News Wire

S&P cuts Zambia credit rating to "selective default"

09h35 Ratings agency S&P has slashed Zambia's credit rating to "selective default" after the government missed an interest payment last week and announced it would suspend debt service to external commercial creditors.  Full story

Poland to seek EU approval for state aid to build nuclear plant

11h29 Poland will ask the European Commission to approve state aid for the construction of a nuclear power station, the minister responsible for energy infrastructure said on Thursday.. . .  Full story

Unilever's sales rebound masks murky outlook

11h24 Unilever held back from celebrating a much stronger-than-expected return to sales growth in the third quarter on Thursday, as the CEO said the outlook remained "highly unpredictable".. . .  Full story

Japan's SBI Holdings, Towa Bank to form capital tie-up -Nikkei

11h24 Japanese financial firm SBI Holdings Inc and regional lender Towa Bank Ltd will conduct a capital tie-up and take small stakes in one another, the Nikkei newspaper reported on Thursday.. . .  Full story

Bankinter's Q3 net profit falls 18%, bad debt provisions rise

11h14 Bankinter said on Thursday its third-quarter net profit fell 18% from the same period a year ago as the bank set aside more provisions to cope with worsening economic conditions in Spain as a. . .  Full story

Hong Kong fines Goldman unit $350 million over 1MDB

11h12 Hong Kong's markets watchdog has fined Goldman Sachs (Asia) L.L.C. $350 million for its role in Malaysia's 1MDB scandal.. . .  Full story

Sentiment sapped by COVID surge, stimulus stalemate

11h11 World shares slid to a two-week low on Thursday, and oil steadied after another heavy fall, as a surge in global COVID-19 cases and fractious U.S. stimulus talks kept financial markets cautious.. . .  Full story

South Africa's cabinet approves export tax on chrome ore

11h09 South Africa, the world's biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a cabinet statement on Thursday.. . .  Full story

Prosecutors searched Germany's Continental in diesel emissions probe

11h06 German auto supplier Continental on Thursday said its premises in the German cities of Hanover and Regensburg were searched by prosecutors on Sept. 22 as part of an ongoing probe into emissions cheating devices.. . .  Full story

BoE's Haldane says UK spending "remarkably resilient"

11h05 British household spending has been "remarkably resilient" through the coronavirus pandemic, Bank of England Chief Economist Andy Haldane said on Thursday.. . .  Full story

Russia finds traces of African swine fever in pork products in some regions

10h59 Russia's agriculture safety watchdog said on Thursday it had found traces of African swine fever in pork products in several regions, urging them to step up controls and make sure producers don't use ill. . .  Full story

FTSE 100 slips to 5-month low as British Airways, virus concerns weigh

10h56 London's FTSE 100 hit a five-month low on Thursday as glum quarterly reports from firms, including British Airways-owner IAG, weighed on sentiment ahead of a parliament address by finance minister Rishi Sunak on the. . .  Full story

Hong Kong stocks inch higher as financials lend support

10h55 Hong Kong stocks ended marginally higher on Thursday, aided by gains in heavyweight financial firms.. . .  Full story

-Relx points to hefty annual losses for exhibitions business

10h54 European information business Relx Plc said on Thursday annual revenue could fall as much as 210 million pounds ($276.09 million) short of costs in its exhibitions business, as it suffered from coronavirus-driven halts in. . .  Full story

Siberian gold deposit is world's biggest by reserves - new estimate

10h54 Russia's largest gold producer Polyus said on Thursday its giant Sukhoi Log gold deposit in Siberia is the world's biggest by reserves.. . .  Full story

European stocks fall as German consumer morale weakens, virus cases spike

10h51 European stocks hit their lowest level in almost a month on Thursday, as a fall in German consumer morale, worries about soaring coronavirus cases in the continent and a U.S. stimulus impasse weighed on. . .  Full story

Pernod Ricard says sales likely to suffer during second wave

10h48 French spirits maker Pernod Ricard doesn't expect sales to rise until next year as second-wave COVID-19 lockdowns are likely to hit its business heavily in the last three months of 2020, the company said. . .  Full story

British Airways warns of deepening travel slump as losses mount

10h43 British Airways owner IAG warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Thursday a quarterly loss of. . .  Full story

