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  • WASHINGTON, Feb 5- Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking operations, according to three sources with knowledge of the matter. Experts familiar with the situation said the case represents Russia's biggest...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • KIEV, Ukraine— The Ukrainian economy minister whose resignation plunged the country into yet another political crisis said on Friday he hopes it will help create momentum for economic reforms. In an interview with The Associated Press, Abromavicius said that he is glad his resignation has served as a "cold shower" for the political establishment and expressed...

  • LONDON, Feb 5- Ukraine's restructured Eurobonds extended losses on Friday as fears grew over the fate of the ruling coalition and its IMF bailout, though a reduction in U.S. rate rise bets continued to support other emerging assets. MSCI's emerging equity index rose 0.4 percent after shares in Hong Kong and Mumbai rose around half a percent.

  • AMSTERDAM— NATO's chief met Friday with European Union defense ministers to discuss boosting cooperation between the military alliance and the 28- nation bloc to tackle looming threats to the region. The EU and NATO are working to beef up their responses to threats such as Russia's increased military activity to the east and the Islamic State group's threat...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • Whatever lifts off from North Korea's western coast space center this month, one thing is certain— since rockets and missiles inevitably have overlapping technologies, it will run afoul of U.N. resolutions that have been in place for years to bar North Korea from testing any technology that could be used to develop long-range ballistic missiles.

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • The couple took out a U.S. dollar mortgage in 2007 after moving to Moscow from the southern Russian republic of Dagestan and blames the government for not helping as the rouble has fallen to record lows. "My son is a champion of Moscow at martial arts and we've had to stop his training sessions," Kirill told Reuters at a recent protest by foreign-currency mortgage...

  • NEW YORK, Feb 4- Colm Kelleher is a stickler for discipline, even when it comes to the office dress code. Kelleher's role as enforcer-in-chief at Morgan Stanley was solidified last month when the Wall Street firm's Chief Executive James Gorman named him president, the No. 2 spot. Ahead of his promotion he culled one-in-four jobs on its bond trading desk and he is...

  • *Property tax rises also cool demand for central London property. From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, foreign buyers have driven a spending spree on London property over the past two decades, snapping up everything from opulent homes to iconic commercial property. The scale of this wealth destruction...

  • Philip Morris Int'l results mixed, outlook disappoints Thursday, 4 Feb 2016 | 7:11 AM ET

    NEW YORK— Philip Morris International's fourth-quarter performance was mixed as it dealt with some higher costs and lower cigarette shipment volume. Philip Morris International earned $1.25 billion, or 80 cents per share, for the period ended Dec. 31. That matched the expectations of analysts polled by Zacks Investment Research.

  • The MSCI emerging market benchmark was lifted by stellar gains in Asia as well as an oil-fuelled rise in Russia as crude prices jumped above $35 a barrel, adding to a 7 percent rise on Wednesday. Dollar-denominated stocks in Moscow rose as much as 6 percent while bourses in South Africa, Turkey and Poland all firmed around 1.5 percent. In Asia, Chinese mainland...

  • WARSAW, Feb 4- Poland has decided to scrap the $3 billion deal for 50 Airbus utility helicopters and will buy only a few aircraft from the European company, the daily Rzeczpospolita reported on Thursday citing defence sources. The move, coming months before a NATO summit in Warsaw where Poland is expected to seek more allied presence on its territory, could strain...

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • KIEV, Feb 3- Ukrainian Economy Minister Aivaras Abromavicius quit on Wednesday saying his ministry was being hijacked by corrupt vested interests, dealing another blow to Western hopes that the country can reform itself. In his statement, Abromavicius singled out a close ally of President Petro Poroshenko, accusing him of blocking the ministry's work and...

  • Ukrainian official resigns, says reform efforts blocked Wednesday, 3 Feb 2016 | 6:17 AM ET

    MOSCOW— Ukraine's government, already under strain from political infighting, a frozen conflict in the country's east and a sagging economy, fell under scrutiny again on Wednesday when its economy minister handed in his resignation, saying the leadership routinely blocked his reform efforts. Abromavicius, a Lithuanian native and former investment banker,...

  • KIEV, Feb 3- Ukrainian Economy Minister Aivaras Abromavicius tendered his resignation on Wednesday out of frustration that major government reforms were being blocked, the latest sign of fracturing in the coalition government. Ukraine's international backers, including the United States and the European Union, have also become increasingly impatient...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatization plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...