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  • Oct 10- U.S. tax preparer H&R Block Inc said it is exploring strategic alternatives for H&R Block Bank, which could result in the company no longer being regulated by the Federal Reserve as a savings and loan holding company. H&R Block said it does not expect any material impact on its earnings for fiscal 2013..

  • *Gazprom already ships 1.6 million tonnes of LNG a year to KOGAS. MOSCOW, Oct 9- Gazprom said on Tuesday it has signed an agreement to sell liquefied natural gas to Korea Gas Corporation, as it strengthens its position in Asian markets.

  • CANBERRA, Oct 10- India's GVK Power and Infrastructure cleared a major hurdle for a A $10 billion coal project in Australia, winning federal government approval for the construction of a new export terminal in Queensland state.

  • TABLE-India cbank says no bids at reverse repo auction Wednesday, 10 Oct 2012 | 8:33 AM ET

    The Reserve Bank of India said on Wednesday it did not get any bids at its one-day reverse repo auction, through which it absorbs excess cash from the banking system. Earlier in the day, it accepted all 25 bids for 633.25 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system.

  • Retailer Wet Seal names Clinton Group nominee as chairman Wednesday, 10 Oct 2012 | 8:26 AM ET

    Oct 10- Clothing retailer Wet Seal Inc named a Clinton Group nominee as chairman of its board, after replacing four of its board members with the activist investor's nominees last week.

  • UPDATE 2-Denim maker True Religion says exploring sale Wednesday, 10 Oct 2012 | 8:14 AM ET

    Oct 10- Jeans maker True Religion Apparel Inc, which has been hit by falling sales, said it may sell itself, after receiving interest from potential buyers. Shares in the company jumped 28 percent to $26.88 in premarket trade on Wednesday, valuing it at about $683 million.

  • India's HDFC to raise up to 10 bln rupees via bonds Wednesday, 10 Oct 2012 | 7:53 AM ET

    MUMBAI, Oct 10- India's Housing Development Finance Corp plans to raise up to 10 billion rupees through five-year bonds with a put option at the end of 13- months at 9 percent, a source with direct knowledge of the matter said on Wednesday. The base size of the issue is 7.5 billion rupees with a greenshoe of 2.5 billion rupees, the source said.

  • Indian shares fall on S&P warning Wednesday, 10 Oct 2012 | 7:49 AM ET

    *S&P says India still faces risk of rating downgrade. *India FY13 car sales growth f'cast slashed to 1-3 pct. S&P said the recent reform steps initiated by the government had helped in "slightly" revising its view on the country's credit rating, but warned India still faced a one-in-three chance of a credit rating downgrade within the next 24 months.

  • India's Apr-Sept direct tax receipts up 5.9 pct y/y Wednesday, 10 Oct 2012 | 7:44 AM ET

    New Delhi, Oct 10- India's gross direct tax receipts rose about 5.9 percent to 2.7 trillion rupees during the first half of the current fiscal year, from a year earlier, on higher income tax and wealth tax revenues, a government release said.

  • Turkish power grid Gediz attracts 13 bidders Wednesday, 10 Oct 2012 | 7:39 AM ET

    ISTANBUL, Oct 10- Turkey's Enerjisa and India's Tata Power were among 13 groups pre-qualified in the privatisation of Gediz EDAS, the power distributor in the western cities of Izmir and Manisa, Turkey's privatisation agency said on Wednesday.

  • Oct 10- Danaher Corp and Cooper Industries agreed to sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion, joining the growing trend among U.S. conglomerates to shed non-core assets.

  • UPDATE 1-Denim maker True Religion says exploring sale Wednesday, 10 Oct 2012 | 7:20 AM ET

    Oct 10- Denim maker True Religion Apparel Inc. True Religion said it formed a special committee comprised of its non-management directors and engaged Guggenheim Securities LLC as financial adviser and Greenberg Traurig LLP as legal counsel to assist in the review process.

  • Oct 10- An Oklahoma court ordered JP Morgan Chase& Co to restore ExxonMobil shares, valued at about $20 million, to a trust for causing substantial losses through "ill-advised" investments.

  • Oct 10- Danaher Corp and Cooper Industries said they will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion. Danaher and Cooper each own a 50 percent stake in Apex, which makes Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings Corp's Craftsman brand.

  • MOVES-Barclays, Heartwood Investment Management Wednesday, 10 Oct 2012 | 6:58 AM ET

    JPMORGAN CHASE INC The U.S. bank has hired Ahmed Saeed from Nomura Holdings. The investment bank appointed Peter Young AM as chairman of Barclays Bank Plc. He was the chairman of investment banking in Australia and New Zealand at ABN AMRO and a member of the advisory board at Royal Bank of Scotland in Australia.

  • Industry group cuts India car sales forecast Wednesday, 10 Oct 2012 | 6:44 AM ET

    MUMBAI, India-- Car sales in India may grow just 1 percent this fiscal year, down from a July forecast of around 10 percent as the economy falters, the Society of Indian Automobile Manufacturers said Wednesday. India's rural economy has been a bulwark of strong consumption amid global uncertainty.

  • *Looming risk to safe-haven flows to U.S., Japan* IMF tone in contrast to more upbeat mood in Europe* IMF says global financial confidence "very fragile".

  • UPDATE 1-Danaher, Cooper to sell tools JV to Bain Capital Wednesday, 10 Oct 2012 | 6:34 AM ET

    Oct 10- Danaher Corp and Cooper Industries said they will sell their hand and power tools joint venture, Apex Tool Group, to Bain Capital for about $1.6 billion. Danaher and Cooper each own a 50 percent stake in Apex, which makes Crescent wrenches, Lufkin measuring tapes and hand tools for Sears Holdings Corp's Craftsman brand.

  • India DLF shares tumble amid accusations of undue favours Wednesday, 10 Oct 2012 | 6:33 AM ET

    MUMBAI, Oct 10- Shares in India's biggest property developer DLF Ltd slumped on Wednesday, a day after an anti-graft activist alleged that the company received undue favours from the government in the northern state of Haryana.

  • NEW DELHI, Oct 10- Russia delayed delivery of a trouble-plagued aircraft carrier for at least a year on Friday, a blow to India's efforts to quickly build up naval strength as increasingly assertive Asian rival China expands its maritime reach.