BOJ voices confidence over Japan's banking system, warns of risks

10h42 Japan's banking system remains stable as a whole and has sufficient buffers against risks, the central bank said in a semi-annual report, voicing confidence that domestic financial institutions can withstand the hit from the coronavirus. . .  Full story

Solar projects already meet BP's profit goals, Lightsource BP says

10h40 Solar power developer Lightsource BP has generated returns of 10% and more on projects, its chief executive told Reuters as investors fret over joint owner BP's plan to switch away from oil and gas. . .  Full story

Thai household debt levels to rise even further - c.bank gov

10h37 Thailand's household debt levels, already at the highest in 17 years, are expected to rise further, the central bank governor said on Thursday, as the coronavirus pandemic hammers its trade-and tourism-reliant economy.. . .  Full story

Czech crown leads currencies lower as virus cases spike, shops close

10h34 Central European currencies extended losses on Thursday, with the Czech crown easing the most, by 0.4% versus the euro, after the government ordered most shops to close and tightened restrictions to curb the spread. . .  Full story

Indonesian govt finalises new rules for renewable electricity

10h33 Indonesia's government is finalising a draft regulation aimed at simplifying pricing for electricity from renewable sources and to encourage more investment in the sector, an energy ministry official said on Thursday.. . .  Full story

Oil struggles to recover after U.S. gasoline stocks build

10h29 Oil prices ticked up on Thursday but struggled to fully recover from the previous session's losses when a build in U.S. gasoline inventories signalled a deteriorating outlook for fuel demand as coronavirus cases soar.. . .  Full story

India, US set for military pact on satellite data during Pompeo visit

10h29 India is closing in on an agreement with the United States that will give it access to satellite data for better accuracy of missiles and drones, government and industry officials said, as it tries. . .  Full story

Turkish lira flat before central bank meeting; zloty sinks

10h27 Turkey's lira was barely moving on Thursday ahead of an expected interest rate increase by the central bank, while the Polish zloty dropped in the face of strict restrictions to contain the coronavirus.. . .  Full story

Japan ruling party member says there will 'surely' be a third extra budget

10h27 Japan's government will "surely" compile a third extra budget to help an economy devastated by the coronavirus, a senior ruling party lawmaker said on Thursday.. . .  Full story

Sterling holds near new highs as Brexit talks restart

10h23 The pound slipped slightly on Thursday, but held close to six-week highs it touched on the previous day after news that stalled Brexit negotiations were due to resume.. . .  Full story

Malaysia says allegations of forced labour in palm plantations is "old issue"

10h16 Malaysia said on Thursday it viewed U.S. allegations of forced labour in palm oil plantations as an "old issue" but it was willing to take appropriate action if needed.. . .  Full story

Unibail shares fall as rebel investors build up stake

10h15 Shares in Unibail-Rodamco-Westfield (URW) fell sharply in early trading on Thursday, after a group of investors that opposes the shopping centre operator's planned capital hike said the group had increased its stake in the firm. . .  Full story

Singapore's Grab says revenue nearly back to pre-pandemic levels

10h15 Singapore's Grab, which has evolved from a ride-hailing app operator to offer services such as food delivery and insurance, said on Thursday its third-quarter group revenue had risen to more than 95% of pre-COVID-19 levels.. . .  Full story

Gold retreats as dollar gains on U.S. stimulus doubts

10h11 Gold fell on Thursday as the dollar recovered some lost ground after doubts emerged on whether U.S. lawmakers could reach agreement on a new coronavirus aid package before the November presidential election.. . .  Full story

-Grab's Q3 revenue recovers to more than 95% of pre-pandemic levels

10h09 Singapore's Grab, which has evolved from a ride-hailing app operator to offer services such as food delivery and insurance, said on Thursday its third-quarter group revenue had risen to more than 95% of pre-COVID-19 levels.. . .  Full story

Dollar steadies above 7-week lows as markets await clarity on US stimulus

10h07 The dollar was steady above seven-week lows on Thursday, gaining some respite as hopes of a fiscal package in the United States ahead of the November elections crumbled once again.. . .  Full story

Deutsche Bank in talks to sell IT unit as it trims staff - sources

09h54 Germany's Deutsche Bank is in talks to sell IT services division Postbank Systems, people with knowledge of the matter said on Thursday.. . .  Full story

Italian yields hit 2-week highs with 30-year BTP sale in focus

09h49 Italian yields rose to a two-week high while core European government bond yields were stable on Thursday as hopes of a U.S. fiscal stimulus package persisted.. . .  Full story

