News Wire

Ghana government in talks to takeover AirtelTigo shares

28/10 Ghana and telecoms operators Airtel and Tigo are in advanced stages of discussions for the transfer of AirtelTigo shares to the government of Ghana, the company said in a statement.  Full story

Japan Sept retail sales fall 8.7% year/year - govt

01h51 Japanese retail sales fell 8.7% in September from a year earlier, down for a seventh straight month, government data showed on Thursday, as the coronavirus pandemic kept a lid on consumers' shopping appetite.. . .  Full story

PBF Energy to shut fuel producing units at Paulsboro refinery - two sources familiar

01h51 PBF Energy will shut most refining units at its Paulsboro, New Jersey refinery, in another blow to U.S. East Coast refining operations, according to two sources familiar with the matter. (Reporting By Laura Sanicola). . .  Full story

Australia's ANZ bank beats earnings expectations, cuts dividend

01h35 Australia and New Zealand Banking Group Ltd on Thursday beat market expectations with a rebound in cash earnings in the second half, boosted by lower provisions for bad debts due to the pandemic that. . .  Full story

Surge in coronavirus cases set to shake Asian markets

01h33 Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets.. . .  Full story

Exxon Mobil keeps quarterly dividend flat for first time since 1982

01h27 Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder. . .  Full story

Fortescue Metals quarterly iron ore shipments jump 5% on strong China demand

01h10 Australia's Fortescue Metals Group Ltd posted a 5% rise in first-quarter iron ore shipments on Thursday, as demand in China for the steelmaking ingredient remained robust.. . .  Full story

IKEA's malls arm says expansion plans intact as customers return post-lockdown

01h01 IKEA's shopping malls business, one of the world's biggest, said its expansion plans remained on track with visitors quickly returning to its premises after the lifting of coronavirus-related lockdowns which had forced stores to close.. . .  Full story

ECB to pave way for more stimulus as recession fears grow

01h01 The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it will likely pave the way for action in December as fresh restrictions aimed at containing the. . .  Full story

-Pandemic's latest spread triggers surge in VIX 'fear gauge' for U.S. stocks

00h48 Wall Street's "fear gauge" is on track for its biggest weekly jump since March as investors worried about rising U.S. and European coronavirus cases, the lack of fiscal stimulus and uncertainty about the U.S. presidential. . .  Full story

U.S. corporate spending plans could stumble as risks rise

00h48 An expected rebound in capital expenditures for U.S. companies could be more at risk, as concerns over the economic recovery and a possible contested U.S. election mount.. . .  Full story

-Miner Agnico beats quarterly profit on gold price surge, raises capex

00h37 Canada's Agnico Eagle Mines reported a better-than-expected quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume, and raised its capex forecast for the year as it spends on several sites. . .  Full story

Pinterest projects 60% sales growth in Q4 as ad sales rebound

00h18 Image-sharing company Pinterest Inc projected a 60% sales growth for the current quarter, off the back of a healthy rebound in ad spending by businesses after the early months of COVID-19 pandemic wreaked havoc. . .  Full story

Ford sees full-year pretax profit, posts stronger than expected quarterly earnings

00h15 Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, boosting shares in after-hours trading.. . .  Full story

U.S. rejection throws WTO leadership race into confusion

00h13 The World Trade Organization's bid to select a new leader was plunged into uncertainty on Wednesday after the United States rejected the Nigerian woman proposed as the global trade watchdog's next director-general.. . .  Full story

Crop prices slide as pandemic concerns rattle global markets

28/10 U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said.. . .  Full story

Atlantia delays spin-off plans to extend talks with CDP-led consortium

28/10 Italy's Atlantia said it had delayed a shareholder vote on the spin-off of its domestic motorway business to extend talks to sell it to a consortium led by state lender Cassa Depositi e Prestiti. . .  Full story

ANZ annual profit nearly halves, slashes dividend

28/10 Australia and New Zealand Banking Group Ltd reported a 42% drop in full-year cash profit on Thursday and said it would pay a lower final dividend, as loan losses increased due to economic challenges. . .  Full story

Vote and virus: volatile markets bring reminder of March turmoil

28/10 Equity and currency volatility shot higher on Wednesday and the cost of sourcing dollars rose, reflecting fears that the U.S. election and resurgent COVID-19 pandemic could tip markets back into the sort of chaos. . .  Full story

Miner Agnico's quarterly profit boosted by gold price surge

28/10 Canada's Agnico Eagle Mines reported a near three-fold rise in quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume following a ramp-up in operations.. . .  Full story

