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WASHINGTON, Oct 10 (Reuters) – U.S. Federal Reserve Governor Christopher Waller said private data shows the job market remains weak and buttresses the case for further rate cuts, but added the central bank need only move in "cautious" quarter percentage point steps as it evaluates the economy. Private data, like the recent report from data processor ADP showing the economy lost jobs in September, "are not really representative … but they are all telling the same story. The labor market is weak," Waller said on CNBC's Squawk Box. "We need to cut rates. But we need to be kind of cautious about it … Do 25 (basis points), keep going, see how it goes." (Editing by Alison Williams)

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(Adds aftershock in paragraphs 3-4) * Two killed, some structures damaged * Tsunami warnings lifted for Philippines, Indonesia * Philippine president says search and rescue teams being prepared * Tremors come two weeks after deadliest quake in a decade * Philippines experiences on average of 800 quakes a year By Mikhail Flores MANILA, Oct 10 (Reuters) – A powerful magnitude 7.4 earthquake struck offshore in the southern Philippines on Friday, killing at least two people, while towns near the epicentre suffered structural damage and authorities warned of strong aftershocks. The quake, in waters off the town of Manay in the province of Davao Oriental, triggered a tsunami alert for coasts within 300 km (186 miles) of the epicentre, but the warnings for the Philippines and Indonesia were subsequently lifted. A strong aftershock of magnitude 6.9 struck at around 7 p.m. (1100 GMT) triggering a new tsunami warning, with the country's seismology agency Phivolcs warning of possible tsunami waves in the next two hours that could be more than one metre (3.2 feet) higher than normal tides. People living near coastal areas in the southern Philippines were "strongly advised to immediately evacuate" to higher ground, or move further inland, it said in an advisory. There were initial reports of damage to homes, buildings and bridges, one official in Manay said, although the full extent of the damage in the Philippines was not immediately clear. At least two people were killed, civil defence official Karlo Puerto said by telephone, both in Mati City close to where the quake struck. There were no other reports of casualties from regional disaster offices contacted by Reuters. The quake was among the strongest in recent years to hit the Philippines, which sits on the Pacific "Ring of Fire" and experiences more than 800 quakes each year. It came two weeks after the Philippines experienced its deadliest earthquake in more than a decade with 74 people killed on the central island of Cebu following an offshore quake of magnitude 6.9. VEHICLES SHAKING, GATES RATTLING A video posted on social media and verified by Reuters showed people in the city of Davao calmly holding on to parked vehicles that rocked from side to side as the ground shook, as metal gates rattled nearby. Richie Diuyen, a disaster official in Manay, said the quake lasted 30 to 40 seconds and damaged some homes and the facade of a church, while leaving cracked roads and unpassable bridges. "We couldn't stand earlier. I am 46 years old now, and this is the strongest earthquake I ever felt," Diuyen said by phone. Earlier, President Ferdinand Marcos Jr said authorities were assessing the situation and search-and-rescue teams would fan out once it was safe. "We are working round the clock to ensure that help reaches everyone who needs it," he said in a statement. WARNING OF STRONG AFTERSHOCKS Phivolcs warned of aftershocks as large as magnitude 6.4 and urged people in affected areas to stay away from the shoreline. People in coastal areas had earlier been told to move inland or seek higher ground. Verified footage from the southern Philippines showed workers filing out of buildings to gather in the streets, lamps swaying in shops, and offices with toppled cabinets and workers holding on to desks as structures and fittings around them creaked. Video images from Indonesia's island of Sulawesi showed fishing boats returning from sea and children playing on a beach from which water had receded. Phivolcs revised down the magnitude to 7.4 from an initial figure of 7.6, and put the quake's depth at 23 km (14 miles). The governor of Davao del Norte in the Philippines said people panicked when the earthquake struck. "Some buildings were reported to have been damaged," Edwin Jubahib told broadcaster DZMM. "It was very strong." (Reporting by Mikhail Flores in Manila and Ananya Palyekar and Mrinmay Dey in Bengaluru; Additional reporting by Ananda Teresia and Gayatri Suroyo in Jakarta; Writing by Martin Petty; Editing by John Mair, Clarence Fernandez and Sharon Singleton)

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Oct 10 (Reuters) – China United Network Communications Ltd: * SAYS SHAREHOLDER PLANS TO UNLOAD UP TO 1.2% STAKE BETWEEN NOV 3 AND FEB 3 Source text Further company coverage: (Reporting by Beijing Newsroom)

