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  • FUNDS BACK PROPOSAL TO REMOVE ZUCKERBERG AS FACEBOOK CHAIRMAN- WSJ.

  • *Oettinger says Italy budget doesn't meet EU guidelines- Spiegel. *Italy announces bond buyback, reopening of five bonds. European Commissioner Guenther Oettinger said Italy's draft budget for 2019 was not in line with European Union guidelines, according to German magazine Der Spiegel, reviving concerns about a clash between the EU and Rome over the Italian...

  • WASHINGTON, Oct 17- U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence. Other details of the report published by the Commerce Department on Wednesday were also soft. "The housing market continues to sputter," said Robert Frick, corporate...

  • Oct 17- Banks, including underwriters of SoftBank Group's initial public offering of its mobile unit, are finalising terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter. SoftBank's Vision Fund will offer stakes in five of its holdings as collateral, according to the Bloomberg report, but the...

  • NEW YORK, Oct 17- A gauge of stocks across the world edged lower on Wednesday following its largest daily run-up in over two years, as the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM. Lower-than-expected UK inflation data weighed on sterling, which gave up the previous day's gains. On Wall Street, IBM fell 7.4...

  • NEW YORK, Oct 17- Oil prices fell on Wednesday, with U.S. futures slipping below $70 a barrel for the first time in a month, after U.S. stockpiles rose by 6.5 million barrels, almost triple what analysts had forecast, while exports dropped. Oil had been rising on worries about Iranian sanctions and tensions between the United States and Saudi Arabia after the death of...

  • LONDON, Oct 17- Copper prices fell on Wednesday as better than forecast Chinese lending data signalling solid economic growth in the world's biggest metals consumer was offset by signs that a supply squeeze in China was receding. Fears that a U.S.- China trade dispute would weaken demand helped push prices to a 14- month low of $5,773 in August.

  • LONDON, Oct 17- Copper prices fell on Wednesday as better than forecast Chinese lending data signaling solid economic growth in the world's biggest metals consumer was offset by signs that a supply squeeze in China was receding. Fears that a U.S.- China trade dispute would weaken demand helped push prices to a 14- month low of $5,773 in August.

  • *MARK CARNEY SAYS HE LAID OUT STRESS-TEST SCENARIOS TO UK CABINET- BLOOMBERG Source: https://bloom.bg/2QUBu2k.

  • Oct 17- Tesla Inc's vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported https://www.businessinsider.com/teslas-vp-of-manufacturing-gilbert-passin-is-out- s o u r c e- 2 0 1 8- 1 0 on Wednesday, citing a source familiar with the situation. Chief Accounting Officer Dave Morton resigned after just one month in the...

  • BUDAPEST, Oct 17- Hungarian government bond yields dropped on Wednesday and a rebound in Central European equities lost steam as investors digested concerns about loose monetary policy. The National Bank of Hungary kept its interest rates at record lows on Tuesday even though inflation worries, coupled with a rise in U.S. yields, made the country's debt yield...

  • TREASURY YIELDS HOLD AT MODESTLY LOWER LEVELS AS WALL STREET LOSSES ACCELERATE; 10- YEAR YIELD LAST AT 3.152 PCT.

  • Oct 17- U.S. crude oil stockpiles rose last week for the fourth straight week, led by a notable increase in inventories at the Cushing, Oklahoma, hub, while gasoline and distillate stocks fell, the Energy Information Administration said on Wednesday. U.S. crude was down nearly 3 percent to $69.82 a barrel, while Brent crude dropped 2.3 percent to $79.46 a barrel.

  • Oct 17- Apple Inc on Wednesday rolled out an online tool to users in the United States and several other countries to download, change or delete all the data that the iPhone maker has collected on them. Apple updated its privacy website with the tool, which was unveiled earlier this year for users in the European Union in response to the region's General Data...

  • Oct 17- The U.S. Centers for Disease Control and Prevention has confirmed 62 cases of acute flaccid myelitis, a rare, polio-like condition that causes weakness in the arms or legs, across 22 states. The CDC is investigating 127 reported cases, including the ones that have been confirmed. The CDC estimates it affects only 1 out of 1 million people in the United States.

  • MARK CARNEY SAYS HE LAID OUT STRESS-TEST SCENARIOS TO U.K. CABINET- BLOOMBERG.

  • Reliance, controlled by India's richest man Mukesh Ambani, said it will acquire a 51.3 percent stake in Hathway Cable and Datacom Ltd for 29.40 billion rupees. It will also purchase new shares worth 20.45 billion rupees and buy secondary shares for 2.45 billion rupees for a 66 percent stake in Den Networks Ltd, it said in a statement. Reliance disrupted India's...

  • Retailers have said they would add 704,000 jobs in total to their rosters ahead of the important holiday shopping season, which is up 1.2 percent from the previous best figures in 2014, according to global outplacement and executive coaching firm Challenger, Gray& Christmas Inc in a report released on Wednesday. Overall sales for the holiday season-...

  • Oct 17- After another lackluster quarter for bond trading, most Wall Street banks are moving faster to adopt new technology to improve results, but analysts say the winners of the race must grow market share to combat shrinking margins. Last Friday, JPMorgan Chief Executive Jamie Dimon told analysts that results could improve as the bond market doubles in size...

  • ABUJA, Oct 17- Nigeria's upper house of parliament approved a planned $2.786 billion Eurobond issue on Wednesday but advised the government to limit foreign borrowing and instead boost revenues. Lawmakers said the new bond issue will raise foreign borrowing to 32 percent of Nigeria's total debt from 30 percent at June 2018. On Wednesday, the government also...