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  • 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...

  • Oct 18- Biopharmaceutical company Endocyte Inc said on Thursday that Novartis AG will acquire Endocyte in an all-cash deal for $24 per share, or a total equity value of about $2.1 billion. The offer represents a premium of 54 percent to Endocyte's closing price of $15.56 on Oct. 17, Endocyte said. The cancer drug maker expects the transaction to be completed in the...

  • SHANGHAI, Oct 18- China's yuan fell to its lowest against the U.S. dollar in more than 21 months on Thursday as the greenback strengthened and Washington's refrain from labeling China a currency manipulator gave bears added confidence to push the yuan lower. Also putting pressure on the yuan is divergence between monetary policy stances in China and the United...

  • 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 75 percent stake and Mexico's Grupo Idesa holds the remainder.

  • ZHOUSHAN, China, Oct 18- Exxon Mobil Corp has signed a framework agreement on a 15- year liquefied natural gas supply deal with Zhejiang Provincial Energy Group, a senior executive said on Thursday, marking Zhejiang Energy's first long-term supply deal. Peter Clarke, president of Exxon Mobil gas and power marketing, was speaking at the International Petroleum...

  • SHANGHAI/ HONG KONG, Oct 18- China stocks dropped on Thursday, while the Shanghai Composite index touched its lowest in nearly four years, amid investor concerns about lean domestic growth with the country's premier warning of increasing downward pressure. **China's blue-chip CSI300 index was down 1.51 percent, with its financial sector sub-index down by 1.26...

  • President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies. If China had continued to buy increasing volumes of U.S. crude, LNG and coal, this would have been far more effective at lowering the trade deficit than Trump's chosen path of imposing tariffs on...

  • SEOUL, Oct 18- South Korea's central bank kept its benchmark rate unchanged on Thursday but flagged concerns about mounting household debt and financial stability, boosting expectations that it could raise rates as soon as next month. While the Bank of Korea downgraded its gross domestic product growth forecasts for this year amid growing risks to global...

  • Oct 18- More than 140,000 homes and businesses in Florida and Georgia were still without power on Thursday, in the aftermath of Hurricane Michael, local power companies said. In total, more than 3.3 million customers lost power from Florida to New York after Michael struck the Florida Panhandle on Oct. 10 as a Category 4 storm with maximum sustained winds of 155...

  • TOKYO, Oct 18- Oil inched up on Thursday amid ongoing tensions over the death of a prominent Saudi journalist, with prices steadying after a big drop overnight due to a jump in U.S. crude stockpiles. West Texas Intermediate crude for October delivery was up 12 cents, or 0.2 percent, at $69.87 a barrel by 0413 GMT, after falling 3 percent in the previous session to settle...

  • Spot gold was up 0.1 percent at $1,223.78 an ounce at 0403 GMT, hovering close to its highest since July 26 at 1,233.26 an ounce hit on Monday. U.S. gold futures were flat at $1,226.90 an ounce. "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.

  • WASHINGTON, Oct 17- The U.S. government on Wednesday refrained from naming China or any other trading partner as a currency manipulator, as it leans on import tariffs to try to cut a trade deficit with China. In its semi-annual currency report, the U.S. Treasury Department said a recent depreciation of China's yuan currency will likely exacerbate the U.S. trade...

  • FRANKFURT, Oct 18- Spain's Santander is the latest bank to be caught up in Germany's biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros. In June, prosecutors in Cologne opened a tax investigation into Santander, confidential documents relating to a state prosecutors'...