Europe News London

  • *Uncertainty over Spain and Greece pressures euro. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • LONDON, Oct 9- Shares in EADS rose sharply and those in BAE Systems fell on Tuesday, with three traders attributing the move to a report by German news agency DPA that merger talks between the two companies had collapsed. EADS shares rose as high as 26.85 euros a share before ceding most of their gains to trade up 0.2 percent on the day at 26.30 euros by 1143 GMT.

  • LONDON, Oct 9- Brent crude rose by more than $1 on Tuesday as rising tension between Turkey and Syria stoked oil supply concerns.

  • The single European currency slipped after a meeting of euro zone finance ministers on Monday dashed investors' hopes of a bailout for Spain's troubled economy, with ministers insisting that Madrid was still able to fund itself via capital markets.

  • Oct 9- The following financial services industry appointments and departures were announced on Tuesday. Two veteran broker teams from Bank of America's Merrill Lynch have departed for rival firms Morgan Stanley Wealth Management and Wells Fargo Advisors, according to sources with knowledge of the moves.

  • *Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.

  • LONDON, Oct 9- Jubilee Platinum PLC:. *Enters MOU for toll processing Dilokong Chrome mine's platinum-bearing. *Will be targeting a tailings processing rate of up to 50,000 tonnes per month.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • *ING effectively pays Barclays to take UK online business. *Barclays shares nudge up 0.3 pct; ING down 0.1 pct. LONDON, Oct 9- Barclays' new chief executive set the course firmly towards retail banking on Tuesday with his first deal since replacing Bob Diamond- the takeover of ING's British savings and loan business and its 1.5 million customers.

  • LONDON, Oct 9- The board of Kazakh miner ENRC. is set to consider a proposal to beef up the role of its chairman, strengthening the hand of veteran banker Mehmet Dalman by handing him an executive position, a source familiar with the matter said.

  • LONDON, Oct 9- A new British carbon price floor may increase gas demand as rapid price rises eat into profits from burning coal, but the impact on power prices could affect political will to implement the policy.

  • LONDON, Oct 5- Royal Dutch Shell's Nigerian joint venture Shell Petroleum Development Company of Nigeria on Friday declared force majeure on its gas supply after an attempt to steal crude oil from a pipeline led to a fire, the company said in statement.

  • *FTSE 100 slips 0.2 percent in second day of losses. UK factory output shrank more than expected in August, and exports fell steeply versus the previous month, data showed, pointing to deterioration both in the domestic and the global economy.

  • LONDON, Oct 9- Oxus Gold PLC:.

  • TBILISI, Oct 9- Power in Georgia has peacefully changed hands after a tense parliamentary election but as the next government takes shape under billionaire Bidzina Ivanishvili, the likely prime minister, businesspeople face political uncertainty. "All businessmen have mixed feelings," said Fadi Asli, head of the International Chamber of Commerce in Georgia.

  • LONDON, Oct 9- Slovenia has hired BNP Paribas, Deutsche Bank and JP Morgan to arrange investor meetings in the United States ahead of a critical dollar bond issue, according to banking sources.

  • LONDON, Oct 9- Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.

  • An important factor in the New Zealand dollar's favour is the performance of prices for the country's main commodity exports. Dairy prices, an important export for New Zealand, are set to remain high and New Zealand's dairy industry may benefit more than usual given U.S. rivals have been hit by the worst drought in half a century.

  • LONDON, Oct 9- Iraq's oil exports are expected to rise to their highest in decades this month and production is on course to more than double by 2020, as it cements its place as OPEC's second-biggest producer after Saudi Arabia.

  • *Oil jumps on supply concerns as Middle East tension mounts* Uncertainty over Spain and Greece pressures euro By Richard Hubbard. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.