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POLONIA Rate rises 0.62 pp.

October 30, 2014 - reuters.com

WARSAW, Oct 30 (Reuters) - POLONIA the reference rate for Overnight deposits amounted to 2.00 percent. The volume of transactions concluded till 16:30 by banks participating in POLONIA fixing amounted to 1,749 mln PLN. Note: Description of reference rate at: http://www.acipolska.pl/ ((warsaw.newsroom@reuters.com))

S.Africa's rand bounces back against a firm dollar

October 30, 2014 - reuters.com

JOHANNESBURG, Oct 30 (Reuters) - South Africa's rand firmed against the dollar on Thursday as the central bank defended its inflation targeting policy, saying it was the best approach to reducing price pressures while contending with slowing economic growth. The South African Reserve Bank's out-going governor Gill Marcus told a policy conference that the bank was unlikely to raise its inflation target from the current 3-6 percent band. ID:nL5N0SP1LB The rand regained some of the ground lost overnight after a hawkish statement on interest rates by the U.S. central bank saw it flounder, and by 1509 GMT traded 0.72 percent firmer at 10.8730 per dollar ZAR=D3 . "The FOMC (Federal Open Market Committee) really caused a bit of chaos in the dollar overnight, and the rand went up close to 11.000," said Jim Bryson, a currency trader with Rand Merchant Bank. The local unit had slipped to 10.9515 at market close in New York on Wednesday as the greenback raced to its strongest in over three weeks against a basket of major currencies .DXY . The rand has traded below the crucial 11.000 mark in the past five sessions following the Treasury's promise last week to cut government expenditure, while managing a 7-week high of 10.8240 on Tuesday. Yields on the benchmark paper due in 2026 ZAR186= inched up 1.5 basis points to 7.91 percent. (Reporting by Mfuneko Toyana; Editing by Ed Stoddard) ((mfuneko.toyana@thomsonreuters.com; +27117753153; Reuters Messaging: mfuneko.toyana.thomsonreuters.com@reuters.net)) Keywords: MARKETS SAFRICA/CURRENCY

Sterling recovers some ground as dollar rally runs out of steam

October 30, 2014 - reuters.com

By Liisa Tuhkanen and Jemima Kelly LONDON, Oct 30 (Reuters) - Sterling recovered ground against the dollar on Thursday, as the greenback paused for breath after rallying on a Federal Reserve statement that was more confident than expected. Earlier in the day, the pound had fallen below $1.60 GBP=D4 for the first time in two weeks after the Fed ended its massive bond-buying programme and surprised markets by dropping a reference to U.S. labour market slack as "significant". ID:nL1N0SO24I Sterling then fell further after stronger-than-expected U.S. GDP numbers, hitting a day's low of $1.5950. But it was quick to recover those losses and last traded at $1.6015, flat on the day. ID:nL1N0SN2BN The dollar eased from 3-1/2 week highs against a basket of currencies .DXY as U.S. Treasury yields US2YT=RR US10YT=RR slipped. "It was a fairly big move yesterday so we've seen some consolidation and the dollar has come off a little bit after the initial response -- it's just some retracement of some of the move from yesterday," said Derek Halpenny, European head of global markets research at Bank of Tokyo-Mitsubishi UFJ. Against the single currency, the pound strengthened 0.2 percent to 78.75 pence per euro EURGBP=D4 . Preliminary data from Germany showed inflation slowing down to 0.7 percent in October, undershooting forecasts and adding to worries about Europe's largest economy. The figure, the weakest since May, suggests the risk of deflation in the euro zone has not yet abated. ID:nL5N0SP3F6 Inflation data for the euro zone as a whole will be published on Friday. "The German figure does suggest that there's a downside risk tomorrow, so from a relative monetary policy play I think euro/sterling is certainly an attractive trade," Halpenny added. RATE EXPECTATIONS John Hardy, a currency strategist at Saxo Bank, said sterling was being contained by the fact that UK wage growth remained weak and that the British economy was suffering knock-on effects from a slowdown in the euro zone, Britain's most important export market. Bank of England policymakers have this week emphasised that the central bank would leave rates near their record low level for longer on the basis of low inflation and slack remaining in the labour market. ID:nL5N0SN562 ID:nL5N0SM5AU Sterling had reached a six-year high against the dollar in mid-July on expectations that the BoE would start hiking interest rates by the end of this year. But those bets have since been pushed well back, with many now not expecting rates to rise until the second half of 2015. GBPOIS=ICAP Data released on Thursday showed British house price growth easing for a second month in a row in October, adding to evidence that the once red-hot property market -- previously used as an argument for raising rates sooner rather than later -- is cooling. ID:nL5N0SP1QK That followed numbers on Wednesday that showed British lenders approved the fewest mortgages in more than a year last month. ID:nL9N0RG005 (Editing by Andrew Roche) ((liisa.tuhkanen@thomsonreuters.com)) Keywords: MARKETS STERLING/CLOSE

UPDATE 1-UK outlines new legal powers for Bank of England to regulate mortgages

October 30, 2014 - reuters.com

(Adds details, context) LONDON, Oct 30 (Reuters) - Britain's government published proposals to give the Bank of England new legal powers to control residential mortgage lending on Thursday, but said it wanted more evidence before deciding on a BoE request to regulate lending to landlords. The proposals are in line with finance minister George Osborne's desire to give the BoE greater oversight of residential mortgage lending to reduce the risk that the housing market could overheat and destabilise Britain's economy. "The government is proposing that the Bank is granted powers of direction for loan-to-value limits and debt-to-income limits for owner-occupied mortgages," Osborne said in a statement. The BoE's Financial Policy Committee (FPC) can already recommend limits on how much banks should lend mortgage applicants relative to their income and the value of their home. Both the BoE and the government want to beef up the FPC's powers by making such limits legally enforceable. ID:nL6N0RX2JF With a view to implementing the laws before a general election next May, the consultation will start at once and run to Nov. 28. It is aimed at gathering the views of consumers and the finance industry, particularly on how debt should be defined for the purposes of the new laws, the finance ministry said. In June, the FPC urged banks to issue no more than 15 percent of mortgages at loan-to-income ratios above 4.5 times a borrower's income. ID:nL6N0P72HO The FPC also said earlier this month that it wants the power to impose limits on buy-to-let mortgages. But the government said on Thursday that this would be subject to a separate consultation in 2015 aimed at "building an in-depth evidence base on how the operation of the UK buy-to-let housing market may carry risks to financial stability". The decision to push back the buy-to-let consultation means it is unlikely that there will be sufficient time to enact any new laws on that subject through before the 2015 election. * For the government announcement, see https://www.gov.uk/government/news/government-launches-consultation-on-further-housing-market-powers-for-bank-of-england (Reporting by William James and David Milliken; Editing by Toby Chopra) ((david.milliken@reuters.com)(+44 20 7542 5109)(Reuters Messaging: david.milliken.thomsonreuters.com@reuters.net)) Keywords: BRITAIN HOUSING/BOE

London gold 1500 fix - Oct 30 - 1202.00 dlrs

October 30, 2014 - reuters.com

UPDATE 1-Zambia's Treasury says no change in policy, markets should stay calm

October 30, 2014 - reuters.com

(Adds background) LUSAKA, Oct 30 (Reuters) - Zambia's economic policies remain unchanged after the death of President Michael Sata, and there is no need for the market to panic, the finance ministry of Africa's second-biggest copper producer said on Thursday. "I wish to appeal to all economic players, to remain calm as they execute their business activities and to desist from speculative tendencies that may cause instability in our economy," Fredson Yamba, secretary to the Treasury, said in a statement. "Strong macro-economic policies underpinned by the need for high sustainable growth, creating jobs and reducing poverty, will remain as our focus. As a nation, our economic policies will continue to be sound irrespective of who takes office." Zambia's kwacha ZMW= weakened more than 2 percent to 6.52/dollar on Wednesday, its weakest in more than four months, on news of Sata's death. It recouped most of those losses to trade at 6.3700 by Thursday. The southern African nation has enjoyed high rates of economic growth in recent years and Sata oversaw an ambitious programme to build roads and make other upgrades to Zambia's decrepit infrastructure, funded in part by a debut Eurobond. But he also unnerved foreign investors by publicly rounding on companies that tried to trim staff. The Treasury has also been at loggerheads with mining companies over its withholding of hundreds of millions of dollars in VAT receipts. Sata, who was nicknamed "King Cobra" because of his sharp tongue, died on Tuesday. He had been president of Zambia since 2011. (Reporting by Chris Mfula; Writing by Ed Stoddard; Editing by Stella Mapenzauswa) ((Edward.Stoddard@thomsonreuters.com; +27 11 775 3160; Reuters Messaging: edward.stoddard.thomsonreuters.com@reuters.net)) Keywords: ZAMBIA ECONOMY/

