After nearly six months of arduous negotiations, Ukraine struck a deal with creditors to restructure $18B worth of debt. The country's finance minister speaks with CNBC's Michelle Caruso-Cabrera.» Read More
*World Bank says China economic slowdown could get worse. The World Bank on Monday cut its economic growth forecasts for East Asia and the Pacific region, home to two of the world's largest oil consumers, and said there was a risk the slowdown in China could be deeper and more prolonged than expected.
Morgan Stanley's Qatar head Khalid al-Subeai resigned last week to join the investment banking division of unlisted Barwa Bank, while Goldman's Qatar Chief Executive Tamim al-Kawari has joined investment bank QInvest, part-owned by Qatar Islamic Bank, as deputy CEO, according to several sources aware of the matter.
LONDON, Oct 8- The British Bankers' Association released the following London Interbank Offered Rates for dollars, euro and sterling at its daily fixing. The spread of three-month Libor rates over three-month OIS rates, calculated from Reuters' data, expresses the three-month premium paid over anticipated central bank rates, or Overnight Index Swap rates.
PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.
OSLO, Oct 8- The Royal Dutch Shell- operated. Nyhamna gas processing plant in Norway was shut down on Monday at around 0900 GMT, the gas system operator Gassco said. Gas output at the plant, which processes gas from offshore Ormen Lange gas field before it is shipped to Britain, was down by 32 million cubic metres, it added.
LONDON, Oct 8- The South African rand plunged to a new 3-1/ 2 year low against the dollar as the worst bout of labour unrest since the end of apartheid rattles the market, while growth worries weighed on broader emerging markets. The rand tumbled 2.4 percent, extending losses chalked up on Friday when Anglo American Platinum.
LONDON, Oct 8- Hargreaves Services PLC:. *Will today issue the employees at maltby colliery with notification of. *Will shortly begin consultation regarding potential redundancies.
--France- based beauty and cosmetics packaging manufacturer Albea has announced plans to acquire the cosmetics business of U.K.- based consumer packaging group Rexam PLC for a cash amount of about $462 million. --We are assigning our preliminary' B+' long-term corporate credit rating to Albea Beauty Holdings S.A., Albea's holding company.
*France very tight, Germany well supplied for short term. FRANKFURT, Oct 8- European prompt power prices diverged on Monday as French levels rose on tight nuclear supply and as Germany's fell on a better capacity outlook.
LONDON, Oct 8- Terra Firma, the private equity group led by high-profile dealmaker Guy Hands, is planning a fund of up to $5 billion with China Development Bank.
LONDON, Oct 8- The chief executive of miner Aquarius Platinum, industry veteran Stuart Murray, has resigned with immediate effect after a decade at the helm, becoming the third boss of a major platinum producer to step down so far this year.
LONDON, Oct 8- British prompt gas prices eased on Monday as imports from Norway via the Langeled pipeline regained full strength following processing problems last week, while milder weather forecasts for October also helped keep a lid on gains.
LONDON, Oct 8- Scancell Holdings PLC:. *Hlds- notice of results and share price movement. *Not aware of any reason that would lead to recent movement in its share price.
LONDON Oct 8- The following FTSE 100. companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. COMPANY DIVIDEND INDEX IMPACT InterContinental Hotels 108.40 1.24 Kingfisher 3.09 0.29 Smith& Nephew 9.90 cents 0.22 Tesco 4.63 1.47 Wolseley 40.00 0.45 WPP Group 8.80 0.44 Among FTSE 250.
*World Bank says China economic slowdown could get worse. LONDON, Oct 8- Brent crude oil fell below $111 per barrel on Monday on concerns slower economic growth would curb oil demand, but supply worries stemming from tension in the Middle East helped check losses.
BIRMINGHAM, England, Oct 8- Britain's Conservative-led government will trim an extra 10 billion pounds a year from its welfare budget and cut across the board in the next phase of austerity if re-elected, its finance minister will say on Monday.
LONDON, Oct 8- Inmarsat PLC:. *Inmarsat and Honeywell sign master distribution agreement for business. *Agreement includes significant 5- year capacity purchase by Honeywell.
BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.
LONDON, Oct 8- Private equity groups Investindustrial and Trilantic Capital Partners have taken a minority stake in Spanish cable television provider Euskaltel.
PARIS, Oct 8- Britain, France and Germany resumed talks on Monday to try to prevent a disagreement over state shareholdings wrecking a proposed merger of EADS and BAE Systems.