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  • UK Stocks-Factors to watch on Oct. 9 Tuesday, 9 Oct 2012 | 1:49 AM ET

    *Britain's FTSE 100 index is seen opening 14 to 16 points higher, or up 0.3 percent, according to financial bookmakers. *British retail sales posted a solid rise last month as Britons splashed out on sturdy shoes and warm clothes, the British Retail Consortium said on Tuesday, raising the chances of a more lasting economic recovery.

  • Turkey - Factors to Watch on Oct 9 Tuesday, 9 Oct 2012 | 1:39 AM ET

    The state Statistics Institute releases data on August's industrial output at 0700 GMT. Turkey's biggest listed won approval for a 10- year debt issue for foreign investors, according to a filing late on Monday to the stock exchange. Barclay's starts Isbank, Akbank and Garanti, Turkey's three biggest lenders, with an "overweight" rating, according to a report.

  • PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.

  • ZURICH, Oct 9- Swiss private bank Julius Baer. Baer, which is presenting to analysts and investors details of the acquisition later in London later on Tuesday, also reported that its assets under management had risen to 184 billion Swiss francs at the end of August.

  • MegaFon to offer 15 pct of shares in IPO-paper Tuesday, 9 Oct 2012 | 1:20 AM ET

    MOSCOW, Oct 9- Russia's second-largest mobile phone operator MegaFon may reduce the size of its planned initial public offering to around 15 percent of its shares from 20 percent expected earlier, Russian business daily Kommersant reported on Tuesday.

  • J. Baer set to cut up to 1,000 jobs after takeover Tuesday, 9 Oct 2012 | 1:19 AM ET

    ZURICH, Oct 8- Swiss private bank Julius Baer. Baer, which is presenting to analysts and investors details of the acquisition later in London later on Tuesday, also reported that its assets under management had risen to 184 billion Swiss francs at the end of August.

  • German stocks - Factors to watch on October 9 Tuesday, 9 Oct 2012 | 1:16 AM ET

    FRANKFURT, Oct 9- The DAX top-30 index looked set to open 0.3 percent higher on Tuesday, according to premarket data from brokerage Lang& Schwarz at 0619 GMT. Related news DEUTSCHE BANK, COMMERZBANK Deutsche Bank indicated 0.3 percent higher Commerzbank indicated unchanged.

  • BofA moves veteran to senior European client job Tuesday, 9 Oct 2012 | 12:57 AM ET

    LONDON, Oct 9- Bank of America Merrill Lynch. named a long-standing capital markets specialist, Rupert Hume-Kendall, as chairman of its corporate and investment banking business in Europe, after a revamp of the division's management.

  • North Sea Crude-Forties spikes on refinery demand Tuesday, 9 Oct 2012 | 12:55 AM ET

    *Forties sold at dated Brent plus 84 cents, up 29 cents. LONDON, Oct 9- North Sea Forties crude differentials pushed higher on Tuesday, supported by reports of stronger refinery demand and as BP entered the wet cargo market as a buyer.

  • Oil price soars on supply jitters Tuesday, 9 Oct 2012 | 12:48 AM ET

    NEW YORK-- The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. Benchmark crude gained $3.06, or 3.4 percent, to finish at $92.39 a barrel in New York. There is also concern that tensions between Turkey and Syria could escalate and disrupt supplies from the Middle East.

  • Gulf Keystone in court battle over Kurdistan fields Tuesday, 9 Oct 2012 | 12:47 AM ET

    LONDON, Oct 9- Gulf Keystone, one of the biggest companies listed on London's junior AIM stock market, is due to start the defence of its ownership of a huge oil field in Iraqi Kurdistan in a London court this week.

  • BRUSSELS, Oct 9- British Defence Secretary Philip Hammond said on Tuesday he expects BAE Systems and EADS. to announce before the London stock market opens on Wednesday whether to seek more time for talks on a $45 billion merger.

  • S&P cuts Groupama debt rating on missed coupon Tuesday, 9 Oct 2012 | 12:31 AM ET

    PARIS, Oct 9- Ratings agency Standard& Poor's downgraded French mutual insurer Groupama's debt by five notches to "CC" from "B", citing the company's recent decision to skip a coupon payment.

  • Direct Line IPO price now 170-177.5 pence - sources Tuesday, 9 Oct 2012 | 12:22 AM ET

    LONDON, Oct 9- Royal Bank of Scotland will offer at least 30 percent of shares in its insurance business Direct Line at a price of between 170 pence and 177.5 pence per share, sources close to the transaction told Reuters on Tuesday.

  • *Sources say UK, France propose broad state voting cap. *Germany said to maintain demand for parity with France. PARIS/ LONDON, Oct 9- France and Britain made a breakthrough over state shares in a merger between EADS and BAE Systems, making an extension of a deadline for negotiations more likely but putting the two nations on a collision course with Germany.

  • Ministers try to limit impact of defence cuts on NATO Tuesday, 9 Oct 2012 | 12:11 AM ET

    *NATO seeks ways to make scarce funds go further. *NATO chief calls for rises in defence spending post-austerity. BRUSSELS, Oct 9- NATO ministers wrestled on Tuesday with how to prevent austerity-driven defence cuts in many member countries from undermining the power of the 63- year-old Western alliance.

  • NEW DELHI, Oct 9- India should scrap a law that taxes asset transfers retrospectively, a government panel recommended in a draft report that could save Britain's Vodafone.

  • BBC star may have abused girls over four decades Tuesday, 9 Oct 2012 | 12:07 AM ET

    *Allegations have put BBC in spotlight. LONDON, Oct 9- Jimmy Savile, the late BBC TV star at the centre of a child sex scandal that has shaken Britain's state-funded broadcaster, may have abused up to 25 victims some as young as 13 over four decades, police said on Tuesday.

  • UK fraud buster tells firms no more cosy chats Tuesday, 9 Oct 2012 | 12:07 AM ET

    LONDON, Oct 9- Britain's Serious Fraud Office said blowing the whistle on crime won't guarantee freedom from prosecution as the fraud-buster seeks to restore its credibility after embarrassing setbacks. The SFO's new head David Green took up the reins in May and is refocusing the agency to pursue a more aggressive and targeted crime-fighting strategy.

  • STOCKS NEWS EUROPE-UK small caps close down 0.1 pct Tuesday, 9 Oct 2012 | 12:01 AM ET

    UK small caps close down 0.1 percent, outperforming a 0.5 percent decline on both the blue chip FTSE 100 index and the mid-caps. Shares in Carclo add 6.2 percent in four times their average daily volumes after the British specialty plastics company forecast a "much stronger second half" for operating profit.