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  • DUBAI, Oct 22- Saudi Arabia's monetary policy is to "preserve the stability" of the riyal's exchange rate, central bank governor Ahmed al-Kholifey told the newspaper Maal. The riyal is pegged at 3.75 to the dollar but the Saudi currency has come under pressure as a result of the killing of Jamal Khashoggi, a dissident journalist. Riyadh initially denied knowledge...

  • WAYNE, Mich., Oct 22- Ford Motor Co has seen higher steel and aluminum costs driven by trade tariffs bite into profit, but is hopeful the United States and China can avoid further tensions that could make things more costly, a top Ford executive said on Monday. While the United States reached a new regional trade agreement with Canada and Mexico late last month, the...

  • *Speculators cut net short position in week to Oct. 16. Spot gold fell 0.4 percent to $1,221.21 per ounce at 11:59 a.m. EDT, having hit a 2-1/ 2- month peak last week at $1,233.26 per ounce. "The strength of the dollar and the gold market's inability to trade above the 100 day moving average has given people the impression that gold has no chance of rallying," said Walter...

  • Asian stocks rose after China promised to stabilize its economy and offset the impact of U.S. tariffs. The U.S. dollar rose as the British pound fell on news that Brexit negotiations with the European Union over Northern Ireland remain in flux and as the euro continued its slide on political uncertainty over Italy's budget. Treasury yield curve flattened to its...

  • LONDON, Oct 22- Copper prices hit one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity. "The news from China is encouraging for metals," said Eugen Weinberg, analyst at Commerzbank. China is "multiplying its efforts to support the economy, and...

  • FRANKFURT, Oct 22- Euro zone banks expect further increases in loan demand in the fourth quarter but anticipate that the European Central Bank's policy shift will lead to a deterioration in market financing conditions, the ECB said in a survey of lenders on Monday. Banks still see a positive impact on liquidity from the ECB's 2.6 trillion-euro asset purchase...

  • WASHINGTON, Oct 22- The U.S. Securities and Exchange Commission said on Monday it temporarily suspended trading in shares of American Retail Group after the company claimed SEC approval as a custodian for cryptocurrency trading. Nevada- based American Retail Group, also known as Simex, Inc., claimed in August it had partnered with an SEC- qualified custodian for...

  • MEXICO CITY, Oct 22- Hurricane Willa strengthened to a rare category 5 storm on Monday as it barreled toward tourist spots on Mexico's Pacific coast, with landfall expected on Tuesday afternoon or evening, the U.S. National Hurricane Center said. "Willa is expected to be an extremely dangerous major hurricane when it reaches the coast of Mexico," the NHC said.

  • Netflix said in April it planned to raise $1.5 billion in debt, after raising $1.6 billion in October last year, bringing the total in the past year to about $5 billion, just half of the estimated $9 billion it will spend on content in 2018.. Prices on Netflix's existing debt dropped across the board on Monday, with the biggest drops in a bond coming due in 2026, which...

  • MILAN, Oct 22- European shares fell at the end of a choppy trading session on Monday, as relief over Moody's decision to keep Italy's sovereign rating outlook stable proved short lived and the focus turned to Europe's response to Rome's budget plans. The European benchmark index had risen as much as 0.7 percent in early deals after the agency on Friday kept...

  • Oct 22- British mobile operator O2, which is owned by Spain's Telefonica, is putting its 10 billion pound initial public offering plans on hold, the Press Association reported on Monday.

  • LONDON, Oct 22- Sterling fell on Monday as fears grew that the Irish border issue and disagreements within Britain's ruling Conservatives over Brexit could see Prime Minister Theresa May face a serious leadership challenge. A report by the Telegraph newspaper's deputy political editor said the DUP, the Northern Irish party which props up May's government,...

  • It doesn't take much to provide relief, "said Christian Lawrence, a senior market strategist with Rabobank in New York. Brazil's equity benchmark rose on broad-based gains and was on track to record its biggest gain in nearly a week. Brazil's real was 1.2 percent firmer against the dollar, continuing a rally as the country headed into the presidential election...

  • FRANKFURT, Oct 22- Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time. The all-share merger of equals will create an industry leader with revenues of about $27 billion based on 2017 figures, and 80,000 employees across more than 100 countries, which...

  • LJUBLJANA, Oct 22- Slovenia's economy is expected to maintain growth due to solid demand for its main exports despite increasing global risks and mounting inflationary pressures linked to higher oil prices, the Bank of Slovenia said in a report on Monday. Slovenia, which only narrowly avoided an international bailout for its banks in 2013, returned to growth a...

  • *Halliburton forecast, oil price drop hit energy stocks. Oct 22- U.S. stocks edged down on Monday as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower. The energy sector fell 1.59 percent, the most among the 11 S&P sectors, after crude oil...

  • Oct 22- Canada's main stock index edged lower on Monday as falling commodity prices pulled down energy and gold mining shares. *At 9:54 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 40.03 points, or 0.26 percent, at 15,430.07. Oil slipped below $80 a barrel as Saudi Arabia pledged to raise its crude production to a record, two weeks before...

  • ISTANBUL, Oct 22- Turkey's ruling party said on Monday Jamal Khashoggi was the victim of a "monstrously planned" murder, dismissing Riyadh's assertion he died in a fight, as Western incredulity deepened over varying Saudi accounts of the journalist's disappearance. Khashoggi, a Washington Post columnist and critic of the powerful Saudi crown prince,...

  • LONDON, Oct 22- British carmaker Aston Martin is considering flying in components and moving more parts through ports other than Dover if there is any border friction after Britain leaves the EU, its boss told Reuters. Coventry and Birmingham airport, near the firm's central English Gaydon plant, and the port of Sunderland are among the locations the firm is...