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  • --ContourGlobal Power Holdings S.A. is issuing a $350 million senior secured term loan with a five-year term. The loan is supported by a guarantee from ContourGlobal L.P., the parent.

  • WHY IT MATTERS: Defense spending Tuesday, 2 Oct 2012 | 1:26 PM ET

    In the aftermath of the 9/ 11 terrorist attacks the money spigot was turned wide open, pouring hundreds of billions of dollars into the wars in Iraq and Afghanistan and expanding the armed forces. He reasons that a new era of austerity at the Pentagon won't hurt American security.

  • UPDATE 2-Strong BCP cash call keeps state away Tuesday, 2 Oct 2012 | 1:18 PM ET

    LISBON, Oct 2- A 500 million euros cash call by Portugal's Millennium BCP, was fully subscribed by private investors, meaning the state will not become a shareholder, the bank's chief executive said.

  • MOSCOW, Oct 2- The first year-long mission to the International Space Station may begin i n March 2015, following an agreement between ISS partners who have previously sent crews for six months, the Russian space agency director said on Tuesday.

  • BRUSSELS, Oct 2- Europe's nuclear reactors need investment of 10- 25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan's Fukushima cannot happen.

  • KIEV, Oct 2- Ukraine's parliament on Tuesday took a first step to making the promotion of homosexuality a criminal offence punishable by prison despite appeals from local and foreign human rights groups who said the move was discriminatory.

  • MOSCOW, Oct 2- Europe should cut taxes levied on gas deliveries rather than ask Russia's gas export monopoly to cut its prices, Russian President Vladimir Putin said on Tuesday.

  • BRUSSELS, Oct 2- Europe's nuclear reactors need investment of 10- 25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan's Fukushima cannot happen.

  • Poland prices 3.375% EUR1.75bn July 2024 bond Tuesday, 2 Oct 2012 | 10:49 AM ET

    LONDON, Oct 2- The Republic of Poland priced its 3.375% EUR1.75bn 12- year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB on Tuesday. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bond has a spread of 143 bp over mid-swaps and a reoffer price of 99.195, confirmed lead banks.

  • Russian lawyer's mom urges new look into his death Tuesday, 2 Oct 2012 | 10:44 AM ET

    MOSCOW-- The mother of a whistleblowing Russian lawyer who died in prison made an emotional appeal Tuesday for a new inquiry into his death while testifying against a former prison doctor. Magnitsky was arrested in 2008 by the same Interior Ministry officials whom he accused of using false tax documents to steal $230 million from the state.

  • WARSAW, Oct 2- Poland top utility PGE said on Tuesday it would continue its 11.6- billion zloty investment in new power units after a court ruling lifted an environmental ban on Poland's largest power contract to date.

  • By Katya Golubkova and Lidia Kelly. MOSCOW, Oct 2- Russian President Vladimir Putin said he was worried about rising inflation but stopped short of calling for curbs on grain exports to contain food prices after drought decimated this year's harvest.

  • By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."

  • MOSCOW, Oct 2- Russia's second largest oil producer, LUKOIL, has signed an agreement with Ivory Coast to explore for oil off the West African country's shore, the company said on Tuesday. LUKOIL's production in Russia has been falling due to declining output at depleted oilfields in Western Siberia.

  • Eccentric billionaire likely to lead country Tuesday, 2 Oct 2012 | 10:13 AM ET

    Bidzina Ivanishvili, a onetime barefoot village boy turned eccentric billionaire philanthropist, is poised to become the new leader of Georgia, a strategic South Caucasus country that lives in the shadows of giant neighbor Russia.

  • Rosneft CEO to meet investors in London on Friday Tuesday, 2 Oct 2012 | 10:07 AM ET

    MOSCOW, Oct 2- Igor Sechin, chief executive of Rosneft, a contender to buy BP's stake in a Russian rival TNK-BP, will meet with minority shareholders in London on Friday, a Rosneft spokesman said. The CEO has said BP could use some proceeds from a planned sale of its stake in TNK-BP, its Russian joint venture, to buy a direct equity stake in Rosneft.

  • SOFIA, Oct 2- The International Monetary Fund praised Bulgaria's plans to keep its budget deficit at 1.3 percent of gross domestic product next year but urged the government to resist pressures to increase spending in an election year.

  • MOSCOW, Oct 2- Inter RAO Lietuva, a Baltic electricity trader 51 percent owned by Russia's Inter RAO, plans to hold an initial public offering in Warsaw at the end of 2012 or the beginning of 2013, an Inter RAO official said.

  • Poland sets final terms on EUR1.75bn July 2024 Tuesday, 2 Oct 2012 | 9:56 AM ET

    LONDON, Oct 2- The Republic of Poland has set final terms on its EUR1.75bn 12 year bond due July 9 2024 via Commerzbank, HSBC, ING and SG CIB. Order books for the A2/A-/A- rated deal closed at EUR3.5bn before reconciliation. The bonds will have a spread of 143 bp over mid-swaps once priced, which will occur shortly, a manager said.

  • PRAGUE, Oct 2- Czech and Slovak spot prices plunged on Tuesday ahead of a national holiday in Germany that sapped demand in the region while Hungary day ahead surged as the central European country remained short of supply, traders said.