Alexei Kudrin, former finance minister of Russia, says "painful steps" are needed to "cure" the country's economy.» Read More
MOSCOW, Oct 5- British department store group Debenhams expects to generate a fifth of its overseas sales by 2015 in Russia, which is set to become Europe's biggest retail market. Debenhams, which has been increasing sales at home despite a recession there, returned to Russia in September, six years after pulling out of the country because it was losing money.
LONDON, Oct 4- Norddeutsche Landesbank, one of Germany's largest wholesale banks, is poised to issue a 144 a dollar covered bond as early as next Tuesday, the first 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.
LONDON, Oct 5- Private equity firms EQT and GIC Special Investments of Singapore are considering options to either sell or refinance the debt of their German academic book publisher Springer Science& Business Media, banking sources said on Thursday.
*Staff in Mumbai, Delhi hold protest marches over unpaid salaries. MUMBAI/ NEW DELHI, Oct 5- Debt-strapped Kingfisher Airlines, devoid of a turnaround plan to get back into the air, faced a possible shutdown by the government after extending the grounding of its fleet for another week.
*Britain is due to hold election in 2015. LONDON, Oct 5- Presiding over a fractious coalition amid a recession and derided by critics as an "out of touch" snob, British Prime Minister David Cameron is under pressure to take on a resurgent opposition at his party's annual conference next week. We know we have got to turn it around, "one Conservative Party official said."
WASHINGTON, Oct 5- The U.S. Commodity Futures Trading Commission filed the highest number of enforcement actions in its 38- year history in the 2012 fiscal year, the agency said on Friday.
LONDON, Oct 5- Insurance prices barely rose in the three months to September as abundant supplies of capital allowed insurers to compete aggressively even after paying out near-record natural disaster claims last year.
MOSCOW, Oct 5- Russia's second-largest mobile phone operator MegaFon may start pre-marketing for its London IPO next week, but is yet to make a final decision regarding timing, three sources familiar with the situation said.
*Rome store held up for 7 years so far by paperwork. MILAN, Oct 5- Ikea's plan to open a third store in Rome have been wrapped up in red tape for seven years with the Swedish furniture multinational joining a queue of willing investors beginning to lose patience with Italian bureaucracy.
BERLIN, Oct 5- A spokeswoman for the German government declined to comment on a media report on Friday that merger talks between Airbus manufacturer EADS and British defence group had practically collapsed.
*More sanctions on Iran being prepared in Europe. BRUSSELS, Oct 5- The European Union has begun discussing the possibility of a broad trade embargo against Iran, moving beyond the web of energy, business and financial restrictions imposed so far, in an effort to pressure Tehran not to build nuclear weapons.
FRANKFURT, Oct 5- French demands have brought the planned mega-merger between European aerospace groups EADS. and BAE Systems to the brink of collapse, Germany's Spiegel Online reported on Friday.
PARIS, Oct 5- EADS denied on Friday a German news report that its proposed $45 billion merger deal with BAE Systems had collapsed. "We continue to work towards the Oct. 10 deadline that we have been given by the UK government," he added.
LONDON, Oct 5- Britain's grid operator said the lights would stay on in the UK in the event of the closure of the Strait of Hormuz, a key shipping route for liquefied natural gas from the largest exporter Qatar which supplies nearly all of Britain's LNG.
LONDON, Oct 5- Daily spot foreign exchange trading volumes on Thomson Reuters dealing platforms fell by more than 24 percent in September from a year earlier, company data showed on Friday.
LONDON, Oct 5- London's Oxford Street, one of world's busiest shopping strips, is suffering from flat-lining demand, signalling that the global economic gloom has spread to leading retail areas.
*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.
LONDON, Oct 5- Portugal's first dabble in the capital markets in over a year, coupled with a show of support from the ECB over future bond-buying has sparked renewed investor interest in the credit.
*ends partial lock-out until Oct 12; shut since Monday* Mumbai staff hold protest march over unpaid salaries* CAPA suggests voluntary shutdown to restructure.
*U.S. jobless rate tumbles to near-4 year low* Gold briefly goes sub- $1,780 before steadying* Data not seen altering U.S. employment trajectory By Clare Hutchison.