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  • LONDON, Oct 17- British education group Pearson said it expected its full-year operating profit to come in at the top half of its forecast range, in the first positive news on trading for some time. Pearson, which has been hit in recent years by the sudden shift to digital from paper textbooks, said it now expected 2017 adjusted operation profit to come in between 576...

  • LONDON, Oct 17- An experimental cancer drug discovered by Hutchison China MediTech has demonstrated promising activity in shrinking tumours in lung cancer patients whose disease had worsened following treatment with approved medicines. The treatment, which Hutchison China MediTech or "Chi-Med" is developing with AstraZeneca, is one of a new wave of...

  • PARIS, Oct 17- French spirits company Remy Cointreau on Tuesday said improving appetite in the United States for higher-end cognac had buoyed sales in its second quarter, while strong demand in China also drove growth and helped the company beat forecasts. Remy Cointreau, which also makes Mount Gay rum and Cointreau liqueur, is focusing on pricier spirits at $50...

  • Casino, which controls Brazil's top retailer Grupo Pao de Acucar, said third quarter sales reached 9.2 billion euros, slightly ahead of analysts' expectations for sales of 9.119 billion euros. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticised by U.S. activist fund Muddy Waters, is under pressure to show it can...

  • FRANKFURT, Oct 16- A surcharge levied on German power bills to support renewable energy will fall by 1.3 percent next year, but the relief to consumers from the move will be limited, the country's network operators said on Monday. The surcharge under the renewable energy act will amount to 6.792 euro cents per kilowatt-hour in 2018, down from 6.880 cents this year,...

  • PARIS, Oct 17- French food group Danone said on Tuesday that underlying sales growth accelerated in the third quarter, led by a strong recovery in demand for infant food formula and water products in China. The world's largest yoghurt maker, whose brands include Actimel and Activia, nevertheless said that challenging conditions had impacted its dairy business...

  • LAUNCESTON, Australia, Oct 17- The detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time. Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16 percent jump on...

  • *Iraqi forces take Kurdish-held oil city of Kirkuk. SINGAPORE, Oct 17- A risk premium has returned to oil markets, boosting global prices as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran. After months of range-bound trading during which OPEC- led supply cuts supported crude prices but rising U.S....

  • BEIJING— Asian stocks rose Tuesday after Wall Street's major indexes hit new highs as China prepared to open a key political meeting. Hong Kong's Hang Seng gained 0.2 percent to 28,744.01 and Sydney's S&P-ASX 200 rose 0.8 percent to 5,894.00. Benchmarks in New Zealand and Singapore gained while Taiwan, Bangkok and Jakarta retreated.

  • CANBERRA, Australia— The Australian government has rejected a plan to generate 42 percent of its energy from renewable sources and will instead pursue cheaper and more reliable power. Conservation groups on Tuesday condemned the ruling conservative coalition for rejecting the renewable energy target for 2030 that was recommended this year by...

  • NEW YORK/ NEW DELHI, Oct 17- India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015.. Foreign refiners, including...

  • Oct 17- Microsoft Corp's secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database. The company did not disclose the extent of the attack to the public or its customers after its...

  • WASHINGTON, Oct 17- Trade ministers from the United States, Canada and Mexico wrap up a contentious round of NAFTA trade talks on Tuesday marked by aggressive U.S. demands that have left the future of the 23- year-old free trade pact in doubt. President Donald Trump's desire to claw back lost manufacturing jobs and shrink U.S. goods trade deficits amounting to $64...

  • *China c.bank injects cash as treasury yields climb above 3.7 pct. SHANGHAI, Oct 17- China stocks inched up on Tuesday, recovering early losses, but investors were cautious about staking out fresh positions ahead of a politically-sensitive Communist Party Congress and third-quarter economic data later in the week. Sentiment was also aided central bank's 190...

  • SHANGHAI, Oct 17- China's yuan slipped below a key threshold against the U.S. dollar on Tuesday morning, in the wake of a weaker official midpoint and higher corporate demand for the greenback. Prior to Tuesday's market opening, the People's Bank of China set its midpoint for trading at 6.5883 per dollar, 44 pips or 0.07 percent weaker than the previous fix of 6.5839.

  • MONTREAL/ PARIS, Oct 16- Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.. The deal, which would come at no cost for Toulouse, France- based...

  • HOUSTON, Oct 16- The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday. Missing is Timothy Morrison, 44, of Katy, Texas, the Coast Guard said in a statement. Three workers remain in hospital for blast and burn treatment, some in critical...

  • *Spot gold may drop to $1,281/ oz- technicals. Oct 17- Gold prices were mostly steady on Tuesday, pressured by a firmer dollar but supported by worries over geopolitical tensions in the Middle East and on the Korean peninsula. Spot gold was little changed at $1,293.24 an ounce at 0344 GMT, while U.S. gold futures for December delivery.

  • TOKYO, Oct 17- Longer-dated Japanese government bonds firmed on Tuesday after a 20- year debt auction drew ample investor demand and allowed the market to deflect negative pressure from weaker U.S. The good demand for the 20- years auctioned on Tuesday reflected the market taking some comfort from media polls showing Prime Minister Shinzo Abe's ruling party...

  • SYDNEY, Oct 17- London copper paused for breath near three-year highs on Tuesday as it faced headwinds from a stronger dollar, but renewed optimism over China's economic outlook has lent support to prices. Metals prices could find more support if China's National Party Congress this week unveils polices that extend the country's environmental-led industry...