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  • Oct 17- British trade minister Liam Fox said the UK will need a longer transition period to make a free-trade deal with the European Union, The Times newspaper reported on Wednesday. Fox suggested that Britain may stay in transition for a "few more months" beyond the end of December 2020, the newspaper reported...

  • BRUSSELS/ LUXEMBOURG, Oct 17- European Union leaders will give British Prime Minister Theresa May a tough reception in Brussels on Wednesday, warning her to rally support at home for the Brexit deal on offer or be cut loose without one in March. Officials said they expected the leaders to tell May they have little more to offer since talks stalled on Sunday and they...

  • BUENOS AIRES, Oct 16- Argentina's central bank issued a fresh batch of publicly-traded, short-term notes on Tuesday in an bid to chip away at its year-end repayment obligations, which have contributed to concerns over the country's ability to service its international debt obligations in 2019.. The central bank said it sold 105.810 billion pesos worth of...

  • LIAM FOX SUGGESTED TUESDAY THAT BRITAIN MAY END UP STAYING IN TRANSITION FOR A FEW MORE MONTHS BEYOND END OF DECEMBER 2020- THE TIMES.

  • BRITAIN'S LIAM FOX SAYS UK WILL NEED LONGER TRANSITION TO MAKE FREE-TRADE DEAL WITH EU- THE TIMES.

  • HANGZHOU, China, Oct 17- Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country's wave of investment in clean transportation. China is using preferential policies and brute manufacturing power to position itself at the forefront of...

  • Oct 16- Softbank Group Chief Operating Officer Marcelo Claure said it is "business at usual" at the companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital. Speaking at a technology conference for Arm Holdings, which was acquired by Softbank Group in 2016 in a $32 billion...

  • WASHINGTON, Oct 16- U.S. Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive October bills for people hardest hit by Hurricane Michael after some Florida residents expressed frustration in getting mobile phone service restored. At least 18 deaths in four states have been blamed on Michael, which crashed into...

  • Oct 16- CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents,...

  • *Wages to increase by 14 percent over four years. CHICAGO, Oct 16- United States Steel Corp workers are set to get the biggest wage jump in at least six years under a new deal negotiated with the company, providing early signs that gains from U.S. Wages were frozen in the last contract, which ended on Sept. 1, as the Pittsburgh- based company was suffering losses from a...

  • The body that governs the capital's historic "Square Mile" financial district said in a report that London secured 55 inbound foreign direct investment projects in financial services last year, compared with 26 each for Dublin and Paris, 24 in Frankfurt, and 20 in New York. Top investors came from the United States, Sweden and China, while investments from the...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? *China 2018, 2019 GDP growth seen at 6.6 pct, 6.3 pct, unchanged from July survey. BEIJING, Oct 16- China's central bank is increasingly expected to cut the amount of funds banks need to hold as reserves next year as the government looks to funnel cash into an economy hit by slowing domestic demand and a...

  • TORONTO, Oct 16- U.S. hedge fund Livermore Partners has called for an overhaul of the board at Detour Gold Corp and a strategic review, becoming the second activist to target the Canadian mining company. Livermore sent a letter dated Oct. 16 to Detour in which Livermore Managing Director David Neuhauser said the board had failed its shareholders on "numerous...

  • MEXICO CITY, Oct 16- The new U.S.- Mexico- Canada trade agreement increases protectionism in the North American region but will most benefit Mexico, a senior trade negotiator for that country said, despite U.S. Jesus Seade, who led the negotiations for Mexico's incoming leftist government, told Reuters in an interview on Monday he believed the agreement,...

  • SAO PAULO, Oct 16- Brazilian iron ore miner Vale said on Tuesday that it plans to use its cash flow cautiously going forward, devoting about 30 percent of its earnings before interest, taxes, depreciation and amortization to regular dividends.

  • Southeast were still without power on Tuesday, according to local power companies, since Hurricane Michael last week swept up the East Coast from Florida to Virginia. In total, over 3.2 million customers lost power from Florida to New York after Michael struck the Florida Panhandle as a Category 4 storm with maximum sustained winds of 155 miles per hour.

  • Oct 16- Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The leap in subscribers- and the company's shares- marks a sharp turnaround from three months ago, when investors sent Netflix shares...

  • RIO DE JANEIRO, Oct 16- Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.5 million tonnes per year is likely to be reached in 2021, the miner's Brazil chief said on Tuesday. The company halted production at the Minas Rio mine after two leaks in March in a pipeline that channels...

  • BRASILIA, Oct 16- Brazil's far-right front-runner will not take part in any presidential debates or return to the campaign trail ahead of the Oct. 28 run-off election due to his medical condition, one of his closest aides told Reuters on Tuesday. Bolsonaro was stabbed in the gut at a rally last month, while campaigning in one of Brazil's most polarized elections in...

  • NEW YORK, Oct 16- Bank of Montreal has appointed veteran investment banker Susan Wolford as vice-chair of investment and corporate banking and Patrick Kratus as head of technology and businesses services, according to a memo reviewed by Reuters on Tuesday. A representative for BMO Capital Markets, the investment banking arm of Canada's Bank of Montreal, could...