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UPDATE 2-Samsung Elec sees Q3 profit boost despite smartphone woes

SEOUL, Oct 7- Samsung Electronics Co Ltd on Wednesday said it would post its first quarterly profit gain in two years, beating expectations as strong sales of chips and displays probably offset weakness in its smartphone division. "There were worries that overall earnings will continue falling as mobile profits declined, but now the numbers make the case that...
Source: Reuters | By: Se Young Lee
UPDATE 1-Samsung Elec Q3 profit guidance beats estimates

SEOUL, Oct 7- Samsung Electronics Co Ltd said on Wednesday its July-September operating profit likely leapt 79.8 percent from a year earlier, beating expectations and pushing the South Korean tech giant's share price sharply higher. Samsung, in a regulatory filing, estimated its third-quarter profit at 7.3 trillion won, its first quarterly profit gain in two...
Source: Reuters
UPDATE 3-Caribbean telecom company Digicel hangs up on IPO

Oct 6- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinter Usain Bolt and the West Indies cricket team, has decided to withdraw its plans to go public for now, citing "current conditions, particularly in emerging markets." The company, owned by Irish billionaire Denis O'Brien, was expected to raise as much as $2 billion from its U.S.
Source: Reuters | By: Rachel Chitra
UPDATE 2-Adobe 2016 forecast disappoints, shares slump

*Expects adj profit of $2.70/ share vs est $3.19/ share. Oct 6- Adobe Systems Inc lowered its profit forecast for 2016 below analyst estimates partly due to a strong dollar, sending its shares down as much as 13 percent in extended trading. The Photoshop maker said it expects full-year revenue of about $5.7 billion and an adjusted profit of $2.70 per share.
Source: Reuters | By: Anya George Tharakan
UPDATE 2-Norilsk placing $1 bln in first big Russian bond in almost a year

MOSCOW/ LONDON Oct 6- Mining company Norilsk Nickel is selling the first large Russian Eurobond in almost a year, raising $1 billion on Tuesday in a deal that could suggest a revival in investors' interest towards Russian companies. It snapped in further from final yield guidance of 6.75 percent while order books from investors exceeded $4 billion, Thomson...
Source: Reuters | By: Oksana Kobzeva and Kira Zavyalova
Banks keep faith in commodity traders as Vitol, Trafigura raise $10 bln

LONDON, Oct 6- Two of the world's commodity powerhouses, Vitol and Trafigura, have raised over $10 billion this week, despite rival Glencore's run-in with investors, which they say shows bankers understand the sector better than bond or equity dealers. Rival Trafigura, whose founder Claude Dauphin lost his battle with cancer last week at the height of the turmoil...
Source: Reuters | By: Amanda Cooper
UPDATE 1-Wall St profits up 29 pct in H1 2015 to $11.3 bln-report

NEW YORK, Oct 6- Wall Street broker-dealers posted profits of $11.3 billion in the first half of 2015, up 29 percent year-on-year and the strongest first half since 2011, according to a report by a New York financial watchdog on Tuesday. However, the report by New York state Comptroller Thomas DiNapoli said a slowing global economy could put pressure on the...
Source: Reuters
US STOCKS-Wall St set to open lower after S&P 500's 5-day rally

*U.S. trade deficit widens to $48.33 bln in Aug. Oct 6- Wall Street looked set to open lower on Tuesday as investors book profits after the S&P 500' s best 5- day run since 2011.. "We're just digesting some of the gains and that is part of the reason why markets are just slightly lower," said Paul Nolte, director of trading at Conifer Securities in New York.
Source: Reuters | By: Abhiram Nandakumar
Canada to offer more than C$1 bln over 10 yrs to auto sector-CTV

TORONTO, Oct 6- Canada's Conservative Prime Minister Stephen Harper is set to promise more than C $1 billion in assistance over 10 years for the automotive industry, CTV News reported on Tuesday, one day after agreeing to a new trade pact that critics say will hurt the Canadian industry. Citing an unnamed source, CTV said he would announce loans and grants to...
Source: Reuters
UPDATE 1-AmerisourceBergen to buy PharMEDium for $2.58 bln

Oct 6- AmerisourceBergen agreed to buy PharMEDium Healthcare Holdings Inc for $2.58 billion from private equity firm Clayton, Dubilier& Rice to boost its drug distribution business. The acquisition is expected to add 22- 26 cents to AmerisourceBergen's adjusted earnings per share in 2016 and generate savings of about $30 million, the company said on Tuesday.
Source: Reuters