• European shares fall further after Italy yields rise Wednesday, 10 Oct 2012 | 5:40 AM ET

    LONDON, Oct 10- European shares extended earlier losses on Wednesday, after a rise in the one-year bond yields of Italy highlighted persistent worries over the euro zone's sovereign debt crisis.

  • UK prompt gas prices firm on reduced Norwegian supplies Wednesday, 10 Oct 2012 | 5:22 AM ET

    LONDON, Oct 10- British prompt gas prices rose on Wednesday as higher demand and shortages caused by lower Norwegian exports left the market short by 23.6 million cubic metres, National Grid data showed. Flows through the Langeled pipeline that connects Norway with Britain dropped to around 13 mcm this morning, National Grid data showed.

  • *Appointment ends year-long pursuit by ASOS* Product director Robert Bready resigns from firm. LONDON, Oct 10- A year-long courting by British online fashion retailer ASOS of Kate Bostock, a former top executive at Marks& Spencer, has paid off after she agreed to join the company to help steer its rapid growth.

  • Russia's MDMG London IPO order books covered-sources Wednesday, 10 Oct 2012 | 5:15 AM ET

    MOSCOW/ LONDON, Oct 10- Order books are covered on the $300 million London listing of Russia's MD Medical Group, according to three sources close to the deal.

  • World stocks fall on US earnings worries, Spain Wednesday, 10 Oct 2012 | 5:11 AM ET

    Britain's FTSE 100 fell 0.3 percent to 5,792.95. Stock markets in Asia also posted losses, with the exception of mainland China, where shares rose a day after posting big gains on hopes that Chinese authorities were preparing sizeable steps to help reverse the decline in growth in the world's second-largest economy.

  • Qatar's QIIB eyes benchmark 5-yr dollar sukuk Wednesday, 10 Oct 2012 | 5:06 AM ET

    DUBAI, Oct 10- Qatar International Islamic Bank. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow a sukuk issue from Qatar Islamic Bank last week, which raised $750 million at a profit rate of 2.5 percent.

  • UPDATE 1-Regulator eases UK bank rules to support lending Wednesday, 10 Oct 2012 | 4:54 AM ET

    LONDON, Oct 10- Britain's financial regulator has relaxed capital and liquidity rules on banks in an effort to stimulate lending and boost the economy, lifting bank shares. The Financial Services Authority said on Wednesday the shift in policy was set out in the Bank of England's Financial Policy Committee in September, and banks were aware of the changes.

  • *NATO says plans in place to defend Turkey from Syria. LONDON, Oct 10- Brent crude oil rose above $114 a barrel on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • Earnings outlook weighs down European shares Wednesday, 10 Oct 2012 | 4:38 AM ET

    LONDON, Oct 10- Concerns over weak corporate earnings and the euro zone debt crisis weighed on European stock markets on Wednesday, with traders saying key markets were set to fall further from highs reached last month.

  • Britain's FTSE weak on global growth concerns Wednesday, 10 Oct 2012 | 4:32 AM ET

    *FTSE 100 down 0.2 percent, yo-yoing around 5,800. LONDON, Oct 10- Britain's top shares edged lower on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, although gains in heavyweight miners and banks provided a floor under the FTSE 100 index around the 5,800 level. At 0805 GMT, the FTSE 100.

  • NORWAY GAS-Flows to Britain drop sharply Wednesday, 10 Oct 2012 | 4:00 AM ET

    OSLO, Oct 10- Norwegian gas exports to Europe fell on Wednesday morning as output from the Nyhamna gas plant has been reduced due to technical problems, resulting in a sharp drop in supplies to Britain, data from gas system operator Gassco showed.

  • Deadline looms for proposed BAE-EADS merger Wednesday, 10 Oct 2012 | 3:52 AM ET

    LONDON-- Defense and aerospace companies BAE Systems PLC and EADS have hours to agree on whether to go ahead with a proposed merger that has prompted a wide range of concerns in Britain, France and Germany.

  • *Euro STOXX 50 down 0.5 pct, FTSE, DAX, CAC down. *U.S. stocks fell 1 pct, Intel off 2.7 pct after downgrades. LONDON, Oct 10- European shares fell for the third day running on Wednesday and the euro came under fresh pressure along with Spanish and Italian bonds as economic anxiety was compounded by stuttering progress in the euro zone's battle against its debt crisis.

  • LONDON, Oct 10- Britain's Oxford BioMedica. said on Wednesday it was closing a mid-stage clinical trial of its cancer vaccine TroVax in U.S. patients with prostate cancer, dealing a further blow to the troubled product. Shares in the company fell more than 9 percent on the news.

  • RBI seeks to optimise capital structure with sub exchange Wednesday, 10 Oct 2012 | 3:35 AM ET

    LONDON, Oct 10- Raiffeisen Bank International announced plans to optimise its capital structure on Wednesday by asking investors to exchange an Upper Tier 2 note callable later this month into a new longer-dated Tier 2 security.

  • European shares pare earlier losses Wednesday, 10 Oct 2012 | 3:34 AM ET

    LONDON, Oct 10- European shares pared earlier losses on Wednesday to turn flat, as gains in miners counterbalanced weakness in technology shares. The FTSEurofirst 300 index was broadly flat at 1,095.79 points by 0731 GMT. The euro zone Euro STOXX 50 index.

  • LONDON, Oct 10- The European Financial Stability Facility has sent a request for proposals to members of its banking group for an upcoming euro benchmark bond issue, bank sources said.

  • Britain's FTSE easier on growth concerns Wednesday, 10 Oct 2012 | 3:15 AM ET

    LONDON, Oct 10- Britain's top shares index edged lower in early trade on Wednesday, tracking falls on Wall Street and in Asia on concerns over the global growth outlook, and with investors looking to third-quarter corporate earnings for fresh direction. Alcoa kicked off the U.S. third-quarter earnings season after Wall Street's close on Tuesday.

  • European shares fall for third consecutive session Wednesday, 10 Oct 2012 | 3:09 AM ET

    LONDON, Oct 10- European shares fell on Wednesday, losing ground for the third consecutive session, pegged back by concerns over the euro zone and the prospects of weak corporate earnings.

  • LONDON, Oct 10- Britain's financial regulation will be tailored to the needs of the wider economy under changes coming in next year, Bank of England Executive Director for Markets Paul Fisher was quoted as saying in the Scotsman newspaper on Wednesday.