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  • PVH Corp to buy Warnaco Group for $2.9 bln Wednesday, 31 Oct 2012 | 8:36 AM ET

    Oct 31- PVH Corp, which owns and markets Calvin Klein and Tommy Hilfiger brands, said it has agreed to buy clothing company The Warnaco Group Inc for about $2.9 billion in cash and stock. PVH is offering Warnaco shareholders $51.75 in cash and 0.1822 of a share of PVH common stock for each Warnaco share.

  • LONDON, Oct 31- European shares and the euro rose on Wednesday as investors looked ahead to key economic data and waited for Wall Street to re-open after a two-day closure.

  • BRUSSELS, Oct 31- ArcelorMittal, the world's largest steelmaker, said it would slash its dividend and focus on cutting debt after slowing demand from China and sluggish European markets drove it to a third-quarter loss.

  • European shares rise fuelled by Lufthansa earnings Wednesday, 31 Oct 2012 | 8:20 AM ET

    LONDON, Oct 31- European stocks rose on Wednesday, helped by bullish earnings from the likes of airline Lufthansa, ahead of the reopening of the U.S. stock market later in the session. Trading volume, however, was the second lowest daily volume of the year as many investors stayed on the sidelines while Wall Street remained shut.

  • Huawei security chief says embracing its hacker critics Wednesday, 31 Oct 2012 | 8:17 AM ET

    NEW DELHI/ HONG KONG, Oct 31- Under-fire Chinese telecoms equipment vendor Huawei Technologies Co Ltd is reaching out to one of its sternest critics: a hacker who accused it of making shoddy products.

  • *Net income forecast Y765 bln loss vs prior Y50 bln profit. *To write off Y238 bln goodwill, Y356 bln restructuring.

  • HONG KONG, Oct 31- Hong Kong shares closed out a second-straight monthly gain on Wednesday, bouncing off a near two-week low after Industrial and Commercial Bank of China, the country's largest bank, posted third-quarter earnings that beat expectations.

  • UPDATE 1-Barclays hit by fresh U.S. investigations Wednesday, 31 Oct 2012 | 8:03 AM ET

    *Barclays also under investigation on past U.S. power prices. LONDON, Oct 31- Beleaguered UK bank Barclays, already rocked by an interest rate rigging scandal, unveiled two new U.S. regulatory investigations into its financial probity and said third quarter profits fell by a fifth due to charges for the mis-selling of insurance.

  • UPDATE 1-Strong refining margins boost Total Q3 Wednesday, 31 Oct 2012 | 8:01 AM ET

    PARIS, Oct 31- French oil company Total reported a 20 percent rise in third-quarter net adjusted profit to 3.348 billion euros on Wednesday, beating analysts' expectations thanks to a sharp increase in refining margins.

  • *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 operations.

  • SINGAPORE, Oct 31- London copper climbed for a second session on Wednesday, pushing further away from two-month lows as risk appetite picked up, but the industrial metal is heading for its weakest month since May as demand growth from top consumer China slows.

  • JGBs slip ahead of 10-year sale, disappointment with BOJ Wednesday, 31 Oct 2012 | 7:38 AM ET

    TOKYO, Oct 31- Japanese government bonds slipped on Wednesday, reflecting continued disappointment over the Bank of Japan's easing measures and on positioning ahead of Thursday's 10- year sale. The Ministry of Finance will offer 2.3 trillion yen worth of 10- year notes on Thursday.

  • OSAKA, Japan, Oct 31- The European Central Bank must be mindful of the risks posed by assets held on its balance sheet, a senior member of the central bank said on Wednesday, as a plan to buy government debt could expose the central bank to financial losses.

  • 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.