TRADE TALKS: Chinese trade officials left Washington on Wednesday without a deal regulating apparel and textile imports surging into the U.S. But the two sides appeared to move closer to an accord. "Our discussions this week have yielded substantial progress on a large number of issues," David Spooner, special textile negotiator for U.S. Trade Representative Rob Portman, said in a statement. After three full days of talks, the Chinese delegation flew back to Beijing to work on a few sticking points, although the major issues appear to have been resolved, people familiar with the talks said. It was unclear at press time whether the U.S. would extend discussions or announce a decision on whether it would impose quotas on five safeguard categories: swimwear, socks, nightwear and pajamas, skirts and women's and girls' woven shirts.

SOLID HENKEL QUARTER: The Henkel Group reported a strong third quarter, with operating profits for its cosmetics and toiletries division surging 14.7 percent to 80 million euros, or $95.9 million at average exchange. Sales rose 4.1 percent to 681 million euros, or $816 million, after adjustments for foreign exchange — an increase the company wholly attributed to organic growth. Meanwhile, earnings before interest and taxes for the Henkel Group, which includes laundry and home care, consumer and craftsman adhesives and Henkel technologies divisions, grew by 17.7 percent in the quarter ended Sept. 30, after adjusting for foreign exchange. Group sales rose a nominal 13.2 percent to 3.14 billion euros, or $3.76 billion, with organic growth after currency adjustment and acquisitions and divestitures placed at 5.8 percent.

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