FRANKFURT, Oct 9- Germany's markets regulator Bafin on Tuesday said a deadline to establish a euro zone bank regulator by January 1, 2013 will likely be delayed by a year. But Elke Koenig, head of Germany's markets regulator said such a deadline was unrealistic.
FRANKFURT, Oct 9- Germany's markets regulator Bafin on Tuesday said a deadline to establish a E urozone bank regulator by January 1, 2013 will likely be delayed by a year. But Elke Koenig, head of Germany's markets regulator said such a deadline was unrealistic.
BRUSSELS, Oct 9- European Central Bank President Mario Draghi testified at the European Parliament's Economic and Monetary Affairs Committee on Tuesday. Following are highlights of his comments. ON THE EURO ZONE ECONOMY:.
*Flows drop to Germany, Belgium and Britain. Exports to Europe including Britain dropped by 8.7 million cubic metres to 271.3 mcm per day by 0600 GMT compared with the 280 mcm daily average on Monday. The 70 mcm capacity plant processes gas from the giant offshore Ormen Lange gas field before it is shipped to Britain and continental Europe.
PRAGUE, Oct 9- Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday. said on Monday that concentrating on core markets of Belgium and eastern Europe should increase its profitability after it has weaned itself off most state aid.
BRATISLAVA, Oct 9- Here are news stories, press reports and events to watch which may affect Slovak financial markets on Tuesday. The country's statistics office will publish August foreign trade balance data, 0700 GMT.
PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.
BRUSSELS, Oct 9- Belgian chemicals and plastics group Tessenderlo said on Tuesday that it planned to sell its pharmaceutical ingredients business to private industrial holding International Chemical Investors Group.
BRUSSELS, Oct 9- British Defence Secretary Philip Hammond said on Tuesday he expects BAE Systems and EADS. to announce before the London stock market opens on Wednesday whether to seek more time for talks on a $45 billion merger.
BRUSSELS, Oct 9- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms First Reserve Management and SK Capital Partners to acquire indirect joint control of petrochemical product maker TPC.
BRUSSELS, Oct 9- The euro zone should have its own budget, which would be separate from the long-term budget of the wider European Union, draft conclusions of an EU summit to take place next week said. The Multiannual Financial Framework is the European Union's long-term budget which amounts to around 1 percent of the gross domestic product of the 27- nation bloc.
BRUSSELS, Oct 9- The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
*Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France. PARIS/ LONDON, Oct 9- France and Britain made a breakthrough over state shares in a merger between EADS and BAE Systems, making an extension of a deadline for negotiations more likely but putting the two nations on a collision course with Germany.
*NATO seeks ways to make scarce funds go further. *NATO chief calls for rises in defence spending post-austerity. BRUSSELS, Oct 9- NATO ministers wrestled on Tuesday with how to prevent austerity-driven defence cuts in many member countries from undermining the power of the 63- year-old Western alliance.
By John O'Donnell and Edward Taylor. LUXEMBOURG/ FRANKFURT, Oct 9- European Union ministers examined a proposal on Tuesday to limit planned new powers for the European Central Bank to supervise lenders, in a bid to allay the concerns of countries outside the euro zone over a new banking union.
Reckitt Benckiser admitted that it had failed to disclose that its chief executive had pledged more than 7 million pounds of shares as collateral for a personal loan more than two years ago.
BRUSSELS, Oct 8- LUXEMBOURG, Oct 8- Euro zone finance ministers met in Luxembourg on Monday to discuss Greece, Spain, Portugal and other issues related to the region's debt crisis.
BRUSSELS, Oct 8- The euro zone economy will shrink more than expected this year and barely grow in 2013 because of an escalation of the sovereign debt crisis, which will remain the main risk to growth, the International Monetary Fund said on Monday.
BRUSSELS, Oct 8- Euro zone finance ministers signed off on a further tranche of financial aid to Portugal on Monday and said the country was working hard to put in place the budget cuts and structural economic adjustments demanded of it.
BRUSSELS, Oct 8- The European Commission wants to revive the European Union's declining manufacturing sector by asking countries to invest heavily in new technologies such as 3 D printing, says a leaked paper seen by Reuters.