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  • DUBAI, Oct 19- A Western boycott of a major business conference in Riyadh next week suggests rising political risks in Saudi Arabia could harm its ambitions to attract foreign capital and diversify its economy away from oil. Rather than whipping up interest in Saudi investment opportunities, the event risks becoming a public relations debacle because of the...

  • *Euro recovers after falling to 2- mth low on Italy worries. U.S. stocks were set for a higher open, however, as a handful of major U.S. corporations beat results forecasts, offsetting concerns about political and growth risks in Europe, China and Saudi Arabia. Late on Thursday, the European Commission told Italy that planned government spending was too high, its...

  • GENEVA, Oct 19- Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. China, the European Union, Canada, Mexico, Norway, Russia and Turkey have all requested that the WTO set up a panel of adjudicators to judge the legality of...

  • Oct 19- Regional U.S. railroad Kansas City Southern reported a 34 percent rise in quarterly profit on Friday, boosted by strength in its automotive, chemicals and petroleum segments. Net income available to shareholders rose to $173.5 million, or $1.70 per share, in the third quarter ended Sept. 30, from $129.2 million, or $1.23 per share, a year earlier.

  • Oct 19- Facebook Inc has hired former U.K. deputy prime minister Nick Clegg as head of the social network's global affairs and communications team, the Financial Times reported on Friday. Clegg, 51, will move to Silicon Valley in January to succeed Elliot Schrage, the report https://www.ft.com/content/358b0e0e-d383-11e8-a9f2-7574db66bcd5 said.

  • FACEBOOK HAS HIRED NICK CLEGG, THE FORMER UK DEPUTY PRIME MINISTER, TO HEAD ITS GLOBAL AFFAIRS AND COMMUNICATIONS TEAM- FT.

  • Net income attributable to the company rose to $3.20 billion, or $1.22 per share, in the first quarter ended Sept. 30, from $2.85 billion, or $1.06 per share, a year earlier. Excluding items, the company earned $1.12 per share beating Wall Street estimate of $1.09 per share, according to I/B/E/S data from Refinitiv. Net sales rose marginally to $16.69 billion from...

  • Oct 19- U.S. stock futures ticked higher on Friday as a handful of major U.S. corporations beat results forecasts, offsetting concerns about political and growth risks in Europe, China and Saudi Arabia that drove a 1 percent fall a day earlier. Trade in Europe on Friday, however, was again dominated by concern over Italy's budget, with stocks falling and the Italian...

  • By John O'Donnell and Tom Sims. FRANKFURT, Oct 19- European politicians have called for action to tackle dividend stripping after Reuters and other media revealed how large banks were involved in trading schemes that cost taxpayers billions of euros. In Germany's biggest post-war fraud investigation, prosecutors in Cologne are investigating banks...

  • JOHANNESBURG, Oct 19- Shares in South Africa's Clover Industries raced to their highest in almost two months on Friday after the dairy company said it is in talks with an unnamed firm that intends to acquire all its shares. Clover's shares jumped as much as 15 percent to 16.40 rand, their highest since Sept. 4, outperforming the All-share on Friday which was down...

  • Spot gold added 0.2 percent to $1,226.85 per ounce by 1115 GMT. The metal has gained 0.7 percent so far this week, after hitting a 2-1/ 2- month high at $1,233.26 on Monday. Sensitivity to equity markets is helping gold at the moment, "Macquarie commodity strategist Matthew Turner said.

  • GENEVA, Oct 19- Disputes over U.S. President Donald Trump's trade tariffs and their consequences are being escalated at the World Trade Organization, with 12 requests for adjudication shown on Friday in an agenda for the WTO's Oct. 29 dispute settlement meeting. The agenda showed seven WTO members challenging U.S. steel and aluminium tariffs and five U.S....

  • *China premiums at $4- $7/ oz; 60 cents to $1.20 in Singapore. MUMBAI/ BENGALURU, Oct 19- A key festival brought little activity to the physical gold market in India this week as purchases remained significantly lower than normal with domestic prices jumping to the highest in more than two years. Demand in India, the second biggest gold consumer after China, usually...

  • The company raised its full-year adjusted earnings forecast to $3.65 per share from the previous expected range of $3.52 to $3.57. The company's income from continuing operations rose to $507.1 million, or $1.26 per share, in the second quarter ended Sept. 29, from $473.8 million, or $1.19 per share, a year earlier. Excluding certain items, VF, earned $1.43 per share,...

  • LONDON, Oct 19- The euro fell towards a two-month low on Friday after the European Union criticized Italy's spending plans, raising fresh concern about a conflict within the common currency zone. Political wrangling over the budget in heavily indebted Italy has seen the euro weaken over 1 percent versus the dollar this week. The European Commision on Thursday...

  • ROVINJ, Croatia, Oct 19- Croatia's mandatory private pension funds said on Friday they are hoping the state will sell shares in big companies so they can diversify more into equity investments, which would help reduce the public debt. Croatia supplements its state pension system by requiring workers to put part of their salaries into four mandatory private...

  • ROVINJ, Croatia, Oct 19- Croatia's mandatory private pension funds said on Friday they are hoping the state will sell shares in big companies so they can diversify more into equity investments, which would help reduce the public debt. Croatia supplements its state pension system by requiring workers to put part of their salaries into four mandatory private...

  • *Forecasts decline in Europe, China truck demand in 2019. STOCKHOLM, Oct 19- Swedish truckmaker Volvo forecast slower demand for trucks in Europe and China next year, fueling investor concerns these major markets may have peaked and sending its shares into reverse. Volvo, which also makes construction equipment and engines, forecast truck market demand in China...

  • *U.S.- China trade war weighs on sentiment. LONDON, Oct 19- Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although the market was heading for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity. Benchmark Brent crude oil was up 70 cents a barrel at...

  • Oct 19- U.S advertising firm Interpublic Group reported a 4 percent rise in quarterly revenue on Friday, helped by higher client spending worldwide. Net income available to the company's common stockholders fell to $161 million, or 41 cents per share, in the third quarter ended Sept. 30, from $169.7 million, or 43 cents per share, a year earlier.