Europe News Europe

  • AMSTERDAM, Oct 9- When Koen Olthuis finally landed his first job after graduating as an architect, his new firm wouldn't let him work on the most historic or prestigious accounts in Amsterdam's 17th century centre.

  • ATHENS, Greece-- Greece's debt management agency says the country's short-term borrowing costs have inched down in a new treasury bill auction that raised 1.3 billion.

  • TBILISI, Oct 9- Power in Georgia has peacefully changed hands after a tense parliamentary election but as the next government takes shape under billionaire Bidzina Ivanishvili, the likely prime minister, businesspeople face political uncertainty. "All businessmen have mixed feelings," said Fadi Asli, head of the International Chamber of Commerce in Georgia.

  • *Budapest says "will not surrender Hungary's independence". *Hungary in talks on multi-billion euro IMF/EU funding deal.

  • STOCKHOLM, Oct 9- Swedish engineering group Sandvik has looked at a possible sale of its Sandvik Materials Technology business but decided not to proceed with a deal, a company spokesman said on Tuesday.

  • ISTANBUL, Oct 9- The Turkish lira eased slightly and bond yields inched down on Tuesday as a surprise fall in August industrial output and a cut in official growth forecasts suggested the central bank will keep monetary policy loose for longer.

  • LONDON, Oct 9- Slovenia has hired BNP Paribas, Deutsche Bank and JP Morgan to arrange investor meetings in the United States ahead of a critical dollar bond issue, according to banking sources.

  • *Nordic spot price for Wed seen at 36.4 euros/ MWh. Tuesday delivery was seen firming to 36.4 euros per megawatt-hour, compared with 33.5 euros on Monday. Combined windpower output in Denmark and Sweden was forecast to fall from around 3,000 MW on Tuesday to 1,600 MW on Wednesday, while colder weather was to boost consumption by 850 MW to 44,200 MW.

  • BELGRADE, Oct 9- Serbia's central bank increased its benchmark interest rate by 25 basis points to 10.75 percent on Tuesday, reflecting concerns over rising inflation and debt.

  • *Trade balance f'cast $20.7 bln vs Aug $26.7 bln. Analysts say shrinking global demand as the debt crisis festers in Europe- the single biggest overseas market for Chinese goods- and a slower-than-expected recovery in the U.S. economy would continue to be a major drag on China's export growth at least for the rest of the year.

  • BRUSSELS, Oct 9- The head of NATO said on Tuesday the military alliance had plans in place to defend Turkey against attack if needed. "We have all necessary plans in place to protect and defend Turkey if necessary," Secretary-General Anders Fogh Rasmussen told reporters before a meeting of the alliance's defence ministers in Brussels.

  • LONDON, Oct 9- Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.

  • October 09- Following are terms and conditions. of an FRN priced on Tuesday.

  • An important factor in the New Zealand dollar's favour is the performance of prices for the country's main commodity exports. Dairy prices, an important export for New Zealand, are set to remain high and New Zealand's dairy industry may benefit more than usual given U.S. rivals have been hit by the worst drought in half a century.

  • "There are no cuts in the nuclear power sector but at E.ON fuel-fired power plants," a CGT official said, without making clear where the cuts had taken place and for what capacity. German power group E.ON also announced last year that it would close four out of seven coal plants that it operates in France.

  • LONDON, Oct 9- Iraq's oil exports are expected to rise to their highest in decades this month and production is on course to more than double by 2020, as it cements its place as OPEC's second-biggest producer after Saudi Arabia.

  • October 09- Following are terms and conditions. of a bond priced on Tuesday.

  • HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.

  • MADRID, Oct 9- Spanish gas company Gas Natural. was pricing on Tuesday a four-year 500 million euro bond at mid-swaps plus 335 basis points, according to IFR Markets, a Thomson Reuters news and market analysis service. The banks handling the sale are Barclays, CaixaBank, Citigroup, Mitsubishi and Societe Generale.

  • *Oil jumps on supply concerns as Middle East tension mounts* Uncertainty over Spain and Greece pressures euro By Richard Hubbard. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.