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  • PARIS, Oct 17- Danone said sales growth slowed sharply in the third quarter, reflecting falling sales of its infant formula products in China amid tough comparables and a slower birth rate, as well as lost dairy sales stemming from a consumer boycott in Morocco. Warm weather in Europe, however, lifted sales at its water division while growth accelerated at its...

  • *Tech shares receive boost from rebound by Wall St peers. TOKYO, Oct 17- Japan's Nikkei share average rose on Wednesday, continuing its recovery from last week's sharp downturn with a turnaround by Wall Street peers lifting technology stocks. The Nikkei had soared to a 27- year high on Oct. 2, before being dragged down by Wall Street's tumble.

  • LONDON, Oct 17- British education publishing company Pearson said it was on track to return to profit growth in 2018 and expected a boost to earnings per share from a one-off tax benefit. Pearson, rebuilding as a digital learning company after major pressures in its U.S. higher education courseware business, reported a slowdown in underlying revenue however,...

  • PARIS, Oct 17- Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales decline in September, the main regional industry body said on Wednesday, as automakers continued to suffer from the introduction of tougher new emissions tests. Registrations fell to 1.12 million cars in European Union and European Free Trade Association...

  • *Malaysia 2018 biodiesel output could rise 25 pct on-year- assoc. "These would be record high levels for Malaysia," he said. Malaysia churned out 720,410 tonnes of biodiesel in 2017 and exported 235,291 tonnes, according to local data.

  • ZURICH, Oct 17- Prospects for a new treaty cementing ties between Switzerland and the European Union, its biggest trading partner, appeared to fade on Wednesday as four years of negotiations failed to produce a breakthrough by the EU's mid-October deadline. The talks are complicated by Britain's separate negotiations on divorce terms from the European Union,...

  • BERLIN, Oct 17- It would not hurt Europe if Britain was allowed to remain in the European Union customs union and internal market beyond an agreed transitional arrangement, Luxembourg Foreign Minister Jean Asselborn said. If a year is added to that it won't hurt Europe, I hope not Britain as well, "Asselborn told German broadcaster Deutschlandfunk on Wednesday.

  • BEIJING, Oct 17- Chinese search engine Baidu Inc has become the first Chinese company to join an artificial intelligence ethics group led by top U.S. tech firms, amid wider political clashes over AI competition between China and the United States. "Baidu's admission represents the beginning of PAI's entrance into China. We will continue to add new members in...

  • PHNOM PENH, Oct 17- A European Union decision to ramp up trade pressure on Cambodia has alarmed unions in its garment industry, a pillar of the economy that employs about 700,000 people, but a key grouping of manufacturers said the risk would take months to materialise. Cambodia's biggest export market, the EU, warned this month that the Southeast Asian nation...

  • SYDNEY, Oct 17- Asian equities got some welcome relief on Wednesday after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.7 percent and South Korea 1.2 percent, while spreadbetters pointed to opening gains...

  • Oct 17- Uber Technologies Inc is considering selling minority stakes in its costly self-driving car unit as the ride-hailing company tries to address rising cost pressures ahead of its initial public offering, the Financial Times reported on Wednesday. Uber Chief Executive Officer Dara Khosrowshahi said last month there was no plan to sell the...

  • MEXICO CITY, Oct 17- Mexico's incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a unit of Brazilian builder Odebrecht. The plant is operated by the consortium in which Odebrecht's unit Braskem has a 70 percent stake and Mexico's Grupo Idesa holds the remainder.

  • SHANGHAI, Oct 17- China's yuan weakened on Wednesday, shrugging off a stronger midpoint fixing from the country's central bank, as the dollar steadied from overnight losses and as market indicators backed investor views of continued yuan weakness over coming months. Reflecting the previous session's losses in the greenback, the People's Bank of China set the...

  • *Spot gold targeting $1,208- $1,217/ oz range- technicals. Spot gold was down 0.2 percent to $1,221.56 per ounce at 0438 GMT, but still near a 2-1/ 2- month high of $1,233.26 per ounce hit on Monday. They were in pretty much at the top and we see those guys exiting the market, "said Stephen Innes, APAC trading head at OANDA in Singapore.

  • SYDNEY, Oct 17- Australia's financial regulator said on Wednesday top banking executives will be held to a higher standard of personal accountability under new rules introduced, as the scandal-hit sector comes under intense scrutiny. Australia's biggest banks are in damage-control mode after a powerful inquiry, called a Royal Commission, uncovered a...

  • TOKYO, Oct 17- Fujifilm Holdings Corp has won an appeal in its legal battle with Xerox Corp, with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason that also handed control of the U.S....

  • LAUNCESTON, Australia, Oct 17- The crude oil price appears firmly in the hands of geopolitical concerns, with veiled Saudi threats over the disappearance of a journalist and the ramping up of U.S. sanctions against Iran getting most of the attention. The disappearance, and presumed murder, of Saudi Arabian journalist Jamal Khashoggi at the Kingdom's consulate...

  • Oct 17- Uber Technologies Inc is considering selling minority stakes in its costly self-driving car unit as the ride-hailing firm tries to address rising cost pressures ahead of its initial public offering, the Financial times reported on Wednesday. Uber received interest from potential investors and could spin off its Advanced Technologies Group into a...

  • *Wall Street earnings boosts risk sentiment, yen weakens. SINGAPORE, Oct 17- The dollar strengthened against most major peers on Wednesday, while the yen weakened as upbeat Wall Street earnings reduced global appetites for safe haven assets. The three main Wall Street indexes each rose by more than 2 percent as blue-chips delivered strong earnings indicating...

  • HOUSTON, Oct 17- Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. "The risk for a number of firms is to the downside," said Brad Handler, a Jefferies equity analyst in New York who...