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  • Oil falls even after positive US jobs report Friday, 5 Oct 2012 | 9:48 AM ET

    Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.

  • LONDON, Oct 5- British engineer AMEC said chief operating officer Neil Bruce is leaving the company as part of a restructuring of the way the business is organised. AMEC said on Friday that Bruce will step down straight away after 15 years at the firm because the COO position will no longer exist under a new organisational structure.

  • CNP eyes sub debt despite Groupama's missed coupon Friday, 5 Oct 2012 | 9:32 AM ET

    LONDON, Oct 5- CNP Assurances mandated six banks on Friday morning for a dollar Reg S subordinated bond despite news that French insurance company Groupama will skip a coupon payment on a Tier 1 bond on October 22.

  • LONDON, Oct 5- Design and engineering firm WS Atkins could be next in the firing line for its part in a flawed $9 billion dollar rail deal torn up by Britain's government this week, sending its shares down 4 percent.

  • UPDATE 6-Oil holds above $112 after U.S. jobs data Friday, 5 Oct 2012 | 9:25 AM ET

    *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil held above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer.

  • By Jan Lopatka and Martin Santa. BRATISLAVA, Oct 5- Poor European Union states must fight hard to prevent richer members from cutting development aid for the rest of this decade or growth across the entire bloc could be undermined, the head of the EU executive said on Friday.

  • Telefonica prices EUR1.2bn January 2020 bond Friday, 5 Oct 2012 | 9:13 AM ET

    LONDON, Oct 5- Spain's Telefonica SA, rated Baa2/BBB/BBB+, priced a EUR1.2bn January 2020 bond on Friday after attracting around EUR8bn of orders. Lead managers BayernLB, BNP Paribas, Citi, Commerzbank, MUSI and SG CIB priced the trade at 330 bp over mid-swaps, equating to 115.38 bp over the 3.25% January 2020 Bund. The reoffer is par and the deal has a coupon of 4.71%.

  • US jobs figures reassure markets about economy Friday, 5 Oct 2012 | 9:09 AM ET

    In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,871 while Germany's DAX rose 1.2 percent to 7,397. The CAC-40 in France was 1.6 percent higher at 3,457.. The benchmark New York rate was $2.41 lower at $89.31 a barrel.

  • *European shares extend gains, Wall Street set to open higher. LONDON, Oct 5- European shares extended their gains and the dollar rose against the yen on Friday after a key jobs report from the United States showed its unemployment rate had dropped to 7.8 percent in September, its lowest point in nearly four years.

  • LONDON, Oct 5- The fall in the Iranian rial over the past year is the result of Tehran's economic mismanagement and sanctions imposed over its disputed nuclear programme, U.S.

  • LONDON, Oct 5- The booming business of transporting Bakken crude has thrown a lifeline to U.S. railroads, at a time when shipments of coal, their main commodity by volume, have fallen sharply. Coal accounted for just over 43 percent of rail car loadings by weight, and 25 percent of gross revenues, last year according to the Association of American Railroads.

  • LONDON, Oct 5- Britain faces a battle to keep the lights on in the next three to four years, its power regulator said on Friday, due to the closure of coal and oil-fired plants to cut carbon emissions. This leave would leave the country little leeway if any plants were to suffer unplanned outages or if supply of power imports from Europe were disrupted.

  • *Neil Bruce, chief operating officer, will leave the business and step down.

  • UPDATE 5-Oil holds above $112 after U.S. jobs data Friday, 5 Oct 2012 | 8:49 AM ET

    *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil steadied above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer. Brent futures was up a cent at $112.59 by 1242 GMT, having fallen over $1 a barrel in earlier trade to $111.48.

  • Oct 05- Standard& Poor's Ratings Services today withdrew its ABOVE AVERAGE rankings on Morgan Stanley Mortgage Servicing Ltd. as a primary and special servicer of commercial mortgage loans in the U.K., and as a primary servicer of commercial mortgage loans in Germany. The withdrawal of the rankings was made at MSMS' request.

  • *Europe Q3 cocoa grind seen falling by up to 20 pct. LONDON, Oct 5- Europe's economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough enough now that even the market for this modest luxury is struggling in Europe, analysts say.

  • Pick n Pay, which named former UK head of Tesco, Richard Brasher, as its new chief executive this week, is down 6.16 percent at 43.99 rand. Shares of Anglo American and other resource companies lead the gainers on the benchmark index as investors chase bargains in a sector battered in recent days by a wave of wildcat strikes.

  • *France, Britain said to support deal, Germany seeks stake. BERLIN/ PARIS, Oct 5- EADS and BAE Systems have edged closer towards winning political backing for a $45 billion merger to create the world's biggest arms group amid positive signals from Britain and France, but German misgivings over control is a big obstacle, sources close to the talks said.

  • LONDON, Oct 5- German debt prices fell and equities rose on Friday after the closely-followed U.S. non-farm payrolls report showed a below-expectation unemployment rate and contained upward revisions, pointing to a stronger labour market.

  • SINGAPORE, Oct 5- The Asian naphtha price recovered on Friday and ended the week at a three-session high of $963 a tonne. Kuwait Petroleum Corp has sealed its December 2012 to November 2013 full-range naphtha contract for with at least one buyer at record premiums of $27 a tonne to Middle East quotes on a free-on-board basis.