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Wires

  • Asian funds GIC of Singapore and CIC of China made all the running. According to Thomson Reuters data, SWFs participated in deals worth just $14.1 billion, down from a revised $28.3 billion April-June, even though the number of deals rose to 38 from 31 quarter-on-quarter. The second quarter's total, however, was swollen by China Investment Corp's whopping $13.7...

  • A Volvo truck equipped with safety technology.

    Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain.

  • MADRID, Oct 20- Spain's upper house Senate could vote on measures to impose direct rule on Catalonia, revoking the wealthy region's autonomy in response to a secession bid, as soon as the end of next week, a spokeswoman said on Friday. The Senate must create a committee to debate the measures, which have never been used before. The entire upper house, where the ruling...

  • A Spanish opposition Socialist politician says that her party and Spain's government have reached an agreement to hold a regional election in Catalonia in January as a way to resolve one of the country's deepest political crises in decades. Opposition Socialist party official Carmen Calvo made the announcement Friday about a deal with Spain to do just that.

  • FRANKFURT, Germany— German automaker Daimler said Friday that its net profit fell 16 percent in the third quarter as a voluntary recall to improve diesel emissions hurt earnings at its Mercedes-Benz luxury car brand. The company based in Stuttgart said that earnings at the Mercedes-Benz division, a pillar of the company's earnings, were hit by a charge of 223...

  • LONDON, Oct 20- Progress in U.S. tax reform plans lifted emerging stocks on Friday, but a stronger dollar and higher U.S. The U.S. Senate approved a budget blueprint for the 2018 fiscal year late on Thursday, paving the way for Republicans to seek a tax-cuts package without Democratic support, and resurrecting expectations that the reflation trade was back on track.

  • STOCKHOLM _ Ericsson on Friday reported a loss of $547.2 million in its third quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Nigeria promised to cap output at 1.8 mln bpd of crude. *Estimates of Nigeria's crude output: http://tmsnrt.rs/2xTcNOM. LONDON, Oct 20- When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest.

  • *ECB may cut but extend asset buys. *Faces low inflation but superb growth run. FRANKFURT, Oct 20- Not for the first time, European Central Bank President Mario Draghi is facing a tricky balancing act.

  • LEAWOOD, Kan. _ Euronet Worldwide Inc. on Thursday reported third-quarter earnings of $100.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share. For the current quarter ending in December, Euronet Worldwide expects its per-share earnings to be $1.12.

  • *Senate passes budget plan that could usher in tax reform. LONDON, Oct 20- European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the "Trumpflation trade", after the U.S. Senate approved a budget blueprint that paves the way for tax cuts. Thursday's Senate vote pushed 10- year U.S.

  • STOCKHOLM, Oct 20- Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain, sending its shares to a record high. Sweden's biggest manufacturer by sales also raised its outlook for truck markets on both sides of the North...

  • *STOXX 600 up 0.1 pct, Spain's IBEX down 0.2 pct. Spain's benchmark IBEX was in negative territory, however, down 0.2 percent ahead of a special cabinet meeting on Saturday which could see Spain suspending Catalonia's autonomy. "Things have not deteriorated sharply... because we haven't actually got to that stage, I think it is quite helpful for the beginnings of a...

  • *FTSE 100 up 0.1 pct. LONDON, Oct 20- A recovery in financials and basic resource stocks boosted Britain's FTSE on Friday after the previous session's losses, as U.S. progress on plans to cut taxes and stronger metals prices helped support banks and miners. The FTSE 100 was up 0.1 percent by 0830 GMT, flirting with the record level it hit last week.

  • Oct 20- Bank of Japan Governor Haruhiko Kuroda's 5- year term ends in April. The 72- year-old is likely to be reappointed if Prime Minister Shinzo Abe retains power after Sunday's general election, analysts say. Before becoming Japan's ambassador to Switzerland, Honda was an adviser to Abe and known as one of the architects of Abe's masterplan to reflate the...

  • Oct 20- Bank of Japan Governor Haruhiko Kuroda's 5- year term ends in April. The 72- year-old is likely to be reappointed if Prime Minister Shinzo Abe retains power after Sunday's general election, analysts say. Before becoming Japan's ambassador to Switzerland, Honda was an adviser to Abe and known as one of the architects of Abe's masterplan to reflate the...

  • *BOJ bureaucrats drafting stimulus exit plans, albeit distant. TOKYO, Oct 20- For Bank of Japan Governor Haruhiko Kuroda, Sunday's general election has brought into focus the challenge of unwinding a massive stimulus program and yield curve control policy, while not hurting a budding but still fragile economy, the world's third-largest. Several ruling Liberal...

  • The price of butter has risen 60 percent in a year to reach 6.7 euros per kilogram in August, according to official data, creating problems for pastry exporters and fears of a shortage in France of Christmas delicacies such as the traditional Yule Log dessert. Dominique Charge, the head of the national cooperative of dairy products, told French radio RTL that...

  • GENEVA— Swiss Re, one of the world's biggest reinsurers, estimates that Hurricanes Harvey, Irma and Maria, plus two recent earthquakes in Mexico will cost the industry about $95 billion. Swiss Re expects its own payouts linked to the natural disasters will be about $3.6 billion, including $175 million for the Mexico earthquakes alone. Swiss Re didn't immediately...

  • Oct 20- Hong Kong shares rebounded sharply on Friday, as investors scrambled for bargains among stocks bruised from the previous session's sell-off, which was triggered by the Chinese central bank chief's reference to a "Minsky moment". The benchmark Hang Seng index fell the most in two months on Thursday, as investors were spooked by People's Bank of China...