USTR says it supports S. Korea's trade minister to lead WTO

28/10 The Trump administration officially threw its support behind South Korea's trade minister to be the next World Trade Organization Director General, saying that Yoo Myung-hee is a successful trade negotiator with the skills needed to. . .  Full story

Lockdown anxiety drags stocks sharply lower; dollar rises

28/10 Stocks sank across the globe on Wednesday on concerns that rising COVID-19 cases in Europe, the United States and elsewhere would disrupt fragile economic recoveries, while the U.S. dollar rose on safe-haven demand.. . .  Full story

S&P financials index may be bruised but not without bright spots

28/10 Financial stocks have lagged the broader equity market since the start of the year and since the late March crisis-low. But not all stocks are created equal in the S&P index that tracks the. . .  Full story

Coal miner Cerrejon and union give differing views on progress in negotiations

28/10 Colombian coal mine Cerrejon and its largest union have made advances on 90% of issues at stake in contract negotiations, the company said on Wednesday, as a strike closes in on its sixtieth day.. . .  Full story

BOJ set to keep massive stimulus, ready to act if pandemic causes more economic damage

28/10 The Bank of Japan is set to maintain its massive stimulus programme on Thursday and vow to take further action if the economic fallout from the coronavirus shock threatens a return to deflation.. . .  Full story

Insurance startup Root closes flat in Nasdaq debut

28/10 Shares of Root Inc closed flat in their Nasdaq debut on Wednesday, marking a muted open for the automobile insurance startup after it raised around $724 million in its initial public offering (IPO).. . .  Full story

France and Germany thrust into lockdown as second COVID-19 wave sweeps Europe

28/10 French President Emmanuel Macron and German Chancellor Angela Merkel ordered their countries back into lockdown on Wednesday, as a massive second wave of coronavirus infections threatened to overwhelm Europe before the winter.. . .  Full story

Brazil inflation 'totally under control,' says economy ministry's Sachsida

28/10 Inflation in Brazil is not a problem and the recent spike caused by rising food and fuel prices is transitory, Adolfo Sachsida, economic policy secretary at the economy ministry said on Wednesday.. . .  Full story

Visa profit falls 23% as payment volumes plunge

28/10 Visa Inc missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending.. . .  Full story

Ford posts stronger-than-expected quarterly profit, expects full-year pretax profit

28/10 Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, sending shares up nearly 6% in after-hours. . .  Full story

Boeing deepens job cuts as twin crises extend losses

28/10 Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.. . .  Full story

Wall Street sinks 3%, Dow at late July lows as pandemic surges

28/10 U.S. stocks tumbled on Wednesday, with the Dow closing at lows last seen in late July, as coronavirus cases soared globally and investors worried about the possibility of a contested U.S. presidential election next week.. . .  Full story

C$ slides by most in 7 weeks as pandemic spooks markets

28/10 The Canadian dollar weakened to a three-week low against its U.S. counterpart on Wednesday, as investors worried that rising coronavirus cases would slow global economic recovery and the Bank of Canada underscored the more uncertain. . .  Full story

Pandemic's latest spread triggers surge in VIX 'fear gauge' for U.S. stocks

28/10 Wall Street's "fear gauge" is on track for its biggest weekly jump since March as investors worried about rising U.S. and European coronavirus cases, the lack of fiscal stimulus and uncertainty about the U.S. presidential. . .  Full story

Pinterest beats quarterly sales estimates, shares jump 15%

28/10 Image-sharing company Pinterest Inc beat Wall Street estimates for third-quarter revenue on Wednesday, helped by a rebound in spending on advertisement by businesses after a deep slump in the early months of the COVID-19 pandemic.. . .  Full story

SoftBank attempted to delay WeWork's $3 bln share purchase - court filing

28/10 SoftBank Group CEO Masayoshi Son told the executive he tasked to turn around WeWork after its botched initial public offering to "use whatever excuse" to delay a $3 billion payout to the office-sharing startup's shareholders,. . .  Full story

Mexico's Pemex swings to profit on currency gains, lower taxes

28/10 Mexican national oil company Petroleos Mexicanos (Pemex) on Wednesday reported a third-quarter net profit of 1.4 billion pesos ($64 million), helped by currency gains and a lower tax bill.. . .  Full story

Huawei lawyer alleges delay in CFO arrest was intentional in U.S. extradition case

