PARIS, April 29- French growth accelerated more than expected at the start of the year with the strongest increase in consumer spending since 2004 and a pick-up in business investment. The stronger French performance also contrasted with a slowdown in the United States and Britain, which both reported this week a lower pace of growth than previously. » Read More
DUBAI, Oct 30- The Kuala Lumpur- based Islamic Financial Services Board plans to revise its capital adequacy guidelines for Islamic financial institutions, with a draft to be released in November for industry feedback.
*Q3 net loss of 2.172 bln Sfr vs Reuters poll 457 mln Sfr. The move will focus the Zurich- based lender and wealth manager around its private bank and a smaller investment bank, ditching much of the trading business that saw it lose $50 billion in the financial crisis and one suspected rogue trader lose $2.3 billion last year.
LONDON, Oct 30- Unusually strong refining margins helped lift third quarter profits for international oil company BP Plc in the third quarter to $5.2 billion, up from $3.7 billion a year ago and well ahead of expectations.
HONG KONG, Oct 30- Mainland China shares eked out their first gain in about a week on Tuesday, led by property firms after the second-largest player in the sector by market cap, Poly Real Estate, posted strong third-quarter earnings. The CSI300 Index of the top Shanghai and Shenzhen listings closed up 0.2 percent at 2,239.9, its first daily gain in six days.
*NYSE, Nasdaq OMX to test trading systems on Tuesday. Oct 30- NYSE Euronext said it plans to test a new contingency plan to help resume stalled U.S. equity trading, and added that its famed trading floor is not yet damaged by Sandy, one of the biggest storms to hit the United States.
TOKYO, Oct 30- The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
TOKYO, Oct 30- Japanese government bonds mostly rose on Tuesday, but pulled back from early highs after the Bank of Japan announced further easing steps as expected. The BOJ said it will increase its asset purchase scheme by 11 trillion yen, including 1 trillion yen in risk assets such as Exchange-traded funds.
*Storm forced two-thirds of U.S. East Coast refineries to shut. SINGAPORE, Oct 30- Brent crude slipped to near $109 a barrel on Tuesday as Sandy, one of the biggest storms ever to hit the United States, shut East Coast refineries, roads and airports, reducing crude and fuel demand in the world's largest oil consumer.
*Honda extends losses after Monday's profit warning. TOKYO, Oct 30- Japan's Nikkei average fell 1 percent to a two-week closing low on Tuesday after the Bank of Japan eased monetary policy by increasing the size of its asset buying and lending programme by $138 billion, largely as expected.
Oct 30- Hurricane Sandy has knocked out power to more than 6.8 million homes and businesses along the U.S. East Coast. The following power holding companies have utility units that reported outages on Tuesday.
*Exelon Corp declares alert at New Jersey Oyster Creek nuclear plant on storm surge. *Exelon says no threat to public health or safety.
DUBAI, Oct 30- Dubai port operator DP World, which recently disposed of stakes in some non-core assets, reported a slight decline in its consolidated terminal volumes for the third quarter. This was because the Asia-Pacific and Indian subcontinent region and the Europe, Middle East and Africa region reported lower volumes.
*MSCI Asia ex- Japan inches up 0.1 pct. TOKYO, Oct 30- Asian shares rose modestly but momentum was curbed by a giant, powerful storm that will keep U.S. markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps.
*StanChart shares up a touch in weak Hong Kong. HONG KONG, Oct 30- Asia- focused bank Standard Chartered Plc said its operating profit grew by a mid-single digit rate in the first nine months of the year, keeping it on track for a 10th straight year of record earnings.
TOKYO, Oct 30- The Bank of Japan eased monetary policy on Tuesday for the second straight month by increasing asset purchases, as slumping exports and factory output heighten pressure for bolder action to support an economy on the cusp of recession.
TOKYO, Oct 30- Japan's Nikkei share average fell 1 percent to a two-week closing low on Tuesday after the Bank of Japan eased monetary policy by increasing the size of its asset buying and lending programme by 11 trillion yen, largely as expected.
TOKYO, Oct 30- The Bank of Japan expanded its asset purchases by 11 trillion yen on Tuesday, easing monetary policy for the second straight month amid heightened pressure for bolder action to fight deflation and support an economy on the cusp of recession.
MUMBAI, Oct 30- India's central bank left interest rates on hold on Tuesday but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may soon ease policy further.
Crucial negotiations between the International Monetary Fund and Egypt on a $4.8 billion loan program begin on Tuesday and a top IMF official said an agreement must address the nation's gaping budget deficit without constraining economic growth.
*StanChart shares down 1.1 pct in Hong Kong. HONG KONG, Oct 30- Asia- focused bank Standard Chartered said its operating profit grew by a mid-single digit rate in the first nine months of the year, putting it on track for a 10th straight year of record earnings.