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Europe News Eastern Europe

  • ATHENS/ MOSCOW/ NEW YORK, July 26- A Russian man suspected of being the anonymous mastermind behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece, police and sources said on Wednesday. Police sources identified him as Alexander Vinnik, 38, who was arrested after a tip-off in a small beachside...

  • MOSCOW, July 26- The U.S. House of Representatives overwhelmingly voted to impose new sanctions on Moscow, triggering an angry reaction from Russian officials, but analysts are playing down the impact. Russian President Vladimir Putin will decide if and how Moscow will retaliate once the fresh sanctions become law. The United States "should continue to uphold...

  • *Brussels angered by rift in approach to Russia sanctions. BRUSSELS, July 26- The European Union warned on Wednesday that it was ready to act within days to counter proposed new U.S. sanctions on Russia, saying they would harm the bloc's energy security. Brussels also fears the new sanctions will harm European firms with connections to Russia, and oil and gas...

  • ATHENS, July 26- A Russian man suspected of laundering at least $4 billion of criminal funds by switching them into the digital currency bitcoin has been arrested in Greece, police said on Wednesday. After a tip-off, he was arrested in a small beachside village in northern Greece, on a U.S. warrant, and police said the United States would seek to extradite him.

  • *Russia warns of retaliation, damage to U.S.- Russia ties. MOSCOW/ BRUSSELS, July 26- Russia warned it was edging closer to retaliation against Washington after the House of Representatives backed new U.S. sanctions on Moscow, while the European Union said the move might affect its energy security and it stood ready to act too. The lower house of the U.S. Congress...

  • BUDAPEST, July 26- Central European currencies eased as the European Commission said it would start legal action against Poland over an overhaul of the judiciary that it says undermines the independence of judges. Commission head Jean-Claude Juncker also threatened Poland with suspending its voting rights in the European Union on Wednesday, a move which...

  • *Brussels angered by rift in approach to Russia sanctions. BRUSSELS, July 26- The European Union warned on Wednesday that it was ready to act within days to counter proposed new U.S. sanctions on Russia, saying they would harm the bloc's energy security. Sanctions legislation overwhelmingly approved by the U.S. House of Representatives on Tuesday has angered EU...

  • ATHENS, July 26- Greek police arrested a Russian man suspected of running a money laundering operation involving turning $4 billion dollars from illicit business activities into the digital currency bitcoin, they said on Wednesday. Police did not name the 38- year-old, who was arrested in the northern Greek region of Chalkidiki on Monday on a U.S. warrant.

  • SAN FRANCISCO, July 26- The Trump administration's refusal to publicly accuse Russia and others in a wave of politically motivated hacking attacks is creating a policy vacuum that security experts fear will encourage more cyber warfare. In the past three months, hackers broke into official websites in Qatar, helping to create a regional crisis; suspected...

  • MOSCOW, July 26- Russian fish farming company Russian Aquaculture plans to invest in more production capacity, encouraged by last year's return to profit and a nascent recovery in consumption, Chief Executive Ilya Sosnov told Reuters. The company, which farms salmon and trout in the Barents Sea and in the northern Karelia region, made a loss in 2015 after it was...

  • LONDON, July 26- Emerging markets were mostly firmer on Wednesday after a shaky start in Asia caused by a slight rise in the dollar and U.S. bond yields before the Federal Reserve meeting. Poland's zloty inched further off recent three-month lows and Polish stocks rose 0.6 percent as investors' bullish view on emerging markets before the Fed meeting outweighed...

  • *EU seen threatening Poland, but not launching sanctions yet. BUDAPEST, July 26- The zloty firmed slightly on Wednesday on expectations that the European Union's executive will not launch new legal proceedings against Poland over a law allowing the government to appoint judges. One EU official who declined to be named said the EU's executive on Wednesday would...

  • *Turkey, North Africa, Ukraine stand to benefit. BRATISLAVA, July 25- Central and Eastern Europe faces the end of an economic era. VW was one of dozens of big Western manufacturers beating a path to Slovakia, the Czech Republic, Poland and Hungary after the fall of communism in search of cheap labor.

  • *Conflicts help drive demand for arms. PRAGUE, July 26- During the last days of the Cold War in 1988, Czechoslovakia's Aero Vodochody's factory outside Prague produced a record 250 of its Albatros L-39 training jets for Soviet bloc air forces. "The influence of big countries in emerging markets is changing," said Aero Chief Executive Giuseppe Giordo told Reuters.

  • SAN FRANCISCO, July 26- The Trump administration's refusal to publicly accuse Russia and others in a wave of politically motivated hacking attacks is creating a policy vacuum that security experts fear will encourage more cyber warfare. In the past three months, hackers broke into official websites in Qatar, helping to create a regional crisis; suspected...

  • *Spot gold had dropped 0.1 percent to $1,247.08 per ounce by 0038 GMT. *U.S. Senate Republicans narrowly agreed on Tuesday to open debate on a bill to end Obamacare, but the party's seven-year effort to roll back Democratic President Barack Obama's signature healthcare law still faces significant hurdles. *The U.S. House of Representatives voted overwhelmingly...

  • *Spot gold had dropped 0.1 percent to $1,247.08 per ounce by 0038 GMT. *U.S. Senate Republicans narrowly agreed on Tuesday to open debate on a bill to end Obamacare, but the party's seven-year effort to roll back Democratic President Barack Obama's signature healthcare law still faces significant hurdles. *The U.S. House of Representatives voted overwhelmingly...

  • TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. **FRANKFURT- The European Central Bank releases monthly data on lending and money supply- 0800 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury...

  • TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. **FRANKFURT- The European Central Bank releases monthly data on lending and money supply- 0800 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury...

  • *Anadarko cuts capital budget by $300 million. *OPEC to tackle some members' compliance with output deal. NEW YORK, July 25- Oil rose 3.3 percent on Tuesday to the highest close in more than a month, a day after U.S. oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.