UPDATE 3-Canada's Magna posts higher profit, raises forecast

* Demand increases in Europe and Asia * Fiscal-year sales forecast raised for 2nd time in 3 months (Adds comments from call) Aug 11 (Reuters) - Magna International Inc reported a higher quarterly profit on increased demand in Europe and Asia, and the Canadian auto parts maker raised its full-year sales forecast for the second time in three months. Chief Executive Officer Don Walker told analysts on Friday that Magna would still focus on ...

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