EADS denies report of BAE merger collapse

PARIS Fri Oct 5, 2012 10:25am EDT

PARIS Oct 5 (Reuters) - EADS denied on Friday a German news report that its proposed $45 billion merger deal with BAE Systems had collapsed.

"We have been informed by the governments about the status of the discussions, but in no way have we been told that the deal is off," a spokesman for EADS parent EADS said.

"We continue to work towards the Oct. 10 deadline that we have been given by the UK government," he added.

Der Spiegel reported in its online edition earlier that Britain, France and Germany, whose approval is necessary for the huge European aerospace merger to go ahead, had failed to agree.

A BAE spokesman declined comment.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.