Reuters: Regulatory News: PRESS DIGEST - Financial Times - Oct 18

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PRESS DIGEST - Financial Times - Oct 18 Oct 17th 2012, 23:51 Wed Oct 17, 2012 7:51pm EDT Financial Times Headlines ROSNEFT SET TO CLINCH DEAL ON TNK-BP - HIGH STREET HIT BY RISE IN RETAILER CLOSURES - 'WIZARD OF OZ' BOWS OUT OF MOORE CAPITAL - PARIS STEPS IN OVER TROUBLED PEUGEOT UNIT - ARMSTRONG DROPPED BY SPONSORS - NEW CITI CHIEF SEEKS TO REASSURE BANKERS - JOHNSON WARNS ON AIRPORT PLAN DELAYS - EUROPE BANKING SUPERVISOR PLAN 'ILLEGAL' - VOLCKER CRITICISES BANKING REFORM MOVES - FOREIGN MONEY SEEKS LONDON PROPERTY - Overview ROSNEFT SET TO CLINCH DEAL ON TNK-BP The chief executive of Rosneft will on Thursday finalise a deal with BP that will turn the Russian oil group into the world's largest publicly traded crude oil producer. HIGH STREET HIT BY RISE IN RETAILER CLOSURES British retail chains shut an average of 20 stores a day in the first six months of this year as the pace of high street closures accelerated. PARIS STEPS IN OVER TROUBLED PEUGEOT UNIT The French government has been forced to step in with a rescue package for troubled carmaking group PSA Peugeot . ARMSTRONG DROPPED BY SPONSORS Nike, RadioShack, AB InBev and Trek have dropped their sponsorship deals with Lance Armstrong, once one of the world's most endorsed athletes. NEW CITI CHIEF SEEKS TO REASSURE BANKERS Citigroup's new boss Mike Corbat is rushing to plug the gap he left at the helm of the U.S. bank's European business. 'WIZARD OF OZ' BOWS OUT OF MOORE CAPITAL Greg Coffey, one of the UK's biggest hedge fund stars, has resigned from Moore Capital Management. JOHNSON WARNS ON AIRPORT PLAN DELAYS Boris Johnson on Wednesday raised the possibility of legal action over delays of government aviation policy. EUROPE BANKING SUPERVISOR PLAN 'ILLEGAL' A plan to create a single euro zone banking supervisor is illegal, according to a secret legal opinion for EU finance ministers. VOLCKER CRITICISES BANKING REFORM MOVES A few simple rules should form the backbone of bank regulation after the financial crisis, former U.S. Federal Reserve Chairman Paul Volcker said on Wednesday. FOREIGN MONEY SEEKS LONDON PROPERTY New figures show the flow of foreign money seeking a home in London means the capital now accounts for a third of total European investment transactions. Link this Share this Digg this Email Reprints

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