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  • LONDON, Oct 22- Hedge fund managers accelerated their profit-taking in crude oil and refined fuels last week, as confidence in the previous price rally faltered and the market fell. Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by 133 million barrels in the week to Oct....

  • For $2 a ticket, lottery players have a chance to be among the richest people in the world if they beat the long-shot odds of 1 in 303 million to win the Mega Millions jackpot of $1.6 billion Tuesday night. About 280 million tickets were sold for Friday's drawing, with about 60 percent of all winning number combinations covered, said Seth Elkin, a spokesman for the...

  • Oct 22- Private equity backed oil and gas producer Neptune Energy on Monday named former Louis Dreyfus executive Armand Lumens as its chief financial officer. Lumens will join Neptune on Dec. 1, the company said in a statement. Neptune, based in London, is backed by Carlyle Group and CVC Capital partners and headed by former Centrica boss Sam Laidlaw.

  • ISTANBUL, Oct 22- An adviser to Turkey's president on Monday rejected Riyadh's assertion that Jamal Khashoggi died in a fight, suggesting it "mocked" world opinion, as Western incredulity deepened over varying Saudi accounts of the journalist's killing. Khashoggi, a Washington Post columnist and a critic of Saudi's powerful crown prince, disappeared three...

  • ISTANBUL, Oct 22- An adviser to Turkey's president on Monday rejected Riyadh's assertion that Jamal Khashoggi died in a fight, suggesting it "mocked" world opinion, as Western incredulity deepened over varying Saudi accounts of the journalist's killing. Khashoggi, a Washington Post columnist and a critic of Saudi's powerful crown prince, disappeared three...

  • Oct 21- Canadian airplane maker Bombardier Inc has sued the aircraft unit of Japan's Mitsubishi Heavy Industries Ltd, saying former Bombardier employees passed on trade secrets to help Mitsubishi's oft-delayed regional jet project. Bombardier filed the lawsuit late Friday in a federal court in Seattle against Mitsubishi Aircraft Corporation, Seattle-...

  • *BASF to set up battery materials plant in Finland. FRANKFURT/ MOSCOW, Oct 22- Germany's BASF and Russian miner Norilsk Nickel have struck a nickel and cobalt supply deal to meet growing demand for electric vehicle batteries. Underpinned by a new BASF cathode plant in Finland, the agreement could provide fresh impetus to European efforts to create battery cell...

  • Chicago wheat eased as traders continued to wait for signs of ample U.S. supplies taking export demand away from the Black Sea region. The Chicago Board Of Trade's most-active corn contract was up 0.3 percent at $3.68-1/ 4 a bushel as of 1136 GMT, off a session low of $3.65-1/ 2 that was its weakest since Oct. 11. CBOT soybeans inched up a quarter of a cent to $8.57 a bushel,...

  • Oct 22- Toymaker Hasbro Inc missed analysts' estimates for quarterly revenue and profit on Monday, as the demise of major retail partner Toys' R' Us hurt sales in the United States and Europe, sending its shares down 9 percent in early trading. Investor expectations were high going into the quarter after Chief Executive Officer Brian Goldner and Wall Street...

  • LAS VEGAS, Oct 22- PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday. Based in Santa Monica, California, Tala lends to individuals in Kenya, Tanzania, the Philippines, and Mexico through its smartphone app. "We see we are all very mission...

  • LAUNCESTON, Australia, Oct 22- With China's anti-pollution restrictions starting to take effect, one of the conventional market wisdoms is that this will boost demand for high-grade iron ore. This time around Beijing has allowed local authorities to set their own anti-smog measures, changing from last winter's policy of imposing blanket cuts on certain...

  • Oct 22- U.S. stock index futures rose at the start of a busy week for U.S. earnings on Monday, feeding into a rise in global stocks on hopes of economic stimulus in China and easing tensions over Italy's debt. Shanghai's benchmark blue-chip index surged over 4 percent after China promised to provide stimulus to stabilize its economy and offset the impact of U.S....

  • FRANKFURT, Oct 22- Wind turbine maker Siemens Gamesa will build an assembly plant in Taiwan if it gets a firm order from Denmark's Orsted to supply its 900- megawatt Greater Changhua offshore wind farm, the German-Spanish company said on Monday. "Greater Changhua represents an extremely significant leap forward for in Taiwan," Andreas Nauen, who heads the...

  • *FX, stocks gain on Italy relief. PRAGUE, Oct 22- Central European currencies headed higher on Monday as markets took some relief from Italy retaining a stable outlook from Moody's ratings agency after an expected downgrade. With central Europe tightly integrated economically and investors watching for any market effects from Italy's tensions with the...

  • *Saudi Arabia says to raise output to 11 million bpd. LONDON, Oct 22- Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. Several U.S. lawmakers have suggested imposing sanctions on Saudi Arabia over the killing of Saudi...

  • A Bloomberg report on Oct.4 cited 17 unidentified sources from intelligence agencies and businesses that claimed Chinese spies had placed computer chips inside equipment used by about 30 companies, including Apple Inc and Amazon.com Inc and multiple U.S. government agencies, which would give Beijing secret access to internal networks.

  • ROME, Oct 22- Prime Minister Giuseppe Conte defended on Monday Italy's 2019 budget, which has fallen foul of the European Commission, saying the failure of previous efforts to stimulate the economy meant a new approach was needed. In a wide-ranging news conference, Conte said he wanted constructive dialogue with the Commission over the contested fiscal...

  • Spot gold was down 0.2 percent at $1,223.74 an ounce at 1042 GMT, having hit a 2-1/ 2- month peak last week at $1,233.26 per ounce. European shares gained ground after Moody's kept Italy's soverign rating intact, with the market also taking cues from rallies in Asia, after China's promise to provide stimulus to stabilise its economy and offset the impact of U.S....

  • LONDON, Oct 22- The euro failed to hold early-session gains on Monday as investors focused on the likelihood of further political uncertainty in Europe over Italy's spending plans, despite a large drop in Italian government borrowing costs. That, along with more conciliatory comments from Italian officials that they were ready to sit down with European Union...

  • *India industry welcomes move but says process still lengthy. BEIJING/ MUMBAI, Oct 22- China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration said on Monday. Rapeseed meal shipments from India can resume from Monday if they meet certain...