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  • is in talks to merge its T-Mobile USA unit with smaller rival MetroPCS, in a move that could pave the way for the German company to eventually exit the U.S. wireless market.

  • LONDON, Oct 2- Trader Glencore has formally notified the European Commission of its $33 billion plan to take over miner Xstrata, sources familiar with the matter said, after months of preliminary talks designed to pave the way for a swift approval.

  • *Deutsche Telekom shares up 1.3 pct, MetroPCS up 17 pct. By Edward Taylor and Nadia Damouni FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom. is in talks to merge its T-Mobile USA unit with MetroPCS and take a majority stake in the combined wireless service provider, the German company said on Tuesday.

  • German bailout-fatigue might delay aid for Spain Tuesday, 2 Oct 2012 | 2:38 PM ET

    BERLIN-- Germany's government appears to be putting the brakes on any request by Spain for help from its European partners in managing its debts, wary that its lawmakers might balk at having to vote on yet another bailout for a struggling eurozone nation.

  • *Deutsche Telekom shares up 1.3 pct, MetroPCS up 19 pct. said on Tuesday it is in talks to combine its T-Mobile USA unit with MetroPCS and take a majority stake in the combined wireless service provider. MetroPCS shares were up 17 percent higher at $13.52 after Deutsche Telekom confirmed the talks.

  • UPDATE 2-Strong BCP cash call keeps state away Tuesday, 2 Oct 2012 | 1:18 PM ET

    LISBON, Oct 2- A 500 million euros cash call by Portugal's Millennium BCP, was fully subscribed by private investors, meaning the state will not become a shareholder, the bank's chief executive said.

  • BRUSSELS, Oct 2- Europe's nuclear reactors need investment of 10- 25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan's Fukushima cannot happen.

  • is in advanced talks to combine its T-Mobile USA unit with MetroPCS, three sources familiar with the situation said on Tuesday, as the German telecoms group seeks to stem a decline in customers at its U.S. business.

  • By Foo Yun Chee and Leila Abboud BRUSSELS, Oct 2- Vodafone and KPN. Earlier on Tuesday, EU Competition Commissioner Joaquin Almunia questioned whether Hutchison could offer sufficient concessions to ease his concerns about the proposed takeover, raising the spectre of a veto.

  • BRUSSELS, Oct 2- Europe's nuclear reactors need investment of 10- 25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan's Fukushima cannot happen.

  • *Regulators at European Commission to consider the proposals. Recommendations of the group, set up by the European Commission, aim to shield taxpayers from having to fund further bailouts and to protect savers from any more banking collapses after more than five years of crisis.

  • T-Mobile USA, MetroPCS in talks over deal-sources Tuesday, 2 Oct 2012 | 10:56 AM ET

    FRANKFURT/ NEW YORK, Oct 2- Deutsche Telekom's. Deutsche Telekom declined to comment, while MetroPCS was not immediately available for comment.

  • Report wants EU banks to ring-fence risky business Tuesday, 2 Oct 2012 | 9:34 AM ET

    BRUSSELS-- Europe's fragile banking system should be protected by building a firewall between a lender's retail operations and its more risky trading activities and forcing executives to take losses when their banks fail, according to an expert report.

  • UPDATE 1-Strong BCP cash call keeps state away Tuesday, 2 Oct 2012 | 7:32 AM ET

    LISBON, Oct 2- A 500 million euros cash call by Portugal's Millennium BCP, was fully subscribed by private investors, meaning the state will not become a shareholder, the bank's chief executive said.

  • *Commission cannot force member states to apply recommendations. BRUSSELS, Oct 2- Europe's nuclear reactor fleet needs investment of 10 billion to 25 billion euros, a draft Commission report said, following a safety review designed to ensure there is never a repeat of the Fukushima nuclear disaster.

  • BRUSSELS, Oct 2- Banks should separate deposit taking from trading and other high-risk investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday. The European Commission set up the group of experts, led by Bank of Finland Governor Erkki Liikanen, to examine bank structures.

  • BRUSSELS, Oct 2- The EU's antitrust chief questioned on Tuesday whether Hutchison 3 G could offer concessions sufficient to ease his concerns about its 1.3 billion euro bid for France Telecom's Orange Austria, raising the spectre of a veto.

  • Report wants Europe's banks to wall off risky ops Tuesday, 2 Oct 2012 | 6:21 AM ET

    BRUSSELS-- Europe's banks should create a firewall between their traditional retail banking operations and more risky investment banking ones and force executives to personally take losses when their banks fail, a new expert report suggested Tuesday. Ireland has already gone bankrupt rescuing its banking sector, and Spain could, too.

  • BRUSSELS, Oct 2- Banks should separate their deposit-taking arms from proprietary trading and other risky investment banking work to shield taxpayers from further bailouts and protect savers, an EU advisory group said on Tuesday.

  • NORWAY GAS-Exports rise on higher flows to France Tuesday, 2 Oct 2012 | 5:52 AM ET

    OSLO, Oct 2- Norwegian gas exports to Europe rose early on Tuesday because of higher flows to France, but that was partly offset by a fall in deliveries to Britain. Exports to Europe including Britain were up by 14.7 million cubic metres to 274.1 mcm per day at 0800 GMT, compared with the day before, data from Norway's gas system operator Gassco showed.