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  • MOSCOW, Feb 11- Russia's central bank told Deutsche Bank about suspicious trades made by the German bank's clients via its Moscow office in 2014 and an investigation began after that, a senior central bank official said on Thursday. Those trades, which were identified last year, could potentially have allowed clients to breach Western sanctions on Russia over...

  • MOSCOW, Feb 11- Russia's central bank told Deutsche Bank about suspicious trades made by the German bank's clients via its Moscow office, a senior central bank official said on Thursday. Deutsche Bank, which is being investigated over "mirror trades" which may have allowed customers to move money from one country to another without alerting authorities, then...

  • MOSCOW— Russia's ruble has dropped nearly 2 percent amid the turmoil affecting global stock markets and oil prices. The ruble was down by 1.9 percent at 80.1 rubles to the U.S. dollar in late afternoon trading in Moscow on Thursday. Central Bank chief Elvira Nabiullina rejected Thursday reports that authorities may welcome the depreciation of the ruble in...

  • WARSAW, Poland— Polish lawmakers passed a new child benefit scheme Thursday which will give monthly payments of 500 zlotys for all second and subsequent children in a family. "This is a very important day for Polish families," Prime Minister Beata Szydlo told lawmakers before the vote. "This is the day when we can finally say that Poland has joined those states that...

  • Other EU leaders are ready to copy David Cameron’s referendum tactics for their own “egotistic goals”, the European Council president has said. The FT reports.

  • *Lagarde: Ukraine's president expresses reform commitment. *Kiev promised reforms under $17.5 bln IMF bailout. WASHINGTON/ KIEV, Feb 10- Ukraine's president on Thursday told the International Monetary Fund he was committed to pursuing reforms to keep Kiev's $17.5 billion IMF bailout on track, after a sharp warning from the lender that the funds were at risk.

  • *Budget shortfall up to $30 bln if oil prices stay at $30. MOSCOW, Feb 10- Russia is running out of options to plug a yawning hole in its budget- and steps unthinkable before oil prices began to plunge 20 months ago are now being considered. It could face an additional shortfall of up to 2.5 trillion roubles this year if crude prices stay at around $30 per barrel, putting...

  • *Turkey, Russia exchange barbs over downed plane. MOSCOW, Feb 10- Turkish conglomerate Fiba Group has put up for sale a bank it owns in Russia, two banking sources told Reuters, a decision that may be due partly to a row between Moscow and Ankara over the shooting down of a Russian warplane. Moscow denied that, and President Vladimir Putin, accusing Ankara of stabbing...

  • IMF chief warns Ukraine over slow pace of reform Wednesday, 10 Feb 2016 | 6:54 AM ET

    MOSCOW— The head of the International Monetary Fund warned Ukraine on Wednesday that the organization would be unable to keep supporting the country financially if it doesn't step up its reform efforts. Ukraine relies on funding from the IMF and international donors as it battles deep economic problems, in large part resulting from the conflict in the...

  • UPDATE 1-Russia's Sechin floats idea of oil output cuts Wednesday, 10 Feb 2016 | 5:15 AM ET

    *Says oil price drop driven by OPEC decision. Oil prices have slumped more than 70 percent to near $30 a barrel over the past 18 months as supply exceeded demand by up to 2 million bpd after OPEC, seeking to drive higher-cost producers out of the market, decided not to cut production. Struggling oil-producing countries have urged OPEC leader Saudi Arabia in recent...

  • Moscow small businesses razed, sparking anger Wednesday, 10 Feb 2016 | 5:15 AM ET

    MOSCOW— Russian activists and political commentators are criticizing Moscow authorities over the late-night destruction of small businesses when a number of buildings were flattened around the city on orders from city mayor's office. The Moscow mayor's office said that 97 of these "unauthorized constructions" were demolished Monday.

  • MOSCOW, Feb 10- Turkish business conglomerate Fiba Group has put up for sale its Russian mid-sized lender Credit Europe Bank, two banking sources told Reuters, against a backdrop of a diplomatic row between Moscow and Ankara that shows no sign of abating. Turkey and Russia have been at loggerheads since Turkey downed a Russian warplane in late November that...

  • MOSCOW— A top official at Russia's busiest airport says the halt or reduction of flights to Turkey, Ukraine and Egypt over the past three months has cost the country's airports six billion rubles. Denis Nuzhdin, the deputy CEO of Moscow's Domodedovo Airport, was quoted by state news agency Tass as saying Tuesday that about half the loss comes from Russia's...

  • THE HAGUE, Feb 9- Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos. Most of Yukos' assets were acquired by Russia's state-owned oil producer Rosneft after Yukos was declared bankrupt and its founder Mikhail...

  • LONDON, Feb 9- Emerging market stocks and oil-linked currencies fell on Tuesday, though for once the decline seemed to be the consequence rather than the cause of a sharp sell-off in the world's most developed markets. Stocks in Warsaw, which have bounced only half the 12 percent the rest of eastern Europe has gained since mid-January due to concerns over its new...

  • CALAFAT, Romania, Feb 9- O utside a clothing factory in Calafat in southern Romanian early one morning, hundreds of workers crowd around makeshift stalls to stock up on snacks and drinks for their shift. But even inside the European Union- in Romania and Bulgaria particularly- workers can endure poverty-level wages, long hours and arduous conditions to make...

  • Belarusian leader says Russia will offer bailout Monday, 8 Feb 2016 | 11:03 AM ET

    MINSK, Belarus— The leader of Belarus says Russia has promised to offer financial assistance to his nation. Russia has provided Belarus with cheap natural gas and released $900 million in loans to Belarus last year. Russia and its western neighbor have developed close economic and military ties, but Lukashenko has bristled at Moscow's attempts to gobble up...

  • PRAGUE— After the attacks in Paris and New Year's security scares, Germans have been snapping up self-defense equipment like stun guns— to the delight of a Czech manufacturer who corners the market. Prague- based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand. Ingo Meinhard, the head of the German...

  • PRAGUE— Hundreds of Czech taxi drivers are blocking a major road in downtown Prague to demand higher pay and protest alternative services such as Uber. The protest began early Monday with drivers blocking two of the three lines in both directions on a key road near Prague's Central Station, causing significant traffic delays. Prague Mayor Adriana Krnacova...

  • Russia's central bank revokes licenses of 2 banks Monday, 8 Feb 2016 | 2:41 AM ET

    MOSCOW— Russia's Central Bank effectively closed down two of the country's smaller banks Monday after it revoked their operating licenses, its latest effort to consolidate the sprawling banking sector. The closures are part of the Central Bank's strategy to consolidate the banking sector that is currently characterized by a large number of small banks,...