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Russian Industry Minister Denis Manturov said on Thursday he supported returning indebted miner Mechel to financial health within the framework of bankruptcy law or by creating a managing company, RIA Novosti news agency reported. _0"> On Wednesday state-owned development bank Vnesheconombank (VEB) said it would not take part in a bailout of Mechel, extinguishing hopes for a convertible bond scheme that was seen as its most likely lifeline. (Reporting by Polina Devitt; Editing by Alessandra Prentice)

Growing fines for banks for misconduct is making it harder for regulators to work out how much capital lenders should be holding, Bank of England Deputy Governor Andrew Bailey said on Thursday. _0"> Bailey said regulators such as the BoE have to look at the direction of travel of fines, particularly in the United States, to see what potential fines are in the pipeline. Banks have been fined millions of pounds for rigging the Libor interest rate benchmark and allegations are now emerging that the foreign exchange market has been manipulated as well. "This is a considerable dent in rebuilding bank capital," Bailey told a Bloomberg event. "So far this has not caused a major financial stability issue. These are things on a scale that have to be handled very closely to deal with the issues around them." (Reporting by Huw Jones ; editing by Jason Neely )

Airbus Group NV denied a report on Thursday of an imminent deal to sell 200 aircraft to Indian airline IndiGo. Bloomberg said in a report published on Thursday that IndiGo was in talks with Airbus to order 200 additional A320neo jets valued at about $20.6 billion, citing people familiar with the plans. "Rumours of a deal are unfounded," an Airbus spokesman told Reuters, but added, "We are always in talks with our customers." Bloomberg said the deal could be announced as early as next week at the Farnborough International Airshow, adding that while IndiGo had talked with Boeing Co, the airline's preference was to stick with Airbus. ( bloom.bg/1tq7U6Q ) Sakshi Batra, a spokeswoman for IndiGo, declined to comment on the report. Reuters reported on Wednesday that Airbus is sprinting to line up preliminary orders for a revamped version of its A330 jet and is on stand-by to make an announcement at Farnborough. (Reporting by Supriya Kurane in Bangalore and T

Russian Industry Minister Denis Manturov supports returning indebted miner Mechel to financial health within the framework of bankruptcy law or by creating a managing company, RIA news agency reported on Thursday. State-owned development bank Vnesheconombank (VEB) said on Wednesday it would not take part in a bailout of Mechel, extinguishing hopes for a convertible bond scheme that was seen as its most likely lifeline. "We need to talk about financial recovery either via bankruptcy law, or by strengthening a managing company, which should take the risk on itself and the responsibility to take the company out of crisis," Manturov was quoted as saying in the Urals city of Yekaterinburg. "But the tasks and the commitments are huge and I cannot say who is willing to take it yet. Therefore, we will continue to work on it," Manturov added. He did not any further details. The loss-making coal to steel group, hit by weak prices for its products, is in critical need of

Boeing Co made its most bullish 20-year forecast for jetliner demand since 2011, saying on Thursday the world will need 36,770 new planes worth $5.2 trillion by 2033. The company's annual projection is up 4.2 percent from its 2013 forecast, and it predicted beating rival Airbus Group NV in the lucrative market for twin-aisle planes as the planes are built and delivered over the next two decades. "If Airbus doesn't do something with their product strategy, they're headed to 30-35 percent market share" in deliveries of next-generation twin-aisle aircraft, Randy Tinseth, Boeing's vice president of marketing, told reporters in a briefing. Boeing's 787 and 777X jets already make up 65 percent of all current orders, with the Airbus A350 accounting for the rest, and that gap will widen unless Airbus develops another jet as a competitor, he said. Planes are delivered years after orders are placed, so the final numbers may change as airlines change their pla

Britain said on Thursday it would rush through emergency legislation to force telecoms companies to retain customers' data for a year, saying the move was vital to protect national security following a decision by Europe's top court. Communication companies had been required to retain data for 12 months under a 2006 European Union directive which was thrown out in April by the European Court of Justice which said it infringed human rights. The scrapping of the directive could deprive police and intelligence agencies of access to information about who customers contacted by phone, text or email, and where and when, the British coalition government said. Such information had been used by the security services in every counter-terrorism investigation in the last decade, and it was vital these powers were not compromised when there was growing concern over Britons travelling to Iraq and Syria to join militant Islamist groups, the government added. Prime Minister David Cameron

Statoil shut its oil platform at the Oseberg East field offshore Norway after a collision with a supply vessel but production was expected to restart later the same day, a spokesman said. The collision took place at 0140 CET (1140 GMT on Wednesday), forcing a shutdown and preparations to evacuate workers. The situation was normalised a few hours later, and the inspection showed small damage on the platform. "The production was stopped, but we are preparing to restart it later today," said Lars Kindingstad, a spokesman for Statoil. During the first four months of the year, Oseberg East produced 961,189 barrels of oil or about 8,000 barrels of oil per day, data from the Norwegian Petroleum Directorate showed. Statoil, the operator of the field, has a 49.3 percent stake in the production licence. The other partners are Norway's state-owned Petoro with 33.6 percent, France's Total with 14.7 and U.S. major ConocoPhillips with 2.4 percent. (Reporting by Nerijus Ado