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Europe Top News and Analysis United Kingdom

  • 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.

  • Dublin, Ireland

    With its economy still reeling from the housing crash, Ireland is making a bold move to help tens of thousands of struggling homeowners, the New York Times reports.

  • 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.

  • TOKYO, Oct 9- Asian shares rose on Tuesday but gains were moderated by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings. The MSCI index of Asia-Pacific shares outside Japan. added 0.5 percent, pulled higher by Hong Kong and China shares which rose 1.1 percent.

  • 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.

  • 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.

  • 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.

  • Oct. 9- Standard& Poor's Ratings Services said in an article just published on RatingsDirect that it is reducing the required timeframe for when it provides a credit estimate after a transaction closes in the Americas and Asia-Pacific regions.

  • 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.

  • PARIS, Oct 9- France's lower house of parliament voted to ratify a European budget discipline treaty on Tuesday as most left-wing lawmakers got behind Socialist President Francois Hollande on a law seen as key to restoring euro zone stability.

  • *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.

  • 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.

  • 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.

  • 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.

  • 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.

  • *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.

  • VIENNA, Oct 9- Vienna's stock exchange said on Tuesday it feared losing even more trade as a result of a tax on financial transactions set to be introduced in Austria and some other euro zone countries.

  • 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.