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  • MegaFon moves closer to London IPO-sources Friday, 5 Oct 2012 | 10:37 AM ET

    MOSCOW, Oct 5- Russia's second-largest mobile phone operator MegaFon may start pre-marketing for its London IPO next week, but is yet to make a final decision regarding timing, three sources familiar with the situation said.

  • Ukraine CPI rises 0.1 pct m/m in September Friday, 5 Oct 2012 | 10:35 AM ET

    KIEV, Oct 5- Ukrainian consumer prices rose by 0.1 percent month-on-month in September after falling by 0.3 percent in August, the State Statistics service said on Friday.

  • *Merger would form Greece's biggest lender* Shares suspended pending announcements* NBG, Eurobank hold board meetings By George Georgiopoulos and Lefteris Papadimas.

  • *Fred Hassan to become nonexecutive chairman in January. Oct 5- Avon Products Inc said Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, would step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years and sending the company's shares up nearly 6 percent.

  • PRAGUE, Oct 5- The Czech Telecommunication Office has accepted all four bids it received for a planned sale of frequencies for fourth-generation mobile telephone networks, including one from a possible new market player, it said on Friday.

  • Oil falls even after positive US jobs report Friday, 5 Oct 2012 | 9:48 AM ET

    Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.

  • Russian carmaker AvtoVAZ moves back into profit Friday, 5 Oct 2012 | 9:48 AM ET

    MOSCOW, Oct 5- Russian carmaker AvtoVAZ made an underlying net profit of 700 million roubles in the first half of the year, it reported on Friday, which compared with a 500 million-rouble loss in the same period last year despite a fall in vehicle sales.

  • Oct 05- Fitch Ratings has affirmed Slovakia- based Slovenska Sporitelna's Long-term Issuer Default Rating at' A' with a Stable Outlook and its Viability Rating at' bbb'. SLSP's Long-term IDR is equalised with that of its 100% ultimate shareholder, Erste Group Bank AG, reflecting Fitch's view that the parent would be extremely likely to provide support to SLSP.

  • MOSCOW, Oct 5- Russian Railways is likely to finance the 800 million euro purchase of a stake in logistics firm Gefco through a loan from Russian bank VTB, two industry sources told Reuters on Friday.

  • By Jan Lopatka and Martin Santa. BRATISLAVA, Oct 5- Poor European Union states must fight hard to prevent richer members from cutting development aid for the rest of this decade or growth across the entire bloc could be undermined, the head of the EU executive said on Friday.

  • CEE POWER-Czech spot, Cal'13 up on low temperatures Friday, 5 Oct 2012 | 9:11 AM ET

    *CEZ excludes Areva from nuclear tender. Power for Monday was traded at 51.50 euros per megawatt hour on the over-the-counter market, compared to 41.60 euros on the prior day, while the Cal'13 was traded at 47.20 euros, up 10 cents from Thursday.

  • Areva's bid to build Czech reactors rejected Friday, 5 Oct 2012 | 9:01 AM ET

    PRAGUE-- Czech state-run power utility CEZ says it has rejected a bid by France's state-owned nuclear engineering giant Areva SA to build two more nuclear reactors at the Temelin nuclear plant. CEZ says Areva's bid has not met necessary criteria to run for the contract, estimated to be worth more than $10 billion.

  • Russia's Sakhalin-2 sees flat oil output in 2012 Friday, 5 Oct 2012 | 8:50 AM ET

    MOSCOW, Oct 5- Russia's Pacific Sakhalin-2 project, in which Shell owns a 27.5 percent stake, expects no change to its oil production this year, a spokesman for the operator said on Friday, refuting media reports of a possible decline.

  • Poland's health care marches for job security Friday, 5 Oct 2012 | 8:40 AM ET

    WARSAW, Poland-- Thousands of health care workers are marching in Warsaw to demand higher pay and protest government plans to privatize parts of the health care system. Nurses from Belgium, France, Greece and other European Union nations also joined the Friday rally.

  • PRAGUE, Oct 5- Czech power group CEZ has disqualified Areva from a multibillion-dollar tender to expand the Temelin nuclear power plant because the French company failed to meet certain requirements for the project, CEZ said on Friday.

  • *Board did not agree whether extra easing tools needed. PRAGUE, Oct 5- The Czech central bank board is divided over whether further monetary easing is needed to prop up the recession-hit economy, minutes from the bank's Sept. 27 meeting showed on Friday.

  • ATHENS, Oct 5- Two of Greece's biggest banks, National and Eurobank, are in merger talks to create the country's biggest lender, banking sources said on Friday.

  • DUBLIN, Oct 5- Irish property developer Treasury Holdings is to be wound up, a Dublin court heard on Friday, making it one of the biggest and most high-profile casualties of a property crash that led the country into an EU/IMF bailout.

  • Genel could halt Kurdish oil exports over pay delay Friday, 5 Oct 2012 | 7:56 AM ET

    LONDON, Oct 5- Iraqi Kurdistan's leading oil producer, Genel Energy, said on Friday it may halt exports after receiving no payment three days after Baghdad insisted a transfer of funds to the semi-autonomous region had begun.

  • BUDAPEST, Oct 5- Hungary moved closer to a financing deal with foreign lenders on Friday by scrapping a disputed tax on its central bank and unveiling a swathe of new measures to keep its deficit under control.