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  • Greece looks out to sea for gas wealth salvation Wednesday, 3 Oct 2012 | 8:13 AM ET

    LONDON/ MILAN, Oct 3- Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.

  • UK government ditches rail contract Wednesday, 3 Oct 2012 | 8:11 AM ET

    LONDON-- The British government's rail policy was thrown into chaos Wednesday after it canceled a disputed contract to run one of the country's busiest lines following the discovery of "unacceptable mistakes" in the way it awarded the franchise.

  • LONDON, Oct 3- National Grid PLC:. *National Grid and Long Island Power Authority announce new long-term power. *Agreed to modify and extend their existing power supply agreement for at.

  • TIMELINE-Clashes and protests in Iran Wednesday, 3 Oct 2012 | 8:11 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • TIMELINE-Clashes in Iran Wednesday, 3 Oct 2012 | 8:08 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • US STOCKS-Futures little changed ahead of data Wednesday, 3 Oct 2012 | 8:07 AM ET

    *Best Buy founder, private equity firms, examine books. *Motorola Mobility drops patent complaint against Apple. NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data.

  • LONDON, Oct 3- Key Euribor and Libor bank-to-bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year-long slide.

  • Deutsche Bank seen hardest hit by Liikanen reforms Wednesday, 3 Oct 2012 | 8:04 AM ET

    LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.

  • European shares edge lower, all eyes on Spain Wednesday, 3 Oct 2012 | 8:02 AM ET

    PARIS, Oct 3- European stocks edged down on Wednesday, adding to the previous session's losses, weighed down by doubts about whether Spain will soon request a bailout and further signs of a slowdown in China and Europe.

  • UPDATE 1-EU to decide on Glencore-Xstrata deal by Nov 8 Wednesday, 3 Oct 2012 | 7:44 AM ET

    *Glencore bidding for shares in Xstrata not already owned. BRUSSELS/ LONDON, Oct 3- EU antitrust regulators have set a Nov. 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe.

  • RLPC-3i consortium kicks off sale of Labco - sources Wednesday, 3 Oct 2012 | 7:40 AM ET

    LONDON, Oct 3- A consortium led by private equity firm 3 i has kicked off the sale process for its majority stake in French medical-diagnostics company Labco, banking sources said on Wednesday.

  • *Economy Minister de Guindos to meet London investors. MADRID, Oct 3- Spain's Economy Minister Luis de Guindos will meet investors in London on Thursday in the hope of tempting them to buy into the country's newly-formed bad bank that will house billions of euros worth of soured real estate assets.

  • UPDATE 1-Capita loses out on criminal records contract Wednesday, 3 Oct 2012 | 7:32 AM ET

    *Says Home Office to select alternative supplier. LONDON, Oct 3- British outsourcing firm Capita. Capita shares, which started the day 18 percent up on three months ago, were down 2 percent to 760 pence in heavy trade at 1114 GMT, the biggest FTSE100 faller.

  • Britain to get 4G superfast mobile from Oct 30 Wednesday, 3 Oct 2012 | 7:32 AM ET

    LONDON, Oct 3- Britain's biggest mobile operator EE said on Wednesday it would launch the country's first superfast mobile broadband service at the end of October.

  • US STOCKS-Futures flat ahead of labor, services data Wednesday, 3 Oct 2012 | 7:32 AM ET

    NEW YORK, Oct 3- U.S. stock index futures were little changed Wednesday as expectations that Spain will request a bailout offset concern over a slowing Chinese economy, with modest volume indicating a pause ahead of the release of key U.S. data. *Automatic Data Processing releases its September employment report at 8:15 a.m. ET.

  • UPDATE 5-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 7:30 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1054 GMT.

  • Brasher, who will start in February 2013, will take over the retailer as it fights to defend market share from domestic rivals, including the local unit of U.S. retailer Wal-Mart. Shares of Kumba Iron Ore fall more than 2 percent after a union says that workers at the company's Sishen mine in South Africa's Northern Cape province have gone on an illegal strike.

  • *FirstGroup shares fall 18 pct; company says followed guidelines.

  • GLOBAL ECONOMY-Europe's woes deepen and China slows Wednesday, 3 Oct 2012 | 7:03 AM ET

    *Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.

  • UK's FTSE edges up, yet further gains seen limited Wednesday, 3 Oct 2012 | 6:59 AM ET

    *FTSE 100 edges up 0.1 percent, lifted by bank and mining stocks. The blue-chip FTSE 100 index was up 0.1 percent, or 4.25 points, at 5,813.70 points around midday. Signs of the index holding above the 5,800 point level-- seen by many technical traders as key to propelling further gains-- have enabled modest, short-term increases on the FTSE 100 this week.