Ltd, did not cut their full-year earnings guidance as feared.

  • GLOBAL MARKETS-Asian shares rise on growing risk appetite Wednesday, 31 Oct 2012 | 6:25 AM ET

    Key currencies stayed in recent ranges on Wednesday, waiting for developments in Europe on efforts to solve the debt crisis and for the U.S. monthly jobs report on Friday as well as China's official manufacturing PMI on Thursday. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open as much as 0.2 percent lower.

  • Panasonic Q2 profit rises but cuts outlook Wednesday, 31 Oct 2012 | 6:12 AM ET

    TOKYO, Oct 31- Panasonic Corp posted a 16 percent gain in second-quarter operating profit as it moves away from loss-making TVs in favour of batteries, household appliances and other businesses outside its struggling consumer electronics mainstay.

  • Nikkei rises as company earnings not as bad as feared Wednesday, 31 Oct 2012 | 6:07 AM ET

    TOKYO, Oct 31- Japan's Nikkei share average advanced on Wednesday as investors took comfort that some firms, such as Hitachi Ltd and Komatsu Ltd, did not cut their full-year earnings guidance as feared. The Nikkei rose 1 percent to 8,928.29, and was up 0.7 percent this month, its third straight monthly gain. The broader Topix index climbed 1.2 percent to 742.33.

  • *Yuan posts strongest open just shy of trade limit. SHANGHAI, Oct 31- China's yuan opened just shy of its strong-side limit on Wednesady, posting its strongest ever open as demand for the currency rebounded after appearing to ease in the previous session.

  • Hong Kong shares rise off two-week low, China tepid Wednesday, 31 Oct 2012 | 5:15 AM ET

    *HSI +0.4 pct; CSI300 flat, Shanghai -0.2 pct. *HSI set for Oct gain, CSI300, Shanghai to post monthly loss. HONG KONG, Oct 31- Hong Kong shares bounced off a near two-week low, buoyed by strength in Chinese banks after the largest, Industrial and Commercial Bank of China, posted third-quarter earnings that beat expectations.

  • UPDATE 1-Brent hovers near $109; recovery eyed post Sandy Wednesday, 31 Oct 2012 | 5:08 AM ET

    *Power outages, flooding hit U.S. East Coast after Sandy. SINGAPORE, Oct 31- Brent crude held steady near $109 a barrel on Wednesday after the huge storm Sandy whiplashed the U.S. East Coast, reducing fuel demand even as refineries in the region gradually resumed operation.

  • *Three major New York area airports still closed. *JFK, Newark to resume limited services Wednesday.

  • Oct 31- The best medical innovations for next year include an almond-size device that's implanted in the mouth to relieve severe headaches and a hand-held scanner resembling a blow dryer that detects skin cancer, the Cleveland Clinic said on Wednesday. A study, led by Cleveland Clinic head of Bariatric and Metabolic Institute Dr.

  • GLOBAL MARKETS-Asian shares rise as risk appetite warms Wednesday, 31 Oct 2012 | 3:53 AM ET

    *MSCI Asia ex- Japan up 0.3 pct, Nikkei gains 1.4 pct. The MSCI index of Asia-Pacific shares outside Japan rose 0.3 percent, off a two-week low hit on Tuesday. ``The U.S. has been closed two nights but Europe's been okay so there are no real negatives at this stage,'' said Winston Sammut, investment director at Maxim Asset Management in Sydney.

  • *Spot gold may rebound to $1,730/ oz- technicals.

  • HONG KONG, Oct 31- China's top four banks are on course for their weakest annual profit growth since going public, as the central bank's interest rate cuts in the middle of the year kick in, slicing lending margins.

  • UPDATE 2-Hon Hai shares rise after strong Q3 profit Wednesday, 31 Oct 2012 | 3:34 AM ET

    *Concerns over Apple's long-term growth capped Hon Hai's share rise-analyst. TAIPEI, Oct 31- Shares of Taiwan's Hon Hai Precision Industry jumped on Wednesday after the main manufacturer of Apple Inc's products posted a sharp rise in quarterly net profit, boosted by new gadget launches by the California giant.

  • POLL-Reuters Asset allocation tablet (Japan) Oct 2012 Wednesday, 31 Oct 2012 | 3:30 AM ET

    TOKYO, Oct 31- Japanese fund managers pushed their allocation for euro zone bonds to the highest level in 10 months as yields stabilised, but pulled their overall exposure to bonds down from last month's record high as risk appetite picked up, a Reuters poll showed.

  • TOKYO, Oct 31- Japanese fund managers pushed their allocation for euro zone bonds to the highest level in 10 months as yields stabilised, but cut their overall exposure to bonds from last month's record high as risk appetite revived, a Reuters poll found.

  • PRECIOUS-Gold poised to snap four-month winning streak Wednesday, 31 Oct 2012 | 12:53 AM ET

    SINGAPORE, Oct 31- Gold edged up on Wednesday but was still poised to end a four-month winning streak with the biggest one-month decline since May, as investors awaited an important U.S. employment report.