FOREX-U.S. GDP data, more hawkish Fed tone bolster greenback

October 30, 2014 - reuters.com

* U.S. Q3 GDP up 3.5 percent, above forecast * Dollar spikes to 3-1/2-week high but drops back * Inflation data from Germany bodes ill for euro (Updates with U.S. trading, recasts with U.S. data, adds comment, changes byline, dateline, previous LONDON) By Daniel Bases NEW YORK, Oct 30 (Reuters) - The dollar on Thursday extended recent gains to a 3-1/2-week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve. A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists. ID:nL1N0SN2BN The data backed up Wednesday's bullish statement on the U.S. economy by the Fed and added to buying momentum that has lifted the dollar over 8 percent on a trade-weighted basis since July. However, the dollar's spike higher was quickly dulled as the market looked deeper into the data. "We see a much lower-than-expected reading on consumer spending. We saw a drop in imports and while that did bolster the net trade number for GDP, it did suggest that domestic demand was likely weaker than previous quarters in Q3," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange, a currency brokerage in Washington, D.C. "However given yesterday's Fed statement and given the fact that the dollar has considerable (upward) momentum I think the market may overlook some of the details of the report and just continue to view the U.S. economy as growing solidly and certainly faster than most of its major rivals," he said. The trade-weighted U.S. dollar index .DXY , which measures the value of the greenback against a basket of currencies, rose to a 3-1/2-week high of 86.491 before falling to 86.059, a gain of 0.12 percent on the day. Wednesday's Fed statement, which also included the end of the Fed's quantitative easing bond-buying stimulus program, focused on a U.S. economic recovery that is largely on track with improving labor markets. Contrasted against the moribund outlook for Europe's economy, the euro fell to a 3-1/2-week low of $1.2548. It has since cut those losses to $1.2600, a loss of 0.25 percent on the day EUR= . The dollar touched 109.35 yen before pulling back to 109, a rise of 0.11 percent JPY= . Japan's central bank meets on Friday while the European Central Bank's next meeting is Nov. 6. Concerns about disinflation in Europe grew after German annualized inflation data slowed to a 0.7 percent gain in October, the lowest reading since May. ID:nL5N0SO5GE This increases the contrast between the strengthening of the U.S. economy and the overall upward trend in market interest rates against the expectation of more monetary easing policies in Europe. Ultimately that would be negative for the euro. On Friday, euro zone inflation data is forecast for an annual 0.4 percent reading, up from 0.3 percent in September. ECONEZ The ECB has grappled with low inflation this year, lowering rates to near zero and talked the euro lower to ward off disinflation. (Additional reporting by Anirban Nag in London; Editing by Shri Navaratnam, Larry King and James Dalgleish) ((daniel.bases@thomsonreuters.com; +1 646 223 6131; Reuters Messaging: daniel.bases.reuters.com@reuters.net; Twitter: @djbases)) Keywords: MARKETS FOREX/

London platinum/palladium 1400 fix - Oct 30

October 30, 2014 - reuters.com

GLOBAL MARKETS-Dollar surges as Fed ends QE on hawkish note

October 30, 2014 - reuters.com

* Dollar, yields jump after Fed ends QE * Global equity markets mixed * Fed statement more hawkish than markets had expected (Recasts lead, adds U.S. open, adds Visa, changes dateline, previously LONDON) By Yasmeen Abutaleb NEW YORK, Oct 30 (Reuters) - Global equity markets were mixed on Thursday while the dollar surged to a three-week high and government bond yields rose, one day after the U.S. Federal Reserve announced the end of its six-year bond-buying stimulus program. The Fed, as expected, said it would no longer add to its holdings of Treasury bonds and mortgage-backed securities, effectively ending a program that at its peak pumped $85 billion a month into the financial system to hold interest rates down and boost the flagging economy. Less expected was the Fed's expression of confidence in the U.S. recovery, despite global growth concerns, which prompted financial markets to rethink the growing consensus that the Fed's first interest rate hike would be late in 2015. The Fed did note in its statement Wednesday after a two-day meeting that overnight borrowing costs would remain near zero for a "considerable time." ID:nL1N0SO24I "The tone in the statement was relatively more hawkish than had been anticipated," said Mohannad Aama, managing director of Beam Capital Management LLC in New York. "The FX markets have concluded an interest rate hike is going to happen probably sooner rather than later." The dollar .DXY jumped 0.3 percent against a basket of six major currencies and rose 0.2 percent against the euro to $1.2602. The two-year U.S. bond yield on Wednesday posted its biggest one-day rise in almost four years. MSCI's index .MIWD00000PUS of equities in 45 countries fell 0.4 percent. The pan-European FTSEurofirst 300 .FTEU3 index of leading companies fell 0.2 percent in a volatile session. The benchmark 10-year Treasury note yield US10YT=RR rose 10/32 in price to yield 2.2835 percent. The Dow Jones industrial average .DJI rose 64.19 points, or 0.38 percent, to 17,038.5, the S&P 500 .SPX lost 5.06 points, or 0.26 percent, to 1,977.24 and the Nasdaq Composite .IXIC dropped 19.32 points, or 0.42 percent, to 4,529.90. Visa Inc V.N jumped 8 percent as the biggest boost to both the Dow and S&P 500 a day after it reported adjusted earnings that topped expectations, and said the mobile payment industry would be a "great driver" for business. ID:nL4N0SO7EA Gold fell to a three-week low just above $1,200 an ounce XAU= , pressured by the strong dollar. Oil also fell, with U.S. and Brent crude futures down more than 1 percent to $81.02 and $86.20 a barrel, respectively. CLc1 LCOc1 Brazil surprised markets late on Wednesday by hiking interest rates, a bold move that signals President Dilma Rousseff may make market-friendly policy changes after her narrow re-election victory on Sunday. ID:nL1N0SO0TA The rate hike could give the Brazilian real BRL= a further lift. It fell to a nine-year low against the dollar on Monday after Rousseff defeated market-friendly challenger Aecio Neves, but pared losses as some of the pessimism faded. (Editing by Meredith Mazzilli) ((jamie.mcgeever@thomsonreuters.com)(+44)(0)(207 542 8510)) Keywords: MARKETS GLOBAL

Tanzania current account deficit widens 7.6 pct in year to August

October 30, 2014 - reuters.com

* Tourism earnings cross $2 bln mark for first time * Gold exports fall for second straight year DAR ES SALAAM, Oct 30 (Reuters) - Tanzania's current account deficit widened 7.6 percent in the year to August, weighed down by a rise in imports and because the country received less aid and fewer loans, its central bank said on Thursday. The deficit widened to $4.791 billion in the 12 months to August from $4.451 billion during the same period last year. "The widening of the deficit was driven by an increase in imports of goods relative to exports coupled with a decline in current transfers, particularly official transfers to the government," the Bank of Tanzania said in its latest monthly economic report. Current transfers are mainly composed of aid and loans that Tanzania receives from abroad. Earnings from tourism, the country's primary foreign exchange earner, rose by 15 percent and hit the $2 billion mark for the first time in the year to August as Tanzania experienced a surge in tourist numbers, according to the central bank. In the same period, the value of imports of goods and services was $11.307 billion, up 7.2 percent from the previous year. The rise was partly driven by growth in the manufacturing sector, the bank said. The value of imported industrial raw materials amounted to $841.4 million in the 12 months to August, compared with $704.4 million in the corresponding period in 2013, it said. Oil imports rose to $4.267 billion, a 7.7 percent increase from a year ago, partly due to demand from the energy sector. Gold exports, the country's second-biggest foreign exchange earner, declined 5.7 percent to $1.687 billion in the year to August. "Gold ... continued to decline for two years consecutively, following a fall in gold prices in the global market, coupled with a decline in export volumes," said the central bank. Tanzania, which has a population of around 45 million, is Africa's fourth-largest gold producer after South Africa, Ghana and Mali. The value of "traditional" exports edged higher by 1.9 percent to $834 million in the year ending August 2014, due to an increase in both export volumes and prices of tobacco, cloves and sisal. Gross official foreign exchange reserves held by the central bank reached $4.53 billion in the year to August, or about 4.4 months of import cover, slightly lower than $4.56 billion a year ago, the central bank said. (Reporting by Fumbuka Ng'wanakilala; Editing by George Obulutsa and Raissa Kasolowsky) ((george.obulutsa@thomsonreuters.com; Tel: +254 20 499 1232; Reuters Messaging: george.obulutsa.thomsonreuters.com@reuters.net)) Keywords: TANZANIA ECONOMY/

Hungary to refinance 2015 fx debt expiries primarily from forint debt issuance

October 30, 2014 - reuters.com

BUDAPEST, Oct 30 (Reuters) - Hungary plans to finance next year's 2.5 billion euros worth of foreign currency debt expiries primarily from forint-denominated issuance, according to the draft 2015 budget submitted to parliament on Thursday. Hungary last tapped international markets in March 2014. The government has said it aimed to refinance expiring foreign currency debt increasingly from forint debt issues in order to cut the share of foreign currency debt within total state debt. (Reporting by Krisztina Than) ((krisztina.than@thomsonreuters.com; +36 1 327 4745; Reuters Messaging: krisztina.than.thomsonreuters.com@reuters.net)) Keywords: HUNGARY DEBT

WEEKAHEAD-AFRICA FX-Zambian kwacha vulnerable after Sata death, others seen stable

