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Press Releases

EMERGING MARKETS-Bond nerves leave EM stocks facing red October

LONDON, Oct 28- Emerging market stocks fell for a fourth day running on Friday and were clinging on to the slenderest of monthly gains, as fears of a global bond market sell-off left sentiment fragile and Turkey's lira at a record low. A rise in global borrowing costs has gathered pace over the past days, with firming bets on a U.S. rate rise this year backed by...

Source: Reuters

FOREX-Dollar rises to 3-month high vs yen before U.S. GDP data

*Dollar/yen near 3- month high, takes cue from U.S. yields. *Stg falls; Northern Ireland court rejects Brexit challenge. LONDON, Oct 28- The dollar advanced to a three-month high against the yen on Friday, on track for monthly gains against most major currencies as investors waited for U.S. third-quarter growth data later in the day.

Source: Reuters

SEE CEO: Innovative packaging on the horizon

Sealed Air President & CEO Jerome Peribere, discusses the company's earnings and spin-off of its Diversey Care division.


Sterling slips as N.Ireland court rejects Brexit trigger challenge

LONDON, Oct 28- Sterling hit an eight-day low against the euro on Friday, after Northern Ireland's High Court ruled that the law of the province did not restrict the British prime minister's ability to trigger an exit from the European Union. A similar case has been taken to the High Court in London, with campaigners arguing the government does not have the...

Source: Reuters

UPDATE 3-Novo Nordisk slashes long-term growth view, shares plunge

*No. 1 insulin maker halves profit growth forecast. COPENHAGEN, Oct 28- The world's largest insulin maker Novo Nordisk slashed its long-term growth forecast on Friday, signalling no let-up in its struggles to crack the key U.S. market and sending its shares into a tailspin. The shares dropped by as much as 19 percent to a 30- month low, wiping more than $15 billion off...

Source: Reuters

UPDATE 1-VW's Audi warns of currency hit to sales in challenging market

BERLIN, Oct 28- Audi cut its sales forecast for the year on Friday, blaming volatile currency markets and predicting that its revenue will stagnate compared with 2015 due to "challenging" conditions. In Britain, Audi's No. 2 European market, the weakening pound is causing problems, but volatility in other foreign exchange rates also contributed to the weaker sales...

Source: Reuters

PRECIOUS-Gold steadies as market awaits U.S. GDP data

LONDON, Oct 28- Gold steadied on Friday after a week of lackluster trading as the market awaits a possible steer on U.S. interest rates from U.S. third-quarter GDP data expected later in the day. Spot gold was little changed at $1,2666.40 an ounce at 0932 GMT while U.S. gold futures slipped 0.2 percent to $1,267.10. Good news for the U.S economy will see some downward...

Source: Reuters

Struggling sterling set for another week of losses

LONDON, Oct 28- Sterling inched up on Friday but was slightly lower than where it started the week, with Thursday's stronger-than-expected third-quarter GDP data failing to allay worries Britain's vote to leave the European Union will drag down its economy. "This is very much in line with what we've been seeing since the start of October, where the market no...

Source: Reuters

UPDATE 2-Bond trading lifts BNP Paribas to exceed profit forecasts

PARIS, Oct 28- BNP Paribas stole a march on its French rivals in the third quarter, with a bond trading boom playing to its strengths and helping it offset the impact of low interest rates on retail banking to beat profit forecasts. BNP Paribas, which said it ranked number 1 in euro bond issuance and number 9 for all international bonds, said it had seen a pick-up in...

Source: Reuters

GLOBAL MARKETS-Stocks sag as bond "bloodbath" shows no sign of letting up

LONDON, Oct 28- Stocks fell on Friday, curbed by the continued surge in global bond yields, while the dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise U.S. interest rates by the end of the year. Europe's index of leading 300 shares was down 1 percent in early trade at 1,337 points, Germany's DAX was down 1...

Source: Reuters