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When German officials said they would save the euro zone at all costs, the prospect of bailing out Russian oligarchs was not what they had in mind, the New York Times reports.
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PARIS, Oct 1- Fresh from the successful re-launch of sleepy French shoemaker Roger Vivier, Italy's king of luxury Tod's Chairman Diego Della Valle is resuscitating Schiaparelli, a fashion brand inspired by Surrealists that has lain dormant since 1954..
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BRATISLAVA, Oct 1- The Slovak government's decision to double a levy on bank deposits will hurt banks' profitability and creditworthiness and eventually dent their loan capacity, credit rating agency Moody's said on Monday in a special report.
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*Goldman Sachs jumps 4 percent on Barron's view. NEW YORK, Oct 1- Wall Street advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe. Financial stocks led the market's advance with Goldman Sachs Group.
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MOSCOW-- Facebook head Mark Zuckerberg was in Moscow on Monday, where top officials were pressing him to expand the company's operations in Russia. A Facebook spokeswoman, who refused to be named because she wasn't authorized to discuss the matter with the media, said the company has no immediate expansion plans for Russia.
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*UK could use "golden share" to block deal unless terms met. BERLIN/ PARIS, Oct 1- EADS and BAE Systems battled to rescue their $45 billion merger plan from a barrage of competing interests on Monday as governments and shareholders staked out positions in tense negotiations to try to forge the world's largest arms firm.
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*China official PMI expected at 0100 GMT. *China, Hong Kong, Seoul markets closed for holiday. Several Asian markets are closed for holidays on Monday, including China, Hong Kong and South Korea, keeping activity subdued.
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"The stake in Erste Group controlled by Erste Foundation after the transaction will amount to an approximate 20.2 percent," a statement said, adding the foundation was not planning any further share sales.
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In the Platts window, Statoil bought a Urals cargo from Gunvor loading Oct 14-18 from Primorsk at dated Brent minus $1.90 per barrel, some 45 cents weaker than prices last week. Azeri Light also weakened by 50 cents after Socar offered the grade from Supsa or Ceyhan for Oct 19-23 delivery at dated Brent plus $2.50.
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SINGAPORE, Oct 1- U.S. crude weakened to below $92 a barrel on Monday as increasing worries about the euro zone debt crisis and its impact on oil demand deterred investors, while a stronger dollar added to pressure on prices. *NYMEX crude for November delivery was down 69 cents at $91.51 a barrel by 0000 GMT, after settling up 34 cents at $92.19 on Friday.
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ATHENS, Oct 1- Greece's international lenders have demanded additional details on Athens' proposals in an austerity package worth nearly 12 billion euros, the finance minister said on Monday. "There are discussions on the measures.
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WASHINGTON-- The U.S. Federal Aviation Administration is fining British Airways up to $250,000 for advertising fares that didn't fully disclose taxes and fees that passengers must pay.
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MILAN, Oct 1- Building strategic agricultural stocks to curb market volatility, as proposed by France, is not the most effective way to tame food prices, EU Development Commissioner Andris Piebalgs said on Monday.
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MILAN, Oct 1- New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday. In August, Italian car sales dropped 20.23 percent. Earlier on Monday, car sales in France and Spain dropped 18 percent and 37 percent this year, industry groups in those countries said.
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TOKYO, Oct 1- Big Japanese manufacturers' business mood worsened in the three months to September and will stay gloomy, the central bank's tankan survey showed, a sign slowing global growth and a stubbornly strong yen was hurting the world's third-largest economy.
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LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
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TIRANA, Oct 1- Austria's DCM DECOmetal plans to invest in the Bulqiza chrome mine in Albania, betting on an improvement in the ferrochrome market and meeting one of the demands made by strikers who helped push the company into a loss last year.
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LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.
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MILAN, Oct 1- The main shareholder of Banca Monte dei Paschi di Siena said on Monday it had sold on the market a 1.41 percent stake in the world's oldest bank. Monte Paschi, the country's third-biggest lender, was forced to request state aid in June to plug a capital shortfall and meet tougher European requirements.
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LONDON, Oct 1- Spanish bond yields fell on Monday after an audit of the country's banks produced a shortfall estimate in line with market expectations, although enthusiasm was limited by a number of lingering uncertainties on Spain.
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LONDON, Oct 1- Britain's financial watchdog has contacted 24 investment firms warning them not to try to dodge reforms aimed at stopping life insurers and fund management companies offering sweeteners to advisers selling their products.