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  • UPDATE 1-BP, AAR in race to sell out of TNK-BP first Tuesday, 9 Oct 2012 | 4:54 AM ET

    LONDON, Oct 9- BP's billionaire partners in TNK-BP, Russia's third-biggest oil producer, have put their stake up for sale, starting a race with the British company to exit the venture and strengthening the hand of prospective state-controlled buyer Rosneft.

  • Russian assets tread water as oil rally falters Tuesday, 9 Oct 2012 | 4:47 AM ET

    MOSCOW, Oct 9- Russian stocks were flat on Tuesday morning, hampered by a faltering rally in oil prices and telecoms stocks showing little reaction to a $2 billion IPO announcement by mobile operator Megafon.

  • TEXT-Fitch affirms Alrosa at 'BB-';outlook stable Tuesday, 9 Oct 2012 | 4:47 AM ET

    Oct 09- Fitch Ratings has affirmed Russia- based diamond producer OJSC ALROSA's Long-term Issuer Default Rating and senior unsecured rating at' BB-' and Short-term IDR at' B'. Fitch assesses Alrosa's link with its controlling shareholder, the Russian Federation, as medium, which provides a one-notch uplift to the company's standalone ratings.

  • TNK-BP's Russian shareholders may sell out Tuesday, 9 Oct 2012 | 4:46 AM ET

    MOSCOW-- BP's billionaire Russian partners in TNK-BP indicated on Tuesday that they are considering selling their stake in the oil joint venture or disposing of it through an IPO. Moscow- based TNK-BP is jointly owned by BP and AAR, a group of Russian billionaire shareholders.

  • BUDAPEST, Oct 9- Emerging European currencies were mostly flat on Tuesday with markets digesting weaker global growth forecasts from the IMF and Czech inflation data which met expectations.

  • Oct 09- Fitch Ratings has assigned Russia- based OAO Novatek's series 2, 3 and 4 domestic stock exchange bonds an expected local currency senior unsecured rating of' BBB-' and an expected National senior unsecured rating of' AA+'.

  • Ukraine media feel the squeeze ahead of election Tuesday, 9 Oct 2012 | 4:14 AM ET

    KIEV, Oct 9- For Natalia Sokolenko, an award-winning Ukrainian TV reporter, the last straw was when she was taken off covering the national political scene and demoted to reporting road accidents for the commercial news station where she had worked for 10 years.

  • *PBG CEO mulls merger between "several vital entities". WARSAW, Oct 9- Troubled Polish builder PBG. PBG has been in bankruptcy protection since a series of contracts linked to the Euro 2012 soccer tournament went sour, and the Dziennik Gazeta Prawna quoted its chief executive, Wieslaw Rozacki, as saying a merger could be a solution.

  • MOSCOW, Oct 9- Russian real estate developer Etalon Group said on Tuesday that its first half profit was 2.4 billion roubles, while earnings before interest, taxes, depreciation and amortisation were 3.2 billion roubles.

  • U.S. says Kazakh verdict silences opposition Tuesday, 9 Oct 2012 | 3:41 AM ET

    *Kazakhstan says trial of Vladimir Kozlov fair and open By Robin Paxton. ALMATY, Oct 9- The United States on Tuesday accused Kazakhstan of using its justice system to "silence opposition voices" after a prominent critic of President Nursultan Nazarbayev was jailed for inciting violence.

  • PRAGUE, Oct 9- Czech consumer prices dipped by 0.1 percent in September versus a month earlier, bringing annual inflation to 3.4 percent, the Statistics Office said on Tuesday. Both the monthly result and the annual rate were exactly in line with predictions in a Reuters poll. VOJTECH BENDA, SENIOR ECONOMIST, ING COMMERCIAL BANKING.

  • *Flows drop to Germany, Belgium and Britain. Exports to Europe including Britain dropped by 8.7 million cubic metres to 271.3 mcm per day by 0600 GMT compared with the 280 mcm daily average on Monday. The 70 mcm capacity plant processes gas from the giant offshore Ormen Lange gas field before it is shipped to Britain and continental Europe.

  • PRAGUE, Oct 9- Czech consumer prices dipped by 0.1 percent in September versus a month earlier, bringing annual inflation to 3.4 percent, statistics office data showed on Tuesday. Both the monthly result and the annual rate were exactly in line with predictions in a Reuters poll. DAVID MAREK, CHIEF ECONOMIST, PATRIA FINANCE.

  • COPENHAGEN, Oct 9- Carlsberg A/S:. major environmental projects in Russia. *To invest up to 1 billion rubles in environmental projects in Russia related to water, agriculture and climate change.

  • *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *The UK blue chip index closed down 0.5 percent, or 29.28 points lower, at 5,841.74 points on Monday.

  • STOCKHOLM, Oct 9- Skanska AB:.

  • Czech Republic - Factors To Watch on Oct 9 Tuesday, 9 Oct 2012 | 2:28 AM ET

    PRAGUE, Oct 9- Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday. said on Monday that concentrating on core markets of Belgium and eastern Europe should increase its profitability after it has weaned itself off most state aid.

  • UPDATE 1-MegaFon says to launch London IPO Tuesday, 9 Oct 2012 | 2:28 AM ET

    MOSCOW, Oct 9- Russia's second-largest mobile phone operator MegaFon, in which Russia's richest man Alisher Usmanov took control in April, said on Tuesday it plans to launch an initial public offering on the London Stock Exchange. Shares will be sold by Nordic co-owner TeliaSonera and MegaFon itself.

  • CORRECTED-MegaFon says to launch London IPO Tuesday, 9 Oct 2012 | 2:21 AM ET

    MOSCOW, Oct 9- Russia's second-largest mobile phone operator MegaFon, in which Russia's richest man Alisher Usmanov took control in April, said on Tu esday it plans to launch an initial public offering on the London Stock Exchange.

  • RPT-MegaFon says to launch London IPO Tuesday, 9 Oct 2012 | 2:14 AM ET

    MOSCOW, Oct 8- Russia's second-largest mobile phone operator MegaFon, in which Russia's richest man Alisher Usmanov took control in April, said on Monday it plans to launch an initial public offering on the London Stock Exchange.