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Wires

  • NEW YORK, Oct 24- A New York federal jury is scheduled to hear opening statements on Tuesday in a bribery trial of the former head of New York City's correction officers' union and a former executive at the now-defunct hedge fund firm Platinum Partners. Norman Seabrook, who once led the Correction Officers Benevolent Association, and former Platinum executive...

  • BRUSSELS, Oct 24- EU state aid regulators on Tuesday approved 1.83 billion euros in French support to La Banque Postale to help it provide basic banking services to poor people. The European Commission said the French aid over a six-year period was in line with rules ensuring a level playing field across the 28- country bloc. La Banque Postale is required by the...

  • LONDON, Oct 24- Europe's benchmark government bond yield reached a two-week high on Tuesday after strong economic data helped convince some investors the European Central Bank is plotting a change to its ultra-easy monetary policy approach. German 10- year yields rose more than 3 basis points to 0.47 percent, their highest since Oct 12 and well clear of a...

  • PRAGUE _ Central European Media Enterprises Ltd. on Tuesday reported a loss of $7.7 million in its third quarter. This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CETV at https://www.zacks.com/ap/CETV.

  • RIYADH, Oct 24- Saudi Energy Minister Khaled al-Falih said on Tuesday that there was flexibility and options were open on an OPEC- led oil output reduction agreement. Falih, who holds the rotating presidency of OPEC, said monitoring was under way on compliance with the deal but he was satisfied and focused on everyone working together. Falih added that oil...

  • LONDON, Oct 24- The European Central Bank is likely to decide the fate of its 2.3 trillion euro stimulus scheme on Thursday in one of the ECB's most keenly anticipated policy meetings for months. Many analysts expect the ECB to announce a cut in monthly purchases to 30 billion euros from 60 billion euros from January for nine months, following recent source-based...

  • LONDON, Oct 24- Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong even though firms increased prices at the steepest rate in over six years. Germany's private sector posted the highest increase in new orders in 6-1/ 2 years in October, implying Europe's largest...

  • *Lacey to become COO of Global Voyager Fund. SINGAPORE, Oct 24- Citigroup's Asia head of insurance investment banking Donald Lacey is leaving the bank to become the chief operating officer of Ping An Insurance Group Co of China's Global Voyager Fund, sources familiar with the situation said. The initial size of the fund is $1 billion and it is led by Jonathan Larsen,...

  • *Iraqi Kurdistan oil flows to Turkey rise- source. LONDON, Oct 24- Oil fell towards $57 a barrel on Tuesday as crude flows through Iraq's northern pipeline to Ceyhan in Turkey rose further, offsetting an expected fall in U.S. crude inventories. Brent crude, the global benchmark, was down 16 cents at $57.21 by 0853 GMT.

  • LAGOS, Oct 24- Nigerian energy company NNPC is relying heavily on swapping its crude for products such as gasoline as its refineries struggle to run, but an official at the state firm said its access to oil is limited. While other importers also supply the nation with fuel, Nigeria caps its gasoline prices, preventing private importers from bringing the product in...

  • LONDON, Oct 24- European Union regulators need temporary fixes in place to prevent market distortions in case banks based in Britain face a Brexit without a deal, Germany's financial watchdog said. Regulators will need temporary solutions to avoid dangerous "distortions" in markets while entering the post-Brexit world, Hufeld said at an event in London.

  • *Japan's Nikkei extends 16- day winning streak. LONDON, Oct 24- European stocks dipped and bond yields drifted higher on Tuesday, as data from the euro zone's top economies bolstered the case for the European Central Bank to signal a sizeable cut this week to its stimulus measures. The pan-European STOXX 600 index was broadly flat meanwhile, with London's FTSE 100...

  • *Sales growth strongest in EMEA, Americas. *Women's sales helped by Rihanna collection, Selena Gomez. Puma said on Tuesday that third-quarter sales rose a currency-adjusted 23 percent in Europe, Middle East and Africa, 16 percent in the Americas and 10 percent in Asia/Pacific.

  • TAICHUNG, Taiwan _ Siliconware Precision Industries Co. on Tuesday reported third-quarter profit of $74.6 million. On a per-share basis, the Taichung, Taiwan- based company said it had profit of 12 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *FTSE 100, mid caps both down 0.1 pct. LONDON, Oct 24- Firmer commodities-related stocks failed to keep the UK's top share index out of negative territory as results depressed Whitbread, though small cap Carillion saw its shares boosted by progress with its debt. Though a rise in energy shares and miners helped stem broader FTSE losses, results weighed on...

  • LONDON, Oct 24- Emerging market equities slipped to two-week lows on Tuesday, tracking falls in developed markets, but Turkish bank stocks and the lira recovered some ground after selling off on Monday. Turkey's visa spat with the United States had also served as a reminder of some of the political risks around Ankara. These losses offset gains in other Asian...

  • TOKYO _ Canon Inc. on Tuesday reported third-quarter net income of $558 million. The Tokyo- based company said it had profit of 52 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BASEL, Switzerland _ Novartis AG on Tuesday reported third-quarter profit of $2.08 billion. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Weather causes steep drop in Italy, France, Spain. The global decline reflects a plunge in output in the European Union, where the world's top three producers-- Italy, France and Spain-- are each projected to see a sharp drop. In France, the weather has affected most of the main growing regions including Bordeaux and Champagne, and the government has projected...

  • BEIJING _ New Oriental Education& Technology Group Inc. on Tuesday reported fiscal first-quarter net income of $158.4 million. The Beijing- based company said it had net income of $1 per share. For the current quarter ending in December, New Oriental said it expects revenue in the range of $447 million to $460.7 million.