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World stocks advance on strong data, earnings

LONDON - Global stocks climbed on Monday, with strong U.S. data and encouraging third-quarter earnings easing concerns about the pace of global economic recovery and raising appetite for riskier assets.

Recent Business News

Pilots extend Lufthansa strikes to long-haul flights

FRANKFURT - German pilots union VC on Monday widened its strike at Lufthansa to include long-haul flights on Tuesday, having previously targeted only the carrier's short and medium-haul routes on Monday and Tuesday.

3:54am EDT

StanChart readies to close thousands of UAE accounts as U.S. deadline looms

- Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

2:17am EDT

Japan firms want government action if yen weakens: Reuters poll

TOKYO - Nearly half of Japanese firms think the government should start defending the yen at this month's dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy.

1:19am EDT

Adidas shares jump on report of bid for Reebok unit

BERLIN - Shares in German sportswear firm Adidas AG jumped on Monday after the Wall Street Journal reported that an investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government planned a $2.2 billion bid to buy Reebok.

Deals, Money 5:27am EDT

Microsoft plans to launch smartwatch within weeks: Forbes

NEW YORK - Microsoft Corp. is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday.

19 Oct 2014

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Sector Summary

Should bankers get bigger bonuses?

Morgan Stanley reported strong third-quarter earnings today, up 12 percent to $8.91 billion in quarterly revenue, while rival Goldman Sachs yesterday reported an increase of 25 percent to $8.39 billion.