• Link to Fitch Ratings' Report: Russia's Banking Sector: Stable at Present, But Some Risks Are Growing. MOSCOW/ LONDON, October 08 Fitch Ratings says in a new report that its outlook for the Russian banking sector is stable.

  • North Sea Crude-Forties loses some strength Monday, 8 Oct 2012 | 12:58 AM ET

    The programmes showed that four benchmark North Sea crude oil streams- Brent, Forties, Oseberg and Ekofisk- are set to pump around 780,000 barrels per day in November, down from 871,000 initially scheduled for October.

  • SYDNEY/ LONDON, Oct 8- Australia's top central banker Glenn Stevens has not been approached by British Treasury officials about applying for the Bank of England's governor role, a source with direct knowledge of the situation said on Monday.

  • BRUSSELS, Oct 8- EU regulators will decide next year whether to fine Danish drugmaker Lundbeck and French peer Servier for blocking the entry of cheaper generic medicines into the market, the EU's antitrust chief said on Monday.

  • LONDON, Oct 8- An expert on indexes reported that a method used to calculate Britain's RPI inflation measure- key to many pay and pension rises- should be changed as it yields overly high figures, and the country's statistics office began consultations on reform.

  • Med Crude-Urals stronger in Baltic Monday, 8 Oct 2012 | 12:21 AM ET

    Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.

  • AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.

  • Egypt's foreign reserves continue to drop Monday, 8 Oct 2012 | 12:13 AM ET

    CAIRO-- Egypt's central bank says the country's net foreign reserves have dropped again in September, despite a boost from Qatar. The London- based Capital Economics research and consultancy firm says Egypt's "dangerously low" reserves level means the nation of 82 million people does not have enough to cover three months' worth of imports.

  • HONG KONG, Oct 8- Data from the HSBC Hong Kong Purchasing Managers' Index for September:. *The latest PMI figure was the lowest in four months and signalled a deterioration in operating conditions in Hong Kong's private sector as output and new orders declined. *Output contracted in September and the index was at its lowest level since November 2011.

  • LONDON, Oct 8- Etihad Airways, Abu Dhabi's flag carrier, will announce a code share agreement with Air France-KLM on Monday, the Financial Times reported. The deal will not include an equity stake and signals a thawing of relations between Europe's flag carriers and the younger Gulf airlines, the FT said.

  • PRESS DIGEST - British business - Oct 8 Sunday, 7 Oct 2012 | 8:42 PM ET

    Seven global electricity and nuclear technology companies are threatening on Monday to withdraw plans for hundreds of millions of pounds of future investment in Britain because of attempts by George Osborne to water down the government's green commitments.

  • LONDON, Oct 8- Temporary job placements in Britain rose at the fastest pace in 14 months in September as demand for new staff picked up, a survey showed on Monday, providing fresh signs of resilience in the British labour market.

  • BIRMINGHAM, England, Oct 8- Britain's Conservative-led government would cut an extra 10 billion pounds a year from its welfare budget and slash spending across the board in the next phase of austerity if re-elected, finance minister George Osborne will say on Monday.

  • UK threatens to veto BAE-EADS merger Sunday, 7 Oct 2012 | 5:18 PM ET

    LONDON-- The French and German governments must reduce their stakes in defense company EADS NV for the U.K. to allow a proposed merger with BAE Systems PLC to go ahead, Britain's defense secretary warned Sunday. Philip Hammond said Britain would veto the mega-merger of the aeronautics and defense companies if this requirement wasn't satisfied.

  • SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.

  • LONDON, Oct 7- Australian central bank chief Glenn Stevens has been approached by British Treasury officials seeking a new head for the Bank of England after governor Mervyn King steps down next year, the Sunday Times newspaper reported.

  • Rothko painting defaced at Tate Modern in London Sunday, 7 Oct 2012 | 4:14 PM ET

    LONDON, Oct 7- A painting by Russian-American artist Mark Rothko was defaced by a visitor to London's Tate Modern museum on Sunday and a spokeswoman said police were investigating.

  • Hacking victims pressure British PM on media rules Sunday, 7 Oct 2012 | 2:13 PM ET

    *Cameron says Britain must keep a free press. LONDON, Oct 7- Prime Minister David Cameron said Britain would avoid "heavy-handed state intervention" of its national press after phone hacking victims urged him on Sunday to remain open-minded about the recommendations of an inquiry into media ethics.

  • Einstein letter on God to be auctioned on eBay Sunday, 7 Oct 2012 | 2:05 PM ET

    LONDON-- A letter in which Albert Einstein dismissed the idea of God as a product of human weakness is being sold on eBay for a starting price of $3 million. The letter, handwritten in 1954, a year before Einstein's death, was addressed to philosopher Eric Gutkind.

  • LVMH head Arnault to be knighted in London Sunday, 7 Oct 2012 | 2:05 PM ET

    PARIS, Oct 7- The chief executive of French luxury group LVMH, Bernard Arnault, is set to be knighted in London for his contributions to the British luxury industry, an LVMH spokesman said on Sunday. With the knighthood, Arnault will join such personalities as Bill Gates, Stephen Spielberg and Placido Domingo, all of whom have been similarly honored.