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  • Czech Republic prices EUR750m tap of May 2022 issue Monday, 1 Oct 2012 | 12:05 AM ET

    LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.

  • LONDON, Oct 1- Britain's financial watchdog has contacted 24 investment firms warning them not to try to dodge reforms aimed at stopping life insurers and fund management companies offering sweeteners to advisers selling their products.

  • *Labour says Britain risks lost decade of stagnation. *Labour: Britain needs to drive demand to revive economy.

  • Italy - Factors to watch on Oct 1 Monday, 1 Oct 2012 | 12:00 AM ET

    Italy needs a strong political government, not another technocrat administration when Prime Minister Mario Monti's term ends in the spring, the head of the country's main employers' confederation said on Sunday.

  • Oct 1- Standard& Poor's Ratings Services said today that it assigned its' AA+' rating to General Electric Co.' s. proposed senior unsecured debt offering of upwards of $5 billion. We believe the company will use most of the proceeds to meet its $5 billion February 2013 maturity.

  • London Financial District

    Those who took part in the manipulation of the London interbank offered rate (Libor), the key benchmark rate, could face criminal prosecution even though Libor manipulation is not yet a criminal offense.

  • Greek Parliament

    The London real estate market was abuzz. A wealthy Greek banker wanted to spend up to £60 million (nearly $100 million) for a home, and was in a hurry to make a deal. Evangelos Meimarakis, the president of the Greek Parliament, is among the more than 30 Greek politicians under investigation for possible tax evasion and the illegal accumulation of wealth, the New York Times reports.

  • UK PM Flunks History Questions on Letterman Thursday, 27 Sep 2012 | 6:32 AM ET
    David Cameron

    Worries that David Cameron, the first sitting UK Prime Minister to appear on the ”Late Show with David Letterman”, would embarrass himself were realized when he incorrectly answered key British history questions.

  • UK Businesses Cheer Government Blitz on Red Tape Thursday, 27 Sep 2012 | 4:01 AM ET
    A pony stands next to an ice cream van on Dartmoor, circa 2000. (Photo by Glyn Howells/Getty Images)

    The new U.K. Business Minister, Michael Fallon, has promised a “drive to cut red tape” to boost business growth to help the country out of recession. For one ice cream man this can’t come soon enough.

  • The interior of the Lloyd's of London building and the Lutine bell, center, is seen through a fish-eye lens in the City of London.

    U.K. insurance group Lloyd’s of London, which comprises nearly 90 syndicates, reported an interim profit of 1.53 billion pounds ($2.48 billion) for the first six months of the year after a lack of major claims from natural catastrophes.

  • The European Union (EU) flag, left, flies alongside the Spanish national flag.

    As Spain tries desperately to meet its budget targets, it has been forced to embark on the same path as Greece, introducing austerity measures,  cutting jobs, salaries, pensions and benefits. As a result, some residents are forced to salvage food from garbage cans.

  • The Trade-Off That Created Germany’s Job Miracle Tuesday, 25 Sep 2012 | 1:49 AM ET
    germany_cityscape_200.jpg

    More than a quarter of the work force in Spain or Greece is without jobs, but there is a city on the Danube north of Munich that has the opposite problem: not enough workers, the New York Times reports.

  • UK Deficit Could Surpass Greece: Morgan Stanley Monday, 24 Sep 2012 | 9:35 AM ET
    uk_flag_cracked_200.jpg

    Bad news for U.K. politicians clinging to the notion that the nation’s AAA debt rating indicates a clean bill of financial health. Morgan Stanley expects the British budget shortfall to earn the dubious distinction as Europe’s largest in 2013-14, surpassing even the deficit in troubled Greece.

  • In Britain, Austerity Collides With Pension System Friday, 21 Sep 2012 | 1:27 AM ET
    London Housing

    It may be the age of austerity for many in Britain. For a former doctor, Geoffrey Lipman, it is anything but.  Dr. Geoffrey Lipman, who is retired, gets about $78,000 a year in his government pension.

  • Is It Time to Kill Off UK’s Zombie Companies? Thursday, 20 Sep 2012 | 3:17 AM ET
    Zombie

    As any horror film buff knows, zombies are difficult to kill. And the zombie companies which are increasingly causing concern in the U.K. are also going to be tricky to get rid of.

  • Olympics Over, London Wants Super-Yachts to Stay Wednesday, 19 Sep 2012 | 8:55 AM ET
    The 414ft luxury yacht 'Octopus' owned by Microsoft co-founder, Paul Allen, is moored in South Quay on the Isle of Dogs on July 23, 2012 in London, England.

    Upgrading their docks and beefing up luxury harbor services, London's marinas are seeking to capitalize on the games, which  demonstrated that the city is a viable super-yacht venue.

  • Lawrence Summers, Director of President Barack Obama's National Economic Council

    Former U.S. Treasury Secretary, Larry Summers has argued the U.K. faces a lost decade like Japan unless the government changes its economic policies, but economists and experts have told CNBC that the reasons Summers cites are wrong.

  • No Easy Answers on How to Fix the Banks in Europe Sunday, 16 Sep 2012 | 9:20 PM ET
    A European Union, left, and a Hungarian national flag, fly outside the Magyar Nemzeti Bank, Hungary's central bank, in Budapest.

    Beleaguered countries like Spain have been counting on a quick and neat way to fix their banks without taking on more crippling debt. The New York Times reports.

  • Funeral Costs Surge 71% in Britain Since 2004 Friday, 14 Sep 2012 | 3:21 AM ET
    empty_wallet.jpg

    A new report finds that the cost of funerals his risen by 71 percent in the past eight years in the United Kingdom, leaving 17 percent of people struggling to afford a funeral.

  • Costa del Sol region in Spain.

    Spain's economic crisis has prompted a movement within Spain dubbed it “rurbanismo,” a term invented to describe the reverse migration from city to country that has stemmed a generations-old trend that has long been the usual pattern in most advanced industrial economies, the New York Times reports.