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Oct 10 (Reuters) – Intrum AB: * ANNOUNCEMENT FROM INTRUM’S EXTRAORDINARY GENERAL MEETING * EGM RESOLVED ON A DIRECTED ISSUE OF NO MORE THAN 1,000,000 SHARES TO SELLERS OF OPHELOS * EGM RESOLVED ON A DIRECTED TRANSFER OF OWN SHARES TO SELLERS OF OPHELOS Source text: Further company coverage: (Gdansk Newsroom)

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Oct 10 (Reuters) – A magnitude 6.5 earthquake struck Mindanao, Philippines, on Friday, the German Research Centre for Geosciences (GFZ) said. The quake was at a depth of 10 km (6 miles), GFZ said. (Reporting by Disha Mishra in Bengaluru; Editing by Alison Williams)

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(Adds details in paragraph 2, 4 background in paragraph 3) Oct 10 (Reuters) – Drugmaker Bristol Myers Squibb said on Friday it will acquire privately held cell therapy developer Orbital Therapeutics for $1.5 billion in cash. The deal adds to Bristol's CAR T-cell therapies, with Orbital's lead experimental candidate OTX-201 that is designed to target autoimmune diseases. CAR-T therapy involves genetically modifying a patient's own immune cells to better recognize and attack specific disease-causing cells in the body. "With the acquisition of Orbital Therapeutics…we have an incredible opportunity to make CAR T-cell therapy more efficient and accessible to more patients," said Lynelle B. Hoch, president, Cell Therapy Organization, at Bristol Myers. (Reporting by Christy Santhosh in Bengaluru; Editing by Vijay Kishore)

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(Adds background on tariffs and competitors, analyst comments in paragraphs 5 and 6) Oct 10 (Reuters) – Levi Strauss & Co shares fell about 7% in premarket trading on Friday as investors focused on the denim maker's warning of a tariff-related hit to its fourth-quarter margin, overlooking a higher annual profit forecast. The margin-hit forecast highlights the impact of the Trump administration's changing trade policies on consumer-facing companies, especially those with suppliers in countries that do not have trade deals with Washington in place yet. While Levi's has capitalized on the resurgence of baggy, loose-fit apparel among Gen Z customers and raised its 2025 sales and profit forecasts on Thursday, the company still warned of a 130-basis-point hit to its fourth-quarter gross margins. The company sources the bulk of its products from South Asia, including Bangladesh, Cambodia and Pakistan – countries that face high tariffs currently. Wall Street analysts called the forecast "conservative," with Barclays analysts saying that the lackluster forecast was despite the company not seeing any adverse changes in shopping trends in September. The stock "move suggests investors left the print disappointed," Morgan Stanley analysts said in a note, adding that the forecast implies that the holiday-quarter sales "will likely look optically worse on tougher compares." Trump's trade policies have also pressured the margins of other retailers such as Ralph Lauren, Abercrombie & Fitch and Coach handbag owner Tapestry. However, companies that cater to more affluent customers face less burden as they can pass on the higher costs to the consumer. Levi's has secured about 70% of its holiday inventory early and slightly raised prices to mitigate tariff impact and prepare for the holiday quarter, executives said in a post-earnings call. It has also broadened its product offerings, leaned into full-price sales and kept a tight leash on inventory to offset weaker consumer sentiment and tariff-related pressures. This has helped the company's stock to climb about 40% so far this year. Its forward price-to-earnings multiple, a common benchmark for valuing companies, is 16.94, compared with Ralph Lauren's 20.59, Abercrombie's 7.48 and American Eagle Outfitters' 11.38. (Reporting by Kanchana Chakravarty and Prerna Bedi in Bengaluru; Editing by Janane Venkatraman and Shinjini Ganguli)

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CHINA'S TAIWAN AFFAIRS OFFICE: LAI'S WORDS, ACTIONS ONLY DISRUPT PEACE, STABILITY IN THE TAIWAN STRAIT – CCTV

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IMF: REACHES STAFF-LEVEL AGREEMENT ON THE FIFTH REVIEW OF THE EXTENDED CREDIT FACILITY WITH GHANA

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Oct 10 (Reuters) – Goldenmax International Group Ltd : * SAYS IT PLANS TO INVEST 616 MILLION YUAN ($86.49 million) TO SET UP UNIT AS PARENT COMPANY FOR COPPER CLAD LAMINATE FIRM Source text Further company coverage: ($1 = 7.1220 Chinese yuan renminbi) (Reporting by Beijing Newsroom)

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