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Europe News London

  • LONDON, Oct 11- European shares steadied after cutting earlier losses on Thursday as gains in stocks such as French retailer Carrefour and British luxury goods group Burberry enabled a key European equity index to recover.

  • SINGAPORE/ LONDON, Oct 11- Indonesia's powerful Bakrie family has proposed a parting of ways with London- listed coal conglomerate Bumi Plc, the group they co-founded with financier Nat Rothschild, offering to take back the Indonesian assets they brought less than two years ago.

  • JAKARTA, Sept 13- Indonesia's central bank held its benchmark rate on Thursday at a record low 5.75 percent for an eighth consecutive month, as forecast, as the country maintained strong growth despite a global economic slowdown.

  • As well as citing the deepening economic recession in Spain and rising levels of social discontent, the agency said the government's hesitation in requesting help was "potentially raising the risks to Spain's rating."

  • JAKARTA, Oct 11- Indonesia's central bank held its benchmark rate at a record low 5.75 percent for an eighth consecutive month, as forecast, and said the economy is still growing well though it conceded domestic demand was not as high as expected.

  • *Shares up 3 pct at London opening. By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Shares in British insurer Direct Line opened 3 percent higher on their London Stock Exchange debut on Thursday after Royal Bank of Scotland.

  • LONDON, Oct 11- European shares fell for the fourth consecutive session on Thursday, as persistent worries over Spain's debt problems and the prospects of weak company earnings hit the region's stock markets.

  • LONDON, Oct 11- DIRECT LINE:.

  • *Shares in London miner Bumi PLC open up 2 percent after bakrie.

  • LONDON, Oct 11- GlaxoSmithKline, criticised in the past for keeping important information about its medicines under wraps, is to lift the lid on more of its drug secrets. The European Medicines Agency recently decided to make its own data vaults containing drug company trial results available for systematic scrutiny.

  • JAKARTA, Sept 13- Indonesia's central bank held its benchmark rate on Thursday at a record low 5.75 percent for an eighth consecutive month, as forecast, as the country maintained strong growth despite a global economic slowdown.

  • LONDON, Oct 11- BAE Systems warned on Thursday that it faced uncertainty in its core market, the United States, a day after the collapse of talks with EADS.

  • Slovakia's centre-left government drew up a deficit-cutting 2013 state budget bill on Wednesday, primarily raising taxes to help it weather the euro zone debt crisis.

  • *RBS to sell 30 percent of Direct Line shares* RBS to raise 787 mln pounds from sale By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Royal Bank of Scotland set a price of 175 pence per share for the London listing of British insurer Direct Line, close to the middle of the range originally set and valuing the business at 2.6 billion pounds.

  • LONDON, Oct 11- Direct Line:. *Direct line CEO says share offer was "comfortably oversubscribed". *Direct line CEO says 15 percent of share offer bought by retail.

  • By Matt Scuffham and Myles Neligan. LONDON, Oct 11- Royal Bank of Scotland set a price of 175 pence per share for the London listing of British insurer Direct Line, close to the middle of the range originally set and valuing the business at 2.6 billion pounds.

  • *S&P/ASX 200 index fell 7 points to 4,483.5* Lynas Corp Ltd. plunges 15 pct on Malaysia delay. Shares pulled back from 14- month highs on Wednesday after the IMF cut its growth forecast for China, Australia's biggest export market.

  • *AuM rises 6.8 pct to $68 bln* Net inflows $600 mln* Asian, Middle East investors add cash. LONDON, Oct 11- Ashmore Group said assets under management rose 6.8 percent in the three months to end-September as rising markets and fresh inflows from Asian and Middle Eastern government-related investors boosted the emerging markets-focused manager.

  • LONDON, Oct 11- Indonesia's powerful Bakrie family have proposed a divorce with London coal miner Bumi Plc, the group they co-founded with financier Nat Rothschild, offering to take back the Indonesian assets they brought in less than two years ago.

  • MOSCOW, Oct 11- Here are events and news stories that could move Russian markets on Thursday. MOSCOW- Russian government to hold a meeting on the grain harvest. MOSCOW- Russia's top food retailer X5 Retail Group.