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  • Azerbaijan's leader assails BP over falling output Thursday, 11 Oct 2012 | 10:07 AM ET

    BAKU, Azerbaijan-- Azerbaijan's President Ilham Aliev has criticized a consortium led by BP PLC for a slump in production at the Caspian Sea nation's main oil field. A spokesperson for BP Azerbaijan said the company is working together with Azerbaijan's state oil company to address production issues.

  • Oct 11- Fitch Ratings has revised Russia's Ivanovo Region's Outlook to Negative from Stable. Fitch has also affirmed the region's Long-term foreign and local currency rating at' BB-', its Short-term foreign currency rating at' B' and National Long-term rating at' A+'.

  • *Limitless to now be owned by Dubai government. DUBAI, Oct 11- Indebted Dubai property firm Limitless has concluded the restructuring of a $1.2 billion loan, bringing to an end talks that have lasted over two years.

  • Hungary dipped 13 percent to 46.54 euros on Hungary's HUPX. The three central European countries combined their day ahead markets in September to help provide better supply for the region but since then Hungary has helped to narrow- and often erase- the typical Czech and Slovak discount to Germany.

  • Raspadskaya Q3 coking coal sales volumes down 8 pct q/q Thursday, 11 Oct 2012 | 9:08 AM ET

    MOSCOW, Oct 11- Russian coking coal miner Raspadskaya said on Thursday it sold 981,000 tonnes of coking coal concentrate in the third quarter, 8 percent less that in the previous three months.

  • UPDATE 2-Azeri president attacks BP over low oil output Thursday, 11 Oct 2012 | 9:05 AM ET

    BAKU/ LONDON, Oct 11- Azerbaijan accused BP on Wednesday of making "false promises" on oil output and said the state had missed out on $8 billion of potential revenues from what is one of the company's biggest projects in the world.

  • Dubai property firm restructures $1.2B in debt Thursday, 11 Oct 2012 | 9:04 AM ET

    DUBAI, United Arab Emirates-- An indebted property division of Dubai World behind plans to dig a massive canal through the Dubai desert says it has completed a deal to rework the terms on $1.2 billion of loans.

  • UPDATE 2-Azeri attacks BP over low oil output Thursday, 11 Oct 2012 | 9:03 AM ET

    BAKU/ LONDON, Oct 11- Azerbaijan accused BP on Wednesday of making "false promises" on oil output and said the state had missed out on $8 billion of potential revenues from what is one of the company's biggest projects in the world.

  • Dalkia to build CHP plant in Warsaw for $63 mln-report Thursday, 11 Oct 2012 | 8:39 AM ET

    WARSAW, Oct 11- France's Dalkia, which controls Warsaw's heating company SPEC, plans to build a gas-fired combined heat and power plant in the Polish capital for around 200 million zlotys, Dalkia's representatives were quoted as saying on Thursday.

  • MOSCOW, Oct 11- Iraq is considering replacing ExxonMobil with Russian companies at the supergiant West Qurna-1 oilfield, after the U.S. major angered Baghdad by venturing into Kurdistan, according to a media report citing industry sources.

  • Dubai Limitless agrees restructuring of $1.2 bln loan Thursday, 11 Oct 2012 | 8:14 AM ET

    DUBAI, Oct 11- Limitless, the indebted property arm of Dubai World, has reached an agreement with creditors to restructure a $1.2 billion Islamic loan, the company said on Thursday. Limitless will also shortly commence a procees to transfer ownership of itself to the Dubai government from conglomerate Dubai World, it said in a statement.

  • Oct 11- Greater exchange rate flexibility is giving Russia a more effective buffer against volatile oil prices and other external shocks, Fitch Ratings says. Russia's experience provides an example to other sovereigns in the CIS of the benefits of exchange rate flexibility.

  • DAMASCUS, Oct 11- Syria said on Thursday a Damascus- bound plane forced to land in Ankara by Turkish fighter jets while en route from Moscow had been carrying legitimate cargo. The Foreign Ministry said the Turkish action violated international law and showed Ankara's "hostile policy" towards Syria.

  • UPDATE 5-Oil pushes over $115 on Syria tension Thursday, 11 Oct 2012 | 7:59 AM ET

    *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • TEXT-S&P rates Giva 'B' on core status to Pomosch Thursday, 11 Oct 2012 | 7:56 AM ET

    --According to our criteria we view Russia- based Giva Insurance Company LLC as "core" to insurance company Pomosch owing to their level of integration. --We are assigning our' B' financial strength and counterparty credit ratings and' ruA-' Russia national scale rating to Giva.

  • *World's No. 2 Coke drinks bottler to seek main London listing. ATHENS, Oct 11- Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland with a London listing for its shares dealt a blow to the crippled Greek economy.

  • Oct 11-=============================================================================== Summary analysis-- Federal Grid Co. of the Unified Energy System- 11- Oct-2012=============================================================================== CREDIT RATING: BBB/Stable/-- Country: Russia Primary SIC: Electric Services Mult. CUSIP6: 313354=============================================================================== Credit Rating History: Local currency Foreign currency 04- Mar-2008 BBB/-- BBB/-- 02- Feb-2007 BB+/-- BB+/--============================================================================== Rationale.

  • UPDATE 4-Oil pushes over $115 on Syria tension Thursday, 11 Oct 2012 | 7:07 AM ET

    *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • TABLE-Russian gold/fx reserves fall to $528.0 bln Thursday, 11 Oct 2012 | 7:06 AM ET

    MOSCOW, Oct 11- Russia's gold and foreign exchange reserves edged down to $528.0 billion in the week to Oct. 5 from $528.2 billion a week earlier, central bank data showed on Thursday. The central bank provided the following figures: Latest week 528.0 Previous week 528.2 End-2011 498.6.

  • DAMASCUS, Oct 11- Syria said on Thursday a Damascus- bound plane forced to land in Ankara by Turkish fighter jets while en route from Moscow had been carrying legitimate cargo. "The plane was not carrying any illegal material," Ghaida Abdulatif, head of Syrian Arab Airlines, told reporters in Damascus. "