Europe News Europe

  • Oct 3- Moody's says Slovenia's banking system outlook remains negative.

  • AMSTERDAM, Oct 3- The Dutch central bank announced new plans for how pension funds should calculate their long-term liabilities on Wednesday, in a move that could reduce demand for long-term government debt.

  • Oil fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. Benchmark oil fell $3.75, or 4.1 percent, to $88.14 per barrel Wednesday in New York.

  • Brent November crude fell $3.40, or 3.05 percent, to settle at $108.17 a barrel, having traded from $107.67 to $111.36.

  • NEW YORK, Oct 3- U.S. crude futures fell $4.00 in post-settlement trading on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and curbed demand for oil and pressured prices.

  • *Albania to fund power imports by state-run KESH. Supply is at risk in hydro-power dependent Albania after CEZ Shperndarje, which has been in a dispute with the government over prices it can charge to final consumers, did not import electricity in September.

  • NEW YORK, Oct 3- U.S. crude futures fell 4 percent on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth, even after data showed U.S. crude stocks rose and other supportive U.S. data strengthened the dollar.

  • *Economy Minister to meet potential investors in London. MADRID, Oct 3- Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a' bad bank' that will house billions of euros of the country's soured real estate assets.

  • is entering into a US $100 million revolving credit facility and a US $250 million term loan to refinance its existing credit facilities as part of its C $1.1 billion management buyout, backed by funds from London- based private equity investor Apax Partners LLP.

  • MILAN, Oct 3- The troubled Italian smelter of aluminium group Alcoa will be able to continue using special contracts allowing it to buy electricity at lower prices until 2015 following a decision on Wednesday by the European Commission.

  • *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening outlook for petroleum demand, even as supportive U.S. data strengthened the dollar.

  • FRANKFURT, Oct 3- Abu Dhabi based airline Etihad Airways is urging German peer Air Berlin, in which it holds some 30 percent, to offer joint flights with Air France, German paper Sueddeutsche Zeitung reported, citing Etihad's chief executive.

  • *September sales down 21 pct in Toronto. TORONTO, Oct 3- Canada's post-recession property boom is displaying fresh signs of weakness, impeded by recent government mortgage-rule changes, with sales volumes dropping even as average prices rise, industry reports released on Wednesday showed.

  • By Huw Jones and Steve Slater. LONDON, Oct 3- The European Union's banking watchdog is sticking to a capital target for banks to help shield them from the euro zone debt crisis, saying lenders that fall short won't be able to pay dividends or big bonuses.

  • *Benchmark euro interbank rates hit record lows. ADVISORY- Reuters plans to discontinue its daily report on the money markets in New York as of Oct. 15.

  • Light synthetic crude for November delivery last sold for $9.75 a barrel over benchmark West Texas Intermediate, compared with $12 a barrel over WTI on Tuesday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $11 a barrel under WTI, an 80- cent wider discount than on Tuesday.

  • *Illumina machine turns around diagnosis in two days in pilot study. Stephen Kingsmore, director of the Center for Pediatric Genomic Medicine at Children's Mercy medical center in Kansas City, Missouri, whose study was published in the journal Science Translational Medicine.

  • By Dina Kyriakidou and Lefteris Papadimas. ATHENS, Oct 3- Greece's hopes of striking a deal with its lenders before euro zone finance ministers meet next week dimmed on Wednesday, when officials admitted the two sides disagree on how much the economy will contract in 2013- a key figure in their calculations.

  • LONDON, Oct 3- Britain's Halfords Group picked former Pets at Home boss Matt Davies as its new chief executive, to drive a sales recovery at the car parts and cycles retailer.

  • Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.