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  • ULAN BATOR, Oct 10- Brow furrowed, eyes glaring and one foot striding forward, the bronze statue of Bolshevik revolutionary Vladimir Lenin at the heart of the Mongolian capital of Ulan Bator was once a potent symbol of the reach of the Soviet Union.

  • UPDATE 2-Putin backs Russian push for Iraqi oil Wednesday, 10 Oct 2012 | 12:10 AM ET

    *Gazprom Neft still interested in Kurdistan- sources. NOVO-OGARYOVO, Russia, Oct 10- President Vladimir Putin lobbied Iraq's prime minister on Wednesday to support Russian energy investment, as the oil arm of gas export monopoly Gazprom pushes for a foothold in the semi-autonomous region of Kurdistan.

  • ULAN BATOR, Oct 10- Brow furrowed, eyes glaring and one foot striding forward, the bronze statue of Bolshevik revolutionary Vladimir Lenin at the heart of the Mongolian capital of Ulan Bator was once a potent symbol of the reach of the Soviet Union.

  • Indian FX/debt factors to watch - Oct 10 Tuesday, 9 Oct 2012 | 11:13 PM ET

    *Asian shares fell on Wednesday, led by losses in technology and materials stocks after brokerage downgrades for top chip maker Intel Corp. *Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East.

  • Putin backs BP's sale plan for TNK-BP - FT Tuesday, 9 Oct 2012 | 9:28 PM ET

    LONDON, Oct 10- Russian president Vladimir Putin backs BP's plan to sell its 50 percent stake in TNK-BP. Sechin said, without giving a full direct quote, that President Putin endorsed the idea at a meeting in Russia last month with BP's top executives.

  • PRESS DIGEST - British business - Oct 10 Tuesday, 9 Oct 2012 | 8:29 PM ET

    The merger between BAE Systems and EADS was teetering on Tuesday as the chief executive of the British group flew into Toulouse ahead of an expected plea for more time to thrash out a deal. The Telegraph CAMERON: IT'S SINK OR SWIM FOR UK. BAE MEGA-MERGER HANGS IN BALANCE The mega-merger between BAE Systems and EADS.

  • Top US ag negotiator: Farm exports likely down $1B Tuesday, 9 Oct 2012 | 7:55 PM ET

    STUTTGART, Ark.-- The nation's top agricultural negotiator said Tuesday that he expects farm exports to be down between $1 billion and $2 billion this year because of the drought. He added that he doesn't believe a one-year dip would lead to a lasting slowdown in sales to Asia, where China is a major buyer of U.S. dairy and meat, or elsewhere.

  • LONDON, Oct 9- Russia aims to bring on line 1.4-2 million barrels of oil equivalent per day with new tax reforms designed to reduce the levy on future projects and codify ad-hoc discounts currently in force, Energy Minister Alexander Novak said on Tuesday. Tax holidays extended under the packages are expected to cover 50 fields in East Siberia.

  • BRUSSELS, Oct 9- NATO has plans in place to defend Turkey against attack from Syria, and will aim to provide assistance if Ankara asks for it, senior officials said on Tuesday. NATO ambassadors threw their support behind Turkey in an emergency meeting last week after Syrian shells struck a border town in Turkey killing five civilians.

  • Med Crude-Urals stronger in Baltic on arbitrage Tuesday, 9 Oct 2012 | 1:17 PM ET

    *Azeri Nov exports to rise, Iraq cuts OSP for Europe. In the Platts window, BP bid in the Baltic for an Oct 22-26 Urals cargo at dated Brent minus $1.30 a barrel, some 30 cents stronger than on Monday, and Exxon bid for an Oct 20-24 cargo at dated Brent minus $1.35, traders said.

  • IOC panel in Sochi for check on 2014 preparations Tuesday, 9 Oct 2012 | 11:50 AM ET

    SOCHI, Russia-- With the opening of the 2014 Winter Olympics less than 500 days away, IOC officials are back in Russia to check on preparations in Sochi. The IOC coordination commission began a three-day visit to the Black Sea resort Tuesday to inspect progress in construction, transportation, accommodation and other key areas.

  • UPDATE 2-TNK-BP oligarchs try to dodge Rosneft Tuesday, 9 Oct 2012 | 11:05 AM ET

    By Andrew Callus and Douglas Busvine. LONDON/ MOSCOW, Oct 9- The billionaires who co-own Russian oil venture TNK-BP and want to buy out partner BP have told the British company they would rather sell their half of the $50 billion business than end up in a devalued partnership with state-backed rival bidder Rosneft.

  • UPDATE 1-Russian assets buoyed by oil rally Tuesday, 9 Oct 2012 | 10:50 AM ET

    MOSCOW, Oct 9- Russian equities turned positive on Tuesday, supported by an upturn in oil prices, while telecoms stocks edged higher following a $2 billion IPO announcement by mobile operator Megafon.

  • Rosneft says discusses trading issues with Gunvor Tuesday, 9 Oct 2012 | 10:40 AM ET

    MOSCOW, Oct 9- Russia's top crude producer Rosneft said on Tuesday its powerful chief executive Igor Sechin met the co-owners of international oil trading house Gunvor to discuss "trading issues", amid reports of a rift between Sechin and Gunvor's co-owner Gennady Timchenko.

  • TEXT-Fitch rates Russian Railways' notes 'BBB' Tuesday, 9 Oct 2012 | 10:27 AM ET

    Oct 9- Fitch Ratings has assigned RZD Capital Limited's 8.30% RUB loan participation notes due 2019 and 5.70% USD LPNs due 2022 senior unsecured' BBB' ratings. The new LPNs are to be consolidated and form a single series with the outstanding RUB25bn 8.30% LPNs due 2019 and USD1bn 5.70% LPNs due 2022 respectively.

  • TEXT-S&P raises BANK ROSSIYA's ratings to 'BB-/ruAA-' Tuesday, 9 Oct 2012 | 10:09 AM ET

    Rating Action On Oct. 9, 2012, Standard& Poor's Ratings Services raised its long-term issuer credit rating on BANK ROSSIYA to' BB-' from' B+' and affirmed its short-term rating at' B'. We also raised the Russia national scale rating on BANK ROSSIYA to' ruAA-' from' ruA'.

  • Poland, which hopes tapping into previously inaccessible shale gas reserves will reduce its reliance on costly gas supplies from Russia, has postponed the publication of the law several times in the past few months.

  • BELGRADE, Oct 9- Serbia's central bank raised its benchmark interest, already the region's highest, by 25 basis points to 10.75 percent on Tuesday, reflecting rising inflation and debt concerns.

  • *Fifteen firms, consortium bid for Cyprus offshore blocks. NICOSIA, Oct 9- Cyprus is close to short-listing companies bidding for offshore oil and gas contracts in the energy-rich east Mediterranean, officials said on Tuesday.

  • MOSCOW, Oct 9- Russia's No.2 crude producer LUKOIL said on Tuesday the Iraqi government has approved the geologic exploration, development and production contract for Block 10 in the southern part of the country. LUKOIL already works at giant West Qurna-2 oilfield in Iraq.