October 30, 2014 - reuters.com

JOHANNESBURG, Oct 30 (Reuters) - Zambia's kwacha ZMW= is likely to stay on the back foot against the dollar next week as investors fret about the policy implications of President Michael Sata's death. Retailers are also stocking up on hard currency in preparation for the Christmas season. Elsewhere in Africa, the currencies of Uganda, Nigeria and Ghana are expected to hold steady while Kenya and Tanzania's shillings will probably edge higher. ZAMBIA On Thursday, the currency of Africa's second largest copper producer ZMW= was at 6.3550 per dollar, little changed from 6.3500 one week ago. The currency weakened more than 2 percent to 6.52/dollar on Wednesday on news of Sata's death, its weakest in more than four months. Traders expected volatility to linger for a while, although the smooth transfer of power to vice-president Guy Scott had helped calm investors. "It gives investors the assurance that Zambia will be peaceful ahead of the presidential by-election," one trader said. The central bank said on Wednesday it was ready to provide support to the market, adding it had seen some "uncertainties" reflected in foreign exchange trade. KENYA Traders expected Kenya's shilling KES= to firm slightly next week, helped by inflows from foreign investors into a government bond sale. The central bank is selling a 12-year infrastructure bond worth 20 billion shillings ($224 million) in a tap sale, and is taking bids until Nov.20. Commercial banks quoted the shilling at 89.20/30 to the dollar on Thursday, unchanged from last week. "From next week I think we should see the shilling strengthen a bit mainly because of the usual end-month demand will be over. At least there will be subdued demand," Robert Gatobu, a trader at Bank of Africa, said. "Also the tap sale for the infrastructure bond is still ongoing, so I think we should see a bit of foreign investors who missed out on the first batch." UGANDA Market watchers expected the Ugandan shilling UGX= to hold steady as the recent surge in importer demand for hard currency started to ebb. "All this demand that we've been receiving from manufacturers, merchandise importers for December shoppers is getting exhausted," said Diamond Trust Bank trader David Bagambe. The local currency came under pressure last week, hitting 2,710/dollar, its weakest level since January 2013, as importers looking to pay for extra shipments for the year-end shopping season exerted demand. This demand would gradually recede in the course of November and remittances from Ugandan immigrant workers would also boost dollar supply in coming weeks, Bagambe said. TANZANIA The Tanzanian shilling TZS= was expected to trend firmer, helped by month-end sales of the U.S. currency by corporates and non-governmental organisations (NGO's). Commercial banks in east Africa's second-biggest economy quoted the shilling at 1,703/1,713 to the dollar on Thursday, stronger than 1,708/1,715 a week ago. "We expect to see a slight appreciation of the shilling on the back of month-end dollar sales by NGO's and corporates to pay salaries and other obligations," said Sameer Remtulla, a dealer at Commercial Bank of Africa Tanzania. GHANA Ghana's cedi currency GHS= is expected to hold steady in the week ahead as a recent influx of dollars serves lower-than-normal importer demand ahead of the Christmas season, traders said. "Normally in the final quarter you see a lot of demand because importers are getting ready for the festive season. This year we are not seeing that," said Adu-Koranteng Yaw, a research analyst for NDK Asset Management. At the same time, supply was higher than earlier in the year because of a recent $1.7 billion cocoa loan and a $1 billion Eurobond, according to two traders. "We are still going to benefit from the Eurobond. It's going to be relatively calm," said Sampson Akligoh, managing director of InvestCorp bank. NIGERIA Nigeria's naira NGN= is seen stable around its current range as more energy companies buy the local currency to fund month end domestic payments and the central bank also provides support. The naira currency closed at 165.65 to the dollar on the interbank market, compared with 164.80 last Thursday. The naira has been under pressure over the past five weeks, unnerved by falling global oil prices, which caused offshore investors to cut back their positions in the debt and stock markets. Traders said demand for hard currency was gradually slowing down, while the central bank's resolve to support the currency had restored confidence and calmed the market. (Reporting by Chris Mfula, Elias Biryabarema, Fumbuka Ng'wanakilala, George Obulutsa, Matthew Mpoke Bigg, Oludare Mayowa; Editing by Stella Mapenzauswa) ((stella.mapenzauswa@thomsonreuters.com; +27117753161; Reuters Messaging: stella.mapenzauswa.thomsonreuters.com@reuters.net)) Keywords: AFRICA CURRENCY/

UPDATE 2-Goldcorp results lag expectations, stock drops

October 30, 2014 - reuters.com

(Recasts with results missing expectations, analyst comments, stock price) TORONTO, Oct 30 (Reuters) - Goldcorp Inc G.TO , the world's biggest gold producer by market value, reported lower-than-expected adjusted earnings on Thursday as production lagged expectations, sending its stock sharply lower. Goldcorp, hurt by lower gold prices and production at two mines in Mexico, also said its 2014 production would come in at the low end of its forecast. The company's stock dropped 8 percent to C$22.10 on the Toronto Stock Exchange. The Vancouver, British Columbia-based miner said adjusted earnings fell to $70 million, or 9 cents a share, in the quarter from $190 million, or 23 cents a share. Analysts expected earnings of 18 cents a share, according to Thomson Reuters I/B/E/S. The results included a writedown of $36 million, or 4 cent per share, on the value of low-grade stockpiles at its Penasquito mine in Mexico. "The EPS miss was largely driven by operating weakness at Penasquito as Goldcorp processed more lower-grade stockpile material, and lower production at Los Filos as a result of a slower ramp-up of production following suspension of mining activities in Q2," RBC Capital Markets analyst Stephen Walker said in a note. Goldcorp reported a net loss of $44 million, or 5 cents a share, compared to net earnings of $5 million, or 1 cent per share, last year. All-in sustaining costs per ounce rose to $1,066 in the quarter, from $995 in the same period last year. All-in sustaining costs is a measure adopted by producers in 2013 to reflect the true cost of producing an ounce of gold. It includes sustaining capital, exploration costs and general expenses. Chief Executive Officer Chuck Jeannes said the company now sees 2014 production at the low end of its forecast, of between 2.95 million and 3.1 million ounces, because of lower-than-expected production at El Sauzal due to pit wall instability, and a second-quarter work stoppage at Los Filos. Mining at El Sauzal was halted last month as a safety precaution, while operations were suspended at the Los Filos mine for about a month in April because of a dispute with a group of local landowners. ID:nL1N0R32FV ID:nL1N0MU15G Production rose to 651,700 ounces of gold in the quarter, from 637,100 a year earlier, as it sold 641,000 ounces, down from 652,100 last year. TD Securities analyst Greg Barnes said quarterly gold production missed his estimate of 761,000 ounces, with production at the company's Red Lake, Penasquito and Los Filos mines below his expectations. The 2014 forecast "looks like a stretch," he wrote. The average realized gold price fell to $1,266 an ounce in the quarter, from $1,339 an ounce. Goldcorp also said a cost-cutting drive has delivered bigger savings than expected. It realized $185 million in savings over the last nine months, ahead of its $100 million target for the year. That will keep 2014 all-in sustaining costs to the low end of a forecast range of $950 to $1,000 per ounce. A 2014 capital spending forecast was maintained at $2.3-$2.4 billion. (Reporting by Susan Taylor Editing by W Simon, Alden Bentley and Jeffrey Benkoe) ((susan.taylor1@thomsonreuters.com; +1 416 941 8083; Reuters Messaging: susan.taylor1.thomsonreuters.com@reuters.net)) Keywords: GOLDCORP RESULTS/

UK finance ministry consults on residential mortgages, will review buy-to-let in 2015

October 30, 2014 - reuters.com

LONDON, Oct 30 (Reuters) - Britain's finance ministry launched a consultation on Thursday about new powers requested by the Bank of England to regulate residential mortgages, but said discussion of similar curbs on buy-to-let mortgages would have to wait until 2015. "The government is proposing that the Bank is granted powers of direction for loan to value limits and debt to income limits for owner-occupied mortgages," the ministry said. The BoE requested these powers on Oct. 2, along with the ability to limit the size of buy-to-let mortgages relative to rental payments. But the finance ministry said a review of the latter would need to wait until next year. "The government intends to consult separately in 2015 on the Bank's recommendations for it to have new powers over the buy to let market, with a view to building an in-depth evidence base on how the operation of the UK buy-to-let housing market may carry risks to financial stability," the ministry said. * For the government announcement, see https://www.gov.uk/government/news/government-launches-consultation-on-further-housing-market-powers-for-bank-of-england (Reporting by David Milliken, editing by Andy Bruce) ((david.milliken@reuters.com; +44 20 7542 5109; Reuters Messaging: david.milliken.thomsonreuters.com@reuters.net)) Keywords: BRITAIN HOUSING/BOE

All Czech central bankers to attend Nov 6 policy meeting

October 30, 2014 - reuters.com

PRAGUE, Oct 30 (Reuters) - All seven members of the Czech central bank (CNB) board will attend the Nov. 6 rate setting meeting, the bank said on Thursday. (Reporting by Robert Muller) ((robert.muller@thomsonreuters.com; +420224190475; Reuters Messaging: robert.muller.thomsonreuters.com@reuters.net)) Keywords: CZECH CENBANK/

Zambia Treasury says no change in policy, urges markets to stay calm

October 30, 2014 - reuters.com

LUSAKA, Oct 30 (Reuters) - Zambia's economic policies remain unchanged and there is no need for market panic following the death of President Michael Sata this week, the finance ministry of Africa's second-biggest copper producer said on Thursday. "I wish to appeal to all economic players, to remain calm as they execute their business activities and to desist from speculative tendencies that may cause instability in our economy," Fredson Yamba, the top civil servant in the finance ministry, said in a statement. (Reporting by Chris Mfula; Writing by Ed Stoddard; Editing by David Dolan) ((Edward.Stoddard@thomsonreuters.com; +27 11 775 3160; Reuters Messaging: edward.stoddard.thomsonreuters.com@reuters.net)) Keywords: ZAMBIA ECONOMY/

RPT-UPDATE 2-Russia's Megafon confident spending on mobiles will not run dry as economy slows