28/10 A lawyer for Huawei Chief Financial Officer Meng Wanzhou on Wednesday questioned the Canadian constable involved in her 2018 arrest, asking if the process was delayed in an initial bid to suppress her legal. . .  Full story

Yields flat in spite of major stock sell-off

28/10 U.S. Treasury yields were roughly unchanged across maturities on Wednesday afternoon, as expectations of heavy issuance of new supply offset safe-haven demand amid a dramatic stock sell-off that brought major U.S. stock indexes to one-month. . .  Full story

Brazil's real hits 5-month low ahead of rate move; Latam FX falls

28/10 Brazil's real touched a five-month low on Wednesday on expectations the central bank will leave its policy rate unchanged, while other Latin American currencies fell on uncertainty about the outcome of U.S. elections.. . .  Full story

Oil plunges over 5% to 4-month low as pandemic surges, U.S. crude output soars

28/10 Oil prices fell more than 5% on Wednesday, sending Brent to a four-month low as surging coronavirus infections in the United States and Europe prompted renewed lockdowns and fed expectations for new declines in. . .  Full story

Germany to go into circuit-break lockdown as coronavirus surges

28/10 Germany will impose an emergency month-long lockdown that includes the closure of restaurants, gyms and theatres to reverse a spike in coronavirus cases that risks overwhelming hospitals, Chancellor Angela Merkel said on Wednesday.. . .  Full story

EU arms itself against U.S. and others in trade disputes

28/10 The European Union will arm itself with potential punitive tariffs against the United States and other rivals if they take advantage of World Trade Organization paralysis and refuse to settle trade disputes.. . .  Full story

U.S. dollar gains on surge in COVID-19 cases, lockdowns in Europe

28/10 The safe-haven dollar rose on Wednesday, pushing the euro to one-week lows, on news of lockdowns in Germany and France as coronavirus cases surged, with implied volatility gauges in the European currency and. . .  Full story

U.S. pitches cheaper solar tech to India amid high dependence on China

28/10 The United States wants India to explore manufacturing a cheaper alternative to silicon solar cells, U.S. Energy Secretary Dan Brouillette said on Wednesday, amid high dependence on Chinese technology.. . .  Full story

Deutsche Boerse quarterly net profit down 9%, misses forecasts

28/10 German exchange operator Deutsche Boerse on Wednesday posted a 9% fall in third-quarter net profit, a greater decline than expected, but left its guidance for the year unchanged.. . .  Full story

Portugal's parliament approves draft budget in first reading

28/10 Portugal's parliament approved by a wafer-thin margin the minority Socialist government's draft 2021 budget on its first reading on Wednesday, paving the way for a steep increase in public investment to reboot the coronavirus-battered economy.. . .  Full story

-U.S. Gulf Coast energy complex braces for another storm strike

28/10 Energy firms shut two-thirds of offshore U.S. Gulf of Mexico oil production, turned off undersea pipelines and evacuated workers as Hurricane Zeta raced toward a strike on the U.S. Gulf Coast.. . .  Full story

Peugeot maker PSA's car revenue returns to growth after lockdowns

28/10 Peugeot manufacturer PSA Group returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares on Wednesday.. . .  Full story

Bezos-backed British startup run by ex-Uber executive is sued for fraud, theft

28/10 A former Uber Technologies executive who co-founded a British startup backed by billionaire Jeff Bezos has been sued for allegedly stealing trade secrets from a California shipping and logistics company where he was once. . .  Full story

Bank of England says banks' dividend curb won't have long-term impact

28/10 The Bank of England's request in March for banks to restrain dividend payments will not change the amount of payouts over the longer term, its executive director for financial stability said on Wednesday.. . .  Full story

Economic cost of new EU tech rules could top $100.5 bln, study says

28/10 The European Union's plan to rein in U.S. tech giants with new rules could cost the 27-country bloc as much as 85 billion euros ($100.5 billion) in economic growth, Brussels-based think tank ECIPE warned.. . .  Full story

France's TF1 gets post-lockdown Q3 advertising revenue boost

28/10 French television group TF1 on Wednesday reported a 7.5% rise in third-quarter advertising revenues, with advertising spend recovering across most sectors as lockdown restrictions were lifted over the summer.. . .  Full story

Ukraine PM sees progress in fulfilling obligations to IMF

28/10 Ukraine has managed to make significant progress in fulfilling its obligations in line with an agreement with the International Monetary Fund, Ukrainian Prime Minister Denys Shmygal said on Wednesday.. . .  Full story

