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  • LONDON, Oct 18- The British pound recovered to turn positive on Thursday after Prime Minister Theresa May confirmed she was open to discussing an extension of the transition period after Brexit. Sterling traded at $1.3114, flat on the day, after earlier dipping to $1.3076, with traders also preparing for retail sales data for September due at 0830 GMT.

  • Oct 18- HSBC is set to be the first foreign company to list its shares in China as part of a new stock exchange link between London and Shanghai, the Financial Times reported on Thursday. Talks to list HSBC shares in Shanghai first began in 2007, it added. China's securities regulator last week published rules for the cross-border stock connect scheme, which only...

  • Spot gold was flat at $1,222.23 an ounce at 0746 GMT, staying close to its highest since July 26 at 1,233.26 an ounce hit on Monday. "Gold is closely tracking both the U.S. dollar and equities, more so the dollar," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong. "When the debate is that how high you can push the interest rate, it is going to leave a...

  • LONDON, Oct 18- European shares opened slightly higher on Thursday as a flurry of corporate trading updates somewhat quelled fears of fast-rising U.S. interest rates amid ongoing concerns the Sino-U.S. trade conflict could escalate and hurt the global economy. Europe's third-quarter earnings season is kicking up a gear after indexes hit a 22- month low last...

  • BERLIN, Oct 18- Germany's DIHK Chambers of Industry and Commerce has cut its 2018 growth forecast for Europe's largest economy to 1.8 percent from 2.2 percent and forecast a slow-down to 1.7 percent next year. "Companies are noticeably more cautious about their business outlook, we see the biggest deterioration in business expectations in four years," the DIHK...

  • BEIJING, Oct 18- Foreign direct investment into China increased 2.9 percent in the first nine months of this year to 636.7 billion yuan from a year earlier, China's Ministry of Commerce said on Thursday. In September, the FDI into China rose 8 percent to 76.27 billion yuan compared with the year-ago period, the ministry said. Foreign direct investment into China...

  • *CFO says appraisal of Myanmar gas project "encouraging". MELBOURNE, Oct 18- Woodside Petroleum Ltd on Thursday said it was aiming to bring forward the target date for approving the mammoth Browse gas project off northwest Australia by a year to 2020, with the $15 billion cost estimate potentially being pared. Woodside is driving Browse and the $11 billion...

  • TOKYO, Oct 18- Oil steadied on Thursday as support from ongoing tensions over the disappearance of a prominent Saudi journalist offset a big drop overnight due to a jump in U.S. crude stockpiles. West Texas Intermediate crude for October delivery was up 1 cent at $69.76 a barrel by 0650 GMT, after falling 3 percent in the previous session to settle below $70 for the...

  • ZHOUSHAN, China/ SINGAPORE, Oct 18- State oil giant Saudi Aramco signed an agreement on Thursday to invest in a refinery-petrochemical project in eastern China, part of its strategy to expand in downstream operations globally. The memorandum of understanding between the company and Zhejiang province included plans to invest in a new refinery and co-operate...

  • *Cloud revenues grow 41 percent in third quarter. FRANKFURT, Oct 18- German software company SAP reported a 41 percent jump in cloud revenues in the third quarter as its business transformation gathers pace, enabling management to raise guidance for revenues and profits this year. Europe's most valuable tech company is ramping up sales and installations of its...

  • PRAGUE, Oct 18- Broadcaster Central European Media Enterprises reported a 34 percent rise in third-quarter core profit, beating expectations in a typically weaker period as advertising revenues maintained strong growth. CME, active in six central and eastern European markets although it is exiting Croatia and Slovenia, has sought to cut a debt pile of $1...

  • BEIJING/ MANILA, Oct 18- Steelmakers in Tangshan, China's biggest steel producing city, are boosting output as local officials have failed to issue precise orders on output curbs even though the city's winter pollution restrictions took effect two weeks ago. On Sept. 27, China's Ministry of Environment and Ecology issued new winter anti-pollution plans that...

  • SEOUL, Oct 18- The United States opposes a plan by South and North Korea to set up a no-fly zone over their heavily fortified border, the latest sign of a rift between Seoul and its top ally, two sources familiar with the matter told Reuters. Washington and Seoul both publicly insist they are on the same page about dealing with Pyongyang. The United States was not...

  • ZURICH, Oct 18- Swiss drugmaker Novartis raised its full-year sales outlook, citing growing revenue from its Cosentyx psoriasis and arthritis drug as well as the performance of its heart failure medicine Entresto, whose third-quarter sales more than doubled. Third-quarter core net income rose 2 percent to $3.1 billion, compared to the average analyst...

  • *U.S. report doesn't label China as currency manipulator. TOKYO, Oct 18- China's benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence. China's stock markets were hit hard, with the nation's premier warning that...

  • ZURICH, Oct 18- Food group Nestle confirmed it wants to grow sales by around 3 percent this year after it reported on Thursday improved trading in North America and infant nutrition had pushed up underlying sales in the third quarter. Our business in China continued to grow at a mid single-digit pace, "Chief Executive Mark Schneider said in a statement on Thursday.

  • PUBLICIS TO SELL PUBLICIS HEALTH SOLUTIONS AND HAS RECEIVED SEVERAL EXPRESSIONS OF INTEREST FOR THE BUSINESS- CEO.

  • PUBLICIS Q3 REVENUE UP 1.3 PCT ON AN ORGANIC BASIS TO 2.197 BLN EUROS, IN LINE WITH MARKET EXPECTATIONS.

  • PUBLICIS CONFIRMS FULL-YEAR GUIDANCE.

  • FRANKFURT, Oct 18- Germany's SAP said that its cloud revenues grew by 41 percent in the third quarter as its business transformation gathers pace, enabling management to raise guidance for revenues and profits this year. SAP, Europe's most valuable tech company, said it now expects revenues to grow by 7.5 to 8.5 percent in 2018 and operating profits by 9.5 to 11...