October 30, 2014 - reuters.com

(Repeats to align text) * Sees 2014 sales at lower end of 6-8 pct range * Sales advance 4.5 pct in Q3; 6.9 pct in nine months * Net income down 16.5 pct on forex losses, expansion costs * Sticks to annual dividends, no interim payment this year (Recasts, adds CEO comments, details) By Maria Kiselyova MOSCOW, Oct 30 (Reuters) - Russia's second-biggest mobile phone operator Megafon MFON.MM said on Thursday it is confident that consumers will not cut spending on telecoms services despite the economic downturn because it accounts for a tiny portion of their expenses. The company will, however, refrain from paying interim dividends this year, a possibility it had not ruled out before, in order to cushion itself from possible shocks as Russia's economy flirts with recession because of Western sanctions over the Ukraine crisis. "Already today the dollar costs more than 43 roubles -- that cannot fail to drive our expenses," Ivan Tavrin, Megafon's chief executive, said, referring to the cost of purchasing foreign network equipment and settling with roaming partners. "But we see that the telecoms sector is less prone to the negative impact from the weak economy because peoples' spending on mobile communications accounts for no more than 1 percent of their total expenses," he told reporters on a conference call following third-quarter results on Thursday. Gevork Vermishyan, Megafon's chief financial officer, told Reuters the company's plan to cut its dollar exposure, including pushing forward remaining payments for its acquisitions, allowed it to reduce the foreign exchange impact on net profit by 80 percent. Still, the fluctuations in the rouble, which was 10 percent lower against the dollar in the third quarter than a year ago, led to Megafon's net profit falling 16.5 percent through non-cash foreign exchange losses. Megafon said net profit fell to 12.8 billion roubles ($295.4 million) from 15.3 billion a year ago because of a revaluation of the company's dollar-denominated obligations. It was slightly above a Reuters poll forecast of 12.6 billion roubles. "We are looking to the future with confidence ... Our operational profit is growing and once the rouble stabilises, the net profit will return to its average levels," Tavrin said. Increased depreciation and amortisation charges due to network roll-out and the acquisition of mobile Internet provider Scartel also contributed to the decline in profit, it said. Tavrin said that Megafon would maintain annual dividend payouts but an interim payment that its management had previously considered was out of the question this year. "The situation is indeed complicated and the company should be ready for various scenarios. The dividends on first-half results that the shareholders could have been paid now, they will get them next summer as part of a regular payout." SALES GROW Megafon did not provide any forecasts for next year but confirmed guidance for 6-8 percent in sales growth in 2014, saying it expected growth at the lower end of the range. Third-quarter sales rose 4.5 percent year-on-year to 81.1 billion roubles, driven by a 37 percent jump in mobile Internet revenue and bringing growth in the first nine months of 2014 to 6.9 percent, year-on-year. Growth was also helped by a nearly 30 percent jump in revenue from sales of equipment and accessories, partly because of increased sales of Apple's AAPL.O devices, Megafon said. The company signed an agreement with Apple's Russian subsidiary in January, resuming a direct partnership with the U.S. company after a break of several years. ID:nL6N0M21SW Megafon also confirmed a core profit (OIBDA) margin forecast of at least 44 percent for the year. The third-quarter margin rose to 46 percent from 45.6 percent, helped by an improvement in cost efficiency and reduction in operating expenditures. OIBDA (operating income before depreciation and amortisation) climbed 5.3 percent to 37.3 billion roubles, while analysts forecast it at 37 billion roubles with a 45.7 percent margin. ID:nL5N0SN44L (Reporting by Maria Kiselyova; Editing by Elizabeth Piper and Susan Fenton) ((maria.kiselyova@thomsonreuters.com; +7 495 775 1242; Reuters Messaging: maria.kiselyova.thomsonreuters.com@reuters.net)) Keywords: RUSSIA MEGAFON/RESULTS

GLOBAL MARKETS-Dollar surges as Fed ends QE on hawkish note

October 30, 2014 - reuters.com

* Dollar jumps, shares fall Fed ends QE * Fed statement more hawkish than markets had expected * Euro zone deflation threat knock Bund yields By Jamie McGeever and Francesco Canepa LONDON, Oct 30 (Reuters) - The dollar surged to a three-week high and global shares fell on Thursday as the Federal Reserve struck a confident note on the U.S. economy while the threat of deflation in the euro zone mounted. The Fed's announcement late on Wednesday that it was ending bond-buying after six years was widely expected, but its decision to drop a characterisation of U.S. labour market slack as "significant" in the accompanying statement was not. The tweak, perceived by markets as a slightly hawkish turn, prompted a rethink of the consensus that the first U.S. interest rate hike would come late in 2015. "This is a key step for the Fed, and despite market jitters in the short-term, it's a necessary move as the U.S. economy is in a pretty good shape," said Jeanne Asseraf-Bitton, head of global cross-asset research at Lyxor Asset Management. "The global economy doesn't need more liquidity at this point, it needs economic growth." In a statement on Wednesday after a two-day meeting, the Fed retained its basic guidance that overnight borrowing costs would remain near zero for a "considerable time". ID:nL1N0SO24I The dollar index .DXY , which measures the U.S. currency against a basket of six major rivals, rose to 86.49 on Thursday, its highest since Oct. 6 and was last seen at 86.18. The euro touched a 3 1/2-week low of $1.2546 EUR= in European trade, and was last trading at $1.2710, still down 0.3 percent on the day. The two-year U.S. Treasury yield US2YT=RR , which is sensitive to interest rate moves, hovered just below 49 basis points, compared to 30 basis points two weeks ago. It jumped almost 10 basis points immediately after the Fed's statement on Wednesday. The U.S. central bank's unexpectedly upbeat comments about the economy also sent gold prices below $1,200 an ounce on Thursday while silver slid to a 4-1/2 year low. GOL/ The prospect of tighter U.S. monetary policy, with its possible negative implications for global growth, added to existing concerns about the euro zone, which is struggling with low inflation and sluggish bank lending. GVD/EUR .EU Annual inflation in Germany, Europe's largest economy, eased to 0.7 percent in October, its lowest reading since May, preliminary data from the Federal Statistics Office showed. ID:nL5N0SO5GE Deflation worries in the euro zone pushed Germany's 10-year Bund yields DE10YT=TWEB 5 basis points lower to 0.84 percent while banks in weaker countries such as Italy, Greece and Spain led European shares into the red. ID:nL5N0SP2CU The MSCI All-Country World index .MIWD00000PUS was down 0.4 percent, while Wall Street opened flat. Brazil surprised markets late on Wednesday by hiking interest rates, a bold move that signals President Dilma Rousseff may make market-friendly policy changes after being narrow re-elected on Sunday. ID:nL1N0SO0TA The rate hike could give the Brazilian real BRL= a further lift. It had fallen to a nine-year low against the dollar on Monday after Rousseff defeated market-friendly challenger Aecio Neves, but it recovered ground as some of the pessimism faded. (Reporting by Jamie McGeever and Francesco Canepa; Additional reporting by Blaise Robinson in Paris; Editing by Catherine Evans; To read Reuters Global Investing Blog click on http://blogs.reuters.com/globalinvesting; for the MacroScope Blog click on http://blogs.reuters.com/macroscope; for Hedge Fund Blog Hub click on http://blogs.reuters.com/hedgehub) ((jamie.mcgeever@thomsonreuters.com)(+44)(0)(207 542 8510)) Keywords: MARKETS GLOBAL

Burkina Faso military to make statement soon -local media

October 30, 2014 - reuters.com

DAKAR, Oct 30 (Reuters) - Burkina Faso's military command will make a statement on the situation in the country at 1400 GMT, local media reported on Thursday. Thousands of protesters had earlier marched on the presidential palace after burning the parliament building and ransacking state television offices, forcing President Blaise Compaore to scrap a plan to extend his 27-year rule. (Reporting by Bate Felix; Writing by David Lewis; Editing by Daniel Flynn) ((david.lewis2@thomsonreuters.com; Dakar Newsroom +221 338645076; Reuters Messaging: david.lewis2.thomsonreuters.com@reuters.com)) Keywords: BURKINA POLITICS/MILITARY

VW sees stable earnings in second half of year - CFO

October 30, 2014 - reuters.com

BERLIN, Oct 30 (Reuters) - German carmaker Volkswagen VOWG_p.DE expects operating profit in the second half of the year to be roughly on a par with earnings in the first six months, Chief Financial Officer Hans Dieter Poetsch said. There is a "certain probability" that second-half underlying earnings will be similar to first-half operating profit, which rose 7 percent to 6.19 billion euros, Poetsch said on a conference call on Thursday. Passenger-car order books at Wolfsburg-based VW are in "pretty decent" shape, sales chief Christian Klingler said on the call, without being more specific. Fourth-quarter free cash flow will be hit by major capital spending, Poetsch said. Truckmaker MAN MANG.DE needs urgent progress in cutting costs, Poetsch said, after third-quarter profit slumped by about half, forcing the company to scale back its earnings forecast. ID:nL5N0SN2UQ "We need to continue to work heavily on the cost side," he added. (Reporting by Andreas Cremer; Editing by Arno Schuetze) ((Andreas.Cremer@thomsonreuters.com; +49-30-2888-5084; Reuters Messaging: andreas.cremer.thomsonreuters.com@reuters.net)) Keywords: VOLKSWAGEN OUTLOOK

