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    +Ericsson shares plunge almost 30 percent after profit warning
      The news dragged down shares of Alcatel-Lucent, Nokia and Siemens.

    +Gold closes higher in Hong Kong at US$763.55 an ounce
      Gold closed higher in Hong Kong Tuesday at US$763.55 an ounce, up US$7.70 an ounce from Monday's close of US$755.85.

    +German investor confidence steady in October after 4 straight drops
      German investor confidence has stabilized after dropping for four consecutive months as markets emerge from the worst of the U.S. subprime mortgage crisis, a closely watched survey showed Tuesday.

    +Euro lower against US dollar
      The euro lost ground against the U.S. dollar on Tuesday, giving up gains from the previous day despite weak economic news from Washington.

    +LG Electronics profit soars amid strong handset sales
      LG Electronics Inc., a major producer of mobile phones and consumer electronics, said Tuesday that third-quarter net profit surged nearly 15-fold amid record handset sales and better performance by its flat panel joint venture LG.Philips LCD Co.

    +Cancer drugs boost Roche's 3rd-quarter sales by 6 percent
      Strong growth by its cancer medicines helped Roche Holding AG increase its third-quarter sales by 6 percent, the Swiss pharmaceutical company said Tuesday.

    +BAE Systems says CEO Mike Turner to step down next year
      BAE Systems PLC, the defense company being investigated by the U.S. Department of Justice over plane and military equipment orders from Saudi Arabia, said Tuesday that Chief Executive Mike Turner will step down next August.

    +Oil prices rise to new intraday record on fears Turkey will attack Kurds
      Oil prices rose Tuesday on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region.

    +HK stock index drops on signs that China investment scheme won't be launched soon
      Hong Kong shares tumbled in volatile trading Tuesday on signs that China's long-awaited individual overseas investment scheme may not be launched as soon as expected.

    +Bulgaria's current account deficit hits ?161 million (US$228 million) in August
      Bulgaria's current account deficit grew to ?160.7 million (US$228.2 million) in August, nearly double the ?86.8 million (US$123 million) in the same month last year, the country's central bank said Tuesday.

    +U.S. dollar up, gold up in European trading
      The U.S. dollar was higher against most other major currencies in European trading Tuesday. Gold traded higher.

    +Report: Chinese agency to invest in foreign markets including Hong Kong and Taiwan
      China's new foreign investment agency will invest in all global markets including Taiwan and Hong Kong, a state news agency on Tuesday quoted its chairman as saying.

    +Dollar rises versus yen in Asia, but may fall back on U.S. stock worries
      The dollar edged higher against the yen Tuesday in Asia as short-term investors hunted bargains in the U.S. currency following its overnight decline in the wake of Wall Street's slump.

    +Burberry says 1st-half revenue rises 15 percent
      Luxury goods retailer Burberry PLC reported a 15-percent increase in revenue Tuesday, saying new lines and cohesive marketing campaigns have proved popular with both retail and wholesale customers.

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