Ahead of the Russian Central Bank's rate decision, Simon Quijano-Evans, head of EM research at Commerzbank, says there should be more focus on peace in Eastern Ukraine.» Read More
*Relief over Spain bank stress tests. LONDON, Oct 1- European shares rose on Monday, led by financial stocks after relief that Spanish bank stress tests yielded no surprises and helped by strong U.S. data.
BRUSSELS, Oct 1- Europe will tell the United States, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that U.S. fiscal policy and slowing growth in Japan and China also pose risks to the global economy.
LONDON, Oct 1- German stock market group Deutsche Boerse expects up to 10 more corporate bond issues before the end of the year as clients seek alternatives to raising capital via a listing. German insurer Talanx is scheduled to float its shares on Deutsche Boerse on Tuesday, having covered its books last month.
October 1- Following are terms and conditions. of a bond priced on Monday.
NAIROBI, Oct 1- Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said.
*Forties bid up to dated plus 20 cents. Forties was bid as high as dated plus 20 cents, up from a deal at dated minus 55 cents on Friday, while November Brent futures were trading at an 85- cent premium to December, up from as low as 68 cents on Wednesday. *Trafigura bid for an Oct. 23-25 Forties at dated plus 20 cents and Total bid Oct. 25-29 at the same level.
MOSCOW, Oct 1- Dutch bank ING is closing Central and Eastern European equities operations and scrapping corporate banking jobs in London, with the loss of around 130 jobs, the company said on Monday. The equities desk in Moscow will also be closed, Simpson said. The job losses were spread across offices in London, Moscow, Prague and Budapest.
*UK could use "golden share" to block deal unless terms met. BERLIN/ PARIS, Oct 1- EADS and BAE Systems battled to rescue their $45 billion merger plan from a barrage of competing interests on Monday as governments and shareholders staked out positions in tense negotiations to try to forge the world's largest arms firm.
In the Platts window, Statoil bought a Urals cargo from Gunvor loading Oct 14-18 from Primorsk at dated Brent minus $1.90 per barrel, some 45 cents weaker than prices last week. Azeri Light also weakened by 50 cents after Socar offered the grade from Supsa or Ceyhan for Oct 19-23 delivery at dated Brent plus $2.50.
WASHINGTON-- The U.S. Federal Aviation Administration is fining British Airways up to $250,000 for advertising fares that didn't fully disclose taxes and fees that passengers must pay.
LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.
LONDON, Oct 1- Britain's financial watchdog has contacted 24 investment firms warning them not to try to dodge reforms aimed at stopping life insurers and fund management companies offering sweeteners to advisers selling their products.
*Labour says Britain risks lost decade of stagnation. *Labour: Britain needs to drive demand to revive economy.
Italy needs a strong political government, not another technocrat administration when Prime Minister Mario Monti's term ends in the spring, the head of the country's main employers' confederation said on Sunday.
An aide to Ukraine's president said on Monday that Prime Minister Yulia Tymoshenko risked losing an IMF credit by attaching conditions to the adoption by parliament of financial measures required for the loan.
In a time of rising food prices, investors should have agricultural stocks in their portfolios, Victor Badin, fund manager at Global Cap, said.
As food prices surge investors should look to the Commonwealth of Independent States for opportunities, says strategist Kingsmill Bond.
U.S. President George W. Bush set the stage for a clash at his final NATO summit on Wednesday by pressing reluctant west European allies to set former Soviet republics Georgia and Ukraine on a path to membership.
Tough talks lie ahead to underpin the latest deal to ensure uninterrupted gas supplies from Russia to Ukraine and onward to West European customers, with no guarantees against a new row between the two ex-Soviet states.