Colombian central bank may hold rate amid global uncertainty

October 30, 2014 - reuters.com

By Helen Murphy and Nelson Bocanegra BOGOTA, Oct 30 (Reuters) - Colombia's central bank will likely continue to pause its monetary tightening cycle on Thursday as it looks to bolster economic growth amid an uncertain global environment and benign inflation pressures. The seven-member board will leave the benchmark rate at 4.5 percent, 31 of 32 analysts forecast in a Reuters poll. The board, which began meeting today at 8:30 a.m. in Bogota (13:30 GMT), left the rate steady last month after raising it from 3.25 percent in a series of hikes starting in April. The last move was a quarter-point increase to 4.5 percent in August. Inflation is forecast by the central bank to end 2014 slightly higher than the mid-point of the 2-4 percent target, a level policy makers are comfortable with even though its above a near 50-year low of 1.94 percent in 2013. Meanwhile, economic growth is expected to slow to 4.5 percent in the second half from 5.4 percent in the first half. "This will be an easy meeting because the center of discussion will be focused on the external situation," said Francisco Chaves, chief economist at Corredores Asociados. "The global slowdown and the drop in oil prices didn't have the same weight a month ago, so there's likely to be more of an aroma of unanimity in holding the rate this time," he added. The bank has raised concerns recently about the global economy, highlighting how other nations could impact Colombia. A recovery in the United States comes as China, Europe and other Latin American nations are slowing, and trade terms could deteriorate along with a drop in oil prices, it said. The U.S. Federal Reserve on Wednesday ended its bond purchase program, a show of confidence its economy is on the mend. While U.S. rates are expected to remain low for some time, improvement in its economy will help bolster Colombian growth. Last month, one member of Colombia's board voted to raise the rate a quarter point to damp inflationary pressures that could come if economic expansion quickens in the coming months, the minutes of that meeting showed. Even so, most analysts in the Reuters survey expect the rate to be held through 2014. "Those thinking of a rate increase are probably more relaxed now with the current level," Chaves said. Board member Carlos Gustavo Cano said on Oct. 8 that the rate could be left at 4.5 percent "hopefully for the longest time possible." Policymakers have also expressed concern about Colombia's revenue stream as crude output and prices decline. Economic expansion slowed to 4.3 percent in the second quarter from 4.5 percent a year earlier. It shrank compared with the first three months of the year. "With activity growing at what we believe is its potential, and with inflation expectations under control, the central bank should now be able to remain on hold for 2015," said Munir Jalil, chief economist at Citigroup Colombia, revising his rate estimate for the end of 2015 from 5 percent. The central bank sees the economy expanding around 5 percent this year, versus 4.7 percent in 2013. (Reporting by Helen Murphy; Editing by Alan Crosby) ((helen.murphy@thomsonreuters.com)(+571-634-4139)(Reuters Messaging: helen.murphy.reuters.net@reuters.com)) Keywords: COLOMBIA RATES/

Sri Lanka rupee ends steady on remittances, cbank suasion

October 30, 2014 - reuters.com

COLOMBO, Oct 30 (Reuters) - The Sri Lankan rupee ended steady Thursday on higher remittances and offloading of dollars by exporters even as the central bank prevented the local currency from dipping below 131.00, dealers said. The spot currency LKR=LK ended the day at 130.85/90 per dollar, almost flat from Wednesday's closing level of 130.80/131.00. It was largely untraded last week on moral suasion by the central bank. Dealers said the three-day forwards or spot next was actively traded in the absence of spot, finishing at 130.90/131.00 per dollar compared to Wednesday's 130.95/131.05 at close. "Exporters were selling dollars in the market after waiting for a long time. I think they would have realised the central bank is not going to allow the rupee to trade below the 131.00 level," a currency dealer said asking not to be named. The central bank has dissuaded any spot trade in the rupee below 130.85 this week, dealers said. Sri Lanka's central bank governor Ajith Nivard Cabraal said earlier in the week that the trend was for an appreciating rupee, without elaborating. (Reporting by Shihar Aneez; Editing by Biju Dwarakanath) ((shihar.aneez@thomsonreuters.com; +94-11-232-5540; Reuters Messaging: shihar.aneez.thomsonreuters.com@reuters.net twitter:@shiharaneez)) Keywords: MARKETS SRI LANKA/FOREX

IMF says additional monetary easing in Poland may be needed

October 30, 2014 - reuters.com

WARSAW, Oct 30 (Reuters) - Poland may need to undertake additional monetary easing to bring inflation to its 2.5 percent target, the International Monetary Fund said on Thursday. "Recent interest rate cuts are welcome, yet downside risks to inflation persist amid slowing activity and disinflation in the euro area and unresolved geopolitical tensions surrounding Russia/Ukraine," the IMF said in a concluding statement after a regular mission to Poland. "High interest rate differentials with the euro area and emerging market peers and continued monetary policy easing in the euro area forge space for a further policy interest rate cut," a concluding statement of IMF staff visit reads. Poland cut rates this month to 2.0 percent, their lowest level in history. (Reporting by Marcin Goettig; Writing by Marcin Goclowski; Editing by Christian Lowe) ((marcin.goclowski@thomsonreuters.com; +48 22 6539724; Reuters Messaging: marcin.goclowski.reuters.com@thomsonreuters.net)) Keywords: POLAND RATES/IMF

UPDATE 3-Protesters march on Burkina presidency after burning parliament

October 30, 2014 - reuters.com

* Government abandons plans to extend presidential limit * Emergency services say at least three protesters shot dead * Demonstrators demand Compaore step down * Opposition leader says he is not in favour of a coup (Adds government abandoning plans for reform, shootings) By Mathieu Bonkoungou and Joe Penney OUAGADOUGOU, Oct 30 (Reuters) - Thousands of protesters marched on Burkina Faso's presidential palace after burning the parliament building and ransacking state television offices on Thursday, forcing President Blaise Compaore to scrap a plan to extend his 27-year rule. Emergency services said at least three protesters were shot dead and several others wounded by security forces when the crowd tried to storm the home of Compaore's brother. Security forces also fired live rounds and tear gas at protesters near the presidency in the Ouaga 2000 neighbourhood. Black smoke swirled in the air above parliament after demonstrators lit fires inside the building before looting computers and televisions screens and wheeling away police motor-bikes, a Reuters reporter said. Lawmakers had been due to vote on Thursday on a government plan to change the constitution to allow Compaore - who took power in a coup in 1987 - to stand for re-election next year, when he was due to stand down. Alain Edouard Traore, communications minister, later said the government had dropped the proposal to amend a two-term limit on the presidential mandate. But protesters told Reuters they would not stop until Compaore was forced to step aside. Burkinabe officials said there were also large-scale protests in Bobo Dioulasso, Burkina's second biggest town, and Ouahigouya, to the north. "We did this because Blaise was trying to stay too long. We are tired of him," said Seydou Kabre, a protester in the crowd in Ouagadougou. "We want a change. He must go!" Most deputies had not yet arrived for the vote when protesters, who had set up barricades outside parliament from early on Thursday, stormed the building. The crowd surged forward after police fired warning shots in the air. A Reuters reporter saw nearby structures also on fire and vehicles outside the parliament being smashed. State television was forced off the air after the building was taken. Soldiers deployed outside state radio with an armoured personnel carrier to defend it from the crowd. Opposition leader Zephirin Diabre said on his Twitter feed he was opposed to any coup in Burkina Faso just hours after he had urged armed forces to join the people in a speech broadcast live from his headquarters. Local radio and a diplomatic source said opposition leaders held talks with an influential army General Kouame Lougue about a possible transition. The same diplomatic source said members of Compaore's government had been arrested at the airport trying to leave the country. A Reuters witness said protesters took one of the dead bodies from the streets and wrapped it in the national flag, while softly singing Burkina's anthem. They then drove it to the central Place de la Nation, where more protesters had gathered. INCREASING OPPOSITION Compaore has ruled the cotton and gold-producing nation with a firm grip but, in recent years, he has faced increasing criticism, including from within his own camp and the military. "If needs be we are going to march to the presidency. We want Blaise Compaore to leave, We want change," said George Sawadogo, a 23-year-old student. Opposition to Compaore's plan have been mounting in recent days. Hundreds of thousands of people took to the streets of Ouagadougou and other towns across the country on Tuesday in what the opposition said was the start of a campaign of civil disobedience over the proposed constitutional reform. The government has called for restraint. "This seems to have moved us to a situation where Compaore will have to leave power before the end of his term next year," said Gilles Yabi, an independent West Africa analyst. "It will depend on how the security forces react, but I can't imagine that Blaise will be able to finish his term if there is serious violence today." France has called on Compaore to adhere to African Union rules preventing constitutional changes that allow leaders to stay in power. The U.S. government has said it is concerned. "All bets are off now," said one Western diplomat in Ouagadougou, who asked not to be identified. (Additional reporting by David Lewis and Bate Felix in Dakar, Joe Bavier and Ange Aboa in Abidjan; Writing by Daniel Flynn, editing by Andrew Heavens) ((david.lewis2@thomsonreuters.com; Dakar Newsroom +221 338645076; Reuters Messaging: david.lewis2.thomsonreuters.com@reuters.com)) Keywords: BURKINA POLITICS/

Chile central bank says 3rd-qtr growth likely to be slowest this year

October 30, 2014 - reuters.com

SANTIAGO, Oct 30 (Reuters) - Chile's economy is likely to expand in third quarter at its slowest pace this year but should pick up its pace of growth during the final three months of 2014, Central Bank President Rodrigo Vergara said on Thursday. (Reporting by Felipe Iturrieta; Writing by Anthony Esposito) ((anthony.esposito@thomsonreuters.com)(Twitter: @ReutersChile)(; +562-2370-4253; Reuters Messaging: anthony.esposito.thomsonreuters.com@reuters.net)) Keywords: CHILE CENBANK/ECONOMY