ADNOC pipeline investor Galaxy mandates banks for planned bond sales - document

09h49 Galaxy Pipeline Assets, which is owned by a consortium of investors that took a stake in ADNOC's gas pipeline assets, has mandated banks for sale of triple-tranche dollar bonds, a document showed.. . .  Full story

Norway's Safe union breaks off oil service wage talks

09h43 Wage negotiations between Norwegian oil service companies and the Safe labour union broke down on Thursday and will become subject to mandatory mediation later this year, union and industry officials said.. . .  Full story

China stocks end lower as healthcare, industrials firms weigh

09h40 Chinese shares closed lower on Thursday, with healthcare and industrials stocks leading the declines, as investors looked past policymakers' vow to balance the need for stable economic growth and preventing financial risks.. . .  Full story

Handbag maker Hermes echoes luxury sales rebound amid online surge

09h36 Hermes' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues.. . .  Full story

Thai stocks kip up after govt lifts emergency measures

09h34 Thai shares bounced from earlier losses on Thursday after the government lifted emergency measures aimed at ending months-long protests against Prime Minister Prayuth Chan-ocha and the monarchy. Uncertainty over whether. . .  Full story

Germans start "hamstering" toilet paper again as COVID-19 cases surge

09h17 Sales of toilet paper and disinfectants are on the rise again in Germany, the country's statistics office said on Thursday, as Europe's largest economy struggles with a second coronavirus wave.. . .  Full story

Copper slips from $7,000 as U.S. stimulus talks drag

09h16 London copper eased on Thursday, snapping three sessions of gains that pushed prices past $7,000 a tonne for the first time since June 2018, as traders fretted over the slow pace of talks to. . .  Full story

Japan's ANA to add budget carrier to loyalty programme as leisure demand outperforms-sources

09h16 ANA Holdings Inc will allow customers to redeem frequent flyer miles on its budget carrier Peach as it weighs boosting the proportion of domestic flights flown by the low-cost airline, three sources familiar with the. . .  Full story

Schneider Electric ups 2020 revenue forecast as Q3 returns to growth

09h13 French electrical equipment group Schneider Electric SE raised its 2020 revenue and margin forecasts on Thursday, citing a better-than-expected third quarter helped by pent-up demand and distributors restocking.. . .  Full story

Britain's Travis Perkins sees trading improve as markets recover

09h11 Travis Perkins, Britain's biggest seller of building materials, upgraded its full-year earnings guidance and reported improved trading in its latest quarter as its markets recovered following the impact of the national coronavirus lockdown.. . .  Full story

Sika raises guidance as construction and automotive markets recover

09h09 Sika is seeing a "modest" upswing in construction markets, the Swiss chemicals maker said on Thursday while raising its full-year guidance.. . .  Full story

CANAL+ Polska plans IPO on Warsaw stock exchange

09h09 Polish pay-TV platform CANAL+ Polska plans to conduct an initial public offering in Warsaw and debut on the Polish stock exchange, it said in a statement on Thursday.. . .  Full story

Anglo maintains output targets despite drop in Q3 output

09h08 Anglo American Plc on Thursday maintained most of its production targets, as it posted a year-on-year fall in third-quarter output reflecting maintenance at its Minas-Rio iron ore mine in Brazil and. . .  Full story

Tissue maker Essity hit by stay-at-home trend, invests in digital

09h04 Swedish hygiene products group Essity's sales suffered again in the third quarter from the stay-at-home trend sparked by the COVID-19 pandemic, as well as the adverse effects of bulk-buying early in the outbreak, though lower. . .  Full story

UK's Sunak to unveil more job support as COVID cases mount

09h03 British finance minister Rishi Sunak looks set to unveil more support for businesses and workers hit by rising COVID cases later on Thursday, when he updates parliament on the outlook for the economy.. . .  Full story

Foreigners turn net sellers of Japanese equities for week ending Oct. 16

09h02 Foreign investors turned net sellers of Japanese equities last week, as the slow pace of U.S. stimulus talks and a surge in European COVID-19 cases dimmed global economic outlook.. . .  Full story

Sasol says seven units at Lake Charles operating after hurricane

09h02 South African petrochemical firm Sasol said on Thursday that seven of its chemical manufacturing units at its U.S. Lake Charles Chemical facility have returned to operation after being shut due to. . .  Full story