GRAPHIC-Best of times, or the worst? A voter's guide to U.S. GDP

28/10 When accountants at the federal Bureau of Economic Analysis release the latest U.S. gross domestic product report on Thursday, it may be the most fought-over piece of economic data since the measure of broad. . .  Full story

Eni says balance sheet remains strong after third-quarter loss

28/10 Eni's balance sheet remains strong with plenty of headroom to defend shareholder returns should the coronavirus crisis persist, the Italian energy group said on Wednesday after swinging to a third-quarter net loss.. . .  Full story

Gold slides on dollar rally as U.S. stimulus remains elusive

28/10 Gold fell as much as 2% and silver nearly 6% on Wednesday as investors flocked to the dollar in the absence of signs of any imminent U.S. fiscal stimulus measures to ease the economic. . .  Full story

FTSE 100 dives to 6-month low on lockdown fears, Brexit uncertainty

28/10 London stocks slumped on Wednesday, with the FTSE 100 tumbling to its lowest level in six months as investors dumped riskier assets on fears of more lockdowns and uncertainty over a British trade deal. . .  Full story

Hess posts bigger-than-expected loss, cuts annual production forecast

28/10 Hess Corp reported a bigger-than-expected quarterly loss on Wednesday and cut its full-year production forecast as hurricanes disrupted the oil and gas producer's operations in the Gulf of Mexico.. . .  Full story

U.S. oil production will not return soon to pre-pandemic levels, energy secretary says

28/10 U.S. Energy Secretary Dan Brouillette said on Wednesday he does not expect U.S. oil production to return soon to pre-pandemic levels as demand remains weak.. . .  Full story

Blackstone third-quarter earnings up on strong asset sales

28/10 Blackstone Group LP said on Wednesday its third-quarter distributable earnings rose 9% year-on-year, as the world's largest manager of alternative assets such as private equity and real estate took advantage of a rise in corporate. . .  Full story

Mexico's Cemex posts $1.5 bln quarterly loss on impairments

28/10 Mexican cement producer Cemex on Wednesday reported a third-quarter net loss of $1.54 billion, hurt by impairments and despite a rise in sales after pandemic-linked lockdowns hit the second quarter.. . .  Full story

Azerbaijan, Armenia trade accusations of civilian deaths in Nagorno-Karabakh

28/10 Azerbaijan and Armenia accused each other of killing civilians by shelling cities in and around Nagorno-Karabakh on Wednesday, in an escalation of a month-long conflict over the mountain enclave that has defied three ceasefires.. . .  Full story

Copper plunges as investors brace for coronavirus lockdowns

28/10 Prices of copper and other industrial metals fell on Wednesday as surging coronavirus infections raised fears that new lockdowns will stifle economic recovery.. . .  Full story

Europe a sea of red: German shares plunge up to 5% on emergency lockdown

28/10 German shares suffered their weakest day since early June on Wednesday as the government agreed on an emergency lockdown to combat surging COVID-19 cases, with other European markets following suit on fears of more. . .  Full story

Ukraine court says some anti-corruption laws are unconstitutional

28/10 Ukraine's constitutional court has ruled that some anti-corruption legislation is unconstitutional and said it sees the punishment for putting false information on officials' asset declaration forms as excessive.. . .  Full story

Spain targets 2021 net borrowing at 110 bln euros, plans green bond

28/10 Spain's Treasury plans to raise a net 100 billion euros ($118 billion) via government bonds and around 10 billion euros in short-term bills next year, when it also expects to launch its first green. . .  Full story

Swiss take 'middle path' in curbs to slow COVID without crippling economy

28/10 Switzerland on Wednesday ordered dance clubs closed and added new mask requirements while leaving the nation largely open for business as it tries to contain surging COVID-19 cases without resorting to a stricter, economy-crippling lockdown.. . .  Full story

Spain's Sabadell plans to cut up to 2,000 jobs in Spain in 2021, source says

28/10 Spain's Banco Sabadell plans to cut up to 2,000 jobs, or around 12% of its workforce in Spain, in 2021, through voluntary redundancies and early retirement, a source familiar with the matter said on. . .  Full story

ECB has no objection to Elderson's appointment to board

28/10 The European Central Bank has no objection to the appointment of Dutch bank supervisor Frank Elderson to its executive board to replace Yves Mersch, whose term expires on Dec. 14, it said in a. . .  Full story

