Europe News Eastern Europe

  • PARIS, Jan 22- Conservative French presidential front-runner Francois Fillon urged Europe in an interview published on Sunday to boost its defence capacities with a pooled fund to finance foreign operations. President Donald Trump has said, Europe nonetheless needed to build up its own capacities, Fillon said in a interview with French daily Le Monde and...

  • PARIS, Jan 22- Conservative French presidential front-runner Francois Fillon urged Europe in an interview published on Sunday to boost its defense capacities with a pooled fund to finance foreign operations. President Donald Trump has said, Europe nonetheless needed to build up its own capacities, Fillon said in a interview with French daily Le Monde and...

  • MOSCOW, Jan 21- Russia has cut its oil output by around 100,000 barrels per day in January as part of the global deal between Moscow and OPEC, Russian Energy Minister Alexander Novak was quoted as saying by TASS news agency on Saturday. "That said, our companies are moving ahead of schedule. He added that plans to discuss energy cooperation with his Saudi counterpart...

  • Jan 20, MEXICO CITY/ CARACAS- Venezuelan President Nicolas Maduro on Friday asked central bank head Nelson Merentes to step down, two sources close to the matter told Reuters. Venezuela's central bank and Information Ministry did not immediately respond to a request for comment. Long seen as a pragmatic figure, Merentes, who completed a PhD. in mathematics in...

  • BUDAPEST- Hungarian National Bank Governor Gyorgy Matolcsy, Hungarian Prime Minister Viktor Orban and Bank of China Ltd Chairman Guoli Tian are scheduled to attend 4th "Lamfalussy" memorial conference- 0800 GMT. LONDON- Czech Central Bank board member Vojtech Benda to attend "ING Client Breakfast" in London. WASHINGTON- Mexican Foreign Minister Luis Videgaray...

  • MOSCOW— A chocolate maker owned by Ukraine's president says it's planning to shut its factory in Russia for "economic and political reasons." Ukrainian President Petro Poroshenko last year put the Roshen confectionery company in a trust, arguing that it's difficult to sell the asset amid an economic downturn. Relations between the two ex-Soviet neighbors...

  • *Brazil, Argentina open up as protectionism rises in West. *Globalization benefits U.S. workers, consumers too- Brazil. That's the message leaders of developing countries want to send from the Davos forum to U.S.

  • LONDON, Jan 20- Emerging stocks fell on Friday and were set to end the week down, snapping a three-week winning streak, as risk appetite eased ahead of U.S. "Trade protectionism is an impending risk," said Jakob Christensen, head of emerging markets research at Danske Bank, highlighting the possibility of a deepening stand-off between the United States and China.

  • *Budapest leads stocks rise, its index is near record highs. BUDAPEST/ WARSAW, Jan 20- Central Europe's main currencies traded marginally weaker or flat on Friday ahead of President-elect Donald Trump's inauguration as investors awaited clearer signals on his future policy direction. Budapest led a moderate rise in equities after robust wages figures from...

  • KIEV, Jan 20- Ukraine's largest confectionery company, owned by President Petro Poroshenko, plans to close its only factory in Russia, saying it had become impossible to do business there because of trade restrictions and anti-Ukrainian sentiment. The Lipetsk plant in western Russia has seen production decline since March 2014 when Moscow annexed Ukraine's...

  • DAVOS, Switzerland, Jan 20- Russia's economy could grow by 2 percent in 2017 as long as there are no external shocks such as a renewed fall in oil prices, Economy Minister Maxim Oreshkin said on the sidelines of the World Economic Forum in Davos. Oreshkin said Russia would not abandon a free-floating rouble, which was one of the moves taken by the Russian central bank...

  • *Hopes of OPEC supply cuts lift crude for second day. The International Energy Agency said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for December. China's December refinery runs were up 3.7...

  • *Hopes of OPEC supply cuts lift crude for second day. The International Energy Agency said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for December. China's December refinery runs were up 3.7...

  • West Texas Intermediate crude oil futures were trading up 20 cents at $51.57 per barrel at 0038 GMT. The International Energy Agency said that while it was "far too soon" to gauge OPEC members' compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for...

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices edged higher on Thursday, but swelling U.S. crude stockpiles limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon"...

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices edged higher on Thursday, but swelling U.S. crude stockpiles limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon"...

  • WASHINGTON, Jan 19- The U.S. Treasury will enforce all sanctions against Russia unless a deal were reached between Washington and Moscow, President-elect Donald Trump's nominee to run the department said on Thursday. Asked during a Senate confirmation hearing if he was committed to enforcing existing sanctions against Russia, Treasury Secretary nominee...

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices rose on Thursday, but swelling crude stockpiles in the United States limited the rebound from a one-week low after the International Energy Agency said oil markets had been tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far...

  • *Gazprom sees its gas prices in Europe rising in 2017. Certainly that is pushing the prices down, "said German Nikonenko, the head of UralSib Capital trading. However, Moscow has faced strong lobbying against the measure from companies including Russia's largest oil producer Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin.

  • *Rising U.S. shale output to balance OPEC, non- OPEC cuts. NEW YORK, Jan 19- Oil prices rebounded from a one-week low on Thursday as the International Energy Agency said oil markets were tightening even before cuts agreed by OPEC and other producers took effect. The IEA said that while it was "far too soon" to gauge OPEC members' levels of compliance with promised cuts,...