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  • Bio for Mario Draghi, the head of the ECB Thursday, 4 Oct 2012 | 8:35 AM ET

    FRANKFURT, Germany-- BORN _ Sept. 3, 1947, Rome, Italy. PROFESSIONAL EXPERIENCE _ Took office on Nov. 1, 2011 as third president of the European Central Bank, after being appointed by leaders of the 17 eurozone countries. Served on the 23- member governing council of the European Central Bank, which sets interest rates for the 17 countries that use the euro.

  • BASF shrinks construction chem unit on weak Europe Thursday, 4 Oct 2012 | 8:25 AM ET

    FRANKFURT, Oct 4- BASF the world's largest chemicals maker, will cut costs at its construction chemicals unit and sell a Swiss business due to a decline in demand from Southern Europe and Britain, the company said on Thursday.

  • By Saeed Azhar and Kelvin Soh SINGAPORE/ HONG KONG, Oct 4- Standard Chartered's.

  • *Recession, capital outflows biggest threat to Spain rating. *ESM, ECB could stem decline in Spain. Spain, which continues to resist making a formal request for aid, is expected to see its economy shrink substantially over the next two years as the combination of high unemployment, painful spending cuts and an exodus of capital bites.

  • Now, at 25 a veteran anti-abortion campaigner in the semi-autonomous UK province of Northern Ireland, she's committed to a fight to ensure the abortion law in neighbouring Ireland remains one of the world's strictest, preventing terminations in nearly all circumstances.

  • *Evraz buys out management stake in Raspadskaya. MOSCOW/ LONDON, Oct 4- Russia's Evraz has agreed to take control of coal miner Raspadskaya in an $800 million deal that will make the steelmaker self-sufficient in coking coal and turn it into Russia's largest producer of the steel ingredient.

  • *UK gas network undersupplied by 12 mcm/day. LONDON, Oct 4- British prompt gas prices rose on Thursday after a power failure temporarily halted output from Norway's Kollsnes gas processing plant that feeds pipelines supplying the UK.

  • Morgan Stanley commodities talks with Qatar hit snag Thursday, 4 Oct 2012 | 8:02 AM ET

    *Morgan Stanley in commodities talks with Qatar for a year. DUBAI/ LONDON, Oct 4- Morgan Stanley's talks with Qatar's sovereign wealth fund over the sale of its commodities business have run into difficulty, and the deal may need to be reworked if it is to go ahead, banking sources said.

  • UPDATE 4-Oil rises above $109 on geopolitical tensions Thursday, 4 Oct 2012 | 8:00 AM ET

    *Unrest in Turkey- Syria raises regional security worries. LONDON, Oct 4- Brent crude oil rose above $109 per barrel on Thursday as escalating tensions between Syria and Turkey raised more concerns over the security of oil supplies from the Middle East.

  • LONDON, Oct 4- Norddeutsche Landesbank, one of Germany's largest wholesale banks, is poised to issue a 144 a covered bond, the first US dollar offering of its kind since 2006.. German banks have been absent from the 144 a space since November 2006, when Essen Hypo sold a USD1.25bn long five-year that matured in January 2012.

  • Euroclear cuts bond deal with Russian exchange Thursday, 4 Oct 2012 | 7:32 AM ET

    LONDON, Oct 4- Russian bond trading is set to become easier for the world's top investment banks under a deal cut by the Russian stock market and one of Europe's top share settlement firms.

  • LONDON, Oct 4- The Bank of England shied away from stepping up its programme of government bond buying on Thursday, as the economy is showing signs of growth and new schemes to boost credit may yet spur lending.

  • RLPC-Carlyle hires banks for RAC dividend payout Thursday, 4 Oct 2012 | 7:18 AM ET

    LONDON, Oct 4- Private equity firm Carlyle Group. has hired BNP Paribas and Deutsche Bank to arrange a 260 million pound loan for UK roadside rescue business RAC to pay itself a dividend. Bank of America Merrill Lynch, Credit Suisse, HSBC, JPMorgan and UBS are also bookrunners on the deal, the banks and the company said in a statement.

  • Bank of England holds key rate at 0.5 percent Thursday, 4 Oct 2012 | 7:09 AM ET

    LONDON-- The Bank of England has held its key lending rate at the all-time low of 0.5 percent for the 44th month and decided not to increase its economic stimulus program of bond purchases. Thursday's announcement by the Bank's Monetary Policy Committee was widely expected.

  • STOCKS NEWS EUROPE-UK small caps steady around midday Thursday, 4 Oct 2012 | 7:01 AM ET

    The FTSE Small Cap index is steady in midsession trade, lagging a 0.2 percent rise on the FTSE 100 and a 0.7 percent gain on the FTSE 250.

  • Bank of England keeps bond buying plan unchanged Thursday, 4 Oct 2012 | 7:00 AM ET

    LONDON, Oct 4- The Bank of England opted against stepping up its programme of government bond purchases on Thursday as the economy is showing some signs of growth and new schemes to boost credit may yet spur fresh lending.

  • UK shares eye one-week highs in thin, jittery trade Thursday, 4 Oct 2012 | 7:00 AM ET

    *FTSE 100 up 0.2 pct, near one-week highs. LONDON, Oct 4- Britain's FTSE 100 hovered around one-week highs on Thursday, in thin, jittery trade, with investors unwilling to put on big bets ahead of a European Central Bank meeting later in the session and a key U.S. job reports on Friday. By 1023 GMT, the UK's FTSE 100.

  • LONDON, Oct 4- Britain's gas production is set for a three percent boost next year from current levels after BP's Devenick North Sea gas field started production on Thursday, Energy Minister John Hayes said.

  • EU poised to agree ban on Iranian gas imports-sources Thursday, 4 Oct 2012 | 6:51 AM ET

    BRUSSELS, Oct 4- The European Union is poised to ban imports of Iranian gas into Europe as part of its efforts to ratchet up pressure on the Islamic Republic over its nuclear programme, diplomats said on Thursday.

  • Europe shares turn positive again in volatile trade Thursday, 4 Oct 2012 | 6:41 AM ET

    LONDON, Oct 4- European shares rose to go back into positive territory during a volatile session on Thursday, with traders expecting key indexes to stay within tight rages while uncertainty persists over the euro zone's debt crisis.