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  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • Oct 8- Fitch Ratings has affirmed European Rail Finance Holdings Limited's Long-term Issuer Default Rating at' BBB+' with a Stable Outlook and simultaneously withdrawn the rating. The bonds are guaranteed by EIL, ERFL Holdings, and other companies, all owned by EIL, together known as Eversholt Rail Group.

  • EU in secrecy spat with US over A350 funding papers Monday, 8 Oct 2012 | 9:56 AM ET

    BRUSSELS, Oct 8- The European Union accused the United States of breaching confidentiality surrounding the filing of economically sensitive documents on the funding of the Airbus A350 in the latest twist to a long-running aircraft subsidy dispute.

  • LONDON, Oct 8- A UBS analyst who queried deals booked by accused fraudster Kweku Adoboli thought his trading desk was "very messy" but did not suspect anything illegal, a London court heard on Monday. Adoboli, 32, is on trial at Southwark Crown Court accused of fraud and false accounting that cost UBS $2.3 billion.

  • UK business secretary applauds Nigeria oil bill Monday, 8 Oct 2012 | 9:34 AM ET

    LAGOS, Nigeria-- The United Kingdom's business secretary said Monday that a bill to overhaul Nigeria's oil industry should be focused on what helps the West African nation, rather than what benefits the foreign oil companies working there.

  • *Oil dips below $112 as World Bank cuts Asian growth outlook. LONDON, Oct 8- Stocks and oil prices fell on Monday after the World Bank cut its growth forecast for China, adding to concerns about the outlook for the global economy and corporate earnings.

  • ESM appoints banks for European roadshow Monday, 8 Oct 2012 | 9:15 AM ET

    LONDON, Oct 8- The European Stability Mechanism has appointed Deutsche Bank, RBS and SG CIB to arrange investor meetings across Europe in early November, bank sources said. The roadshow will take place in London, Frankfurt and Paris, with sources saying the eurozone sovereign rescue fund will target its first bond offering in early January.

  • LONDON, Oct 8- Aseana Properties Ltd:. *Decided to consider shareholder feedback, review reorganisation proposals. to take place in December 2012.

  • MOSCOW, Oct 8- MegaFon, Russia's second-largest mobile phone operator, will start pre-marketing for its London initial public offering on Tuesday, several financial market sources said.

  • Britain's BBC apologises over sex abuse scandal Monday, 8 Oct 2012 | 9:04 AM ET

    *Critics have accused BBC of cover-up. LONDON, Oct 8- Britain's BBC on Monday apologised to a group of women who allege that one of the state-funded broadcaster's top entertainers sexually abused them decades ago, a scandal that has raised questions about the BBC's judgment then and now.

  • LONDON, Oct 8- Britain is in danger of suffering a long-term loss of liquefied natural gas supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers. Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage.

  • STOCKHOLM, Oct 8- Scientists from Britain and Japan shared a Nobel Prize on Monday for the discovery that adult cells can be transformed back into embryo-like stem cells that may one day regrow tissue in damaged brains, hearts or other organs.

  • Production starts at Norway's Atla gas field Monday, 8 Oct 2012 | 8:58 AM ET

    OSLO, Oct 8- Norway's small Atla gas field in the North Sea has started producing gas two years after it was discovered, Norwegian oil firm Det Norske, a partner with 10 percent in the production license, said on Monday.

  • A month before vote, 'eclectic' county deliberates Monday, 8 Oct 2012 | 8:42 AM ET

    DOYLESTOWN, Pa.-- When the recession cost Jerry Krone his longtime accounting job several year ago, he turned to his hobby _ making gourmet jam in his Fountainville kitchen. Now he's a fixture at Doylestown's weekly farmers market, selling his lilac jelly and rose petal jam for $4 and $8 a jar.

  • BIRMINGHAM, England, Oct 8- Britain's Conservative-led government will trim an extra 10 billion pounds a year from its welfare budget and make cuts across the board in the next phase of austerity if re-elected, its finance minister said on Monday.

  • BRIEF-Vringo files lawsuit against ZTE Monday, 8 Oct 2012 | 8:38 AM ET

    *Lawsuit, filed in UK patents court, alleges infringement of European patents.

  • LONDON, Oct 8- British money markets may be pricing in too high a chance of an interest rate cut in coming months with the Bank of England expected to prefer other easing tools such as expanding its asset purchase programme.

  • *World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.

  • Applications closed for top Bank of England post Monday, 8 Oct 2012 | 8:32 AM ET

    LONDON-- The deadline for applications to be the next head of the Bank of England, the U.K.' s top monetary authority, closed Monday with one of the leading contenders announcing he had decided not to pursue the position.

  • Rothko mural defaced at London's Tate Modern Monday, 8 Oct 2012 | 8:27 AM ET

    LONDON-- A vandal scrawled graffiti on a mural by modern American master Mark Rothko at London's Tate Modern on Sunday. According to an online manifesto, Yellowism is an artistic movement run by two people named Vladimir Umanets and Marcin Lodyga. In 2000, two Chinese performance artists attempted to urinate on Marcel Duchamp's urinal sculpture "Fountain."