Moody's Investors Service could cut the ratings on up to 16 Russian banks, the credit ratings agency warned on Tuesday.» Read More
LONDON, Oct 10- Brent crude oil held above $114 a barrel and close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.
Oct 10-=============================================================================== Summary analysis-- Ural Bank for Reconstruction and Development-- 10- Oct-2012=============================================================================== CREDIT RATING: B/Stable/B Country: Russia Primary SIC: Commercial banks, nec=============================================================================== Credit Rating History: Local currency Foreign currency 15- Dec-2011 B/B B/B 07- Mar-2007 B-/C B-/C=============================================================================== Ratings Score Snapshot Issuer Credit Rating B/Stable/B SACP b Anchor bb Business Position Moderate Capital and Earnings Weak Risk Position Moderate Funding and Liquidity Average and Adequate Support 0 GRE Support 0 Group Support 0 Sovereign Support 0 Additional Factors 0 Outlook.
PRAGUE-- The Czech government has proposed a constitutional amendment that aims to put a limit to public debt. Prime Minister Petr Necas says the amendment would cap debt at 60 percent of GDP.
*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.
*Rate-setting panel next meets on Oct. 30. BUDAPEST, Oct 10- Hungary's central bank governor and his two deputies were outvoted by newer monetary policymakers for the second time running when the bank cut interest rates on Sept. 25, minutes of the meeting showed on Wednesday.
PRAGUE, Oct 10- The Russian bidder for the contract to enlarge Czech CEZ's Temelin nuclear power plant on Wednesday ruled out linking its bid with French company Areva, which was disqualified from the tender last week.
Oct 10- This announcement corrects the version published earlier today which incorrectly stated Arcelik's National Long-term rating. Fitch Ratings has affirmed Arcelik A.S.' s.
Oct 10- Fitch Ratings has affirmed JSC Acron's Long-term foreign and local currency Issuer Default Ratings at' B+'.
Oct 10- The Czech Republic's gross central government debt rose to 1.652 trillion crowns at the end of Sept, from 1.636 trillion crowns at the end of June, the Finance Ministry said on Wednesday. In the third quarter, a 0.9 billion crown loan tranche was drawn from the European Investment Bank.
Oct 10- Standard& Poor's Ratings Services said today that it had assigned its' BBB-' long-term issue rating to the proposed senior unsecured notes to be issued by Turkish beverage group Anadolu Efes Biracilik ve Malt Sanayii AS.
MOSCOW, Oct 10- Russia's consumer prices rose 0.2 percent in the week to Oct 8 after rising 0.1 percent in the previous week, the Federal Statistics Service said on Wednesday. Rising inflation in Russia is concerning policymakers, with annual inflation in September running at 6.6 percent, above the central bank's 6 percent target for the year.
MOSCOW, Oct 10- Russia placed almost all the offer of treasury bonds at auction on Wednesday, with strong foreign interest and one bid coming from a large state bank covering nearly 50 percent of demand, three market sources said. The Russian Finance Ministry sold 34.2 billion roubles of 10- year OFZ treasury bonds.
LONDON, Oct 10- Fitch Ratings warned Hungary on Wednesday not to go without International Monetary Fund support after months of wrangling which has failed to resolve the future of talks on a financing deal. "Recently there has been some talk of Hungary going it alone, that would bother us.
GRAPHIC on MSCI emerging index performance 2012:. GRAPHIC on MSCI emerging Europe performance 2012:. GRAPHIC on MSCI frontier index performance 2012,.
BRATISLAVA, Oct 10- The Slovak government approved on Wednesday 121.2 million euros in state aid for 10 investors, including 19.8 million euros for the South Korean Samsung Electronics. It had originally sought 28 million euros, but the previous centre-right government snubbed this call this spring.
MOSCOW, Oct 10- Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, is still interested in Kurdistan's oil, a Gazprom Neft source said, rebutting reports it had frozen projects in the Iraqi province.
WARSAW, Oct 10- Central European currencies firmed in early trade on Wednesday, recovering after the IMF's cut to its global and regional growth forecasts soured investor sentiment early in the week.
PARIS, Oct 10- Former IMF chief Dominique Strauss-Kahn said in a rare magazine interview published on Wednesday that he is tired of being hunted by the media and begged to be left alone as he tries to move on from a sex scandal that wrecked his career.
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.
MOSCOW, Oct 10- The following are some of the leading stories in Russia's newspapers on Wednesday. -Russia's Defense Minister Anatoly Serdyukov introduced a draft law providing for the establishment of a military police, the daily writes.