Italy faces the risk of a credit crunch when its banks have to repay the cheap three-year loans they took from the European Central Bank, the chairman of the country's third-biggest lender Monte dei Paschi said on Thursday.
Ibarra also said plans by Telecom Italia to separate its fixed network into a new company should be open to the state, broadband infrastructure company Metroweb and alternative carriers to join.
*Switzerland want good progress by end-2012-SIF* A deal could raise Rome proceeds of 120- 150 bln euros By Elvira Pollina. MILAN, Oct 5- Switzerland says it wants good progress by the end of the year on an agreement to tax assets held by Italians in Swiss bank accounts but talk of a deal being done before Italian elections in the spring is premature.
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 1716 GMT 05 Oct12- West Africa bourse rises on Sodeci, Saph----------------------------------------------------------. West Africa's regional BRVM bourse closes slightly up in the week to Friday for its third consecutive weekly gain, propelled by water utility Sodeci and natural rubber producer Saph.
*Supportive U.S. data offset by weak China, Europe reports. NEW YORK, Oct 5- Oil prices fell on Friday and headed for a weekly loss as a fragile global economy and uncertainty about Europe's debt crisis countered any support from a better-than-expected U.S. employment report.
*Iran currency plummets, sanctions seen as partial cause. *Western envoys: Iran not serious about negotiations.
LONDON, Oct 5- German foods group Zertus agreed to buy UK- based chocolate maker Zetar Plc in a 43 million pound deal that gives the group its first inroad into the British confectionary market. Zertus will pay 297 pence per share for Zetar, which is listed on London's junior AIM market, a price that is around 26 percent above Zetar's Thursday closing price.
LONDON, Oct 5- European equities powered higher on Friday, propelled by a strong U.S. jobs report which reassured investors about the health of the global economy and opened the door for a further short-term rise in miners and industrials. Equities can still rally in the short term,... maybe a couple of percent more, "said Peter Garnry, equity strategist at Saxo Bank.
*CVC plans new $3 bln Asia fund in 2013- source. HONG KONG/ JAKARTA, Oct 5- CVC Partners is exploring the sale of Indonesia's PT Matahari Department Store, sources told Reuters, seeking a price tag of more than $2 billion after paying less than half that for the company two-and-a-half years ago.
*Zynga shares slide after warning, Facebook slips. *Sprint could counterbid on PCS- sources. Labor Department data showed the jobless rate dropped by 0.3 percentage point in September to 7.8 percent, its lowest since January 2009.
LONDON, Oct 5- Private equity group Permira. Credit Suisse is advising on the deal and Permira is looking at options to take a dividend by raising around 250 million euros of senior secured notes via the high-yield bond market, as well as using some cash from the balance sheet, banking sources said.
*A deal could raise Rome proceeds of 120- 150 bln euros. MILAN, Oct 5- Switzerland says it wants good progress by the end of the year on an agreement to tax assets held by Italians in Swiss bank accounts but talk of a deal being done before Italian elections in the spring is premature.
LONDON, Oct 5- Titan Europe PLC:. *Titan International had got valid acceptances of offer in respect of. *It represents 65.56 percent of existing issued share capital of Titan Europe.
SAO PAULO-- The man who has headed the Olympic movement in Brazil for decades and helped bring the Summer Games to Rio de Janeiro is set to extend his rule amid increased criticism and accusations of wrongdoing.
*EIOPA head writes strong letter to EU Commissioner. FRANKFURT, Oct 5- The European Union's powerful insurance watchdog EIOPA on Friday blasted stagnant political talks to finalise new risk capital rules for the insurance sector, saying delay was undermining EU credibility internationally.
*BAE Systems wanes on EADS merger concerns. LONDON, Oct 5- UK equities rallied on Friday as better than expected employment figures in the United States, the world's biggest economy, spurred buying of commodity stocks and banks. "To see the rate of unemployment fall so much was a big surprise," said Oliver Wallin, investment director at Octopus Investment.
TOKYO, Oct 5- Asian shares rose and the euro clung on to most of its overnight gains on Friday as investors awaited a key U.S. jobs report, sustaining a positive mood after the European Central Bank said it stands ready to buy bonds of troubled euro zone countries.
SYDNEY, Oct 5- Australian shares gained 0.7 percent to a 14- month high on Friday, with mining stocks rising and the market supported by a fourth day of gains on Wall Street ahead of a U.S. payrolls report later in the day.
SINGAPORE, Oct 5- China's Huawei Technologies Co Ltd has reached out to investment banks for advice on an initial public offering, the Wall Street Journal reported. Huawei is leaning towards a listing in the United States, but is also considering Hong Kong or London, the newspaper reported.
LONDON, Oct 5- Russia is considering allowing Western companies to own oil licences in its Arctic waters, Energy Minister Alexander Novak was quoted as saying in Friday's Financial Times. Earlier this month, state-owned oil giant Gazprom OAO. The Arctic is seen as a key source of oil in the next decade for Russia, the world's largest producer.