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  • Med Crude-Urals stable, further strength seen Wednesday, 10 Oct 2012 | 11:51 AM ET

    LONDON, Oct 10- Russian Urals crude was stable on Wednesday with traders anticipating a further price spike in the next few days due to poor cargo availability and good demand from refiners. He predicted that activity would remain thin until Russia publishes early loading programmes for November within the next 5-10 days.

  • LONDON, Oct 10- Global household wealth will grow by nearly 50 percent in the next five years to $330 trillion, with the Chinese overtaking the Japanese as the world's second richest people, Credit Suisse said in a report on Wednesday.

  • Conservative lending rules and red tape have long been blamed for holding back development of the mortgage sector in Egypt. Mortgage lending is equivalent to less than half a percent of gross domestic product in Egypt, compared to 13 percent in Morocco, according to a 2011 report on Africa housing by FinMark Trust, a body mainly funded by British government aid.

  • LONDON, Oct 10- Amerisur Resources PLC:. *Placing to raise approximately US $40 million. *To use funds to accelerate growth profile& access new opportunities within.

  • London, Oct 10- Output at a fluid catalytic cracker at Royal Dutch Shell's Pernis refinery in the Netherlands has returned to normal after flaring forced it to reduce production, the DCMR said on Wednesday.

  • European shares hit by weak earnings outlook Wednesday, 10 Oct 2012 | 11:36 AM ET

    LONDON, Oct 10- European shares fell for a third straight session on Wednesday, dragged lower by expectations of weak corporate earnings in the region after a subdued start to the U.S. reporting season. It added to investor concerns after U.S. bellwether aluminium maker Alcoa. cut its demand forecasts and oil major Chevron Corp issued a profit warning.

  • UPDATE 6-EADS, BAE call off world's biggest arms merger Wednesday, 10 Oct 2012 | 11:30 AM ET

    *Sources said Germany opposed the $45 billion aerospace merger. *BAE shares down 1.14 per cent, EADS up 4.44 per cent By Sophie Sassard, Jason Neely and Kate Holton. LONDON, Oct 10- EADS and BAE Systems called off the world's largest defence and aviation merger on Wednesday, and pinned the blame on Germany for wrecking the $45 billion deal.

  • Iraq officially retreats from ambitious oil plans Wednesday, 10 Oct 2012 | 11:28 AM ET

    BAGHDAD-- Iraq officially stepped back on Wednesday from its ambitious plans to more than triple its oil production by 2017, but it remains more optimistic than the world's leading global energy monitor about how fast and how high it can boost output.

  • UPDATE 2-Regulator eases UK bank rules to support lending Wednesday, 10 Oct 2012 | 11:16 AM ET

    *FPC member Jenkins says banks may need more capital* Industry says mixed messages on capital add to uncertainty* Lloyds shares up 4.5 pct, UK bank shares rise.

  • UPDATE 1-Indonesia's Bakries say phones, emails hacked Wednesday, 10 Oct 2012 | 11:12 AM ET

    *News comes a day ahead of Bumi Plc board meeting. LONDON/ SINGAPORE, Oct 10- Telephones and email accounts belonging to Indonesia's influential Bakrie clan have been hacked, a Bakrie official said, pointing to unspecified "suspicions" likely to further strain relations with fellow investors in UK miner Bumi Plc.

  • Burton's 'Frankenweenie' opens London Film Fest Wednesday, 10 Oct 2012 | 10:56 AM ET

    LONDON-- This year's London Film Festival has Ben Affleck, Dustin Hoffman and the Rolling Stones _ and it's bookended by one of the city's premiere cinematic couples. Britain's biggest film showcase opens Wednesday with the European premiere of London- based American director Tim Burton's "Frankenweenie," the animated tale of a boy and his beloved _ but dead _ dog.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • UPDATE 2-Rabobank weighs bids for asset manager Robeco Wednesday, 10 Oct 2012 | 10:53 AM ET

    *AMG/Permira plan to split up Robeco- sources. *Robeco could fetch more than 2 bln euros- sources. is weighing three offers for its asset management arm Robeco, facing a choice between bids to split the 2 billion euro- plus business or sell it in one piece, people familiar with the situation said.

  • NEW DELHI, Oct 10- Tata Steel's Europe unit will receive the first iron ore shipment from its Benga project in Mozambique by end-October, a top official said, a first step towards addressing the cost volatility affecting its European operations.

  • RLPC-Ireland's IBRC to sell 2 bln euros of loans Wednesday, 10 Oct 2012 | 10:40 AM ET

    By Claire Ruckin and Tessa Walsh. LONDON, Oct 10- State-backed Irish Bank Resolution Corporation, the former Anglo Irish Bank, is considering selling a loan portfolio of up to 2 billion euros as part of its push to wind up its operations by 2020, banking sources said on Tuesday.

  • Costco's 4Q results top Wall Street expectations Wednesday, 10 Oct 2012 | 10:36 AM ET

    ISSAQUAH, Wash.-- Costco is drawing more shoppers and signing up more new members, helping the wholesale club operator's fiscal fourth-quarter net income and revenue climb. Consumers have been drawn to stores like Costco, BJ's Wholesale Club and Sam's Club because they feel like they are getting bargains by purchasing items in bulk.

  • BERLIN, Oct 10- Germany denied responsibility for the failed merger of Airbus parent EADS and Britain's BAE Systems on Wednesday, but an official acknowledged that forming a world defence giant would have created difficulties in Berlin. "Germany alone did not block the merger.

  • BRUSSELS, Oct 10- German Defence Minister Thomas de Maiziere dismissed on Wednesday suggestions that German objections were the main reason for the collapse of merger talks between European planemaker EADS and Britain's BAE Systems. I do not share it, "said de Maiziere, who was in Brussels for a meeting of NATO defence ministers.

  • RPT-Tax on trading threatens new division in Europe Wednesday, 10 Oct 2012 | 10:21 AM ET

    *Group of 11 countries agree to impose transactions levy* Move to impose tax criticised by industry* Regulator warns of Europe's diverse regulation By John O'Donnell.

  • BERLIN, Oct 10- Germany's industrial interests are best served if planemaker EADS remains independent, Deputy Economy Minister Peter Hintze said on Wednesday after merger talks between EADS and Britain's BAE Systems collapsed.