A currency trader has absconded with $203 million in investors’ cash, in an alleged fraud that could prove to be Britain's answer to the Madoff case.» Read More
Oct 10- The Czech Republic's gross central government debt rose to 1.652 trillion crowns at the end of Sept, from 1.636 trillion crowns at the end of June, the Finance Ministry said on Wednesday. In the third quarter, a 0.9 billion crown loan tranche was drawn from the European Investment Bank.
OSLO, Oct 10- Norway's energy-adjusted consumer prices rose 0.9 percent year-on-year in September, at the same pace as in August, the central bank said on Wednesday. The August figure was unrevised. Norges Bank publishes energy-adjusted CPI on the same day as Statistics Norway issues other inflation data.
Oct 10- Standard& Poor's Ratings Services said today that it had assigned its' BBB-' long-term issue rating to the proposed senior unsecured notes to be issued by Turkish beverage group Anadolu Efes Biracilik ve Malt Sanayii AS.
BIRMINGHAM, England, Oct 10- British Defence Minister Philip Hammond said on Wednesday he expected an announcement on a proposed merger between EADS and BAE "any minute".
BRUSSELS, Oct 10- The European Union said on Wednesday it had reduced the duties imposed on screws and bolts from China after the World Trade Organisation found flaws in the way they were initially calculated. China is a subject in 21 of the European Commission's 41 ongoing investigations into subsidies and dumping.
MOSCOW, Oct 10- Russia's consumer prices rose 0.2 percent in the week to Oct 8 after rising 0.1 percent in the previous week, the Federal Statistics Service said on Wednesday. Rising inflation in Russia is concerning policymakers, with annual inflation in September running at 6.6 percent, above the central bank's 6 percent target for the year.
By Sophie Sassard LONDON, Oct 10- EADS and BAE Systems. will not ask for an extension to their merger talks on Wednesday, sources close to the negotiations said, calling an end- for now- to a plan to create the world's largest defence and aerospace company.
LONDON, Oct 10- Telephones and email accounts belonging to Indonesia's politically connected Bakrie family and their group of companies have been infiltrated and compromised, a group official said, adding the crime has been reported to Indonesian police.
BERLIN, Oct 10- German Chancellor Angela Merkel's government declined to comment on talks on a planned merger between European planemaker EADS and Britain's BAE Systems as negotiations stalled before a deadline on Wednesday.
LONDON, Oct 10- EADS and BAE Systems.
STOCKHOLM, Oct 10- Sweden's central bank has a lot of questions about plans for a European Union bank union, which includes a single supervisory body, a central bank official said on Wednesday. Comments from First Deputy Central Bank Governor Kerstin af Jochnick showed the bank lining up with the government, which has criticised the EU bank union proposals.
*Doubts over German backing for $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 0.9 pct By Sophie Sassard and Jason Neely.
*S&P says India still faces risk of rating downgrade. *India FY13 car sales growth f'cast slashed to 1-3 pct. S&P said the recent reform steps initiated by the government had helped in "slightly" revising its view on the country's credit rating, but warned India still faced a one-in-three chance of a credit rating downgrade within the next 24 months.
LONDON, Oct 10- British Defence Minister Philip Hammond said on Wednesday a decision on a proposed merger between EADS and BAE was in the companies hands and that the government was awaiting their verdict. "We are waiting for an announcement from the companies- the companies are dealing with it now," Hammond told Reuters when asked about the proposed merger.
The put/call ratio of Euro STOXX 50 options climbs to a two-week high just below 2, signalling a rise in investors' appetite for protection, as stocks continue to drift lower on the back of worries over global growth and corporate results.
ISTANBUL, Oct 10- Ahead of its annual ratings review of Turkey, Fitch said the country was making good progress in dealing with the financial crisis, comments which helped lift the Turkish lira from an earlier 1- month low.
--In our opinion, the Canton of Basel-Country risks budgetary deterioration and a weakening liquidity position, should it not succeed in implementing its proposed budgetary savings measures. --We are revising our outlook on Basel-Country to negative and affirming the' AAA/A-1+' credit ratings on the canton.
ISTANBUL, Oct 10- Turkey's Enerjisa and India's Tata Power were among 13 groups pre-qualified in the privatisation of Gediz EDAS, the power distributor in the western cities of Izmir and Manisa, Turkey's privatisation agency said on Wednesday.
MOSCOW, Oct 10- Russia placed almost all the offer of treasury bonds at auction on Wednesday, with strong foreign interest and one bid coming from a large state bank covering nearly 50 percent of demand, three market sources said. The Russian Finance Ministry sold 34.2 billion roubles of 10- year OFZ treasury bonds.
MILAN, Oct 10- Italian investment bank Mediobanca. has cut its stake in insurer Unipol to 2.62 percent from 5.65 percent, market regulator Consob said. Mediobanca must sell its whole stake in Unipol to comply with a request set by Italy's antitrust authority following a complex capital increase that will see Unipol take over loss-making peer Fondiaria-SAI.