Europe News Eastern Europe

  • DUBAI, Dec 3- OPEC will meet non- OPEC countries to finalise a global oil limiting pact on Dec. 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting was due to take place in the Russian capital Moscow, but later said that plan had changed. OPEC agreed this week to reduce output by around 1.2 million barrels per day beginning in...

  • NEW YORK- Federal Reserve Bank of New York President William Dudley participates in panel on "Financial Regulation Nine Years on from the GFC-- Where Do We Stand?" PRAGUE- European socialist leaders including UK Labour Party leader Jeremy Corbyn, German Vice Chancellor Sigmar Gabriel, Member of the European Parliament Sergei Stanishev, Slovakia Prime Minister...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday above $51 a barrel with Brent crude on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market focused on the implementation and impact of...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday, steady above $51 a barrel, with Brent crude on track for its biggest weekly rally since 2009, following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market will focus on the implementation...

  • *Poland and Ukraine to take joint actions to oppose the plan. WARSAW, Dec 2- Poland and Ukraine plan to act jointly to block projects that could result in Russia's Gazprom gaining greater access to the European gas market by bypassing Ukraine, Ukrainian President Petro Poroshenko said on Friday. Ukraine has not bought gas from Russia for about a year due to a...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices steadied above $51 a barrel on Friday, with Brent crude on track for its biggest weekly rally since 2009, following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market's focus now shifts to the implementation and...

  • WARSAW, Dec 2- The European Union might fill a void in global trade left by the United States if the world's biggest economy becomes more inward-looking with Donald Trump as president, EU Trade Commissioner Cecilia Malmstrom said on Friday. "I think the EU has a possibility to fill the void," she told a congress of the Alliance of Liberals and Democrats for Europe...

  • WARSAW, Poland— Ukraine's president says his country and Poland want to speed up the construction of a pipeline link that would bring gas from Europe to Ukraine and aims to cut dependence on Russian deliveries. Petro Poroshenko, on a visit to Poland, said Friday that he and Polish President Andrzej Duda will urge their ministers responsible for the economy to...

  • *First joint cut between OPEC and Russia since 2001. MOSCOW, Dec 2- Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Under this week's follow-up agreement, the first between OPEC and Russia since 2001,...

  • DUBAI, Dec 2- OPEC will meet non- OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday. OPEC agreed this week to reduce output by around 1.2 million barrels per day beginning in January in a bid to reduce global oversupply and prop up prices. It hopes non- OPEC countries will contribute...

  • *First joint cut between OPEC and Russia since 2001. MOSCOW, Dec 2- Russia plans to use its post-Soviet era record high November oil production as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Under this week's follow-up agreement, the first between OPEC and Russia since 2001, specific...

  • BUDAPEST, Hungary— A Hungarian cable news and talk channel has been sold to an ally of the prime minister, the broadcaster's founder said Friday. A company linked to Meszaros, a former gas fitter listed as the 28th richest Hungarian by Forbes magazine, recently bought a major newspaper and magazine publisher, increasing concerns about media diversity and...

  • BUDAPEST/ WARSAW, Dec 2- The zloty hit a 5- month low due to fears that Standard& Poor's may downgrade Poland's debt rating, while long-dated government bonds remained under pressure in Central Europe. S&P is expected to review Poland's debt rating late on Friday. Its' BBB+' rating is on negative outlook and a rise in government spending may put further pressure on...

  • MOSCOW/ KIEV, Dec 2- Russia said on Friday it had uncovered a plot by foreign spy agencies to sow chaos in Russia's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust. Russia's domestic intelligence agency, the Federal Security Service, said that the servers to be used in the alleged cyber attack were located...

  • MOSCOW, Dec 2- Russia said on Friday it had uncovered a plot by foreign spy agencies to sow chaos in Russia's banking system via a coordinated wave of cyber attacks and fake social media reports about banks going bust. Russia's domestic intelligence agency, the Federal Security Service, said in a statement that the servers to be used in the alleged cyber attack...

  • An employee works in the offices of the OAO Moscow Exchange.

    Russia's main domestic security agency says unspecified foreign special services are plotting a series of cyber attacks.

  • MOSCOW— Russia's main domestic security agency says unspecified foreign special services are plotting a series of cyber attacks aimed at destabilizing the nation's financial system. The Federal Security Service, known under its Russian acronym FSB, said the computer servers involved in the planned attacks are located in the Netherlands and belong to...

  • PRAGUE- European socialist leaders including UK Labour Party leader Jeremy Corbyn, German Vice Chancellor Sigmar Gabriel, Member of the European Parliament Sergei Stanishev, Slovakia Prime Minister Robert Fico and Czech Republic Prime Minister Bohuslav Sobotka hold a meeting in Prague- 1730 GMT. TOKYO- Asian Development Bank Institute holds a conference...

  • PRAGUE— The Czech Republic has launched a new system to increase tax revenue by requiring bars and restaurants to report their sales online. The Finance Ministry hopes the electronic reporting system that went into effect Thursday will bring in an extra $700 million in taxes, but critics say it will force watering holes to raise prices or even close down.