India's Dr Reddy's isolates data center services after cyberattack

08h58 Indian drugmaker Dr Reddy's Laboratories Ltd said on Thursday it had isolated all its data center services as a preventive measure following a cyberattack.. . .  Full story

S. Korea finance minister loses home as housing policy comes back to haunt

08h42 South Korea's finance minister, the architect of rules aimed at protecting tenants and slowing deposit increases, has himself been forced to look for a new home as landlords react to the rules by quickly. . .  Full story

After Sydney listing, Australia's Deterra eyes new mining royalty deals

08h33 Set to become Australia's biggest mining royalty company, Deterra Royalties Ltd lists shares in Sydney on Friday with plans to scout for new deals to diversify its portfolio beyond iron ore, its chief executive said. . .  Full story

Neste Q3 profit beats forecasts on renewables

08h31 Finnish biofuel producer and oil refiner Neste reported a smaller-than-expected fall in its third-quarter profit on Thursday, thanks to its resilient renewables business and despite a very weak refining market.. . .  Full story

Japan stocks end lower as firmer yen, U.S. political uncertainty weigh

08h22 Japanese shares ended weaker on Thursday, as a firmer yen threatened earnings of exporters and amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election. . .  Full story

Norway's DNB eyes dividend payment as earnings top forecast

08h19 Norway's DNB could make a long-delayed dividend payment for 2019 early next year, and may also launch a share buyback, the bank said on Thursday while reporting a smaller than expected drop in third-quarter. . .  Full story

Alfa Laval sees slightly higher Q4 demand after Q3 miss

08h05 Engineering group Alfa Laval reported third-quarter core earnings slightly below market forecasts on Thursday, but said it expected demand to be somewhat higher in the fourth quarter.. . .  Full story

Australia shares close lower as U.S. stimulus appears elusive

08h02 Australian shares fell on Thursday, weighed down by energy and financials stocks, as talks on a new U.S. fiscal coronavirus aid package dragged on, raising fears of a delayed deal.. . .  Full story

Biden's prospects cast long shadow over Russian rouble

08h00 The prospect of a victory for Joe Biden in the U.S. election has weighed on the rouble for months and its fortunes now appear more closely tethered to the White House contest in two. . .  Full story

German consumer morale darkens as coronavirus cases soar

08h00 German consumer morale fell heading into November as fears about a second coronavirus wave that is hitting Europe's biggest economy made Germans less willing to open their wallets, a survey showed on Thursday.. . .  Full story

Japan households' confidence slumps to decade low-BOJ

07h52 Japanese households' confidence in the economy slumped to a decade-low in the three months to September, a central bank survey showed, underscoring the pain the coronavirus pandemic has inflicted on the world's third-largest economy.. . .  Full story

Swiss watchdog reduces confiscation from BSI in 1MDB case

07h24 FINMA has lowered to 70 million Swiss francs ($77.27 million)from 95 million the amount of cash it will confiscate from Swiss bank BSI for its involvement in the multi-billion dollar 1Malaysia Development Bhd (1MDB) corruption. . .  Full story

JGBs mostly flat as traders eye U.S. political risk

07h21 Yields on Japanese government bonds were little changed on Thursday as traders avoided making big bets due to uncertainty over U.S. economic stimulus and caution ahead of U.S. presidential election on Nov. 3.. . .  Full story

Yuan off 27-month high on talk Beijing getting uneasy over recent surge

07h13 The Chinese yuan retreated from a 27-month high on Thursday as a weaker-than-expected official fixing and the approval of fresh outbound investment quotas suggested authorities have become increasingly wary over the recent rapid gains in. . .  Full story

Glencore sees logic in keeping coal, the market may disagree: Russell

07h09 Glencore wants to keep its coal mines but run them down over time, believing that this will be a better outcome for the climate than selling them to another operator or spinning them into. . .  Full story

Despite coronavirus, Indian traders stock up in hopes of festive cheer

07h00 Indian businesses are stocking up more ahead of this year's big festival season than at any time in the last five years, expecting people whose earnings were relatively unaffected by the pandemic to spend the. . .  Full story

