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  • PRESS DIGEST-Canada-Oct 3 Wednesday, 3 Oct 2012 | 6:05 AM ET

    *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.

  • EU regulators approve Munich airport, Lufthansa loans Wednesday, 3 Oct 2012 | 6:04 AM ET

    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.

  • Malawi halts talks with Tanzania on border dispute Wednesday, 3 Oct 2012 | 5:58 AM ET

    *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.

  • EU facing a summit packed with pitfalls Wednesday, 3 Oct 2012 | 5:57 AM ET

    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.

  • EU regulators okay OPAP exclusive betting rights Wednesday, 3 Oct 2012 | 5:45 AM ET

    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.

  • IMF chief economist says crisis will last a decade Wednesday, 3 Oct 2012 | 5:40 AM ET

    *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.

  • STOCKS NEWS EUROPE-Dunelm rises on higher sales Wednesday, 3 Oct 2012 | 5:38 AM ET

    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.

  • Euribor bank-to-bank rates hit record lows Wednesday, 3 Oct 2012 | 5:38 AM ET

    LONDON, Oct 3- Key Euribor bank-to-bank lending 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.

  • Blackstone joins with Anacap for bank deals -source Wednesday, 3 Oct 2012 | 5:37 AM ET

    LONDON, Oct 3- Blackstone has set up a joint venture with mid-sized rival Anacap to hunt for private equity deals in Europe's embattled banking sector, a person familiar with the situation said. Blackstone has a long track record of investing in financial services in the United States, but has found it more difficult to find banking investments in Europe.

  • Bulgaria raises $43 mln in Energo-Pro share sales Wednesday, 3 Oct 2012 | 5:35 AM ET

    SOFIA, Oct 3- Bulgaria has sold the bulk of its 33 percent holding in two newly listed local power distribution companies controlled by Czech power firm Energo-Pro, raising 64.67 million levs in a public share offer, data from the Bulgarian stock exchange showed on Wednesday.

  • European shares pare early losses as banks rally Wednesday, 3 Oct 2012 | 5:34 AM ET

    PARIS, Oct 3- European stocks pared early losses and turned flat on Wednesday morning, as banking stocks rallied on expectations that Spain will soon request a bailout, offsetting worries about Chinese economy following grim macro data.

  • Bulgaria raises $43 mln in Energo Pro share sales Wednesday, 3 Oct 2012 | 5:34 AM ET

    SOFIA, Oct 3- Bulgaria has sold the bulk of its 33 percent holding in two newly listed local power distribution companies controlled by Czech power firm Energo-Pro, raising 64.67 million levs in a public share offer, data from the Bulgarian stock exchange showed on Wednesday.

  • Erste Group sees global equities as having a positive outlook for the fourth quarter of 2012..

  • Shares in Italy's biggest publishing house Mondadori rise more than 9 percent to a 10- day high as Mediobanca upgrades the stock to' outperform' from' neutral' citing strong prospects for its books business.

  • "There will be some pressure on banks in the short term due to the unexpected recommendations for real estate credit portfolios," Banco Espirito Santo say in a note to clients. It downgrades Deutsche Bank to "sell", whose shares are up 1.3 percent, albeit in light volumes of trading due to a public holiday in Germany.

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