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  • LONDON, Aug 27- Ukraine's bondholders expressed relief on Thursday after the conflict-hit country offered them more generous terms than expected in their long-running debt restructuring talks. Though they will take a 20 percent cut to the headline value of their bonds and uncertainty remains around Russia, the pain was offset by a relatively short 4- year...

  • WASHINGTON, Aug 27- The International Monetary Fund on Thursday urged all investors holding Ukrainian sovereign bonds denominated in euros to embrace a debt relief deal struck earlier in the day between Kiev and a committee of creditors. "We welcome today's agreement," IMF Managing Director Christine Lagarde said in a statement, adding that the deal could help...

  • *Ukraine off the hook on debt repayments for four years. KIEV, Aug 27- Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists. The agreement, which includes a write-down of 20...

  • *China watching Russian economy, currency crisis. MOSCOW, Aug 27- A growing economic crisis in Russia and a growth slowdown in China that has rattled world markets mean about $113 billion worth of joint projects ranging from gas pipelines to power grids have been stalled or delayed. With a major crackdown on corruption also in progress in China, and Russia hit by...

  • MOSCOW, Aug 27- Following is a table of Russo-Chinese joint energy projects with investments seen at around $113 billion:. Eastern Siberia framework agreement estimated price of $1.2- $1.4 to buy 10 pct stake billion Rosneft Taas Yuriakh oil project In 2013, CNPC signed BP holds 20 pct,. be valued at up to $1.9 bln.

  • As part of the deal, investors who own Ukraine's bonds will write off 20 percent of their holdings, shrinking $19 billion in sovereign debt to $15.5 billion, Prime Minister Arseniy Yatsenyuk told the government. Ukraine will pay nothing on its bonds if its economy grows less than 3 percent annually. The IMF announced in February it would raise some $40 billion for...

  • KIEV, Ukraine— Ukrainian prime minister says government has reached debt restructuring deal with creditors.

  • WARSAW, Aug 27- Goldman Sachs will hire "several hundred" employees for its Warsaw- based technology and operations units over the next three years, the U.S. bank said on Thursday. "In a strategic decision, the firm will now expand its footprint in Warsaw," said Goldman Sachs spokesman for central and eastern Europe, Adib Sisani. Goldman Sachs has had an office in Warsaw...

  • PM hikes Romanian doctors' wages by 25 percent Wednesday, 26 Aug 2015 | 6:34 AM ET

    BUCHAREST, Romania— Romania's prime minister has hiked doctors' and nurses' wages, among the lowest in Europe, by 25 percent after medics threatened to strike following a court ruling that they could no longer accept informal payments and gifts. Cristian Parvulescu, dean of the National School of Political Studies and Public Administration, said the raise was "a...

  • BUCHAREST, Romania— Officials in Romania say 25 miners are protesting more than 200 meters down in a mine, complaining that authorities will not give them an operating license. Mine manager Gabriela Dobrota said a further 79 miners joined the protest on Wednesday, gathering outside the Baita Plai mine some 520 kilometers northwest of Bucharest.

  • MOSCOW— The Russian Federal Space Agency says the next manned trip to the International Space Station will be extended from the usual six hours to two days. The roll-out of a new Soyuz rocket in March 2013 allowed Russia to cut travel time to the orbiting lab from two days travel in cramped quarters to just six hours. The next manned mission to the ISS is due to blast...

  • LONDON, Aug 26- Britain's WPP, the world's biggest advertising company, said it was on track to hit its demanding full-year sales target after solid first-half demand in mature countries helped to offset a slowdown in China. WPP, which handles the advertising needs of brands such as Ford and Unilever through agencies including JWT and Ogilvy& Mather, posted...

  • Aug 25- Russia's consumer safety watchdog Rospotrebnadzor said it had asked retailers to withdraw some batches of detergents made by foreign companies including Henkel& Co and Procter& Gamble as they did not meet toxicological safety criteria. Russia banned many food imports from the European Union and the United States last year in retaliation to their...

  • MINSK, Belarus— The currency of Belarus is taking a sharp hit, falling about 5 percent in one day as its giant neighbor Russia is battered by economic troubles. Belarus is also heavily reliant on Russia, where the currency has fallen in recent days amid lower prices for oil, its key export. The Belarus economy has contracted 4 percent in the first seven months of this...

  • Russia's Putin hosts Middle East leaders at air show Tuesday, 25 Aug 2015 | 12:56 PM ET

    MOSCOW— Russian President Vladimir Putin has played host to the king of Jordan and the crown prince of Abu Dhabi on the first day of Russia's main aviation and space show. In opening the International Aviation and Space Salon, or MAKS, Putin said Tuesday the six-day show near Moscow would see the signing of a series of "serious agreements." Putin was joined by...

  • ZHUKOVSKY, Russia, Aug 25- Russian civil aviation companies face a disappointing week at the country's largest air show that opened on Tuesday as economic crisis and Western sanctions take a heavy toll on order books and scare away many foreign firms. According to Russian media, Russia and Iran will sign a $1 billion deal during the three-day show for S-300...

  • WARSAW, Poland— Poland will pay more than 500 million zlotys in compensation to the thousands of farmers who have lost crops and fodder because of drought and unusually high temperatures, the agriculture minister said Tuesday. That brought river and groundwater levels down and restricted navigation on Europe's second largest river, the Danube in Romania, and...

  • *GCC bonds outperformed other emerging markets for years. DUBAI, Aug 25- International bonds from the Gulf's wealthy energy-exporting countries are losing some of their safe-haven status as an era of low oil prices looms. For several years, bonds from the six-nation Gulf Cooperation Council appeared almost immune to global instability, handily...

  • The regulator said some products of Henkel, Procter& Gamble, Colgate-Palmolive, and Clorox had to be removed from the marketplace because they did not meet Russia's toxicological safety criteria. Last year Russia banned many food imports from the European Union and United States in retaliation for their sanctions over Moscow's role in the Ukraine conflict.

  • The Russian Consumer Protection Agency said in a statement Tuesday that recent inspections of selected goods by top foreign brands such as Colgate-Palmolive and Procter& Gamble have found high levels of toxic ingredients in them. Russia, however, has not banned the imports of detergents or washing liquids, and most of the producers mentioned by the agency...