China stocks fall as healthcare, industrial firms weigh; Hong Kong slips

06h44 Broad-based losses pulled China stocks lower on Thursday, with healthcare and industrials firms falling the most, even as policymakers vowed to balance the need for stable economic growth and preventing financial risks.. . .  Full story

Ireland will be eurozone's biggest loser from a no-deal Brexit, says cenbank chief - FT

06h37 Irish central bank Governor Gabriel Makhlouf warned that Ireland will be the eurozone's biggest loser from a no-deal Brexit, which could cause an economic "double whammy" in addition to the fallout from rising novel coronavirus. . .  Full story

Spurred by reform, China's niche LNG buyers to pour in investments, double imports

06h23 A group of niche Chinese gas firms is set to make waves in the global market with plans to invest tens of billions of dollars and double imports in the next decade as Beijing. . .  Full story

Wheat falls 1%, but losses limited by global output worries

06h00 U.S. wheat futures fell 1% on Thursday, as traders booked profits after prices hit a near six-year high in the previous session, although losses were limited on concerns about adverse weather in key producing regions.. . .  Full story

VW-backed EV battery maker Guoxuan eyes 100 GWh capacity by 2025

05h37 Chinese electric vehicle (EV) battery maker Guoxuan High-tech Co Ltd, which is backed by German automaker Volkswagen AG, plans to have annual battery manufacturing capacity of 100 GWh by 2025, an official said on Thursday.. . .  Full story

AMP's fund management division sees $1.7 bln in outflows, shares tumble

05h26 AMP Ltd on Thursday reported net cash outflows of about A$2.4 billion ($1.7 billion) from its flagship fund management arm in the third quarter, as coronavirus-induced market turmoil and governance concerns led to higher client. . .  Full story

Sri Lanka cenbank holds rates steady, expects faster economic recovery

05h09 Sri Lanka's central bank left its key interest rates unchanged on Thursday, saying the economic recovery is expected to pick-up speed despite the latest increase in coronavirus cases.. . .  Full story

-Ant Group to launch $35 bln IPO after final nod from China regulator

05h05 China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion. . .  Full story

Indian economy set for a near double-digit contraction this FY

05h05 The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pandemic, according to economists polled. . .  Full story

Over half Europe's small firms fear for survival, survey finds

05h01 Over half the small and medium-sized companies which together provide jobs for two-thirds of European workers fear for their survival in the coming 12 months, according to a survey released by management consultancy McKinsey on. . .  Full story

Bank of Korea seen buying dollars - dealers

04h49 South Korea's central bank was suspected of buying dollars on Thursday to curb the won's gains as the currency hovered at an 18-month high, according to two local currency dealers.. . .  Full story

Chinese online tutoring start-up Yuanfudao raises $2.2 bln, values firm at $15.5 bln

04h40 Beijing-based education technology startup Yuanfudao said on Thursday that it has secured $2.2 billion from major Chinese and international investors in two recent rounds of financing that it said lifts the company's valuation to $15.5. . .  Full story

Japanese airline operator ANA says considering reducing fleet size

04h31 Japanese airline operator ANA Holdings said on Thursday it was considering revamping its business including reducing its fleet size, as it grapples with a plunge in travel demand due to the COVID-19 pandemic.. . .  Full story

Japanese shares fall on rising yen, U.S. political uncertainty

04h29 Japanese shares fell on Thursday as a rise in the yen threatened earnings of export-focused stocks, while uncertainty ahead of the U.S. presidential election weighed on sentiment.. . .  Full story

S.Korea shares fall on dented U.S. stimulus hopes, rising virus cases

04h17 Round-up of South Korean financial markets: ** South Korean shares fell on Thursday, tracking global peers on dented hopes of a key U.S. stimulus bill while. . .  Full story

Japan to ease entry rules for business trips of up to 3 days - report

04h14 Japan will ease entry restrictions on business travellers for stays of up to three days in a bid to revive economic activity after visits from abroad ground to a halt due to the COVID-19. . .  Full story

Wall Street banks see rare payday bonanza in India despite pandemic

03h37 Major Wall Street banks in India raked in their second-highest fee income since the global financial crisis in the first nine months of this year, benefitting from a flurry of private-sector deals despite the coronavirus. . .  Full story

China lifts yuan midpoint for sixth day to highest since July 2018

03h27 China's central bank on Thursday lifted its official yuan midpoint for the sixth trading day to the highest since July 2018, underpinned by solid gains in spot prices a day earlier.. . .  Full story

