A look at some of Kelly Evans' best moments while reporting from Europe for CNBC.» Read More
LONDON, Oct 8- A UBS trader raised the issue of a "slush account" in an electronic chat with accused fraudster Kweku Adoboli in March 2011, a London court heard on Monday. Appearing as a witness at Adoboli's criminal trial, trader Darren Bailey said he was "genuinely shocked" by the comment he himself had made and did not know what he was referring to at the time.
LONDON, Oct 8- West African crude oil differentials slipped on Monday as a glut of unsold cargoes for loading in November showed that a range of grades were out of favour. Demand from China was reported to be lower, in part due to refinery outages and the closure of three Sinopec plants due to environmental problems.
LONDON/ PARIS, Oct 8- A group of seven multinational companies has told the British government that they could halt their investment in the UK green energy sector if state support for renewable energy wanes.
LONDON, Oct 8- Richland Resources Ltd:. *Tanzania ministry has informed co it will not provide support to mining. *Ministry informed co it will not provide support until claim for unpaid.
AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's veteran president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.
MOSCOW, Oct 8- Gazprom on Monday launched the second line of the Nord Stream pipeline which brings Russian gas to Germany via the bed of the Baltic Sea, but actual gas volumes remained unchanged due to lack of sufficient growth in demand.
LONDON, Oct 8- Dexion Equity Alternative Ltd:. *Alt.- recommended proposals for a voluntary winding up. *Believes it is appropriate to proceed directly with members' voluntary.
By Marc Jones and Aimee Donnellan. LONDON, Oct 8- The European Central Bank will end its second covered bond purchase programme at the start of November as planned, euro zone monetary sources say, despite having spent less than half the money set aside for it.
*Marathon to purchase refinery for $598 million. Oct 8- Marathon Petroleum Corp struck a deal to buy BP's Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that would make Marathon the fourth-largest refiner in the United States.
LONDON, Oct 8- The European Stability Mechanism has appointed Deutsche Bank, RBS and SG CIB to arrange investor meetings across Europe in early November, bank sources said. The roadshow will take place in London, Frankfurt and Paris, with sources saying the eurozone sovereign rescue fund will target its first bond offering for early January.
*World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.
NEW YORK-- A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States.
The U.K.s triple-A credit rating may be in doubt but finance minister George Osborne has told CNBC that the countrys austerity drive has attracted overseas investment and that he will continue to tackle the debt problems head on.
LONDON, Oct 8- A UBS analyst who queried deals booked by accused fraudster Kweku Adoboli thought his trading desk was "very messy" but did not suspect anything illegal, a London court heard on Monday. Adoboli, 32, is on trial at Southwark Crown Court accused of fraud and false accounting that cost UBS $2.3 billion.
NEW YORK, Oct 8- U.S. stocks fell on Monday after the World Bank cut its growth forecasts for East Asia, underscoring concerns about the global economic climate and corporate profits on the cusp of the kickoff of the quarterly earnings season. The Nasdaq Composite Index was down 16.92 points, or 0.54 percent, at 3,119.27.
*Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.
LONDON, Oct 8- The European Stability Mechanism has appointed Deutsche Bank, RBS and SG CIB to arrange investor meetings across Europe in early November, bank sources said. The roadshow will take place in London, Frankfurt and Paris, with sources saying the eurozone sovereign rescue fund will target its first bond offering in early January.
LONDON, Oct 8- Aseana Properties Ltd:. *Decided to consider shareholder feedback, review reorganisation proposals. to take place in December 2012.
MOSCOW, Oct 8- MegaFon, Russia's second-largest mobile phone operator, will start pre-marketing for its London initial public offering on Tuesday, several financial market sources said.
*Critics have accused BBC of cover-up. LONDON, Oct 8- Britain's BBC on Monday apologised to a group of women who allege that one of the state-funded broadcaster's top entertainers sexually abused them decades ago, a scandal that has raised questions about the BBC's judgment then and now.