The euro isn't the first monetary union for Europe, but it could be the last—for a while, says author Kabir Sehgal.» Read More
BRUSSELS, Oct 3- European leaders have clearly agreed that the euro zone's rescue fund, the European Stability Mechanism, should be able to directly recapitalise banks once a supervisory mechanism has been put in place, the president of the European Commission said on Wednesday.
*Glencore bidding for shares in Xstrata not already owned. BRUSSELS/ LONDON, Oct 3- EU antitrust regulators have set a Nov. 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe.
BRUSSELS, Oct 3- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --Private equity firms Carlyle and BC Partners to acquire U.S. industrial pumps maker Hamilton Sundstrand Industrial which is owned by United Technologies Corp.
*Retail trade rises 0.1 pct in August from July. BRUSSELS, Oct 3- Retail sales in the euro zone barely rose in August as motorists cut back spending on fuel during the normally busy driving months of the European summer, worried about the economy's slide towards recession.
BEIJING, Oct 3- China quietly deferred a request by North Korea for its young leader to visit last month because the Chinese leadership was preoccupied with its once-in-a-decade leadership change and a host of other distractions, two independent sources said.
BRUSSELS, Oct 3- EU competition regulators cleared on Wednesday public loans granted to German carrier Lufthansa and Munich Airport to build a second terminal, saying the companies paid market rates for the loans. The European Commission opened an investigation into the matter four years ago following a complaint from Irish low-cost airline Ryanair.
BRUSSELS, Oct 3- Banking supervision, the single market, a centralised euro zone budget, a single bank resolution fund, direct recapitalisation of banks from rescue funds and much stricter fiscal oversight.
BRUSSELS, Oct 3- Greek gambling monopoly OPAP. "Greece has cooperated fully with the Commission to ensure that OPAP will not benefit from any undue financial advantage through the prolongation of its exclusive rights and its license for video lottery terminals," EU Competition Commissioner Joaquin Almunia said in a statement.
BRUSSELS, Oct 3- Retail sales in the euro zone barely rose in August as motorists cut back on spending on fuel during the normally busy driving months of the European summer, reflecting the weak economy as it heads into recession.
BRUSSELS, Oct 3- The European Union's Statistics Office released on Wednesday the following retail sales data for the 17 countries in the euro zone and the broader, 27- nation European Union for August:.
BRUSSELS, Oct 3- EU antitrust regulators will decide by Nov. 8 whether to clear commodities trader Glencore's. $33 billion takeover of miner Xstrata, the European Commission said on its website on Wednesday.
BRUSSELS-- A 24- hour strike by Belgian rail workers on Wednesday paralyzed train traffic throughout Belgium and the international high-speed service to London and Paris.
OSLO, Oct 3- Norwegian gas exports rose to Germany and France on Wednesday morning, data from Norway's gas system operator Gassco showed. Total exports to Europe including Britain were up by 19.8 million cubic metres to 291.8 mcm per day at 0600 GMT, compared with an average a day before.
BRUSSELS, Oct 3- Heineken NV said on Wednesday it had cancelled a 2.5 billion euro bridge loan to fund its acquisition of Asia Pacific Breweries after the issue of dollar-denominated notes.
BRUSSELS, Oct 3- KBC Groupe SA:. *KBC says EBA test shows KBC bank meets the 9 percent core tier 1. ratio including the sovereign buffer.
Financial Times Headlines BLOW FOR BRITAIN'S NUCLEAR REVIVAL- MILIBAND INVOKES' ONE NATION BRITAIN'- US STEPS UP PROBES ON INSIDER TRADING- FSA TO TIGHTEN UP LISTING RULES- DEUTSCHE TELEKOM EYES DEAL FOR US UNIT- L&G INVESTMENT ARM TARGETS PAY MASTERS- PE GROUPS EYE BANK DEAL IN EUROPE- EU REVIEW WANTS BANKING TRADING RINGFENCED- EU DRAFT URGES CONTRACTS FOR EURO STATES- FRENCH REVOLT AGAINST NEW TAX GOES VIRAL- Overview BLOW FOR BRITAIN'S NUCLEAR REVIVAL.
is in talks to merge its T-Mobile USA unit with smaller rival MetroPCS, in a move that could pave the way for the German company to eventually exit the U.S. wireless market.
LONDON, Oct 2- Trader Glencore has formally notified the European Commission of its $33 billion plan to take over miner Xstrata, sources familiar with the matter said, after months of preliminary talks designed to pave the way for a swift approval.
*Deutsche Telekom shares up 1.3 pct, MetroPCS up 17 pct. By Edward Taylor and Nadia Damouni FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom. is in talks to merge its T-Mobile USA unit with MetroPCS and take a majority stake in the combined wireless service provider, the German company said on Tuesday.
BERLIN-- Germany's government appears to be putting the brakes on any request by Spain for help from its European partners in managing its debts, wary that its lawmakers might balk at having to vote on yet another bailout for a struggling eurozone nation.