TABLE-NSE Currency Futures traded on Oct 30

October 30, 2014 - reuters.com

SNAPSHOT-India stocks, bonds, rupee, swap, call at close

October 30, 2014 - reuters.com

STOCKS .BSESN .NSEI ----------------------- The benchmark BSE index ended up 0.92 percent, marking its highest-ever closing level, and the broader NSE index closed 0.97 percent higher, rising for eight sessions in nine, as investors bet an improving economy and government reforms would allow the country to better withstand potential rate hikes by the U.S. Federal Reserve than other emerging markets. .BO RUPEE INR=D2 -------------- The partially convertible rupee ended weaker at 61.45/46 per dollar against its previous close of 61.35/36, falling for a third consecutive session as the dollar got a boost after the U.S. Federal Reserve struck a more hawkish tone than expected at its policy meeting on Wednesday. INR/ GOVERNMENT BONDS IN084024G=CC ------------------------------- The benchmark 10-year bond yield ended down 3 basis points at 8.29 percent, with bonds marking a 13-month high on hopes recent government reforms and likely rate cuts by the country's central bank would help offset any impact of an earlier-than-expected increase in U.S. interest rates. IN/ INTEREST RATE SWAPS INROIS MIOIS= ------------------------------------- The benchmark five-year swap rate ended flat at 7.50 percent, while the one-year rate closed 2 basis points higher at 8.10 percent. CALL MONEY INROND= -------------------- India's cash rate ended at 8.10/8.15 percent, higher than the previous day's close of 7.90/8.00 percent. (Compiled by Dipika Lalwani) ((dipika.lalwani@thomsonreuters.com; +91-22-6180-7098; Reuters Messaging: dipika.lalwani.thomsonreuters.com@reuters.net)) Keywords: INDIA SNAPSHOT/

Goldcorp reports third-quarter loss, writedown

October 30, 2014 - reuters.com

TORONTO, Oct 30 (Reuters) - Goldcorp Inc G.TO reported a third-quarter net loss on Thursday, as gold prices fell and it took a $36 million writedown on the value of low-grade stockpiles at its Penasquito mine in Mexico. Goldcorp, the world's biggest gold producer by market value, reported a net loss of $44 million, or 5 cents a share, in the quarter ending Sept. 30, compared to net earnings of $5 million, or 1 cent per share, in the same period a year ago. Adjusted earnings declined to $70 million, or 9 cents a share, from $190 million, or 23 cents a share. (Reporting by Susan Taylor Editing by W Simon) ((susan.taylor1@thomsonreuters.com; +1 416 941 8083; Reuters Messaging: susan.taylor1.thomsonreuters.com@reuters.net)) Keywords: GOLDCORP RESULTS/

UPDATE 3-Barclays sets aside $800 mln for FX fines as profits rise

October 30, 2014 - reuters.com

* Bank makes provision to settle UK, US foreign exchange probes * Q3 adjusted profit up 15 pct to 1.6 billion pounds * Investment bank profits slump 39 pct on year * Costs fall to lowest quarterly level for 5 years * Shares flat as retail, credit card arms improve (Adds comments from finance director, details) By Steve Slater LONDON, Oct 30 (Reuters) - Barclays Plc BARC.L set aside 500 million pounds ($800 million) in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. The British bank on Thursday joined other big rivals in signalling that a settlement over alleged manipulation of the $5.3 trillion-a-day foreign exchange market is near with regulators in both the United Kingdom and the United States. "These are ongoing discussions with certain regulatory agencies and it's our best estimate of what we feel is the provision required as a consequence. The discussions are fluid and they are continuing," Barclays Finance Director Tushar Morzaria told reporters, declining to comment further. Barclays is one of six banks in talks with UK regulators to pay about 1.5 billion pounds in a group settlement, sources have said. They said a deal could come in mid-November and U.S. regulators were also working on a group payment. ID:nL6N0RR2EC JPMorgan JPM.N , UBS UBSN.VX and Deutsche Bank DBKGn.DE each set aside more than $1 billion in the third quarter for extra legal costs, which sources have said is mostly to cover potential fines relating to currency market investigations. Royal Bank of Scotland RBS.L and HSBC HSBA.L are expected to make provisions on Friday and Monday respectively. Past conduct problems continue to dog Barclays Chief Executive Antony Jenkins as he tries to improve profitability, standards and conduct by shrinking the investment bank, slashing costs and axing underperforming units. Barclays is shifting to become more reliant on retail banking, rather than more volatile investment banking. The bank said costs in the third quarter fell to their lowest level for five years, and were down 7 percent so far this year. Barclays has cut 7,800 jobs in the last 12 months out of 19,000 it expects to axe by the end of 2016. Its shares were down 0.5 percent at 219.4 pence by 1140 GMT, outperforming a 1.9 percent drop by Europe's banking index .SX7P . Analysts said the cost cuts, the performance of its retail bank and its credit card arm, Barclaycard, were good. "Barclays' transition from investment banking towards retail banking continues, with the three retail divisions accounting for 80 percent of third-quarter core profitability," said Andrew Coombs, analyst at Citi, who rates Barclays' shares a "buy". COST CUTS Barclays reported underlying pretax profit in the three months to the end of September of 1.6 billion pounds, up 15 percent from a year before. Retail banking profits rose 11 percent from a year ago and at Barclaycard they climbed 16 percent, but investment banking profits slumped 39 percent to 284 million pounds. Investment bank revenues dropped 10 percent in the quarter from a year ago as fixed income, equities and advisory income all fell. Its drop in revenue contrasted with a 17 percent increase on average across the big U.S. investment banks. "We see Q3 results as a clear indication of a deleveraging investment bank under significant pressure -- especially in businesses such as prime services and equities which have been impacted by dark pools, deleveraging repo books and a cost focus from management," said Chirantan Barua, analyst at Bernstein. Barclays said it had been hurt by a client retreat after New York's attorney general accused it of lying about its high-speed trading venue, known as a dark pool. Barclays is fighting the lawsuit. ID:nL2N0PZ19T "The dark pools allegations that happened right at the start of the quarter have had an impact," Morzaria said. Barclays set aside another 170 million pounds to compensate customers for mis-sold loan insurance products, taking its bill for payment protection insurance to 5 billion pounds. The latest rise was largely offset, however, by a 160 million pound reduction in its provision for compensation to small businesses mis-sold interest rate hedging products. The bank's leverage ratio, which measures capital as a percentage of assets without adjusting for risk, nudged up to 3.5 percent at the end of September from 3.4 percent in June. UK regulators are expected to lift the minimum leverage ratio requirement for banks to between 4 percent and 5 percent on Friday, but give banks several years to get to that level. That decision could force Barclays to accelerate its asset sales and shrinking of the investment bank, or constrain its dividend, analysts said. ID:nL5N0R91F4 Morzaria said he was "very confident" the bank would improve its leverage ratio to above 4 percent and was ahead of its 2016 timetable to do so. (1 US dollar = 0.6250 British pound) (Additional reporting by Matt Scuffham; editing by Clara Ferreira Marques and David Clarke) ((steve.slater@thomsonreuters.com; +44)(0)(20 7542 4367; Reuters Messaging: steve.slater.thomsonreuters.com@reuters.net and follow me on twitter @reuterssteves)) Keywords: BARCLAYS RESULTS/

Security forces fire on protesters near Burkina presidential palace -sources

October 30, 2014 - reuters.com

OUAGADOUGOU, Oct 30 (Reuters) - Security forces protecting the area near Burkina Faso's presidential palace fired live rounds and tear gas as crowds approached, diplomatic and security sources told Reuters on Thursday. Crowds marched towards the presidential palace in the Ouaga 2000 neighbourhood of Ouagadougou after earlier storming the parliament building and state television, the sources said. Security forces protecting the house of President Blaise Compaore's brother opened fire as demonstrators tried to attack the building, leaving three bodies lying motionless on the ground, a witness said. (Reporting by David Lewis and Joe Bavier; Editing by Daniel Flynn) ((david.lewis2@thomsonreuters.com; Dakar Newsroom +221 338645076; Reuters Messaging: david.lewis2.thomsonreuters.com@reuters.com)) Keywords: BURKINA POLITICS/PALACE

Burkina Faso scraps bill to extend presidents term amid protests

October 30, 2014 - reuters.com

DAKAR, Oct 30 (Reuters) - Burkina Faso's government has abandoned plans for legislation to extend President Blaise Compaore's 27-year rule on Thursday amid protests by thousands of people who stormed the parliament building and state television. Alain Edouard Traore, communications minister, confirmed the government had dropped a project to amend the constitution to remove a two-term presidential term limit that would have allowed Compaore to seek reelection next year. (Reporting by Bate Felix; Writing by Daniel Flynn) ((daniel.flynn@thomsonreuters.com; +221 33 864 5076; Reuters Messaging: daniel.flynn.thomsonreuters.com@reuters.net)) Keywords: BURKINA POLITICS/WITHDRAWAL

