SHANGHAI, May 27- China's yuan dropped on Wednesday, reflecting the dollar's strength in global markets after robust U.S. data raised prospects for a U.S. interest rate rise later this year. While there has been growing demand for dollars, a trader at a European bank in Shanghai expected the yuan to keep to its recent narrow trading range of 6.18 to 6.20, where it has...» Read More
*Gazprom's exports to Europe set to fall this year. BOVANENKOVO/NOVO-OGARYOVO, Russia, Oct 23- P resident Vladimir Putin ordered a rethink of Russia's natural gas export policy to take advantage of rising Asian demand, as giant producer Gazprom launched a huge Arctic field to supply Europe, where demand is falling.
GAZA- The Emir of Qatar embraced the Hamas leadership of Gaza on Tuesday with an official visit that broke the isolation of the Palestinian Islamist movement, to the dismay of Israel and rival, Western-backed Palestinian leaders.
BUENOS AIRES, Argentina-- Argentina's Merval stock market index dropped Tuesday after the government announced new economic controls, including a mandate that insurance companies sharply increase their investing inside Argentina.
ST. LOUIS-- Shares of Panera Bread rose 5 percent in aftermarket trading on Tuesday after the company reported third-quarter net income rose 27 percent on strong demand for its soups and sandwiches. Net income rose to $36.5 million, or $1.24 per share. For the fourth quarter, the company now expects earnings of $1.72 to $1.74 per share, up from $1.66 to $1.70 per share.
MIDLAND, Mich.-- The Dow Chemical Co. will eliminate about 2,400 jobs and close roughly 20 manufacturing facilities as part of a restructuring plan aimed at coping with slowing economic growth in Europe and elsewhere.
*DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts. DuPont and United Tech are by no means the only big U.S. companies to begin cutting jobs.
Oct 23- Windows 8 is the latest version of Microsoft Corp's 30- year old flagship product, and is due to be released to the public on Oct. 26. Here are its main features and implications for users and Microsoft's business partners:. The move risks alienating Microsoft's long-time hardware partners such as Dell Inc, Toshiba Corp and Hewlett-Packard Co.
NEW YORK, Oct 23- AK Steel Holding Corp might be interested in the two steel mills in Brazil and the United States that Germany's ThyssenKrupp has put up for sale, the U.S. company's chief executive said on Tuesday.
WASHINGTON, Oct 23- President Barack Obama caught Capitol Hill by surprise with his comment that automatic spending cuts looming in January ``will not happen,'' kindling hope among Democrats but doubt among Republicans that he has a viable plan to replace them.
SALT LAKE CITY-- A report comparing the current housing market to the situation four years ago says the picture is noticeably bleaker in Utah's largest counties. "We are certainly not trying to indict anybody in elected office for causing this," Daren Blomquist, vice president of marketing for RealtyTrac, told the Deseret News. "
LONDON, Oct 23- BAE Systems' biggest shareholder Invesco will need to drum up more support from other investors to force out senior board members at the UK defence firm after its failed $45 billion merger with aeroplane maker EADS.
OTTAWA, Oct 23- The Bank of Canada surprised markets on Tuesday by leaning towards higher interest rates and issuing a fairly upbeat outlook on growth, adding for the first time that soaring household debt could justify eventual rate increases.
XL Foods' Brooks, Alberta, plant has been closed since Sept. 27 after producing beef contaminated with E. coli bacteria that sickened at least 16 people in Canada. Products including ground beef and steaks were pulled off store shelves across Canada and in most U.S. states. The U.S. Department of Agriculture halted imports last month of products traced to the plant.
*DuPont's earnings forecast, job cuts weigh on oil. Chemical company DuPont cuts its earnings forecast and announced 1,500 job cuts in its third-quarter earnings report that missed Wall Street expectations, helping push equities, oil and other commodities lower.
STRASBOURG, France, Oct 23- The European Commission on Tuesday postponed a vote on a plan to force companies to allot 40 percent of their board seats to women by 2020 as lawyers questioned its legality under EU rules.
HELSINKI, Oct 23- Mobile phone maker Nokia plans to raise 750 million euros from bonds convertible into shares, seeking a cheap way to help finance its fight to claw back market share lost to Apple and Samsung.
WASHINGTON, Oct 23- Samsung Electronics Co Ltd, which is battling Apple Inc across the globe for dominance of the smartphone market, dealt the California company a setback by winning a preliminary invalidation of a key Apple patent, according to a court filing.
*Google, Amazon helped force its hand- analysts. SAN JOSE, Oct 23- Apple Inc is expected to make its biggest product move on Tuesday since debuting the iPad two years ago, launching a smaller, cheaper tablet into a market staked out by Amazon.com Inc and Google Inc.
*China sales growth to stay above 10 pct over mid-term. MUNICH, Oct 23- German carmaker BMW hopes to maintain double-digit sales growth in China, banking on new leadership there to inject fresh stimulus into the economy. China is preparing for a once-in-a-decade leadership change that will be finalised next month at the ruling Communist Party's 18th congress.
LOS ANGELES-- Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.