Investors bet on U.S. credit deterioration as stocks sell off

28/10 Investors pulled out of U.S. corporate bonds on Wednesday as the three major stock indexes sold off on reports of higher COVID-19 cases worldwide and on nerves about next week's U.S. presidential election.. . .  Full story

U.S. crude stockpiles jump as output soars, demand weak

28/10 U.S. crude oil stockpiles rose last week as production surged, posting its largest one-week increase ever, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.. . .  Full story

Sri Lanka's bonds hammered as U.S. dubs China "predator"

28/10 Sri Lanka's government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country's government over its ties with China.. . .  Full story

Sterling recovers some ground on stronger dollar, still set for daily loss

28/10 Sterling fell as much as 1% against a stronger dollar on Wednesday as a wave of risk aversion swept markets, prompted by a resurgence of COVID-19 cases in Europe and uncertainty ahead about the. . .  Full story

U.S. strikes deal with Lilly for potential COVID-19 antibody drug

28/10 The U.S. government has agreed to pay $375 million to Eli Lilly and Co for 300,000 doses of its experimental COVID-19 antibody treatment, a drug similar to a treatment that U.S. President Donald Trump. . .  Full story

Pension fund of S.Africa's Eskom to invest $170 mln in U.S. projects

28/10 The pension fund of South Africa's indebted power utility Eskom plans to invest $170 million in private equity, infrastructure and real estate projects in the United States, the U.S. embassy in South Africa said on. . .  Full story

U.S. tells WTO it cannot endorse Nigerian leadership candidate

28/10 A key group of WTO ambassadors has proposed Nigeria's Ngozi Okonjo-Iweala to be the next head of the World Trade Organization, a WTO spokesman said on Wednesday, but the United States said it could. . .  Full story

Lost in translation: Amazon website launch trips over faulty Swedish

28/10 Inc's long-awaited launch of its Swedish website on Wednesday was marred by glitches and translation errors, including mistaking the Argentinian flag for Sweden's.. . .  Full story

Exchange operator CME's profit slumps on low rates; election in focus

28/10 CME Group, the world's biggest futures exchange operator, said on Wednesday third-quarter profit plunged 35% as the ultra-low rate environment, aimed at easing the economic blow of the COVID-19 pandemic, cut demand for some of. . .  Full story

Mastercard warns of ongoing virus-led travel slowdown as profit slumps

28/10 Mastercard Inc said on Wednesday it does not expect a pickup in overall travel spending anytime soon, warning that a recovery in cross-border volumes would be tied to the timing and the availability of. . .  Full story

Spain's Unicaja expects progress in Liberbank merger talks in coming weeks

28/10 The chairman of Spanish lender Unicaja, Manuel Azuaga, on Wednesday said he was expecting progress in merger negotiations with rival Liberbank in the coming weeks.. . .  Full story

Saudi Arabia's deficit down in Q3 as taxes boost revenue

28/10 Saudi Arabia posted a budget deficit of 40.768 billion riyals ($10.87 billion) in the third quarter this year, more than half its deficit in the previous quarter, as a spike in non-oil revenues offset. . .  Full story

General Dynamics Q3 sales fall amid aerospace headwinds, but margins rise

28/10 Defense contractor General Dynamics Corp reported an 8.7% fall in third-quarter earnings on Wednesday, sending its shares lower as the coronavirus crisis continues to impact aerospace sales.. . .  Full story

Appetite for pasta and rice boosts Spain's Ebro net profit

28/10 Spain's Ebro Foods profit jumped almost 28% in the first nine months of 2020 on surging demand for its pasta and rice as coronavirus restrictions prompted people to eat more at home.. . .  Full story

World Bank sanctions Chinese engineering firms in Zambian power project

28/10 The World Bank said on Wednesday it has sanctioned a state Chinese state electric engineering group and its subsidiary over fraudulent practices in a power project in Zambia, setting out new. . .  Full story

Fintech startup SoFi gets preliminary approval for U.S. bank charter

28/10 Financial technology company Social Finance Inc has received preliminary, conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) over its application for a national bank charter, the company said on Wednesday.. . .  Full story

Europe must expand chargers to catch up with electric car sales - industry

28/10 Europe's rollout of vehicle charging points is not keeping up with the strong growth in electric car sales, an industry group said on Wednesday, warning that a lack of infrastructure could hamper future sales. . .  Full story

Germany pushes up 2021 debt plans to finance new coronavirus aid - source

28/10 German Finance Minister Olaf Scholz is planning to take on "much more debt" than initially planned next year to finance new coronavirus aid measures and help companies survive the second wave of the pandemic,. . .  Full story

