Russia faces a “full-blown economic crisis” next year that will trigger defaults, a respected ex-finance minister has warned. The FT reports.» Read More
*Telenor lifts stake to 43 pct through option deal. OSLO, Oct 1- Norway's Telenor has completed its purchase of an increased stake in Russia's Vimpelcom in the face of opposition from co-shareholder Altimo and Russia's anti-monopoly watchdog FAS.
LONDON, Oct 1- The spread on the tap of the Czech Republic's 3.875% May 2022 bond has been fixed at 116 bp over mid-swaps, according to officials involved with the sale. Leads Barclays, Ceska, SG CIB and UniCredit plan to close the book at 1245 GMT and have already attracted orders in excess of EUR1.5bn. Keywords: CZECH REPUBLIC/ BOND TAP.
MOSCOW, Oct 1- The head of Russia's anti-trust agency, which has filed a lawsuit to block Telenor from increasing its stake in Russian mobile operator Vimpelcom, said the Norwegian company was in violation of an injuction by a Russian court. Telenor said on Monday it had taken delivery of 71 million shares in Vimpelcom from Egyptian tycoon Naguib Sawiris.
PRAGUE, Oct 1- The Czech central state budget showed a 71.4 billion crown deficit at the end of September, narrower than a 105.1 billion deficit a year ago, mainly thanks to higher tax receipts, the Finance Ministry said on Monday.
PRAGUE, Oct 1- The Czech central state budget showed a deficit of 71.41 billion crowns at the end of September, the Finance Ministry said on Monday. CZECH STATE BUDGET 01-09/12 01-08/12 01-09/11 revenue 757.14 665.12 741.87 expenditure 828.56 732.14 847.00 balance -71.41 -67.02 -105.14.
--Ukrainian agricultural producer Agroton Public Ltd. has made progress collecting accounts receivables, the recoverability of which was questioned by its previous auditor.
MOSCOW, Oct 1- Russian shares extended fragile gains on Monday tracking upbeat manufacturing data, and the rouble steadied, pressured by declining oil prices. was up 1.17 percent to 1,493.4, supported by Russia's PMI manufacturing data showing monthly growth.
DUBAI, Oct 1- Russia's Gazprom Marketing and Trading has signed a legally binding agreement to supply liquefied natural gas to India's GAIL for 20 years, the companies said on Monday.
MOSCOW, Oct 1- Russian shares extended fragile gains on Monday tracking upbeat manufacturing data, and the rouble steadied, pressured by declining oil prices. was up 1.17 percent to 1,493.4, supported by Russia's PMI manufacturing data showing monthly growth..
WARSAW, Oct 1- Brokerage houses in Warsaw are scaling back operations and in some cases could leave altogether because the boom in stock-market listings that helped them escape blood-letting in other financial hubs is fizzling out.
While Norwegian gas exports to continental Europe are supplied under long-term contracts that are linked to the oil price, Britain receives most of its Norwegian gas under hub market terms that are priced off Britain's National Balancing Point and have lesser binding supply obligations.
BUDAPEST, Oct 1- Hungary's government will have to review its 2013 economic projections as it is unlikely to hit the 1.6 percent annual growth that it has targeted so far, the minister in charge of aid talks with the IMF and the EU said on Monday. Varga put the difference to about 300- 350 billion forints.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy Germany- based ixetic Verwaltungs GmbH for about 308 million euros to expand its engine and transmission pumps business. The company has two manufacturing facilities in Germany, and one each in Bulgaria and China.
The bank named Tom Willett as head of mergers and acquisitions, Europe. Willett joins from the Royal Bank of Scotland, where most recently he was chairman of corporate finance for Europe, the Middle East and Africa. Murphy joins Barclays from HSBC, London, where he was a director in the project& export finance.
PRAGUE, Oct 1- Central European manufacturing shrank in September, signalling a deeper than feared recession in the Czech Republic and a slowdown in Poland that economists said authorities should counter with new stimulus measures.
OSLO, Oct 1- Norwegian mobile internet browser maker Opera has signed a licensing deal with Russia's Yandex, Opera's chief executive said on Monday. Yandex plans to launch its own browser based on Opera's Turbo technology. The deal was first announced on Sept. 21 but Opera did not disclose that Yandex was the customer at that time, awaiting the product launch.
Oct 1- Magna International Inc, one of the world's biggest auto parts manufacturers, said it will buy ixetic Verwaltungs GmbH for about 308 million euros.
Barclays, Ceska, SG CIB and UniCredit have gathered indications of interest of more than EUR1bn for the deal, which is expected to price today.
LONDON, Oct 1- Robust manufacturing data from Russia pushed its stock market 1 percent higher on Monday, bucking the generally weaker trend in emerging equity markets while central European currencies firmed modestly as the euro recovered from lows.