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  • *First female FTSE CEO to step down at year end. *Move sparks speculation of FT Group sale. The first female chief executive of a FTSE 100 company had previously declared that the famous pink-paged FT title would only be sold "over my dead body".

  • --We have lowered our ratings on the class A1, A2, and A3 notes in Fastnet Securities 6, based on the application of 2012 counterparty criteria and our general criteria for ratings. --Fastnet Securities 6 is an Irish RMBS transaction with loans originated by Permanent TSB.

  • RESEARCH ALERT-RBC raises Celgene Corp price target Wednesday, 3 Oct 2012 | 5:50 AM ET

    *RBC raises Celgene Corp price target to $75 from $64; rating sector. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • TEXT-Fitch to assign rating watch positive Bank Danamon Wednesday, 3 Oct 2012 | 5:49 AM ET

    Oct 03- Fitch Ratings maintain the Rating Watch Positive on the ranks of Bank Danamon. RWP result of the acquisition proposal 67.4% share held by Temasek Holdings by DBS Group Holdings.

  • *Shares in Indian financial companies with insurance units rallied after the government proposed to ease some of the taxes affecting the sector, while easing some of the requirements of pension products sold via banks. *Max India surges 6 percent, after earlier hitting its highest since December 2009.

  • Zambia economy to grow by 7.7 percent in 2012-cbank Wednesday, 3 Oct 2012 | 5:46 AM ET

    LUSAKA, Oct 3- Zambia's economy is expected to grow by grow by 7.7 percent in 2012 from 6.6 percent last year, partly boosted by reforms in the southern African state, Reserve Bank Governor Michael Gondwe said on Wednesday.

  • EU regulators okay OPAP exclusive betting rights Wednesday, 3 Oct 2012 | 5:45 AM ET

    BRUSSELS, Oct 3- Greek gambling monopoly OPAP. "Greece has cooperated fully with the Commission to ensure that OPAP will not benefit from any undue financial advantage through the prolongation of its exclusive rights and its license for video lottery terminals," EU Competition Commissioner Joaquin Almunia said in a statement.

  • LONDON, Oct 3- Capita PLC:. *Criminal records bureau contract update. Capita beyond 31 March 2013.

  • HONG KONG, Oct 3- Asian bond spreads tightened further on Wednesday as signs of a slowdown in Australia and China were taken by investors as a prelude to more stimulus, stoking bids for riskier, higher yielding assets.

  • --More than 60 days have elapsed, without remedy action being taken, since we lowered our short-term rating on Confederacion Espanola de Cajas de Ahorros-- the swap provider for AyT ICO-FTVPO Caixa Galicia, AyT ICO-FTVPO Cajasol, and AyT ICO-FTVPO III's series CAI--to below the level required by the transaction documents, which reflect our 2010 counterparty criteria.

  • *Moody's downgrades Class A EMEA CMBS Notes issued by Quirinus plc.

  • IMF chief economist says crisis will last a decade Wednesday, 3 Oct 2012 | 5:40 AM ET

    *Germany needs to put up with higher inflation. BUDAPEST, Oct 3- The world economy will take at least 10 years to emerge from the financial crisis that began in 2008, the International Monetary Fund's Chief Economist Olivier Blanchard said in an interview published on Wednesday.

  • Euribor bank-to-bank rates hit record lows Wednesday, 3 Oct 2012 | 5:38 AM ET

    LONDON, Oct 3- Key Euribor bank-to-bank lending 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.

  • STOCKS NEWS EUROPE-Dunelm rises on higher sales Wednesday, 3 Oct 2012 | 5:38 AM ET

    Shares in homeware retailer Dunelm Group Plc rise as much as 6.68 percent to touch a new lifetime high after the company reports a growth in its first quarter sales. "First quarter like-for-like sales up 3 percent, a solid performance in a volatile quarter, outperforming a weak underlying market," says Peel Hunt analyst John Stevenson in a note.

  • Blackstone joins with Anacap for bank deals -source Wednesday, 3 Oct 2012 | 5:37 AM ET

    LONDON, Oct 3- Blackstone has set up a joint venture with mid-sized rival Anacap to hunt for private equity deals in Europe's embattled banking sector, a person familiar with the situation said. Blackstone has a long track record of investing in financial services in the United States, but has found it more difficult to find banking investments in Europe.

  • Bulgaria raises $43 mln in Energo-Pro share sales Wednesday, 3 Oct 2012 | 5:35 AM ET

    SOFIA, Oct 3- Bulgaria has sold the bulk of its 33 percent holding in two newly listed local power distribution companies controlled by Czech power firm Energo-Pro, raising 64.67 million levs in a public share offer, data from the Bulgarian stock exchange showed on Wednesday.

  • European shares pare early losses as banks rally Wednesday, 3 Oct 2012 | 5:34 AM ET

    PARIS, Oct 3- European stocks pared early losses and turned flat on Wednesday morning, as banking stocks rallied on expectations that Spain will soon request a bailout, offsetting worries about Chinese economy following grim macro data.

  • Bulgaria raises $43 mln in Energo Pro share sales Wednesday, 3 Oct 2012 | 5:34 AM ET

    SOFIA, Oct 3- Bulgaria has sold the bulk of its 33 percent holding in two newly listed local power distribution companies controlled by Czech power firm Energo-Pro, raising 64.67 million levs in a public share offer, data from the Bulgarian stock exchange showed on Wednesday.

  • Erste Group sees global equities as having a positive outlook for the fourth quarter of 2012..

  • Shares in Italy's biggest publishing house Mondadori rise more than 9 percent to a 10- day high as Mediobanca upgrades the stock to' outperform' from' neutral' citing strong prospects for its books business.