China probing jump in September precious metals exports -newspaper

October 30, 2014 - reuters.com

SINGAPORE, Oct 30 (Reuters) - China is investigating a surge in precious metals exports in September, China Business News reported on its website on Thursday, in a sign of suspected irregularities in trade numbers. China has already sent a team of investigators from a number of government departments to the southern province of Guangdong, which borders Hong Kong, to ascertain the cause of the increase, the newspaper reported, citing unnamed sources. The value of shipments of precious metals, including jewellery, rose to about $10.8 billion in September, a 678 percent jump from a year ago, the paper said. The Ministry of Commerce, which regulates such trade, did not immediately respond to calls seeking comment. China typically does not reveal trade data on gold, so the exports figures likely reflect silver, platinum and palladium trade. Last month, China's currency regulator said it had found nearly $10 billion worth of falsified trade transactions more than a year after the fake trades were first uncovered. ID:nL3N0RQ1OH To evade China's capital controls and move money in or out of the world's second-biggest economy, some companies create artificial trade invoices that are not backed by an actual exchange of goods or services. Global commodity markets were rattled in June when an investigation into a trade fraud in China showed companies had used fake receipts at a port in Qingdao in east China to obtain multiple loans secured against a single cargo of metal. In June, China's chief auditor said Chinese gold processing firms have since 2012 used falsified gold transactions to borrow 94.4 billion yuan ($15 billion) from banks. ID:nL4N0P71DC ($1 = 6.1140 Chinese yuan) (Reporting by A. Ananthalakshmi and David Stanway; Editing by Tom Hogue) ((ananthalakshmi.as@thomsonreuters.com; +65 6870 3726; Reuters Messaging: ananthalakshmi.as.thomsonreuters.com@reuters.net)) Keywords: CHINA TRADE/PRECIOUSMETALS

London gold 1030 fix - Oct 30 - 1205.75 dlrs

October 30, 2014 - reuters.com

Burkina Faso state TV goes off air after building stormed - witness

October 30, 2014 - reuters.com

OUAGADOUGOU, Oct 30 (Reuters) - Burkina Faso state television went off air on Thursday after protesters stormed the building and ransacked it, a Reuters witness said. A handful of soldiers who were guarding the building shot in the air to try to disperse them but the crowds continued advancing and the soldiers fled, the witness said. (Reporting by Joe Penney; Writing by David Lewis; Editing by Daniel Flynn) ((david.lewis2@thomsonreuters.com; Dakar Newsroom +221 338645076; Reuters Messaging: david.lewis2.thomsonreuters.com@reuters.com)) Keywords: BURKINA POLITICS/TV

UPDATE 1-Protesters storm, set fire to Burkina Faso parliament- witnesses

October 30, 2014 - reuters.com

(Adds details, quote from protestor) OUAGADOUGOU, Oct 30 (Reuters) - Thousands of protesters stormed Burkina Faso's parliament on Thursday and set fire to the building, ahead of a vote on a motion to allow the president to stand for re-election, Reuters witnesses said. The crowd then headed towards the prime ministers office as a government helicopter flew overhead, shooting tear gas canisters at protesters, a Reuters witness said. Lawmakers had been due to vote on Thursday a plan proposed by the government to change the constitution to allow President Blaise Compaore stand for re-election next year, when he was due to stand down due to a two-term limit. Most deputies had not yet arrived for the vote when protesters entered the building. "We did this because Blaise was trying to stay too long. We are tired of him," said Seydou Kabre, a protester in the crowd headed to the prime minister's office. "We want a change. He must go!" Protesters took the parliament building after police starting shooting in the air in a bid to disperse them. In the face of the surging crowd, police were forced to withdraw, witnesses said. (Reporting by Mathieu Bonkoungou and Joe Penney; Writing by Joe Bavier and Daniel Flynn; Editing by David Lewis) ((joe.bavier@thomsonreuters.com; +225 07074101; Reuters Messaging: joe.bavier.thomsonreuters.com@reuters.net)) Keywords: BURKINA POLITICS/PROTESTS

London platinum/palladium 0945 fix - Oct 30

October 30, 2014 - reuters.com

Protesters storm Burkina Faso parliament - witness

October 30, 2014 - reuters.com

OUAGADOUGOU, Oct 30 (Reuters) - Thousands of protesters stormed Burkina Faso's parliament building on Thursday, forcing police to withdraw, ahead of a vote on a motion to allow the president to stand for re-election, a Reuters witness said. He said the protesters stormed the building and had got inside and that the police had run away. (Reporting by Mathieu Bonkoungou; Writing by Joe Bavier; Editing by Alison Williams) ((joe.bavier@thomsonreuters.com; +225 07074101; Reuters Messaging: joe.bavier.thomsonreuters.com@reuters.net)) Keywords: BURKINA POLITICS/PROTESTS

UPDATE 1-Burkina police scatter, arrest protesters before Compaore vote

October 30, 2014 - reuters.com

(Adds details, background) OUAGADOUGOU, Oct 30 (Reuters) - Security forces in Burkina Faso fired teargas and beat and arrested protesters on Thursday as they tried to reach parliament before a vote on a move to allow the president to stand for re-election. Officers in pick-ups pursued opposition supporters and cordoned off the area around the building in the capital Ouagadougou, a Reuters photographer said. In response, hundreds of protesters burned tyres and set up makeshift barricades. Lawmakers are due to vote on Thursday morning on a government plan to revise the constitution to allow President Blaise Compaore stand for re-election next year, when he was due to stand down. The proposal has deeply divided Burkina Faso, one of the world's poorest nations and which has positioned itself as a mediator in regional crises. It has also drawn criticism from former colonial power France and from the United States, allies of the Burkinabe government in operations against al Qaeda-linked groups in West Africa. Compaore has been in power since 1987, ruling the cotton and gold-producing nation with a generally firm grip. However, in recent years, he has faced increasing criticism, including from within his own camp and the military. Hundreds of thousands of people took to the streets of Ouagadougou and other towns across the country on Tuesday in what the opposition said was the start of a campaign of civil disobedience over the proposed constitutional reform. The government has called for restraint. It is not yet clear if the government will ask lawmakers on Thursday to approve a referendum on changing term limits to allow Compaore to stand, or try to directly pass the changes it seeks by securing the support of 75 percent of parliamentarians, as allowed under law. France has called on Compaore to adhere to African Union rules preventing constitutional changes that allow leaders to stay in power. The U.S. government has said it is concerned. One Ouagadougou-based diplomat said he expected the government to try to push the changes directly through parliament but it was likely to be a close vote. "It is an awkward one," the diplomat said. "We have all leant as heavily as we can. But if you amend the constitution through constitutional means, diplomats don't have a leg to stand on, even if you don't like it." (Reporting by Joe Penney and Mathieu Bonkoungou; Additional reporting by David Lewis in Dakar; Writing by David Lewis; editing by John Stonestreet) ((david.lewis2@thomsonreuters.com; Dakar Newsroom +221 338645076; Reuters Messaging: david.lewis2.thomsonreuters.com@reuters.com)) Keywords: BURKINA POLITICS/

Burkina security forces scatter, arrest protesters ahead of vote

October 30, 2014 - reuters.com

OUAGADOUGOU, Oct 30 (Reuters) - Security forces in Burkina Faso fired tear gas and arrested protesters gathering in the centre of the capital on Thursday, a Reuters photographer said, before parliament votes on a move to allow the president to stand for re-election. Officers in pick-ups pursued and beat some opposition supporters trying to reach the National Assembly in Ouagadougou, which was cordoned off by police. Lawmakers are due to vote on Thursday morning on a plan proposed by the government to push through changes to the constitution to allow President Blaise Compaore stand for re-election next year, when he was due to stand down. (Reporting by Joe Penney and Mathieu Bonkoungou; Writing by David Lewis, editing by John Stonestreet) ((david.lewis2@thomsonreuters.com; Dakar Newsroom +221 338645076; Reuters Messaging: david.lewis2.thomsonreuters.com@reuters.com)) Keywords: BURKINA POLITICS/

INDICATORS - Kazakhstan - Oct 30

October 30, 2014 - reuters.com

BRIEF-Condor Blanco Mines announces extension of gold mining HOA

October 30, 2014 - reuters.com

Oct 30 (Reuters) - Condor Blanco Mines Ltd CDB.AX : * Extension of gold mining hoa CDB.AX * Deadline for completion of due diligence by Condor and for it to advise rio of its intention to proceed is to be now completed by 05 November 2014 * On basis that Condor elects to proceed with the project, the parties must sign the joint venture agreement by 12 November 2014 * Source text for Eikon ID:nASX5Cq38c * ((For more news, please click here CDB.AX )) ((Bangalore Newsroom; +91 80 6749 1130))

MIDEAST STOCKS - Factors to watch - October 30

October 30, 2014 - reuters.com

DUBAI, Oct 30 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch of their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS- Asian stocks fall, dollar surges on Fed's optimism MKTS/GLOB * Brent drops below $87 as Fed optimism lifts dollar O/R * MIDEAST STOCKS- Dubai, Saudi bourses pull back after outperforming region MEAST-STX * Gold near 3-week low after Fed optimism over US economy GOL-RTRS * Iraqi forces advance in new bid to end Baiji refinery siege IQ-REF * INTERVIEW-Palestinian telecoms company unbowed by Gaza war ORDS.QA-PALTEL.PL-WATA.PL * London's Battersea secures 467 mln pound Islamic financing SIME.KL * OPEC's Badri sees little output change in 2015, says don't panic on oil drop OPEC * Tunisia's secular party wins 85 seats in parliament, Islamist party 69 TN-POL SAUDI ARABIA * Major new Saudi-Sinopec refinery to export in Dec-sources REF-SDABO.UL UNITED ARAB EMIRATES * Dubai's Emaar Properties Q3 profit rises despite revenue drop EMAR.DU-RES * UAE telco Etisalat Q3 net profit rises on domestic income, Morocco buy ETEL.AD-RES * Abu Dhabi financial zone hires regulatory chief from Singapore AE-DFIN * Etihad, Alitalia offer concessions in bid for EU approval for stake deal AIRL-AE * UAE's Amanat Holdings says IPO fully covered within first week IPO-AMHO.DU QATAR * Commercial Bank of Qatar Q3 net profit jumps 79 pct COMB.QA-RES * Qatari Sept trade surplus falls 19.9 pct yr/yr to $7.2 bln QA-TRACC BAHRAIN * Batelco Q3 net profit rises 40 pct BTEL.BH OMAN * Bank Muscat's Islamic unit plans maiden sukuk in Q1 2015 BMAO.OM (Compiled by Dubai newsroom) ((dubai.newsroom@reuters.com)) Keywords: MIDEAST FACTORS

