• UPDATE 2-MegaFon says to launch London share sale Tuesday, 9 Oct 2012 | 8:02 AM ET

    *MegaFon says Russia focus is key advantage. By Megan Davies and Maria Kiselyova.

  • *Britain behind on austerity targets due to weak economy. BIRMINGHAM, England, Oct 9- British Prime Minister David Cameron said on Tuesday he would not soften his austerity programme with a "Plan B" of slower spending cuts after the International Monetary Fund downgraded its growth forecasts for Britain. "What we need in Britain is not' Plan B', which is more borrowing.

  • *Iran says UAE claims are "baseless". The three islands of Abu Musa and Greater and Lesser Tunb sit near important oil shipping channels at the mouth of the strategic Strait of Hormuz and were claimed by the U.S.-backed Shah of Iran in 1971, just before the seven Gulf emirates won independence from Britain and formed the UAE.

  • BRUSSELS, Oct 9- British Defence Secretary Philip Hammond said on Tuesday he hoped to meet his French, German and U.S. counterparts to discuss the proposed merger of aerospace groups EADS and BAE Systems, a day before the deal's deadline.

  • EADS rebuffs merger collapse report, cites progress Tuesday, 9 Oct 2012 | 7:55 AM ET

    PARIS, Oct 9- EADS rejected a German news agency report that merger talks with BAE Systems had collapsed and confirmed progress between Britain and France over the deal.

  • 11 EU countries agree to financial transaction tax Tuesday, 9 Oct 2012 | 7:49 AM ET

    LUXEMBOURG-- European Union finance ministers grappled Tuesday with how to support their struggling banks and ensure that failing financial institutions don't have the power to drag down entire countries with them.

  • *Uncertainty over Spain and Greece pressures euro. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • LONDON, Oct 9- Shares in EADS rose sharply and those in BAE Systems fell on Tuesday, with three traders attributing the move to a report by German news agency DPA that merger talks between the two companies had collapsed. EADS shares rose as high as 26.85 euros a share before ceding most of their gains to trade up 0.2 percent on the day at 26.30 euros by 1143 GMT.

  • Brent crude rises over $1/bbl Tuesday, 9 Oct 2012 | 7:43 AM ET

    LONDON, Oct 9- Brent crude rose by more than $1 on Tuesday as rising tension between Turkey and Syria stoked oil supply concerns.

  • UK, France make progress in EADS-BAE talks -sources Tuesday, 9 Oct 2012 | 7:38 AM ET

    PARIS, Oct 9- Britain and France have made progress in talks over a possible cap on state shareholdings in any merger between EADS and BAE Systems, but any deal must overcome possible opposition from Germany, sources briefed on the matter said.

  • The single European currency slipped after a meeting of euro zone finance ministers on Monday dashed investors' hopes of a bailout for Spain's troubled economy, with ministers insisting that Madrid was still able to fund itself via capital markets.

  • World stocks stall after Asian session Tuesday, 9 Oct 2012 | 7:21 AM ET

    AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • MOVES-State Bank Of India, Hermes Fund Managers Tuesday, 9 Oct 2012 | 7:20 AM ET

    Oct 9- The following financial services industry appointments and departures were announced on Tuesday. Two veteran broker teams from Bank of America's Merrill Lynch have departed for rival firms Morgan Stanley Wealth Management and Wells Fargo Advisors, according to sources with knowledge of the moves.

  • Several sources briefed on the negotiations said France and Britain had narrowed differences over the wording of key guarantees on state shareholdings, raising the prospect that the companies will buy more time to complete the complex deal.

  • LONDON, Oct 9- Jubilee Platinum PLC:. *Enters MOU for toll processing Dilokong Chrome mine's platinum-bearing. *Will be targeting a tailings processing rate of up to 50,000 tonnes per month.

  • UPDATE 4-Oil rises on Syria-Turkey tensions Tuesday, 9 Oct 2012 | 7:07 AM ET

    Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • *ING effectively pays Barclays to take UK online business. *Barclays shares nudge up 0.3 pct; ING down 0.1 pct. LONDON, Oct 9- Barclays' new chief executive set the course firmly towards retail banking on Tuesday with his first deal since replacing Bob Diamond- the takeover of ING's British savings and loan business and its 1.5 million customers.

  • LONDON, Oct 9- The board of Kazakh miner ENRC. is set to consider a proposal to beef up the role of its chairman, strengthening the hand of veteran banker Mehmet Dalman by handing him an executive position, a source familiar with the matter said.

  • LONDON, Oct 9- A new British carbon price floor may increase gas demand as rapid price rises eat into profits from burning coal, but the impact on power prices could affect political will to implement the policy.

  • LONDON, Oct 5- Royal Dutch Shell's Nigerian joint venture Shell Petroleum Development Company of Nigeria on Friday declared force majeure on its gas supply after an attempt to steal crude oil from a pipeline led to a fire, the company said in statement.