NICOSIA, Cyprus— Cyprus' international creditors say the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has move forward and more steps have been taken to shore up the weak banking sector.» Read More
BRUSSELS, Oct 2- The EU's antitrust chief questioned on Tuesday whether Hutchison 3 G could offer concessions sufficient to ease his concerns about its 1.3 billion euro bid for France Telecom's Orange Austria, raising the spectre of a veto.
TEL AVIV, Oct 2- The Shimshon reservoir off Israel's southern Mediterranean coast has the potential for about 550 billion cubic feet of natural gas, Modiin Energy. ATP Oil& Gas Corp holds a 40 percent working interest in the well, Modiin Energy owns 10 percent and Isramco.
*Press release- WiLan initiates LTE-related patent infringement litigations. *Initiates lte-related patent infringement litigations. Alcatel Lucent-USA, Ericsson among other parties.
WARSAW, Oct 2- Poland will oblige natural gas monopoly PGNiG to offer 30 percent of its sales on the country's fledgling gas exchange to inspire the liberalisation of central and eastern Europe's largest gas market, a ministry official said on Tuesday.
MOSCOW, Oct 2- Russian mid-sized oil producer Tatneft said on Tuesday its first-half net profit declined 17 percent, year-on-year, to 32.9 billion roubles on the back of higher taxes.
MOSCOW, Oct 2- Russia's economy should sustain its current 4 percent growth rate over the next three years, President Vladimir Putin said on Tuesday. Although growth would be slower than before the 2008-09 crisis it would be "more balanced and of higher quality", Putin told an investment conference hosted by VTB Capital.
*Power prices seen 2- 3 euros/ MWh lower for 2012-15. FRANKFURT, Oct 2- German power curve prices in the wholesale market are likely to fall due to the debt crisis in the euro zone which will curb demand, Deutsche Bank Research said in a quarterly report on Tuesday, cutting its prices forecast for a second time.
OSLO, Oct 2- Nordic spot power prices are expected to fall on higher wind and nuclear output, and lower exports to Germany, analysts said on Tuesday. Wednesday's delivery is expected to settle at 30.1 euros a megawatt-hour, down from 31.8 euros on Tuesday, analysts at Point Carbon said.
Shares in Belgian brewing company Anheuser-Busch InBev. rise 2 percent to lead the Belgian blue-chip index higher, extending gains into a second day after a tax rise in Brazil was unexpectedly delayed.
Oct 02-=============================================================================== Summary analysis-- Ship Luxco 3 S.a.r.l.------------------------- 02- Oct-2012=============================================================================== CREDIT RATING: B+/ Stable/B Country: United Kingdom Primary SIC: Computer related services, nec=============================================================================== Credit Rating History: Local currency Foreign currency 15- Aug-2011 B+/ B B+/ B 08- Sep-2010--/----/--=============================================================================== Rationale.
Spot gold was up 0.3 percent on the day at $1,778.89 an ounce by 0945 GMT, having touched a peak of $1,791.20 on Monday, its highest since mid-November last year. "Overnight the mood has been quiet, but it feels just a matter of time before $1,800 breaks," Edel Tully, a strategist at UBS, said.
BUCHAREST, Romania-- Hundreds of workers have protested at a Romanian chemical plant after the government scrapped the sale of the debt-ridden company, saying the prospective buyer had failed to prove he could pay.
BANGKOK, Oct 2- Most Southeast Asian stock markets closed higher on Tuesday, with the Thai main index touching its highest in more than 16 years and most others hitting multi-week highs amid selective buying in regional blue chips. Indonesia's Astra International Tbk PT. and Malaysia's Axiata Group Bhd.
LONDON, Oct 2- Emerging stocks hit 11- day highs on Tuesday and emerging debt spreads tightened on mounting expectations of an imminent bailout request from Spain, while the forint weakened on expectations of lower interest rates in Hungary.
LISBON, Oct 2- A planned 500- million-euro cash call by Portugal's largest listed bank by assets, Millennium BCP, was entirely subscribed by private investors, the bank's chief executive said on Tuesday.
*Janney cuts Zagg Inc fair value to $10 from $11; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Moody's affirmed Baa3 issuer rating on SOFTBANK Corp. The rating outlook remains stable.At the same time, Moody's has placed its Ba3 issuer rating and the senior unsecured rating on review for upgrade.
Oct 2- Atacama Pacific Gold Corp:. *RBC cuts Atacama Pacific Gold Corp to sector perform from outperform. *RBC cuts Atacama Pacific Gold Corp price target to C $6 from C $7.
BRUSSELS-- Europe's banks should create a firewall between their traditional retail banking operations and more risky investment banking ones and force executives to personally take losses when their banks fail, a new expert report suggested Tuesday. Ireland has already gone bankrupt rescuing its banking sector, and Spain could, too.
DOHA, Oct 2- Qatar Airways will not take delivery of Boeing's 787 Dreamliner until an engine defect is modified, the Gulf Arab carrier's chief executive said on Tuesday. However, there has been a material defect in the engine which now needs replacement and inspection, " Akbar Al Baker said after a speech in the Qatari capital.