George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.» Read More
BUDAPEST, Oct 8- Hungary's latest indicators. Base rate 6.50 pct 2- week deposit rate 6.50 pct. Q2 2012 Q1 2012 FY 2011 Q2 2011.
MOSCOW, Oct 8- Gazprom on Monday launched the second line of the Nord Stream pipeline which brings Russian gas to Germany via the bed of the Baltic Sea, but actual gas volumes remained unchanged due to lack of sufficient growth in demand.
WARSAW, Oct 8- Poland's state road operator has been hit with a 1.2 billion zloty compensation claim by Irish builder SRB Civil Engineering, the latest fallout from a troubled construction spree ahead of the Euro 2012 soccer tournament.
MOSCOW, Oct 8- Russian stocks fell on Monday, hurt by downgraded growth forecasts for Russia and Asia, while the rouble weakened on lower commodity prices. concerns that China's slowdown could worsen, while the World Bank cut its growth forecasts for the East Asia and Pacific region.
KIEV, Oct 8- Austria's Erste Group Bank could decide by the end of the year to sell its loss-making Ukrainian unit. "Ukraine has not lived up to expectations of economic development and the group is considering the question of whether it should continue working on the Ukrainian market," Erste Bank spokeswoman Yelena Pavlovskaya said on Monday.
MORGANTOWN, W.Va.-- Protea Biosciences says it's started new international distributor partnerships with several companies in Israel, Poland, Spain, Portugal and Turkey. The Morgantown, W.Va.- based company says that reflects its continuing, successful expansion.
STOCKS NEWS Regional Stocks Stocks on the move REGIONAL INDICES Warsaw WIG20 Bucharest Beti Budapest SE Index Prague PX Zagreb Crobex Sofia Sofix Ljubljana SBI20 Istanbul ISE Moscow RTS. Shares in Central and Eastern Europe's largest insurer PZU.
MOSCOW, Oct 8- Russia's gas export monopoly Gazprom said it increased daily gas supplies to Turkey by 60 percent to 48 million cubic metres on Monday after an explosion damaged a pipeline carrying Iranian gas. The company said it increased gas supplies through the Blue Stream underwater pipeline following Turkey's request.
PRAGUE, Oct 8- Czech Cal' 13 baseload fell on Monday on lower coal and oil while central European day ahead prices traded above Germany due to soaring peak prices in neighbouring Slovakia and Hungary as cross border capacity was limited in some hours, traders said.
BUCHAREST, Oct 8- Romania sold a less than planned 578 million lei in eleven-month treasury bills on Monday, with the average accepted yield at 6.02 percent against 5.26 percent at a July 9 tender, central bank data showed.
MOSCOW, Oct 8- MegaFon, Russia's second-largest mobile phone operator, will start pre-marketing for its London initial public offering on Tuesday, several financial market sources said.
PRAGUE, Oct 8- Czech electricity producer CEZ. said on Monday a market-test procedure to evaluate its settlement offer to end an EU investigation showed no need for material changes in the plan.
LONDON, Oct 8- Britain is in danger of suffering a long-term loss of liquefied natural gas supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers. Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage.
MOSCOW-- Around 200 people held a rally Sunday in Moscow to mark the sixth anniversary of the unsolved murder of crusading reporter Anna Politkovskaya. Participants held up candles and pictures of the journalist and spoke in remembrance of Politkovskaya, a sharp critic of Kremlin policies in Chechnya, who was shot inside her Moscow apartment building in 2006..
LONDON, Oct 8- Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad. "We won't cut exports now," Genel Energy President Mehmet Sepil told Reuters. "
*Austria, OMV say no talk of MOL exit from Nabucco. VIENNA, Oct 8- The partners in Azerbaijan's Shah Deniz II gas field are in talks to take a stake in the Nabucco consortium that is competing to build the first pipeline to deliver Azeri gas to Europe, Austria's economy and energy minister said on Monday.
MOSCOW, Oct 8- MegaFon, Russia's second-largest mobile phone operator, will start pre-marketing its London initial public offering on Tuesday, several financial market sources said on Monday. A separate source said a statement was expected to announce the IPO in the coming days.
AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakh President Nursultan Nazarbayev was jailed for seven-and-a-half years on Monday for his part in a failed attempt to overthrow the government of the oil-producing Central Asian state.
*Petronet may join GAIL if it gets Repsol's LNG assets. NEW DELHI, Oct 8- India's Petronet LNG has allowed gas firm GAIL to use annually 2.5 million tonnes capacity at Petronet's liquefied natural gas plant at Dahej in western India for importing the fuel, its chief executive A. K. Balyan said on Monday.
PARIS, Oct 8- The outlook for the world's major economies including the United States and Germany has deteriorated slightly, although China may be stabilising after a recent slowdown, the OECD said on Monday.