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  • TEXT-Fitch affirms Credit Suisse at 'A'; OUTLOOK STABLE Wednesday, 10 Oct 2012 | 5:11 PM ET

    At the same time, Fitch affirmed the ratings of Credit Suisse's subsidiaries and holding company and of its issues. The rating actions on Credit Suisse have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • Oil ends lower, near $91 a barrel Wednesday, 10 Oct 2012 | 5:01 PM ET

    On the New York Mercantile Exchange:. Benchmark crude fell $1.14 to finish at $91.25 per barrel. Heating oil rose 1 cent to finish at $3.21 a gallon.

  • YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.

  • "Major Tom" brought to earth as Merkel says 'Nein' Wednesday, 10 Oct 2012 | 4:58 PM ET

    LONDON, Oct 10- Tom Enders was flying high six weeks ago; newly elevated to the top job at Europe's EADS, his secret merger deal to create the world's biggest aerospace group and rid himself of burdensome government meddling was preparing for launch.

  • TEXT-Fitch affirms Barclays Bank at 'A' Wednesday, 10 Oct 2012 | 4:40 PM ET

    Oct 10- Fitch Ratings has today affirmed Barclays Bank plc's Long-term Issuer Default Rating at' A' with a Stable Outlook and Short-term IDR at' F1'. The agency has also affirmed the ratings of Barclays Bank's parent, Barclays plc.

  • TEXT-S&P assigns NBTY Inc notes preliminary 'B-' rating Wednesday, 10 Oct 2012 | 4:36 PM ET

    --U.S.-based NBTY Inc. proposed today a $500 million notes issuance in order to fund an approximately $700 million investor dividend; the remainder is to be funded with cash from the balance sheet. --We are affirming the' B+' corporate credit rating on NBTY Inc..

  • Investors cut back on hedge funds despite rally-data Wednesday, 10 Oct 2012 | 4:00 PM ET

    LONDON, Oct 10- Hedge fund clients pulled out more money than they put in over the past month in spite of a strong performance, in a possible sign of nerves that the parlous state of major economies could hit their returns.

  • UPDATE 8-EADS, BAE call off world's biggest arms merger Wednesday, 10 Oct 2012 | 3:50 PM ET

    *Sources said Germany opposed the $45 billion aerospace merger. PARIS/ BERLIN/ 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.

  • News Summary: $45 billion aerospace deal grounded Wednesday, 10 Oct 2012 | 3:49 PM ET

    In the end, it was the reluctance of governments in Germany, Britain and France that led to the demise of the $45 billion deal that would have combined Britain's BAE Systems, with EADS NV, of Germany and France. Questions were also raised about what the deal would do to the delicate balance that Germany and France have achieved in EADS after years of bickering.

  • BAE's U.S. unit to keep looking for M&A opportunities Wednesday, 10 Oct 2012 | 3:47 PM ET

    WASHINGTON, Oct 10- The U.S. unit of Britain's BAE Systems Plc on Wednesday said it will continue to pursue future merger and acquisition opportunities after the collapse of the company's merger talks with Europe's EADS.

  • Endeavour Intl. prices offering of $54M in notes Wednesday, 10 Oct 2012 | 3:31 PM ET

    HOUSTON-- Endeavour International Corp. on Wednesday priced its private offering of an additional $54 million of its 12 percent first priority notes due 2018.. The Houston oil and gas company said the notes were priced at 109 percent of par, at a yield worst of 9.436 percent. Endeavor shares fell 53 cents, or 5.7 percent, to $8.83 in afternoon trading.

  • WASHINGTON, Oct 10- At least 130 projects that capture and store carbon emissions at coal power and industrial plants must come online by 2020 if the world is to stay on course to keeping the rise in global temperatures below a threshold deemed dangerous by scientists, a new report released Wednesday said.

  • UPDATE 7-EADS, BAE call off world's biggest arms merger Wednesday, 10 Oct 2012 | 2:28 PM ET

    *Sources said Germany opposed the $45 billion aerospace merger. PARIS/ BERLIN/ 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.

  • WASHINGTON, Oct 10- The chief executive of JPMorgan Chase& Co said he should have caught the " London whale" derivatives trades that resulted in a multibillion-dollar loss for the bank. So far, JPMorgan has estimated its total trading loss at $5.8 billion.

  • JOHANNESBURG, Oct 10- A group of black South African shareholders has sold a stake in Absa Group, the country's biggest retail bank, worth about $370 million, exiting one of the post-apartheid era's high profile "black empowerment" deals.

  • AMSTERDAM/ BRUSSELS, Oct 10- EU antitrust regulators will next week tell United Parcel Service Inc that its bid for TNT Express will hurt competition, two sources close to the matter said, forcing the U.S. company to offer concessions or risk a veto. Shares in Dutch delivery group TNT Express ended unchanged at 8.15 euros on Wednesday.

  • 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.