*China October PMI at 3- month high of 50.4- HSBC/ Markit. *OPEC should cut output by at least 500,000 bpd- Libya. China's manufacturing activity quickened to a three-month high in October, with the HSBC/ Markit manufacturing purchasing managers' index rising to 50.4 from 50.2 in September.» Read More
WASHINGTON, July 18- President Barack Obama will make a statement about the situation in Ukraine at the White House on Friday.
OBAMA TO MAKE STATEMENT ABOUT UKRAINE AT 11:30 AM EDT- WHITE HOUSE.
July 18- Advertising company Interpublic Group of Cos Inc reported better-than-expected quarterly revenue, boosted by strong growth in the UK and higher ad spending in its core U.S. market. Interpublic's clients include General Motors, Unilever and Johnson& Johnson.
LONDON, July 18- Pharmaceutical firm AbbVie's chairman and chief executive said tax benefits were not the main reason it bought London- listed Shire.
LAGOS, July 18- Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports, a trade body said.
July 18- Amazon.com Inc on Friday unveiled a subscription service that allows customers to read as much as they choose from its library of more than 600,000 e-books. Subscribers to the Kindle Unlimited service, which costs $9.99 per month, can read the e-books on Amazon's Kindle reader or on any device that supports the Kindle app.
The company raised about $71 million after pricing its initial public offering of 7.13 million shares at $10 per share, below the expected range of $13 and $15 per share.
WASHINGTON, July 18- Further sanctions on Russia would have a "broader chilling effect" on the country and its companies that are already largely excluded from raising foreign capital, a lobbying group representing 500 world financial institutions and major banks warned on Friday.
*Obama warns of further sanctions against Russia. LONDON, July 18- Brent crude oil climbed to around $108 a barrel on Friday, extending sharp gains on heightened geopolitical risk after the downing of a Malaysian jetliner over eastern Ukraine and as Israeli ground troops advanced into Gaza.
NEW YORK, July 18- U.S. stocks opened slightly higher on Friday, rebounding after the biggest one-day decline for the S&P 500 since April 10, though the index remained on track for a negative week.
AVIATION BODY ICAO DENIES THAT IT CLOSED AIR ROUTE OVER EASTERN UKRAINE AFTER MALAYSIA PLANE CRASH.
*Chancellor issues' clear call' for Russia to help peace process. BERLIN, July 18- Germany's Angela Merkel challenged Moscow's attempt to pin the downing of a Malaysian airliner on Ukraine, pointing to Russia as a source of separatists' weapons.
BUENOS AIRES, July 18- Argentina on Friday will sign deals to borrow $7.5 billion from China, its Cabinet chief said, at a time when the Latin American country cannot tap global capital markets due to disputes over unpaid debt.
ROME, July 18- The Bank of Italy on Friday cut its estimate for 2014 growth to just 0.2 percent and warned that there was significant uncertainty about the outlook for the euro zone's third-largest economy.
BUCHAREST, July 18- Romania wants to keep the agriculture portfolio in the next European Commission lineup, Prime Minister Victor Ponta said on Friday after a telephone conversation with Jean-Claude Juncker, designated president of the EU's executive arm.
July 18- Railroad operator Kansas City Southern reported higher-than-expected quarterly revenue as it shipped more agriculture products and automobiles. Kansas City Southern operates on a unique, north-south route in central U.S. and derives half of its annual revenue from cross-border business with Mexico.
July 18- Google Inc is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 percent- plus revenue growth. Google shares were set to open about 4 percent higher at just over $600.
Macedonia and South Africa successfully tapped bond markets on July 17, as buyers turned a blind eye to the ongoing Russian bond rout caused by U.S. sanctions and the bringing-down of a passenger plane on its border with Ukraine. And the bank crisis and resulting stock market tumble in Bulgaria made barely a ripple in neighbouring Romania or Hungary.
July 18- VF Corp, the owner of brands such as Timberland and The North Face, reported better-than-expected quarterly profit and sales as cold weather in North America drove demand for its higher-margin outdoor and action sports brands.