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  • The study by commercial real estate services firm CBRE comes just days after Hong Kong announced its first residential property tax targeted at overseas buyers as U.S. quantitative easing and record-low interest rates boost the risk of a housing bubble in the Asian financial centre.

  • That swung investors' attention back to Italy as uncertainty over the timing of a Spanish aid request lingered. Selling pressure did not continue beyond Monday, however, and Italy managed to sell 7 billion euros of five- and 10- year bonds on Tuesday, paying its lowest cost to borrow since May 2011.

  • *Net sales $21.81 billion, exceed Wall Street forecasts. The Decatur, Illinois- based company, one of the world's top grain traders, reported net earnings of $182 million, or 28 cents per share, in its fiscal first quarter ended on Sept. 30, down from $460 million, or 68 cents per share, a year earlier.

  • *Philadelphia 330,000 bpd refinery, biggest on coast, undamaged-source. NEW YORK, Oct 30- The biggest U.S. East Coast refinery in Philadelphia appears to have emerged undamaged from Hurricane Sandy and a smaller nearby plant operated without trouble, sources said on Tuesday as energy firms began assessing the storm's damage.

  • *Job losses mostly in Switzerland, United States, Britain. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis, as well as a $2.3 billion hit, which trader Kweku Adoboli, now on trial on charges of fraud and false accounting, is accused of running up.

  • *Job losses mostly in Switzerland, United States, Britain. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis, as well as a $2.3 billion hit, which trader Kweku Adoboli, now on trial on charges of fraud and false accounting, is accused of running up.

  • *Bayer offers $34 per share vs $23.19 Friday closing price. FRANKFURT, Oct 30- Germany's Bayer is to buy U.S. vitamins maker Schiff Nutrition International for an agreed $1.2 billion as it seeks stable sources of growth to complement its more volatile prescription drugs business.

  • LONDON, Oct 30- World shares rose modestly while the dollar fell on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.

  • *Job losses mostly in Switzerland, United States, Britain. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that ran up $50 billion in losses in the financial crisis, as well as a $2.3 billion hit from trader Kweku Adoboli last year, now on trial on charges of fraud and false accounting.

  • *Another Somali journalist killed, 18th this year Tuesday, 30 Oct 2012 | 11:14 AM ET
  • LONDON/ JOHANNESBURG, Oct 30- Strike-hit South African miner Lonmin, the world's third-largest platinum producer, plans to raise $800 million from its investors to help slash debt and finance recovery after six weeks of strikes that left 46 people dead.

  • BERLIN, Oct 30- German joblessness rose for a seventh month in a row in October, highlighting the vulnerability of Europe's biggest economy to the euro zone crisis. This stands in marked contrast to the chronic joblessness suffered by weaker members of the euro zone such as Spain, where one in every two young people is unemployed.

  • Yuan extends rise on euro strength Tuesday, 30 Oct 2012 | 10:47 AM ET

    SHANGHAI, Oct 30- China's yuan briefly touched on the strong side trading limit in Monday's afternoon session, as traders pointed towards a euro rally against the dollar as propping up demand. A sharp strengthening of the euro against the dollar that began around 2 pm supported the yuan's appreciation in the afternoon session, traders said.

  • *Dana Gas' $920 mln convertible Islamic bond matures Oct 31. DUBAI, Oct 30- Dana Gas is set to become the first United Arab Emirates company to fail payment of an Islamic bond on maturity, three sources familiar with the matter told Reuters on Tuesday.

  • Oct 30- Hurricane Sandy has already knocked out power to more than 7 million homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Tuesday. Company States Customers Outages Percent FirstEnergy MD, NJ, PA, WV, OH 3,899,000 1,584,178.

  • Want to be Hungarian? Buy some bonds Tuesday, 30 Oct 2012 | 10:16 AM ET

    BUDAPEST, Oct 30- Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament's website would grant permanent residency and ultimately Hungarian citizenship to outsiders who buy at least 250,000 euros worth of special government bonds.

  • Global machinery makers bank on China rebound in 2013 Tuesday, 30 Oct 2012 | 10:15 AM ET

    TOKYO/ BEIJING, Oct 30- Heavy equipment makers are pinning their hopes on a stimulus fuelled rebound in China in 2013, after suffering another bruising quarter as the global economy slowed faster than expected with little respite seen before the end of the year.

  • UPDATE 4-Brent steadies above $109, Sandy knocks demand Tuesday, 30 Oct 2012 | 10:07 AM ET

    *Storm forces two-thirds of U.S. East Coast refineries to shut. LONDON, Oct 30- Crude oil was little changed on Tuesday as investors awaited news of the damage by Hurricane Sandy, which lashed the U.S. East Coast, closing refineries and denting demand. Brent crude for December fell 17 cents to $109.27 a barrel by 0934 GMT.

  • Reuters World News Highlights at 1000 GMT, Oct 30 Tuesday, 30 Oct 2012 | 10:00 AM ET

    NEW YORK/ REHOBOTH BEACH- Sandy, one of the biggest storms to hit the United States, pounded the east coast on Tuesday, flooding large parts of New York City, bringing transport to a halt and interrupting the presidential campaign.

  • *Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. Zurich- based UBS will focus on its private bank and a smaller investment bank, ditching much of the trading business that made most of its $50 billion in losses since the financial crisis began, including $2.3 billion by trader Kweku Adoboli, now on trial defending charges of fraud and false accounting.