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  • RPT-GLOBAL ECONOMY-Europe's woes deepen and China slows Wednesday, 3 Oct 2012 | 8:48 AM ET

    *Australia trade deficit balloons unexpectedly. LONDON, Oct 3- The euro zone's economic woes increased last month and China's slowdown looked likely to extend to a seventh quarter, surveys showed on Wednesday, but there was better-than-expected news on U.S. jobs.

  • By Robin Paxton and Carolyn Cohn. ASTANA/ LONDON, Oct 3- Kazakhstan's sovereign wealth fund has rescued the country's No.3 bank for the second time in as many years, forging a deal to cut the bank's $11.2 billion of debt that will see its majority stake rise and creditors lose less than feared.

  • US crude oil extends losses on economy worry Wednesday, 3 Oct 2012 | 8:29 AM ET

    LONDON, Oct 3- U.S. crude oil extended losses to fall more than $1 on Wednesday, with weak economic data weighing on the global oil demand outlook. By 1223 GMT U.S. light crude oil futures had fallen as low as $90.81 a barrel, down $1.08 from the previous close. Brent crude was down $1.32 at $110.25 a barrel.

  • LONDON, Oct 3- Signs the global economic slowdown may be worsening sent world share markets and oil lower on Wednesday, while the euro held steady against the dollar as investors waited for Spain to take the steps to trigger European Central Bank intervention.

  • STOCKS NEWS EUROPE-Capita hit by CRB contract update Wednesday, 3 Oct 2012 | 8:21 AM ET

    Shares in support and outsourcing service provider Capita. Capita has lost out on the Disclosure and Barring Service contract, which will replace the Criminal Records Bureau, whose contract with Capita runs until March 2013. A London- based trader says the missed contract that was moving the stock.

  • Greece looks out to sea for gas wealth salvation Wednesday, 3 Oct 2012 | 8:13 AM ET

    LONDON/ MILAN, Oct 3- Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.

  • TIMELINE-Clashes and protests in Iran Wednesday, 3 Oct 2012 | 8:11 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • UK government ditches rail contract Wednesday, 3 Oct 2012 | 8:11 AM ET

    LONDON-- The British government's rail policy was thrown into chaos Wednesday after it canceled a disputed contract to run one of the country's busiest lines following the discovery of "unacceptable mistakes" in the way it awarded the franchise.

  • LONDON, Oct 3- National Grid PLC:. *National Grid and Long Island Power Authority announce new long-term power. *Agreed to modify and extend their existing power supply agreement for at.

  • TIMELINE-Clashes in Iran Wednesday, 3 Oct 2012 | 8:08 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • LONDON, Oct 3- Key Euribor and Libor bank-to-bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year-long slide.

  • Deutsche Bank seen hardest hit by Liikanen reforms Wednesday, 3 Oct 2012 | 8:04 AM ET

    LONDON, Oct 3- Deutsche Bank is set to be the bank most affected, with profits hit hardest, by proposals to separate higher risk banking activities from traditional deposit-taking business, which are likely to affect about 20 banks, analysts said.

  • European shares edge lower, all eyes on Spain Wednesday, 3 Oct 2012 | 8:02 AM ET

    PARIS, Oct 3- European stocks edged down on Wednesday, adding to the previous session's losses, weighed down by doubts about whether Spain will soon request a bailout and further signs of a slowdown in China and Europe.

  • UPDATE 1-EU to decide on Glencore-Xstrata deal by Nov 8 Wednesday, 3 Oct 2012 | 7:44 AM ET

    *Glencore bidding for shares in Xstrata not already owned. BRUSSELS/ LONDON, Oct 3- EU antitrust regulators have set a Nov. 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth probe.

  • RLPC-3i consortium kicks off sale of Labco - sources Wednesday, 3 Oct 2012 | 7:40 AM ET

    LONDON, Oct 3- A consortium led by private equity firm 3 i has kicked off the sale process for its majority stake in French medical-diagnostics company Labco, banking sources said on Wednesday.

  • *Economy Minister de Guindos to meet London investors. MADRID, Oct 3- Spain's Economy Minister Luis de Guindos will meet investors in London on Thursday in the hope of tempting them to buy into the country's newly-formed bad bank that will house billions of euros worth of soured real estate assets.

  • UPDATE 1-Capita loses out on criminal records contract Wednesday, 3 Oct 2012 | 7:32 AM ET

    *Says Home Office to select alternative supplier. LONDON, Oct 3- British outsourcing firm Capita. Capita shares, which started the day 18 percent up on three months ago, were down 2 percent to 760 pence in heavy trade at 1114 GMT, the biggest FTSE100 faller.

  • Britain to get 4G superfast mobile from Oct 30 Wednesday, 3 Oct 2012 | 7:32 AM ET

    LONDON, Oct 3- Britain's biggest mobile operator EE said on Wednesday it would launch the country's first superfast mobile broadband service at the end of October.

  • UPDATE 5-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 7:30 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen 96 cents to $110.61 a barrel by 1054 GMT.

  • Brasher, who will start in February 2013, will take over the retailer as it fights to defend market share from domestic rivals, including the local unit of U.S. retailer Wal-Mart. Shares of Kumba Iron Ore fall more than 2 percent after a union says that workers at the company's Sishen mine in South Africa's Northern Cape province have gone on an illegal strike.