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Wires

  • SEOUL, South Korea— South Korea's central bank says Asia's fourth-largest economy is likely to grow 3.0 percent this year, helped by strong exports. Bank of Korea said Thursday that South Korea's economic growth this year will be stronger than its earlier forecast of 2.8 percent growth in July. It said that in 2018, South Korea's economy will expand at a slightly...

  • PARIS, Oct 19- Advertising group Publicis said it expected to deliver stronger organic growth in the second half of 2017 after it benefited from another sequential rise in revenue in the third quarter, lifted by continued momentum in North America. Publicis, the world's third-largest advertising group, said sales in the quarter ending September were up 1.2...

  • PARIS, Oct 19- Spirits group Pernod Ricard posted a stronger-than-expected 5.7 percent rise in first-quarter underlying sales, helped by higher demand for its Martell cognac and Chivas whisky in China, and by robust growth in its main U.S. market. For the first quarter ended Sept. 30, Pernod Ricard reported sales of 2.29 billion euros, marking a like-for-like rise...

  • General Motors Co.' s last Holden sedan will roll off the production line in the industrial city of Adelaide on Friday. GM Holden Ltd. is the last of an array of carmakers that once included Ford, Toyota, Nissan, Mitsubishi, Chrysler and Leyland to abandon Australia in recent decades. The opposition party on Thursday accused the government of "goading General...

  • TOKYO, Oct 19- Japanese government bonds were mostly firm on Thursday, underpinned by a solid five-year auction, though longer maturities succumbed to pressure from U.S. "The short end of the curve is trading firmer, mainly because of foreign investors buying dollar-yen basis swaps, the 10- year zone is not going anywhere, and the longer end is slightly heavier,"...

  • *China Q3 GDP growth slows slightly to 6.8 pct vs 6.9 pct in Q2. Spreadbetters expected Britain's FTSE to open 0.1 percent lower, Germany's DAX to start flat and France's CAC to open down 0.1 percent. Data on Thursday showed China's economic growth cooled slightly to 6.8 percent in the third quarter from a year earlier, from the second quarter's 6.9 percent, as...

  • FRANKFURT, Oct 19- SAP, Europe's most valuable technology company, reported that third-quarter revenue growth slowed after a strong first half and profits came up just short of analysts' expectations. Core profit excluding special items rose by 4 percent to 1.64 billion euros at constant currency rates, SAP said, below the 1.69 billion euros expected by...

  • *China Sept property sales drop for 1st time in 2-1/ 2 years. SHANGHAI, Oct 19- China stocks fell on Thursday after data showed the country's economic growth slowed slightly in the third quarter and property sales fell for the first time in over 2-1/ 2 years, highlighting the risk of a further cooldown. Markets also remained fixated on the 19th Communist Party...

  • FRANKFURT, Oct 19- SAP, Europe's most valuable technology company, reported that third-quarter revenue growth slowed after a strong first half and profits came up just short of analysts' expectations. Core profit excluding special items rose by 4 percent to 1.64 billion euros at constant currency rates, SAP said, below the 1.69 billion euros expected by...

  • PARIS, Oct 19- French aerospace and defence technology group Thales reported a dip in third-quarter sales compared to a year earlier, yet nevertheless kept its financial goals due to positive market trends and solid orders. Sales for the third quarter ending September stood at 3.1 billion euros, down 2.9 percent from a year earlier, when its 2016 third quarter...

  • NEW YORK, Oct 19- On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth. "We have learned a lot from the mistakes of the past in terms of the reaction or over reaction," said Ken Polcari, director of...

  • The Senate and the House of Representatives must agree on a fiscal year 2018 budget resolution for Republicans to meet their goal of enacting a tax bill and sending it to Trump for his signature by the end of this year. The budget resolution contains a legislative tool called reconciliation, which would enable Republicans, who control the 100- seat Senate by a...

  • NEW YORK, Oct 19- Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. The reason was the stock market crash known as "Black Monday" on October 19, 1987. Kenny, now senior market strategist at Global Markets Advisory Group in New York, was a...

  • SAN CARLOS, Colombia, Oct 19- Farmers who fled war in the Colombian Andes are returning to revive their abandoned land, cultivating coffee trees that are boosting global supplies of the highest-quality beans. Colombia's five-decade civil war, the longest in the Americas, displaced millions and disrupted farming for decades in areas that produce coffee for the...

  • SHANGHAI, Oct 19- China's yuan eased against the U.S. dollar on Thursday morning after slightly slower economic growth in the third quarter, while strong corporate demand for the greenback piled additional pressure on the Chinese currency. China's economy grew 6.8 percent in July-September period from a year earlier, in line with market expectations and...

  • *Spot gold may target $1,263/ oz- technicals. as of 0347 GMT after earlier hitting its lowest since Oct. 9 at $1,276.44. We don't see immediate upward catalyst for gold except for North Korea, "said Richard Xu, a fund manager at China's biggest gold exchange-traded fund, HuaAn Gold.

  • BEIJING, Oct 19- China's central bank governor Zhou Xiaochuan said on Thursday that he is likely to retire soon, confirming an earlier Reuters report. "Either way it'll be soon," Zhou said on the sidelines of the Communist Party Congress, when asked whether he would retire this year or next. China's top banking regulator Guo Shuqing and veteran banker Jiang...

  • BEIJING, Oct 19- China will fend off risks from excessive optimism that could lead to a "Minsky Moment", central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly. China will control risks from sudden adjustments to asset bubbles and will seriously deal with disguised...

  • TOKYO, Oct 19- Japan's securities watchdog is investigating Toshiba Corp's accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday. The move follows an unusual "qualified opinion" given to the earnings report for the past business year by Toshiba's...

  • MELBOURNE, Oct 19- London copper held steady on Thursday after in-line economic readings out of China signalled some moderation in growth. China's economic growth slowed slightly as expected in the third quarter as the government's efforts to rein in the property market and debt risks tempered activity in the world's second-largest economy.