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  • RPT-Selling Irish business not an option - KBC CEO Monday, 8 Oct 2012 | 6:46 AM ET

    BRUSSELS, Oct 8- Belgian banking group KBC. "It is presently not an option to sell our Irish business," Chief Executive Johan Thijs told a press conference on Monday. KBC recorded 136 million euros in loan loss provisions in its Irish business during the second quarter, down from 195 million in the first quarter.

  • Selling Irish business not an option - KBC CEO Monday, 8 Oct 2012 | 6:45 AM ET

    BRUSSELS, Oct 8- Belgian banking group KBC. "It is presently not an option to sell our Irish business," Chief Executive Johan Thijs told a press conference on Monday. KBC recorded 136 million euros in loan loss provisions in its Irish business during the second quarter, down from 195 million in the first quarter.

  • BRUSSELS, Oct 8- Belgian banking group KBC. KBC, which took 7 billion euros from Belgium and the region of Flanders during the 2008-09 financial crisis, needs to repay 4.67 billion euros of principal, plus penalties, by the end of 2013..

  • Hutchison, EU to talk on Orange Austria bid-source Monday, 8 Oct 2012 | 6:01 AM ET

    BRUSSELS, Oct 8- Hutchison 3 G will seek to convince doubting EU regulators of the merits of its 1.3- billion-euro bid for France Telecom's.

  • BRUSSELS, Oct 8- Euro zone finance ministers will launch their 500 billion euro permanent bailout fund on Monday, putting in place a major defence against the debt crisis that now threatens Spain.

  • European shares fall on Asian growth concerns Monday, 8 Oct 2012 | 4:30 AM ET

    *World Bank cuts growth view on East Asia/Pacific. LONDON, Oct 8- European shares fell early on Monday, surrendering most of the previous session's gains on a downgraded growth outlook for Asia and as investors started to position for a weak earnings season.

  • *Oil dips below $112 as World Bank cut Asian growth outlook* Euro edges down 0.4 pct to $1.2970. The World Bank cut its estimate for East Asian growth including for China, and this has undone some of the positive sentiment that followed Friday's sharp drop in U.S. unemployment for September.

  • NORWAY GAS-Flows to Europe rise over 300 mcm/day Monday, 8 Oct 2012 | 3:21 AM ET

    OSLO, Oct 8- Norwegian gas exports to Europe rose on Monday morning from the previous day as production from a major gas processing plant has reached full capacity, gas system operator Gassco said. Exports to Europe including Britain rose by 18.9 million cubic metres to 312.9 mcm per day by 0600 GMT compared with the 294 mcm daily average on Sunday.

  • LONDON, Oct 8- European shares traded lower early on Monday, surrendering some of the strong gains made in the previous sessions, as weak economic estimates for Asia hurt sentiment and investors start to position for a weak earnings season.

  • BRIEF-Punch International replaces CEO Monday, 8 Oct 2012 | 2:23 AM ET

    BRUSSELS, Oct 8- Punch International NV:.

  • French and Benelux stocks-Factors to watch on Oct 8 Monday, 8 Oct 2012 | 1:28 AM ET

    Britain will block the proposed $45 billion merger between EADS and BAE Systems if key "red line" priorities are not met, defence minister Philip Hammond said on Sunday, just three days before a deadline for detailing the deal.

  • BRUSSELS, Oct 8- EU regulators will decide next year whether to fine Danish drugmaker Lundbeck and French peer Servier for blocking the entry of cheaper generic medicines into the market, the EU's antitrust chief said on Monday.

  • Charles Voegele may receive takeover bid-paper Sunday, 7 Oct 2012 | 8:53 AM ET

    ZURICH, Oct 7- Investors are preparing a takeover offer for loss-making Swiss clothing chain Charles Voegele, a newspaper reported on Sunday. The interested part was a retailer from Southern Europe with international ambitions, Der Sonntag said, citing sources close to investors.

  • Europe’s Richer Regions Want Out Sunday, 7 Oct 2012 | 4:51 AM ET
    The 'Europe' sculpture by Belgian artist May Claerhout, showing a woman holding up the symbol of the Euro, stands outside the European Parliament building on November 22, 2011 in Brussels, Belgium.

    Europe may be pushing for fiscal and banking union to fight its debt crisis, but many richer regions, angry at having to finance poorer neighbors, are now calling for independence. The New York Times reports.

  • BIRMINGHAM, England, Oct 7- British Prime Minister David Cameron on Sunday threatened to scupper European Union budget talks unless other members of the 27- nation bloc agree to "proper control" of spending, without specifying what would be an acceptable settlement for Britain.

  • EU to present banking union blueprint at summit Saturday, 6 Oct 2012 | 6:50 AM ET

    VALLETTA, Malta-- EU Commission President Jose Manuel Barroso says a blueprint for a banking union and supervision of the banking system will be presented at the EU's October summit as part of measures to raise confidence in the euro currency.

  • BRUSSELS, Oct 6- Troubled Franco-Belgian bank Dexia is working on raising cash, its chief executive told Belgian business newspaper L'Echo in an article published on Saturday. "Every day that passes we get closer to the deadline, because Dexia is continuing to lose money," Karel de Boeck told the paper. "

  • Dexia working on raising capital, CEO tells paper Saturday, 6 Oct 2012 | 5:13 AM ET

    BRUSSELS, Oct 6- Troubled Franco-Belgian bank Dexia is working on raising cash, its chief executive told L'Echo, a Belgian business newspaper, in an article published on Saturday. "Every day that passes we get closer to the deadline, because Dexia is continuing to lose money," Karel de Boeck told the paper. " We are therefore working on raising capital. "

  • European leaders call for banking supervision Friday, 5 Oct 2012 | 4:14 PM ET

    VALLETTA, Malta-- Leaders of five European countries have agreed that the European Union must pave the way towards a single European banking supervision system to be operational by January.

  • VALLETTA, Malta, Oct 5- Five European Union nations meeting in Malta called for the next meeting of the region's leaders in October to make progress toward setting up a single banking regulator by the end of the year so that it can be running in 2013..