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PRESS DIGEST - Financial Times - Oct 12

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Financial Times Headlines BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT - CLARKE GETS ROLE AS TRADE 'ROCKET BOOSTER' - GEITHNER HAS PHONE FRIEND AT BLACKROCK - AZERBAIJAN ATTACKS BP FOR MISSING TARGETS - COCA-COLA HELLENIC TO QUIT GREECE - SOFTBANK IN TALKS TO TAKE CONTROL OF SPRINT - SCHAUBLE AND LAGARDE CLASH OVER AUSTERITY - OIL GROUPS SET TO EXPORT US CRUDE - UK URGED TO LEARN CANADA BORROWING LESSONS - Overview BUMI SHARES LEAP AS BAKRIES PROPOSE SPLIT

Indonesia's Bakrie family has proposed splitting fromfinancier Nat Rothschild and Bumi Plc after news of aninquiry into possible wrongdoing.

CLARKE GETS ROLE AS TRADE 'ROCKET BOOSTER'

Ken Clarke, the veteran Conservative politician, is to heada drive to sell expertise from the NHS to China.

GEITHNER HAS PHONE FRIEND AT BLACKROCK

Tim Geithner, U.S. Treasury secretary, spoke withBlackRock's Larry Fink on at least 49 separate occasions, anaverage of about once every 11 days.

AZERBAIJAN ATTACKS BP FOR MISSING TARGETS

BP has come under a blistering attack fromAzerbaijan's president who has accused it of failing to meetproduction targets over the past three years.

COCA-COLA HELLENIC TO QUIT GREECE

Coca-Cola Hellenic Bottling Company is quitting thedebt-stricken country in favour of a London listing and Swissdomicile.

SOFTBANK IN TALK TO TAKE CONTROL OF SPRINT SoftBank is in discussions to purchase acontrolling stake in Sprint Nextel . SCHAUBLE AND LAGARDE CLASH OVER AUSTERITY

Germany's finance minister rebuked the head of theInternational Monetary Fund after she warned that EU leadersshould ease demands for austerity.

OIL GROUPS SET TO EXPORT US CRUDE

Some of the world's biggest oil companies and traders arepoised to export substantial amounts of crude from the U.S. forthe first time in decades.

($1 = 0.6234 British pounds)(Reporting by Stephen Mangan)

((stephen.mangan@thomsonreuters.com)(+44)(0)(20 7542 7931))

Keywords: PRESS DIGEST FINANCIAL TIMES OCT 12