India Morning Call-Global Markets

October 30, 2014 - reuters.com

EQUITIES NEW YORK - U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects. Major indexes were volatile following the central bank's statement, with the S&P 500 down as much as 0.8 percent before pulling back. Material shares .SPLRCM were lower throughout the session, a decline in Facebook pressured the Nasdaq, but strength in energy and financial shares helped the market recover. For a full report, click on .N - - - - LONDON - Britain's top equity index rose to its highest level in nearly three weeks on Wednesday as expectations the U.S. Federal Reserve will signal it is in no rush to raise interest rates buoyed stock markets. Intertek ITRK.L was the top performer on the blue-chip FTSE 100 index .FTSE following positive broker comments, with the FTSE itself closing up by 0.8 percent at 6,453.87 points. For a full report, click on .L - - - - TOKYO - Japan's Nikkei share average rose to a fresh three-week high on Thursday morning as optimism about the U.S. economy buoyed sentiment, while Nintendo Co 7974.T soared on better-than-expected earnings. The U.S. Federal Reserve said after a two-day meeting on Thursday that the U.S. labour market was improving, but said interest rates would remain low for a "considerable time." For a full report, click on .T - - - - HONG KONG - Hang Seng Index .HSI is trading 0.27 percent lower. For a full report, click on .HK - - - - FOREIGN EXCHANGE TOKYO - The dollar stayed on the front foot on Thursday, holding near prior session highs as it basked in the afterglow of the Federal Reserve's optimistic take on the U.S. economic recovery, raising the odds of policy tightening sooner rather than later. The Federal Open Market Committee released a statement after its two-day meeting that underscored the improving U.S. labour market, but said interest rates would remain low for a "considerable time." For a full report, click on USD/ - - - - TREASURIES NEW YORK - U.S. 5-year treasuries yield rises nearly 9 basis points to 1.592 pct, on track for biggest one-day yield increase since mid-March-Reuters Data. For a full report, click on US/ - - - - COMMODITIES GOLD SINGAPORE - Gold was languishing near a three-week low on Thursday after the U.S. Federal Reserve ended its bond-buying stimulus programme and expressed confidence in the economic recovery, dimming bullion's safe-haven appeal. Spot gold XAU= was little changed at $1,212.60 an ounce by 0031 GMT. In the previous session, gold fell to $1,208.26 - its lowest since Oct. 8, before closing down 1.3 percent. For a full report, click on GOL/ - - - - BASE METALS SYDNEY - London copper led other metals lower on Thursday, after encouraging comments by U.S. monetary officials on the state of the world's top economy sparked a dollar rally, which weighed on commodities. Three-month copper on the London Metal Exchange CMCU3 slipped 0.5 percent to $6,779 a tonne by 0139 GMT, after ending slightly firmer in the previous session when it struck its loftiest level since Sept 19. For a full report, click on MET/L - - - - OIL NEW YORK - Oil prices closed higher on Wednesday for a second day in a row after data showed U.S. crude stockpiles rose less than expected last week, ending two weeks of builds that pressured the market. Prices remained up even as the dollar rallied in the afternoon to a Federal Reserve statement that suggested to some that the central bank's confidence in U.S. labor market recovery could result in an earlier-than-expected rate hike. For a full report, click on O/R (Compiled by Abhishek Vishnoi) ((abhishek.vishnoi@thomsonreuters.com; +91 22 61807225; Reuters Messaging: abhishek.vishnoi.thomsonreuters.com@reuters.net)) Keywords: MORNINGCALL INDIA/

UPDATE 2-Gold miner Agnico earnings miss but raises output forecasts

October 30, 2014 - reuters.com

(Recasts with earnings miss, adds production forecast for 2014) Oct 29 (Reuters) - Agnico Eagle Mines AEM.TO reported lower-than-expected adjusted earnings on Wednesday partly due to increased spending on exploration but raised its gold production forecasts for both this year and next due to strong operating results at its mines. For the second time this year, the Toronto-based gold producer raised its output forecast for 2014. It now expects to produce around 1.4 million ounces of gold this year, up from a previous forecast of between 1.35 million to 1.37 million ounces. Agnico also lifted its production outlook for 2015 to 1.6 million ounces as it expects higher output from its Meadowbank mine in Canada, Kittila mine in Finland and Mexican operations. The new projection compares with a previous forecast of 1.25 million ounces in 2015. That forecast, however, excluded production from the Canadian Malartic mine, which Agnico bought a stake in earlier this year. Agnico reported a net loss in the third quarter of $15.1 million, or 7 cents a share, in the three months to the end of September due to a number of one-off non-cash items, including stock option expenses and foreign currency translation losses. That compared with a net profit of $74.9 million, or 43 cents a share, in the same period a year ago. Adjusting for these one-time items, Agnico earned $4.2 million, or 2 cents a share. That was below the 15 cents analysts were expecting, according to Thomson Reuters I/B/E/S. Desjardins analyst Michael Parkin said the earnings were lower than expected partly due to increased exploration spending by Agnico at its Amaruq project in Nunavut. Agnico said it produced 349,273 ounces of gold in the third quarter, up from 315,828 ounces in the comparable quarter in 2013. Its average cash costs for producing an ounce of gold on a by-product basis rose to $716 an ounce from $591 in the same period last year. In recent quarters, Agnico and its peers have been slashing costs as the gold industry tries to restore profit eroded by a 35 percent fall in the gold price in the past three years, soaring mine site costs and overpriced acquisitions. However, analysts have said miners have cut as much as they can and expect costs to rise from here. (Reporting by Nicole Mordant in Vancouver; Editing by Chris Reese, Matthew Lewis and Lisa Shumaker) ((nicole.mordant@thomsonreuters.com; +1-604-664-7315; Reuters Messaging: nicole.mordant.thomsonreuters.com@reuters.net)) Keywords: AGNICO EAGLE RESULTS/

UPDATE 1-Centerra Gold loss widens as prices, sales drop

October 30, 2014 - reuters.com

(Adds analyst expectations, data on production, sales and prices, production targets and background on assets) TORONTO, Oct 29 (Reuters) - Centerra Gold Inc CG.TO reported a deeper third-quarter loss on Wednesday, reflecting lower gold prices and the sale of fewer ounces of gold, the company said. The Toronto-based gold miner's net loss widened to $3.2 million, or 1 cent a share, from $1.8 million, or 1 cent, in the year-ago period. Analysts, on average, had been expecting a loss of 8 cents a share, according to Thomson Reuters I/B/E/S. Centerra, whose main asset is the Kumtor gold mine in Kyrgyzstan, produced 110,792 ounces of gold in the quarter and sold 107,367 ounces of gold. That is down from production of 113,840 ounces and the sale of 115,941 ounces in the same period last year. The average price realized for Centerra's gold fell 5 percent to $1,265 per ounce from $1,337 an ounce in the year-prior period. Centerra lifted its 2014 production target to between 600,000 and 650,000 ounces of gold. Kumtor is still expected to produce 550,000 to 600,000 ounces, while the Boroo mine in Mongolia is now seen producing 50,000 ounces, up from a previous 45,000 ounce estimate. Centerra's Kumtor open-pit mine has faced several setbacks since the project started in 1994, including threats of nationalization, riots and more recently a $300 million ecological damages lawsuit. The mine contributes some 10 percent of the impoverished country's GDP. Centerra and the government of Kyrgyzstan have been in discussions for more than a year on a deal that would involve the state swapping its 32.7 percent stake in Centerra for half of a joint venture that would control the Kumtor mine. A recent Ontario court ruling may delay the finalization of an agreement. ID:nL6N0SF490 (Reporting by Susan Taylor in Toronto and Nicole Mordant in Vancouver; Editing by Chris Reese and Richard Chang) ((susan.taylor1@thomsonreuters.com; +1 416 941 8083; Reuters Messaging: susan.taylor1.thomsonreuters.com@reuters.net)) Keywords: CENTERRA GOLD RESULTS/

BRIEF-Centerra Gold Q3 loss per share $0.01

October 29, 2014 - reuters.com

Oct 29 (Reuters) - Centerra Gold Inc CG.TO : * Reports third quarter results * Q3 loss per share $0.01 * Q3 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S * Says increased boroo's 2014 gold production guidance to 50,000 ounces * Says company is on track to achieve its revised production and cost guidance for 2014 * Says produced 110,792 ounces of gold in the quarter, including 95,265 ounces at kumtor and 15,527 ounces at boroo * Says 2014 guidance for consolidated gold production has been revised to a range between 600,000 and 650,000 ounces * Estimates that the kumtor mine will produce between 550,000 and 600,000 ounces in 2014 which is unchanged from the previous guidance * In the kyrgyz republic, the company is continuing its discussions with the government" * Is analyzing the potential impact on kumtor's reserves of the buttress constructed to manage the movement of the davidov glacier * Expects that mongolian parliament will consider the designation of gatsuurt as a strategic deposit by the end of 2014 * Says projected capital expenditures for 2014, excluding capitalized stripping, have been revised to $101 million from $86 million * Source text for Eikon ID:nMKWfXqQ6a * Further company coverage CG.TO ((Bangalore Newsroom; +1 646 223 8780))

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