Zambia wins deferral on China Development Bank loan repayments

28/10 Zambia has reached a deal to defer debt repayments that were due this month on a loan from the China Development Bank (CDB), Zambia's government said, without giving the size of. . .  Full story

GE's shares soar as earnings recover from pandemic lows

28/10 General Electric Co on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10%. . .  Full story

Shareholders in Russia's Vostochny Bank settle corporate dispute linked to Calvey case

28/10 Rival shareholders in Russia's Vostochny Bank said on Wednesday they had agreed to settle a corporate dispute that U.S. investor Michael Calvey has said was the root cause of his arrest.. . .  Full story

Mediobanca investors back new three-year term for CEO - source

28/10 Mediobanca's current chief executive Alberto Nagel is set to be confirmed in his role for three more years after a majority of the Italian bank's shareholders on Wednesday backed candidates for the board which included. . .  Full story

Bulgaria's govt approves 2021 budget with fiscal gap of 3.9% of GDP

28/10 Bulgaria's government approved on Wednesday the 2021 draft budget with a deficit of 3.9% of economic output, offering more support for those hit by the COVID-19 crisis and boosting public sector wages and pensions. . .  Full story

Sovereign funds seek to raise debt and equity as pandemic strains state budgets

28/10 Sovereign wealth funds are seeking to raise funding via debt and equity markets as the coronavirus crisis and low commodity prices stretch state finances.. . .  Full story

Uzbekistan unveils details of huge privatisation programme

28/10 Uzbekistan will fully or partly privatise over 620 state-owned companies and properties to accelerate the Central Asian nation's transition to a market economy, a presidential decree announced on Wednesday.. . .  Full story

Record U.S. third-quarter growth assured as goods trade deficit falls, inventories rise

28/10 The United States' trade deficit in goods narrowed sharply in September and inventories at retailers surged, sealing expectations for record economic growth in the third quarter after the worst performance in at least 73 years.. . .  Full story

TSX falls as U.S. crude stockpile, virus cases hit energy shares

28/10 Canada's main stock index fell on Wednesday, weighed by energy stocks as a surge in U.S. crude stockpile and rising coronavirus cases in the United States and Europe raised fears of a supply glut. . .  Full story

Bunge raises 2020 outlook as quarterly profit nearly doubles, shares jump

28/10 Agricultural commodities trader Bunge Ltd raised its 2020 outlook after reporting a 91% jump in adjusted third-quarter profit on Wednesday as strong soy processing margins and robust demand for soy products boosted its core agribusiness. . .  Full story

Etihad Airways sells $600 mln in 'transition' sukuk

28/10 Etihad Airways, wholly owned by the Abu Dhabi government, on Wednesday sold $600 million in five-year "transition" sukuk, or Islamic bonds, which help fund the shift to a greener future, a document showed.. . .  Full story

Petrobras board approves dividend policy revision

28/10 Brazil's state-run oil firm Petroleo Brasileiro SA said on Wednesday its board of directors has approved a change in shareholders compensation policy to allow management to propose dividends compatible with the company's cash generation even. . .  Full story

Pandemic response set to push Swiss budget into $22 bln deficit

28/10 Switzerland's government expects to run a budget deficit of 20 billion Swiss francs ($22.05 billion) in 2020, it said on Wednesday, as 18.1 billion francs in extraordinary spending to tackle the COVID-19 crisis plunges finances. . .  Full story

Trump or Biden's big economic challenge: millions of struggling Americans

28/10 The winner of the race for the White House will face a generation of low-to-middle income Americans struggling to get back to work because of a health crisis not seen in more than 100. . .  Full story

Public transport seen as major culprit for Italy coronavirus surge

28/10 Public transport in Italy is increasingly seen by experts and policymakers as one of the places where the risk of contracting COVID-19 is highest, as the government grapples with a surge in cases.. . .  Full story

Germany to compensate firms hit by new lockdown measures - sources

28/10 German Finance Minister Olaf Scholz plans a coronavirus aid package worth up to 10 billion euros ($11.82 billion) to compensate firms hit by a new round of lockdown measures, three people familiar with the. . .  Full story

Iberdrola calls for EU funds to expand green hydrogen work in Spain

28/10 Spanish energy giant Iberdrola called on Wednesday for European funds to support boosting by a factor of 40 the scope of a clean hydrogen project it said could help revive a stricken economy and. . .  Full story