Syrian Kurdish-led authority: 275,000 displaced by Turkish offensive

BEIRUT (Reuters) – More than 275,000 people have been displaced because of a Turkish offensive that began last week in northeast Syria, the region’s Kurdish-led authority said on Tuesday.

That number includes more than 70,000 children, it added in a statement.

Turkey CDS fall after softer-than-expected U.S. sanctions over Syria push

LONDON, Oct 15 (Reuters) – The cost of insuring exposure to Turkey’s sovereign debt fell on Tuesday after Washington imposed softer-than-expected sanctions over Ankara’s military push into Syria.

The five-year credit default swaps (CDS) declined 11 basis points (bps) from Monday’s close to 405 bps, according to data from IHS Markit. (Reporting by Karin Strohecker, editing by Libby George)

German government lowers 2020 GDP growth forecast to 1% – source

BERLIN, Oct 15 (Reuters) – The German government has lowered its 2020 forecast for economic growth to 1.0% from 1.5% before, a source familiar with the projection told Reuters on Tuesday.

The person added that Berlin is still seeing this year’s gross domestic product (GDP) growth at 0.5%. (Reporting by Michael Nienaber and Holger Hansen; writing by Thomas Seythal; editing by Alexander Ratz and Thomas Escritt)

Kurdish SDF says 23 killed in fighting with Turkish forces on Monday: statement

BEIRUT (Reuters) – The Kurdish Syrian Democratic Forces (SDF) said 23 of its soldiers were killed fighting Turkish forces in northern Syria on Monday.

The statement did not say how many have been killed in total since the start of the Turkish incursion into northeast Syria last week.

Gold up marginally by ₹5, silver falls ₹91

Gold prices rose marginally higher by ₹5 to ₹39,105 per 10 gram; Silver fell by ₹91 to ₹46,809 per kilogram

Gold witnessed muted trading on October 15, rising marginally higher by ₹5 to ₹39,105 per 10 gram in the national capital as a weaker rupee kept the downside limited, according to HDFC Securities.

“Spot gold prices for 24 Karat in Delhi were trading marginally up by ₹5 at ₹39,105 as weaker rupee kept the downside limited. Spot rupee was trading 10 paise weaker against the dollar during the day,” Tapan Patel, senior analyst – commodities, HDFC Securities said.

The yellow metal had closed at ₹39,100 per 10 gram in the previous trade in New Delhi.

Silver, however, fell by ₹91 to ₹46,809 per kilogram from ₹46,900 per kilogram on October 14.

In the global market, gold was trading higher at $1,493.30 an ounce, while silver too firmed up at $17.62 per ounce.

“International gold prices were trading firm for the day on rising doubts over first phase of U.S.-China trade deal after China signalled to hold more discussions before signing the agreement,” Mr. Patel said.

Beyond Meat to be added to Illegal Burger menu

West Coast Ventures Group Corp. WCVC, -5.95% (WCVC) said Tuesday that it’s adding Beyond Meat Inc. BYND, -3.87% plant-based burgers to the menus at the Illegal Burger chain. WCVC reported more than $3 million in restaurant sales last year, and is expanding with franchise sales taking place in 31 states. Beyond Meat stock has fallen 24.2% over the last three months while the S&P 500 index SPX, -0.14% is down 1.6% for the period.

First Republic Bank Q3 Profit Tops Estimates; Revenues Up 8.9% – Quick Facts

First Republic Bank (FRC) reported third-quarter earnings per share of $1.31, up 10.1 percent from previous year. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $1.21, for the quarter. Analysts’ estimates typically exclude special items.

For the third-quarter, total revenues were $837.2 million, up 8.9 percent compared to the third quarter a year ago. Analysts expected revenue of $829.97 million for the quarter.

The Bank declared a cash dividend for the third quarter of $0.19 per share of common stock, which is payable on November 14, 2019 to shareholders of record as of October 31, 2019.

AMC Theatres launches streaming service for members of its loyalty program with 2,000 films to buy or rent

AMC Theatres AMC, -2.93%, the biggest cinema chain in the U.S., said it is launching a streaming service that will allow its AMC Stubs members to rent or buy about 2,000 digital films. The company said its film library includes films from every major studio and is available to members of its Stubs loyalty program starting today. Later in the year, the service will include films from AMC Networks’ AMCX, -2.40% IFC Films and RLJE Films, and AMC Theatres will promote AMC Networks’ targeted streaming services, marking the first cross-platform marketing between the two companies. Customers can rent or buy films through the AMC Theatres mobile app, Roku and SmartTVs with more services and devices to be added in the future. "With more than 20 million AMC Stubs households, and with our web site and smartphone apps already being visited hundreds of millions of times annually by movie fans, AMC Theatres is in a unique position to promote specific movies with greater personalization than has ever been possible before," AMC Theatres Chief Executive Adam Aron said in a statement. AMC shares rose 0.6% in premarket trade, but are down 27% in 2019 through Monday, while the S&P 500 SPX, -0.14% has gained 18%.