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  • BUDAPEST, Hungary— Austria's decision to start inspecting trucks at its border with Hungary after 71 migrants died in a food truck has created a huge, 25- kilometer traffic jam on the main Budapest- Vienna highway. The Hungarian traffic firm Utinform reported the backup at the Hegyeshalom border crossing Monday and said traffic was slower than usual at other...

  • NEW YORK, Aug 28- A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase& Co is in talks to resolve his criminal case, according to court papers filed Friday. Should a plea deal be reached, it could be a breakthrough for authorities investigating the hacking of...

  • MOSCOW, Aug 28- Russian President Vladimir Putin signed a decree on Friday that will likely place Moscow's second-largest airport, Sheremetyevo, under the control of his businessman friend Arkady Rotenberg, an industry source said. Sheremetyevo, home to Russia's flagship airline Aeroflot, has fallen behind privately owned Moscow rival Domodedovo in terms...

  • MOSCOW, Aug 28- Russian consumer electronics and white goods retailer M.video said its online sales surged in the past week as a renewed weakening in the rouble prompted some consumers to splash out on durable goods. The rouble fell sharply against the dollar on Aug. 24, approaching its 2015 low, as prices of oil, Russia's chief export, skidded.

  • WARSAW, Poland— Poland's defense ministry says the country has reached a preliminary agreement with Bulgaria to modernize the Balkan country's Soviet-era fleet of MiG-29 fighter jets. The deal comes as Bulgaria seeks to reduce its reliance on Russia in light of the Ukraine crisis, which has made many countries across the former Soviet bloc nervous.

  • *Bashneft, Gazprom Neft grow Q2 profits in rouble terms. *Lukoil's dollar profits down, will switch reporting to roubles. On Friday, Bashneft, a medium-sized Russian oil producer, posted a 13 percent increase in second quarter net profit to 17.9 billion roubles, following strong results by Gazprom Neft earlier this month.

  • MOSCOW— Ukraine asked Russia on Friday for lower gas prices for the winter and said Moscow should accept to write off a part of its loans to Kiev, as other international bondholders did this week. Gas disputes between Russia and Ukraine have led to cut-offs of supply in the past, and one standoff in 2009 caused serious disruptions in gas flowing from Russia via...

  • Ukraine's bondholders jump at debt restructuring deal Thursday, 27 Aug 2015 | 10:53 AM ET

    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...

  • Kremlin pivot to China slowed as projects delayed Thursday, 27 Aug 2015 | 6:20 AM ET

    *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...

  • TABLE-Energy cooperation between Russia and China Thursday, 27 Aug 2015 | 6:20 AM ET

    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.

  • Ukraine reaches debt relief deal with creditors Thursday, 27 Aug 2015 | 5:54 AM ET

    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...