Australian, NZ dollars dodge downside risk as greenback dips

03h21 The Australian and New Zealand dollars won a reprieve from recent selling on Thursday as the U.S. currency came in for fire of its own, helping both dodge what would have been damaging breaks. . .  Full story

COLUMN-China's imports are soaking up the world's excess copper: Andy Home

03h00 The refined copper market is on course to register a supply-demand shortfall this year, according to the International Copper Study Group (ICSG).. . .  Full story

Australia shares near two-week low as energy, financial stocks weigh

02h57 Australian shares slumped to a near two-week low on Thursday, weighed by energy and financial stocks, after an impasse in U.S. stimulus talks tempered market sentiment globally.. . .  Full story

Tesla sets revenue record, makes profit thanks to pollution credit sales to rivals

02h08 Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers.. . .  Full story

In emails, Sacklers fret over wealth, opioid business

01h57 Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about possible threats to their wealth.. . .  Full story

Apollo seeks to tame investor concerns over CEO's ties to Epstein

01h51 Apollo Global Management Inc said on Wednesday it would launch an independent review of Chief Executive Leon Black's ties with late financier and convicted sex offender Jeffrey Epstein, as some of the private equity firm's. . .  Full story

HKMA sells HK$5.43 bln in NY hours as currency hits strong end of band

01h43 The Hong Kong Monetary Authority sold HK$5.425 billion ($700 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data released. . .  Full story

U.S. economy's rebound sets up test of Fed's new pledge

01h40 The stronger-than-expected U.S. economic rebound from coronavirus lows could set up an early test for the Federal Reserve's new pledge to keep interest rates near zero and its increased tolerance for inflation.. . .  Full story

Used car consignment store CarLotz nears deal to go public -sources

01h24 CarLotz Inc, a U.S. consignment store for used vehicles, is nearing a deal to go public through a merger with blank-check acquisition company Acamar Partners Acquisition Corp at a valuation of close to $830 million,. . .  Full story

Paul Singer's Elliott Management to open offices in Florida and Connecticut

01h24 Elliott Management Corp, one the world's busiest activist investors, plans to open two new offices - one in Florida and one in Connecticut - to give staff more flexibility when the threat of COVID-19. . .  Full story

Streaming service Quibi to wind down operations six months after launch

01h08 Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch.. . .  Full story

12 million people in Britain will struggle to pay bills, watchdog says

01h00 Some 12 million people in Britain are likely to struggle with bills and loan repayments as the COVID-19 pandemic continues to wreak economic havoc, a Financial Conduct Authority survey tracking consumer financial resilience showed on. . .  Full story

Outgoing UBS CEO to serve as chairman of blank-check firm Investindustrial

00h54 Sergio Ermotti, the outgoing chief executive officer of UBS Group AG, has agreed to serve as chairman of Investindustrial Acquisition Corp, the blank check company said in a U.S. filing.. . .  Full story

Kinder Morgan profit falls as pandemic hits demand for refined products

00h19 U.S. pipeline operator Kinder Morgan Inc reported a 10% drop in quarterly profit on Wednesday as a steep fall in energy demand due to the coronavirus crisis led to lower shipments of refined products. . .  Full story

Whirlpool sees strong 2020 as profit beats on pandemic boost

00h13 Whirlpool Corp on Wednesday forecast a smaller drop in sales for the year and reinstated earnings targets after posting better-than-expected quarterly profit, as robust demand for home appliances helped it navigate the coronavirus crisis.. . .  Full story

Turkey extends exploration in disputed Mediterranean waters to Oct. 27

21/10 Turkey said on Wednesday it extended the stay of its Oruc Reis survey vessel and two other ships in a disputed area of the eastern Mediterranean until Oct. 27, in a move likely to. . .  Full story

AMP's wealth arms hold firm as market conditions improve

21/10 AMP Ltd said on Thursday assets under management across its wealth management businesses rose in the third quarter as coronavirus-induced market turmoil eased, while its company-wide asset review was progressing.. . .  Full story

Fed's Bullard says U.S. can wait on fiscal aid, businesses adapting

21/10 St. Louis Federal Reserve Bank President James Bullard on Wednesday repeated his view that U.S. businesses are largely adapting to life amid COVID-19 and the U.S. economy is on track to better-than-trend growth even without. . .  Full story