An EU source told CNBC that a full EU summit of all 28 heads of state will likely take place on Sunday.» Read More
By Dasha Afanasieva and Kirstin Ridley. LONDON, Oct 2- A former UBS trader wept in a London court on Tuesday after reading an email in which "rogue trader" Kweku Adoboli, a former colleague accused of fraud, admitted to unauthorised trades that risked undermining the Swiss bank and colleagues.
BEIJING, Oct 3- China quietly deferred a request by North Korea for its young leader to visit last month because the Chinese leadership was preoccupied with its once-in-a-decade leadership change and a host of other distractions, two independent sources said.
LONDON-- Markets were subdued Wednesday as investors awaited a run of U.S. economic figures and after Spain's prime minister indicated his cash-strapped country would not request a bailout imminently.
LONDON, Oct 3- France's Areva has dropped out of the race to buy British nuclear new-build project Horizon, a source familiar with the deal said, three months after announcing it was bidding for it with China Guangdong Nuclear Power Holding.
MILAN, Oct 3- The European Commission said on Wednesday interruptibility contracts in Sardinia and Sicily allowing companies to pay less for their electricity do not constitute state aid. In a statement, the Commission said it had authorised an extension for the use of such contracts until 2015..
JOHANNESBURG, Oct 3- Richard Brasher, the former UK head of Tesco, has been appointed chief executive of South Africa's No.2 grocer Pick n Pay as the retailer looks for ways to regain domestic market share and fend off encroachment from U.S. giant Wal-Mart.
*Iceland c.bank keeps rates unchanged. STOCKHOLM, Oct 3- Iceland's central bank kept interest rates unchanged at 5.75 percent on Wednesday and said it expected to have to tighten policy in the near future as its economy recovers.
Oct 03- Fitch Ratings has assigned Great Places Housing Group Limited's proposed GBP200m secured bonds an expected Long-term local currency rating of' AA-'.
*British Columbia Premier Christy Clark has issued a veiled threat to withhold electricity needed to operate controversial oil sands pipelines if the projects do not meet her demands.
BRUSSELS, Oct 3- EU competition regulators cleared on Wednesday public loans granted to German carrier Lufthansa and Munich Airport to build a second terminal, saying the companies paid market rates for the loans. The European Commission opened an investigation into the matter four years ago following a complaint from Irish low-cost airline Ryanair.
The clashes broke out two days after Kyrgyzstan's Prime Minister Zhantoro Satybaldiyev travelled to the Kumtor gold mine operated by Canada's Centerra Gold Inc and gave assurances the venture would not be nationalised. "Bureaucrats in the government promised that they would take Kumtor back and it would work for the good of the people...
*Poland seen cutting rates as slowdown deepens. PRAGUE, Oct 3- The zloty led losses in central European currencies on Wednesday, while Polish bonds were a tad stronger ahead of a central bank decision, which is expected to make the third cut in interest rates in the region in a week. By 0909 GMT, the zloty.
*Tanzania claims 50 pct of lake, Malawi all of it. LILONGWE, Oct 3- Malawi has cut off dialogue with Tanzania in a long-time territorial dispute concerning Lake Malawi, thought to sit over highly coveted oil and gas reserves. Malawi claims sovereignty over the entirety of Africa's third largest lake, while Tanzania says 50 percent is part of its territory.
BRUSSELS, Oct 3- Banking supervision, the single market, a centralised euro zone budget, a single bank resolution fund, direct recapitalisation of banks from rescue funds and much stricter fiscal oversight.
*First female FTSE CEO to step down at year end. *Move sparks speculation of FT Group sale. The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would only be sold "over my dead body".
--We have lowered our ratings on the class A1, A2, and A3 notes in Fastnet Securities 6, based on the application of 2012 counterparty criteria and our general criteria for ratings. --Fastnet Securities 6 is an Irish RMBS transaction with loans originated by Permanent TSB.
BRUSSELS, Oct 3- Greek gambling monopoly OPAP. "Greece has cooperated fully with the Commission to ensure that OPAP will not benefit from any undue financial advantage through the prolongation of its exclusive rights and its license for video lottery terminals," EU Competition Commissioner Joaquin Almunia said in a statement.
LONDON, Oct 3- Capita PLC:. *Criminal records bureau contract update. Capita beyond 31 March 2013.
*Germany needs to put up with higher inflation. BUDAPEST, Oct 3- The world economy will take at least 10 years to emerge from the financial crisis that began in 2008, the International Monetary Fund's Chief Economist Olivier Blanchard said in an interview published on Wednesday.
Shares in homeware retailer Dunelm Group Plc rise as much as 6.68 percent to touch a new lifetime high after the company reports a growth in its first quarter sales. "First quarter like-for-like sales up 3 percent, a solid performance in a volatile quarter, outperforming a weak underlying market," says Peel Hunt analyst John Stevenson in a note.