Sandvik profit tops forecast as mining bucks industrial slump

STOCKHOLM (Reuters) - Metal-cutting tools and mining gear maker Sandvik reported third-quarter core earnings above market forecasts on Friday as strong demand in the mining and oil industries helped offset slumping automotive and engineering markets. Worries over the extent of a downturn in industrial demand have risen in recent weeks as weaker purchasing manager indices in the United States and Europe, Sandvik's two biggest markets, came on top of a slowdown in China."Demand in the..