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  • RUSSIAN CENBANK CONDUCTS 0.54 BLN ROUBLES WORTH OF FOREX MARKET INTERVENTIONS ON OCT 21.

  • SEOUL, Oct 23- Hyundai Motor is considering raising its dividend sharply and introducing an interim dividend, President Lee Won- hee said on Thursday, in an apparent bid to appease investors angered by its recent $10 billion deal to buy a Seoul property. Last month, a consortium led by Hyundai Motor bid $10 billion for a plot of land in Seoul's high-end Gangnam...

  • SHANGHAI, Oct 23- China's CSR Corp Ltd is keen to supply high-speed trains to California, a company official said, in a move that will pit the trainmaker against domestic rival China CNR Corp Ltd. CNR and CSR are China's top locomotive makers, while China Railway Construction Corp Ltd and China Railway Group Ltd build track. Xu said CSR would be part of a group of...

  • SEOUL, Oct 23- South Korean automaker Hyundai Motor posted a 29 percent fall in its third-quarter net profit, the steepest decline in at least six quarters, hit by slowing sales growth and a stronger local currency. The stock has lost 32 percent of its value so far this year, making it the worst performer among major global automakers, hit by last month's $10 billion...

  • LAUNCESTON, Australia, Oct 23- There is now no doubt that the big three global iron ore miners are producing record amounts in their bid to dominate the industry. With the lowest cash costs, in the region between $20 to $30 a tonne, and plans to strip out even more costs, they can survive and prosper even if iron ore prices remain weak. The spot price in Asia is down 39...

  • Lloyds bank to cut 9,000 jobs: Sources Thursday, 23 Oct 2014 | 1:24 AM ET

    Lloyds will next week announce plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters.

  • Hyundai Motor Q3 profit down 29 pct, misses forecasts Thursday, 23 Oct 2014 | 1:08 AM ET

    SEOUL, Oct 23- Hyundai Motor Co posted a 29 percent year-on-year fall in its quarterly net profit, missing analysts' estimates, hit by a strong local currency and slowing sales growth in its key U.S. and South Korean markets. Hyundai Motor, which along with its affiliate Kia Motors is the world's fifth-biggest automaker, on Thursday reported a 1.52 trillion Korean...

  • BOSTON, Oct 21- U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations. Through September, corporate bond portfolios boosted their holdings of U.S....

  • But a Reuters investigation found in 2012 that coal companies were using affiliated brokers to settle royalty payments on exports to Asia at much lower domestic prices. The findings prompted Senator Ron Wyden, a Democrat from Oregon, to call on the U.S. Interior Department early last year to investigate the practice. While that review continues, the U.S. Office...

  • They are also profitable: In the third quarter, BlackRock Inc, the biggest provider of the funds, made $850 million in fees from its iShares ETFs, 30 percent of the $2.8 billion in revenue it reported. Last week, Janus Capital Group announced the acquisition of exchange-traded fund provider VelocityShares and Reuters exclusively reported last week that Goldman...

  • Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...

  • NEW YORK, Oct 23- U.S. options market operators have agreed in recent months on the need for new automatic trading halts when stock options prices suddenly surge or plunge, in a bid to reduce excess volatility and blunt the impact of erroneous trades, according to five sources with knowledge of their discussions. There are currently 12 options markets in the...

  • SINGAPORE/ TOKYO, Oct 23- The euro eased on Thursday with the focus turning to a gauge of euro zone business activity due later in the day, while the kiwi slid after a surprisingly weak reading on inflation in New Zealand. The U.S. dollar managed to stay above water, though a largely muted reaction was seen in currency markets to a survey showing China's factory sector...

  • *Liquidity concerns weigh on China shares. *Hong Kong main index down on Wall St loss. SHANGHAI, Oct 23- China shares fell to one-month lows by midday on Thursday, dampened by concerns over liquidity amid a rush of initial public offerings as well as profit-taking pressure.

  • *China October PMI at 3- month high of 50.4- HSBC/ Markit. *OPEC should cut output by at least 500,000 bpd- Libya. SINGAPORE, Oct 23- Brent crude fell for a second session running on Thursday, hitting a one-week low just above $84 a barrel as a sharp rise in crude inventories in top oil consumer the United States reinforced oversupply concerns.

  • BEIJING, Oct 23- China's vast factory sector grew a shade faster in October as firms drew more foreign and domestic orders, a private survey showed on Thursday, though analysts said the figure does not point to a fourth-quarter turnaround for the cooling economy. The flash HSBC/ Markit manufacturing purchasing managers' index edged up to a three-month high of...

  • BEIJING, Oct 23- China's commercial crude oil inventories rose for a third straight month in September as refiners focused on drawing down refined fuel stocks, which fell 2.7 percent over the previous month, the official Xinhua news agency said on Thursday. Diesel led the fall with a 5.12 percent decline, as harvesting and fishing activity pushed consumption...

  • Japan coal power plant export push hits U.S. resistance Thursday, 23 Oct 2014 | 12:13 AM ET

    *U.S. has challenged Japan coal-fired plant exports- source. *Japan pushing to triple infrastructure exports by 2020. Japan has been exporting equipment that cuts carbon dioxide output by burning coal more efficiently, but that does not go as far as more expensive technology designed to capture around 90 percent of carbon dioxide emissions that is slowly being...

  • *Gold steadies after 0.7 percent drop overnight. SINGAPORE, Oct 23- Gold steadied above $1,240 an ounce on Thursday as Asian stock markets weakened, but caution prevailed as the dollar hovered near one-week highs and outflows from bullion funds continued. Wednesday's loss took gold away from a six-week high of $1,255.20 hit earlier in the week when fears...

  • BEIJING, Oct 23- Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations. Data belonging to the privately owned company's non-Chinese users will be moved in several phases to Amazon Inc servers in the United States and...