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  • UPDATE 1-Talanx shares rise in IPO debut Tuesday, 2 Oct 2012 | 5:07 AM ET

    *Talanx CEO says no big takeovers planned in next 2 years. FRANKFURT, Oct 2- Shares in Talanx, Germany's third-biggest insurer, opened higher in their Frankfurt stock market debut on Tuesday, vindicating the company's decision to go ahead with the share sale after hesitating last month over the state of Europe's fragile IPO market.

  • WARSAW, Oct 2- A Polish court ordered the re-examination of a block on a 11.6- billion zloty power investment by utility PGE in a setback to environmentalists opposing the project.

  • *Trafigura may not own 8 pct of Norilsk- Potanin By Polina Devitt and Clara Ferreira-Marques. MOSCOW, Sept 28- Vladimir Potanin, the largest shareholder in Russia's Norilsk Nickel, told Reuters that tensions had escalated with the other main owner of the world's top nickel and palladium producer, dashing hopes of a keenly awaited reconciliation.

  • KIEV, Oct 2- The Ukrainian parliament on Tuesday scrapped a draft bill which would have made defamation a crime punishable by jail, a move the opposition and media had feared was a step towards censorship before a parliamentary election later this month.

  • *Trafigura may not own 8 pct of Norilsk- Potanin By Polina Devitt and Clara Ferreira-Marques. MOSCOW, Sept 28- Vladimir Potanin, the largest shareholder in Russia's Norilsk Nickel, told Reuters that tensions had escalated with the other main owner of the world's top nickel and palladium producer, dashing hopes of a keenly awaited reconciliation.

  • MOSCOW, Oct 2- Novatek, Russia's largest producer of gas outside the state controlled Gazprom group, said it sealed its second deal to sell gas to a major Russian steelmaker. Severstal will buy 12 billion cubic metres over five years starting next year, a far smaller contract than the 50 bcm contracted by Magnitogorsk Iron& Steel in late June.

  • Alstom shares are the worst performers on the CAC 40 index, sliding over 7 percent at the open after the company's 350 million euro capital hike to help pay for a 25 percent investment in Russia's Transmashholding.

  • The A2/A-/A- rated issuer mandated Commerzbank, HSBC, ING and SG CIB for the transaction that is expected to be priced today.

  • Russian oil output seen flat to 2020-EconMin Tuesday, 2 Oct 2012 | 4:00 AM ET

    MOSCOW, Oct 2- Russia's oil production is likely to remain roughly unchanged through to the end of this decade, Economy Minister Andrei Belousov said on Tuesday, adding that exports would be squeezed by rising domestic demand.

  • *Inflation a greater risk than economic slowdown. MOSCOW, Oct 2- Russia's central bank may hold or raise interest rates at its meeting this week, a policymaker said on Tuesday, signalling the bank's strong focus on inflation after it made a surprise hike last month.

  • PRESS DIGEST - RUSSIA - Oct 2 Tuesday, 2 Oct 2012 | 3:35 AM ET

    MOSCOW, Oct 2- The following are some of the leading stories in Russia's newspapers on Tuesday. -Russia's main lender Sberbank raised its mortgage rates to 13.25 percent with analysts expecting other banks to follow. -Russian drug traders make up to 20 billion roubles a year, head of Russia's anti-drug watchdog Victor Ivanov says in an interview.

  • Russia's Mechel swings to $823 mln net loss in Q2 Tuesday, 2 Oct 2012 | 3:28 AM ET

    MOSCOW, Oct 2- Russian steel and coal miner Mechel reported on Tuesday a surprise $823 million net loss for the second quarter of 2012, compared to a $192 million net profit as reported in the year-earlier period. Stripping off impairment charges, the net loss amounted to $177 million, the company said in a statement.

  • WARSAW, Oct 2- Environmental group ClientEarth, which has blocked Polish top utility PGE's 11.6- billion zloty power project said on Tuesday the latest court ruling lifted the investment ban. Earlier, a Polish court ordered a re-examination of the stalled investment, which could still delay Poland's largest power sector contract to date.

  • *Decision further delays Poland's No.1 power sector deal. WARSAW, Oct 2- A Polish court on Tuesday ordered a re-examination of the 11.6- billion zloty investment in new power units by Poland's top utility PGE, further delaying the construction project keenly awaited by local builders.

  • Romania PPI up 7.2 pct y/y in August Tuesday, 2 Oct 2012 | 3:02 AM ET

    BUCHAREST, Oct 2- Romanian industrial producer prices. rose 7.2 percent on the year in August and were up 1.3 percent on the month, data from the National Statistics Board showed on Tuesday. Following is a table of August industrial producer price figures.

  • MOSCOW, Oct 2- Russia's central bank may hold or raise interest rates at its policy meeting this week, a senior official said on Tuesday, signalling the bank's tightening bias after its surprise rate hike last month.

  • UPDATE 2-NORDIC STOCKS - Factors to watch on Oct 2 Tuesday, 2 Oct 2012 | 2:45 AM ET

    HELSINKI, Oct 2- The following stocks may be affected by newspaper reports and other factors on Tuesday:. The Danish pharmaceutical group and its Japanese partner, Takeda Pharmaceutical Co, have submitted an application to the U.S. Food and Drug Administration for approval of its antidepressant, vortioxetine, Lundbeck said on Tuesday.

  • WARSAW, Oct 2- A Polish court on Tuesday ordered a re-examination of the 11.6- billion zloty investment in new power units by Poland's top utility PGE, further delaying the construction project keenly awaited by troubled local builders.

  • MOSCOW, Oct 2- Russia's oil output, the world's largest, edged up 0.3 percent in September compared with August to reach a new post-Soviet high of 10.41 million barrels per day on the back of oil price increases, Energy Ministry data showed on Tuesday. In tonnes, Russia's crude production stood at 42.59 million last month, the ministry said.

  • Czech Republic - Factors To Watch on Oct 2 Tuesday, 2 Oct 2012 | 2:30 AM ET

    PRAGUE, Oct 2- Here are news stories, press reports and events to watch which may affect Czech financial markets on Tuesday. EUROBOND: The Czech Republic took advantage of record low yields to raise funds for 2013, surprising markets with a 750 million euro reopening of a 10- year Eurobond.