Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.» Read More
Japan's finance minister Koriki Jojima told finance chiefs and central bank governors of the Group of Seven industrialized nations on Thursday that Japan will extend new Japanese yen loans and as earlier agreed with Myanmar will move ahead next year with clearing its sizable outstanding debt to Tokyo.
*Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.
LONDON, Oct 11- Azeri President Ilham Aliyev said oil major BP had made "false promises" about the amount of oil it would produce from its huge fields and the country's revenues were now short of $8 billion because of lower-than-expected output. He said BP had promised to sack people responsible for the shortfall in production but had not done it yet.
October 11- Following are terms and conditions. of an FRN increased on Thursday.
--According to our criteria we view Russia- based Giva Insurance Company LLC as "core" to insurance company Pomosch owing to their level of integration. --We are assigning our' B' financial strength and counterparty credit ratings and' ruA-' Russia national scale rating to Giva.
LONDON, Oct 11- Xtract Energy PLC:. *Talks with global oil shale group and co have advanced. *An initial cash payment of aud$ 50,000 payable on signing the share purchase.
AMSTERDAM, Oct 11- Dutch bank and insurer SNS Reaal, which is struggling with a loss-making property arm and must repay state aid by the end of next year, may cut hundreds of jobs at its retail banking operations, Dutch broadcaster NOS said on Thursday.
Though S&P's warning may nudge the Spanish government to make a bailout request sooner rather than later, rival agency Moody's has indicated it may cut its rating for Spain in the event of a bailout request. "It would appear that when it comes to the rating Spain is a bit between a rock and a hard place," said Gary Jenkins, managing director of Swordfish Research.
MILAN, Oct 11- Real-estate manager Prelios, which is rushing to find cash to pay its hefty debt, has agreed to start exclusive bid talks with Feidos, an Italian consortium led by real estate entrepreneur Massimo Caputi, a source close to the board told Reuters.
OSLO, Oct 11- Norwegian oil workers, who went on strike for better conditions this summer, will get a 4.5 percent pay increase but not the right to retire early, the Labour Ministry ruled in a forced dispute settlement on Thursday.
JOHANNESBURG, Oct 11- South Africa's manufacturing output beat market expectations in August, growing by 3.0 percent year-on-year in volume terms compared with a revised 6.3 percent rise in July, data showed on Thursday.
*World's No. 2 Coke drinks bottler to seek main London listing. ATHENS, Oct 11- Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland with a London listing for its shares dealt a blow to the crippled Greek economy.
AMSTERDAM, Oct 11- Dutch bank and insurer SNS Reaal may cut hundreds of jobs as a result of a reorganisation of its retail banking operations, Dutch broadcaster NOS said on Thursday, without citing a source.
STOCKHOLM, Oct 11- Chinese writer Mo Yan won the 2012 Nobel prize for literature on Thursday for works which combine "hallucinatory realism" with folk tales, history and contemporary life grounded in his native land. If you read half a page of Mo Yan you immediately recognise it as him, "said Peter Englund, head of the Academy. Mo Yan is a pen name which means "Don't speak".
JOHANNESBURG, Oct 11- South Africa's manufacturing output beat market expectations in August, growing by 3.0 percent year-on-year in volume terms compared with a revised 6.3 percent rise in July, data showed on Thursday. ANALYST COMMENT NICKY WEIMAR, SENIOR ECONOMIST, NEDBANK.
Turkish shares were trading at their highest in 16- months, buoyed by hopes that ratings agency Fitch, due to conduct an annual review of Turkey soon, will upgrade its credit rating.
LONDON, Oct 11- U.S. crude futures rose more than $1 a barrel on Thursday, as rising tension between Syria and Turkey and a supply crunch in oil products pushed prices higher. November crude was up 99 cents at $92.24 a barrel by 1120 GMT, after rising to $92.31. Brent crude was up 89 cents at $115.22.
Oct 11- Fitch Ratings has affirmed Sunderland Marine Mutual Insurance Company's Insurer Financial Strength Rating at' A-' with a Negative Outlook. The affirmation reflects Fitch's assessment that SMMI's capital adequacy, as assessed by Fitch, has remained supportive of the rating despite the company incurring a material loss of GBP8.0m in 2011.
Technology provider e2v Technologies falls 1.8 percent in heavy trading volumes of 20 times its 90- day daily average after a warning that it would miss its targets for the year. Sepura gains 4 percent on its stock price after the release of a trading statement detailing a strong first half performance and new business in North America.
*FTSE up 0.6 pct after three-session losing streak. LONDON, Oct 11- UK shares bounced back on Thursday following early declines, led by banks and miners as investors shifted through risk-sensitive stocks for bargains. At 1054 GMT, the FTSE 100.