A Greek tragedy could be ahead for markets, warns Larry McDonald of Newedge.» Read More
BUDAPEST, Oct 1- Hungary's government met in an extraordinary session on Monday after being convened by Prime Minister Viktor Orban, a spokeswoman said. She declined to give detail about the agenda of the meeting, which began at 0600 GMT. A government representative and Janos Lazar, Orban's chief of staff, will hold a news conference at 0730 GMT.
BUDAPEST, Oct 1- Hungarian Prime Minister Viktor Orban convened an extraordinary meeting of his government on Monday morning, a spokeswoman told Reuters. She declined to give detail of the agenda. The meeting, which began at 0600 GMT, is expected to last several hours.
BUDAPEST, Oct 1- Magyar Telekom will lay off 500 workers by the end of this year at a cost of about 6 billion forints to cut costs, the company said in a statement on Monday. The Deutsche Telekom unit said it expected to shave 5.6 percent off total workforce costs, excluding severance payments next year compared with 2011 spending levels.
PRAGUE, Oct 1- Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday. LOAN FACILITY: Telefonica Czech Republic. PRESIDENT: A young man wielding a plastic gun fired pellets at Czech President Vaclav Klaus on Friday, hitting him on the arm but causing no injuries. ï¿ ½ ï¿ ½.
*ANKARA- Foreign Minister Ahmet Davutoglu to hold talks with Masoud Barzani, president of Iraq's autonomous Kurdistan region. ISTANBUL- Istanbul Chamber of Commerce releases September inflation data for Turkey's biggest city.
PRAGUE, Oct 1- Telefonica Czech Republic. The loan facility is priced at 175 basis points over the three-month interbank PRIBOR rate, the Czech unit of Spain's Telefonica said. The loan was arranged by UniCredit Bank Czech Republic, Erste's Ceska Sporitelna, Societe Generale.
MOSCOW, Oct 1- MD Medical Group says:. *Announces the price range of its initial public offering of between $11.25 and $13.50 per GDR. *The total size of the offering is expected to be between $295 million and $343 million including the over-allotment option.
MOSCOW, Oct 1- Here are events and news stories that could move Russian markets on Monday. MOSCOW- Russian Prime Minister Dmitry Medvedev meets Facebook. MOSCOW- Moscow City Court starts hearings on appeal against conviction of three members of the punk band Pussy Riot;.
Here are news stories, press reports and events to watch, which may affect Poland's financial markets on Monday. Markit Economics releases its PMI index for September at 0700 GMT. Polish equities E.Europe equities Polish money Polish debt Eastern Europe All emerging markets Hot stocks Stock markets Market debt news Forex news.
BRATISLAVA, Oct 1- Here are news stories, press reports and events to watch which may affect Slovak financial markets on Monday. The euro zone will not survive in its current form and one or possibly two countries will be forced to leave the currency bloc because they will be unable to meet their commitments, Slovak Prime Minister Robert Fico said on Sunday.
New or amended items marked*. See below for full macroeconomic forecasts================================================================================.
SOFIA, Oct 1- These are some of the main stories in Bulgarian newspapers on Monday. -All state pensions will be increased by about 10 percent as of April next year, Finance Minister Simeon Djankov said.
BRATISLAVA- The central bank to comment on preliminary July current account data. BRATISLAVA- The central bank to publish preliminary July and revised June current account data.
NEW LISTINGS OR, AMENDMENTS ARE MARKED* KEY INTEREST RATES ECB'S TWO-WEEK REPO rate 0.75 last changed JULY 5, 2012 former rate 1.00 SLOVAK REAL GDP Q2/12 FLASH ESTIMATE +0.7 +2.7 SLOVAK REAL GDP Q2/12 Q1/12 Q2/11 FY/11 +2.8 +3.0 +3.5 +3.3 Final consumption Household -0.3 -0.1 -0.1 -0.4 Government -2.1 +0.4 -5.1 -3.5 Gross fixed capital formation -1.1 -3.9 +6.4 +5.7 Foreign trade balance exports of goods and services +8.9 +6.0 +13.1 +10.8 imports of goods and services +3.2 +2.1 +10.9 +4.5 SLOVAK REAL GDP FY/2011 +3.3 FY/2010 +4.2 FY/2009 -4.9 FY/2008 +5.9 FY/2007 +10.5 FY/2006 +8.3 FY/2005 +6.7 FY/2004 +5.1 FY/2003 +4.8 FY/2002 +4.6 FY/2001 +3.5 FY/2000 +1.4 C/A BALANCE JUNE 12 MAY 12 JUNE 11 +364.0 +449.0 -19.0 C/A BALANCE END-2011 END-2010 END-2009 +38.0 -1.637 -1.627 FOREIGN TRADE JULY 12 JUNE 12 JULY 11 JAN-DEC 11 Imports 4,578.9 4,983.0 4,227.5 53,966.1 Exports 4,977.9 5,331.9 4,252.6 56,407.9 Balance +399.0 +348.8 +25.1 +2,441.9 DYNAMICS OF TRADE nominal imports +8.3 +8.4 +9.5 +13.6 nominal exports +17.1 +11.4 +12.9 +16.9 SLOVAK UNEMPLOYMENT AUG 12 JULY 12 AUG 11 pct of workforce 13.19 13.27 13.12 number available for work 356,423 358,652 349,885.
MOSCOW, Oct 1- Matthias Warnig, a former East German secret agent turned investment banker who has known Russian President Vladimir Putin since the 1990 s, has been appointed chairman of Russia's RUSAL, replacing Barry Cheung, who resigned. Warnig headed Dresdner Bank's operations in Moscow more than a decade ago.
--We are affirming our' BBB-' long-term corporate credit rating on Alimentation Couche-Tard Inc.. after the company completed the acquisition of Statoil Fuel& Retail ASA, a Scandinavian convenience store and motor fuel retailer.
UNITED NATIONS, Oct 1- Syria accused the United States, France, Qatar, Saudi Arabia and Turkey on Monday of hijacking the country's 18- month conflict between government forces and pro-democracy rebel groups by supporting "terrorism" with arms, money and foreign fighters.
MOSCOW, Oct 1- Dutch bank ING is closing Central and Eastern European equities operations and scrapping corporate banking jobs in London, with the loss of around 130 jobs, the company said on Monday. The equities desk in Moscow will also be closed, Simpson said. The job losses were spread across offices in London, Moscow, Prague and Budapest.
BRATISLAVA, Oct 1- The Slovak government's decision to double a levy on bank deposits will hurt banks' profitability and creditworthiness and eventually dent their loan capacity, credit rating agency Moody's said on Monday in a special report.
MOSCOW-- Facebook head Mark Zuckerberg was in Moscow on Monday, where top officials were pressing him to expand the company's operations in Russia. A Facebook spokeswoman, who refused to be named because she wasn't authorized to discuss the matter with the media, said the company has no immediate expansion plans for Russia.