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Dubai developer to build $4.8 bln tourist resort in Bosnia

SARAJEVO, Oct 10- Dubai- based developer Buroj Property Development said on Saturday it plans to invest 4.3 billion euros to build a luxury tourist resort near Sarajevo, in what could be the biggest foreign investment of its kind in the Balkan country. Bosnia, where Muslim Bosniaks are the largest of its three ethnic groups, has seen an influx of tourists from the...
Source: Reuters
China to intensify crackdown on illegal money transfers to fight corruption

SHANGHAI, Oct 10- China will step up its crackdown on illegal cross-border money transfers conducted by underground money dealers and offshore companies, as part of efforts to fight corruption, the central bank said on Saturday. Authorities, including the People's Bank of China, State Administration of Foreign Exchange and the police, will intensify measures...
Source: Reuters
Germany says firms set aside enough nuclear decommissioning funds

BERLIN, Oct 10- Operators of German nuclear power plants have set aside enough funds to pay for decommissioning the country's reactors, the Economy Ministry said on Saturday, even though stress tests showed the potential cost could far exceed their provisions. E.ON, RWE, EnBW and Vattenfall are due to switch off their nuclear plants by a 2022 deadline set by...
Source: Reuters
New climate-financing pledges at IMF talks closer to $100 bln/yr

LIMA, Oct 9- The world's rich countries most likely will be able to reach the goal of providing $100 billion a year by 2020 to help poor countries combat and adapt to climate change, as the result of increased pledges made in Lima, key ministers said on Friday. "This bodes well for meeting the goal of $100 billion," French Foreign Minister Laurent Fabius told a news...
Source: Reuters | By: Randall Palmer
Petrobras likely lost more than $5 bln to corruption - Brazil prosecutor

RIO DE JANEIRO, Oct 9- Corruption-related losses at Brazil's state-run oil firm Petroleo Brasileiro SA will likely surpass 20 billion reais, federal prosecutor Deltan Dallagnol said on Friday. Dallagnol, part of a task force overseeing Brazil's largest-ever corruption investigation, said the 6.2 billion reais in corruption-related losses the company...
Source: Reuters
UPDATE 1-Italy's post office valued at up to 9.8 bln euros in IPO

MILAN, Oct 9- Italy's treasury set a price range for the initial public offering of the post office that values it at up to 9.8 billion euros, in what will be the country's biggest privatisation in a decade. The offer price therefore suggests the share sale of Poste Italiane, which will be offered to institutional and retail investors from Oct. 12 until Oct. 22, could...
Source: Reuters | By: Francesca Landini
UPDATE 2-Intel to secure EU's okay for $16.7 bln Altera deal - sources

BRUSSELS, Oct 9- World No. 1 chipmaker Intel Corp will be given the go-ahead from the EU for its $16.7 billion bid for Altera Corp, its largest ever deal, two people familiar with the matter said on Friday. The U.S. company is looking to Altera to reinforce its portfolio of higher-margin chips used in data centres and to focus on chips for cars, watches and other devices...
Source: Reuters | By: Foo Yun Chee
UPDATE 1-Malaysian central bank urged criminal prosecution of state fund 1MDB

KUALA LUMPUR, Oct 9- Malaysia's central bank said on Friday it had urged the country's attorney general to begin criminal prosecution of troubled fund 1 MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund's advisory board. At the center of a political crisis over its debt of nearly 42 billion ringgit...
Source: Reuters | By: Praveen Menon
UPDATE 1-Volkswagen guarantees 4.2 bln euro Spanish investment

MADRID, Oct 9- German carmaker Volkswagen, grappling with a scandal over rigged emissions tests, has guaranteed a 4.2- billion euro investment in Spain, Industry Minister Jose Manuel Soria said on Friday. "Yesterday I had a meeting in Germany with the chairman and he guaranteed the investments planned for Spain would be maintained," Soria told La COPE national...
Source: Reuters
PREVIEW-China Sept data likely to show further economic weakness

*For poll data click: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? *New loans seen at 885.5 bln yuan vs 809.6 bln in Aug. *Trade data due Oct 13, no fixed time.
Source: Reuters