As many as 700 people were feared dead after a fishing boat packed with migrants capsized off the Libyan coast overnight, officials said on Sunday.» Read More
WARSAW, Oct 12- The biggest shareholder in beleaguered Polish builder Polimex on Friday proposed watering down the management's plan to raise around 500 million zlotys, three days before the plan is to be voted on by shareholders.
FRANKFURT, Oct 12- Germany's BASF, the world's largest chemicals maker, said it would be buying part of Ciech SA's global business in TDI, a key component used in furniture and automotive industries. Both parties agreed not to disclose financial details of the agreement, BASF said. Closing is expected in the first quarter of 2013..
TOKYO, Oct 13- British finance minister George Osborne on Saturday blamed an effective German veto for the failure of a $45 billion merger between British defence firm BAE.
TOKYO, Oct 13- Many Western economies are failing to face up to their responsibilities in the face of heavy economic headwinds, British finance minister George Osborne said on Saturday.
MILAN, Oct 12- Italian Prime Minister Mario Monti said on Friday that any request by Spain for European Union support to shore up its public accounts would calm financial markets.
PARIS, Oct 12- France supports the IMF's call to give indebted southern European countries more time to improve their finances, Finance Minister Pierre Moscovici told a newspaper on Friday, putting Paris at loggerheads with Berlin.
LONDON, Oct 12- Bosideng International Holdings, China's largest maker and distributor of down clothing, is eyeing store openings in Milan and New York if its first overseas venture in London proves a hit with the British capital's shoppers.
MOSCOW, Oct 12- TNK-BP will appoint its former head of power and gas to temporarily run the upstream division after the departure of Alexander Dodds, two sources close to the Anglo-Russian oil venture said on Friday.
By Sinead Cruise and Chris Vellacott. LONDON, Oct 12- A plan to allow British employers to give shares to workers who sign away employee rights could leave the same staff with soaring tax bills, experts warn.
*Turkey- Syria tensions, lower N. Sea output support. Brent and U.S. crude remained on track to post weekly gains of around 2 percent, as the turmoil in the Middle East, especially in Syria, continues to intensify.
LONDON, Oct 12- Britain's' Big Six' energy suppliers, which control 99 percent of the market, are expected to increase energy tariffs this winter following a rise in underlying wholesale prices, network costs and mandatory government schemes to reduce carbon emissions and help disadvantaged households.
The FTSE Small Caps index closes 0.3 percent higher, outperforming falls of 0.6 percent on the FTSE 100 and 0.5 percent on the FTSE 250. Morgan Sindall gains 1.3 percent as the UK construction and regeneration group says it has been appointed preferred delivery partner for a 1.1 billion pounds contract at the Sellafield nuclear reprocessing plant.
BRATISLAVA- The legal deadline for the government to submit the 2013 state budget draft to the parliament. BRATISLAVA- The finance ministry's Debt and Liquidity Management Agency to auction 4.35 percent coupon state bonds due Oct. 2025.
*Stocks' bull run expected to continue. NAIROBI, Oct 12- The Kenyan shilling. At the 1300 GMT market close, commercial banks quoted the shilling at 85.00/ 20 to the dollar, slightly firmer than Thursday's close of 85.10/ 30..
*STMicroelectronics rallies on break-up talk. LONDON, Oct 12- European blue chip shares ended the week in negative territory with weakness in commodity stocks outpacing gains in healthcare and consumer staples.
SAN FRANCISCO, Oct 12- Micron Technology's chief executive said he expects to complete the acquisition of failed Japanese memory chipmaker Elpida Memory Inc in the first half of next year, despite opposition from a group of bondholders.
PODGORICA, Montenegro-- A politician who has ruled Montenegro as president, prime minister and behind-the-scenes power broker could end up leading his country again, if the polls about this weekend's election are correct.
LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.
--We are assigning our' BBB-' issue rating to Prologis European Properties Fund II FCP' s proposed $300 million senior unsecured notes to be issued through its financing vehicle Prologis International Funding II S.A..
LONDON-- A U.K. watchdog has launched its biggest-ever investigation into police actions, opening a new inquiry Friday into the 1989 Hillsborough stadium disaster that left 96 fans dead and whole communities angry over a decades-long police cover-up.