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  • LONDON, Oct 12- Russian businessman Boris Berezovsky will pay 35 million pounds towards the legal fees of Chelsea Football Club owner Roman Abramovich after failing in a $6 billion London court battle with his former protege, lawyers said.

  • Food prices drive Serb inflation to double digits Friday, 12 Oct 2012 | 8:06 AM ET

    *Food prices in September rise by 5 pct. BELGRADE, Oct 12- A major increase of food prices in September, following a poor harvest and long drought, has driven Serbia's inflation to 2.3 percent and the annual figure to double digits, the statistics office said on Friday.

  • MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.

  • PRAGUE, Oct 12- Russian steelmaker Evraz has temporarily shut its Czech steel production line due to low demand and the company's effort to run down its raw materials inventory, a spokesman said on Friday. The Vitkovice steel mill is a key customer of the Czech unit of ArcelorMittal which supplies it with raw materials.

  • TEXT-S&P summary: Mosenergo (AO) Friday, 12 Oct 2012 | 6:57 AM ET

    Oct 12-=============================================================================== Summary analysis-- Mosenergo-------------------------------- 12- Oct-2012=============================================================================== CREDIT RATING: BB/Stable/-- Country: Russia Primary SIC: Electric Services Mult. The rating on Russian electricity and heat generator Mosenergo reflects the company's stand-alone credit profile, which Standard& Poor's Ratings Services assesses at' bb-'.

  • Russia's O'Key Q3 same-store sales rise 4.5 pct Friday, 12 Oct 2012 | 6:08 AM ET

    MOSCOW, Oct 12- Russian food retailer O'Key. reported on Friday a 4.5 percent rise in third-quarter like-for-like sales, after an increase of 4.0 percent in the previous quarter. Total net retail sales rose 26.1 percent, year-on-year, to stand at 27.5 billion roubles, driven by growth in selling space.

  • MOSCOW, Oct 12- Gazprombank, Russia's No. 3 lender by assets, has mandated banks to hold meetings with investors as it eyes a possible subordinated perpetual Eurobond offering, IFR and a banking source said on Friday.

  • EMERGING MARKETS-Turkish stocks rally, forint strong Friday, 12 Oct 2012 | 5:37 AM ET

    LONDON, Oct 12- Turkish stocks extended gains on Friday as investors welcomed strong balance of payments data and the government's tough stance on Syria, while the forint rose after Hungary's leader talked up prospects of an IMF deal.

  • MOSCOW, Oct 12- Russian shares were set to end the week in the red on Friday, as investors remained cautious over the failing health of the global economy, while the rouble was steady ahead of monthly tax payments. At 0824 GMT, the dollar-traded RTS index.

  • VW eyes budget brand by 2015 to rival Dacia-sources Friday, 12 Oct 2012 | 5:13 AM ET

    *Cars to be priced between 5,000- 10,000 euros- sources. BERLIN, Oct 12- German carmaker Volkswagen. Europe's biggest carmaker is eyeing a price range of between 5,000 and 10,000 euros for the budget cars which may include a van, estate and a small sedan, the sources said, confirming a report in German business daily Handelsblatt.

  • Eastern Europe gives Volkswagen a sales boost Friday, 12 Oct 2012 | 5:08 AM ET

    BERLIN-- Strong sales in Eastern Europe helped Volkswagen AG post a 6.5 percent increase in September sales over the same month last year, despite difficulties caused by the European financial crisis. Volkswagen said Friday it sold 801,000 vehicles in September, against 751,900 in September 2011.

  • Gas producers, buyers square up in pricing deadlock Friday, 12 Oct 2012 | 5:02 AM ET

    *Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..

  • MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group's London listing got off to a smooth start, with its global depositary receipts trading at a 3 percent premium to their issue price on the first morning.

  • US: Hackers in Iran responsible for cyberattacks Friday, 12 Oct 2012 | 3:22 AM ET

    Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a computer-based assault.

  • Cyprus president seeks union backing on austerity Friday, 12 Oct 2012 | 3:19 AM ET

    NICOSIA, Cyprus-- Cyprus' president appealed to trade unions on Friday to rally behind tough austerity measures that the government wants to negotiate with potential creditors in return for a multibillion euro bailout loan to prop up the country's ailing banks and economy.

  • NORWAY GAS-Flows to Europe rise strongly Friday, 12 Oct 2012 | 3:19 AM ET

    OSLO, Oct 12- Norwegian pipeline gas exports rose strongly on Friday morning on higher flows to Britain, indicating the Royal Dutch Shell's. Exports to Europe including Britain gained by 30.3 million cubic metres to 282.8 mcm per day by 0600 GMT compared with the 252.5 mcm daily average on Thursday, data from gas system operator Gassco showed.

  • TABLE-India's Sept CPI inflation at 9.73 pct y/y Friday, 12 Oct 2012 | 2:17 AM ET

    NEW DELHI, Oct 12- India's annual consumer price inflation. India's retail inflation is the highest among the BRICS group of emerging economies- Brazil, Russia, China, and South Africa- and is way above what the Reserve Bank of India calls its comfort level.

  • Russia's MDMG sets IPO price at $12 per GDR Friday, 12 Oct 2012 | 2:07 AM ET

    MOSCOW, Oct 12- Russian private healthcare provider MD Medical Group said on Friday it had priced its initial public offering at $12 per global depositary receipt, raising $311 million assuming full exercise of an over-allotment option. The statement confirmed earlier Reuters report that MD Medical Group will sell shares at no less than $12 per GDR.

  • Russian markets - Factors to Watch on Oct 12 Friday, 12 Oct 2012 | 1:59 AM ET

    MOSCOW- Russia's Prime Minister Dmitry Medvedev, his deputy Arkady Dvorkovich along with Agriculture Ministry officials to attend Agriculture fair;. MOSCOW- International Monetary Fund to present its October World Economic Outlook; MOSCOW- Retailer O'Key to present trading update.

  • NEW DELHI, Oct 12- India's annual consumer price inflation fell in September to 9.73 percent, driven by a marginal fall in fuel and food prices, government data showed on Friday.