Europe News Eastern Europe

  • BENGALURU/ LONDON, Dec 7- Global stock markets will rise further in 2017, hundreds of upbeat strategists say in a Reuters poll released on Wednesday, braving a long list of political uncertainties just as the fuel behind the historic post-financial crisis rally runs dry. The most striking shift since the last Reuters global survey- in October- is how quickly many...

  • DUBLIN— A Dublin judge on Wednesday ordered Irish authorities to unfreeze 100 million euros in cash belonging to an exiled Russian oligarch, ruling that police had provided no evidence that the funds were illegally gained as Russia contends. Ireland froze the funds in 2011, while Khodorkovsky was still imprisoned in Russia, at the start of an Irish police...

  • *Ukraine was promised visa-free regime by the European Union. Kiev jittery about waning support in stand-off with Russia. BRUSSELS/ KIEV, Dec 7- The European Union is putting its credibility and reputation at risk by letting internal political wrangling stall a promised easing of visa requirements for Ukraine and Georgia, the head of the European Council said.

  • BUDAPEST, Hungary— The Hungarian government says it is pulling out of an international initiative to promote transparency and fight corruption because of the group's unfair criticism of the country. The Hungarian Foreign Ministry says Wednesday that the Open Government Partnership, which includes some 70 countries, has issued "one-sided reports" about...

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. NEW YORK, Dec 6- Oil prices on Tuesday ended lower for the first time since OPEC agreed on Nov. 30 to cut output, as data showing record high production in the producer group fed skepticism that it would be able to reduce supplies.

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. NEW YORK, Dec 6- Oil prices on Tuesday ended lower for the first time in a week since OPEC agreed to cut output on growing skepticism that the cartel would be able to reduce supplies as data showed record high production in most major export regions.

  • By Pamela Barbaglia and Martinne Geller. LONDON, Dec 6- The field of bidders for SAB Miller's Central and Eastern European beer brands being sold by Anheuser-Busch InBev has narrowed after U.S. buyout fund Bain Capital walked away, sources told Reuters on Tuesday. The other bidders are a consortium led by Swiss investment firm Jacobs Holding and PPF, the...

  • By Pamela Barbaglia and Martinne Geller. LONDON, Dec 6- The field of bidders for SAB Miller's Central and Eastern European beer brands being sold by Anheuser-Busch InBev has narrowed after U.S. buyout fund Bain Capital walked away, sources told Reuters on Tuesday. The other bidders are a consortium led by Swiss investment firm Jacobs Holding and PPF, the...

  • *OPEC, Russian oil output at record highs. *Saudi price war could undermine OPEC promise. After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent futures fell $1.06, or 1.9 percent, to $53.88 a barrel by 1:26 p.m. EST.

  • WARSAW, Poland— Poland's ruling party, which lost many leading members in a 2010 plane crash that killed a swath of the country's leadership, is facing criticism for its own chaotic organization of a government flight that initially had too many people on one plane. The flight took place Nov. 28, when a government delegation was returning to Warsaw from London.

  • *OPEC, Russian oil output at record highs. *Saudi price war, Neutral Zone plan undermine OPEC promise. After rising over 15 percent over the four sessions since the Nov. 30 OPEC meeting, Brent futures were down $1.25, or 2.3 percent, to $53.69 a barrel at 10:13 a.m. EST.

  • BUDAPEST/ WARSAW, Dec 6- Poland led a rise in Central European assets on Tuesday, benefiting from a rating outlook upgrade by Standard& Poor's as the region's markets attracted buyers on expectations of more monetary stimulus in the euro zone. European Central Bank bond purchases have fuelled demand for eastern European sovereign debt, and the Bank is expected...

  • *Could raise up to $400 mln vs target of $550 mln. LONDON, Dec 6- Glencore will likely fall short of its target of raising $550 million to pre-finance the purchase of Kurdish oil, with investors exercising caution despite the offer of a 12 percent bond yield, industry sources told Reuters. The oil has been relatively cheap because of potential supply disruptions and...

  • *Ukraine was promised visa-free regime by the European Union. *Ukraine minister sees' complete impotence' in EU. KIEV, Dec 6- Ukraine feels let down by the European Union for not keeping to a promise to give its citizens visa-free travel in the bloc, senior Ukrainian officials said.

  • *Orban allies increase media ownership. BUDAPEST/ VIENNA, Dec 6- People close to Prime Minister Viktor Orban are increasing their control over Hungarian media, raising concerns among government critics and international bodies over press freedom as an election approaches. Some journalists who spoke to Reuters said they were alarmed last month when the...

  • *Hungary's output, Czech retail sales below expectations. BUDAPEST, Dec 6- Warsaw stocks hit a three-month high on Tuesday in the wake of Standard& Poor's outlook upgrade on Polish debt, while Central European assets mostly moved sideways. Warsaw's blue-chip equities index rose 1.1 percent Polish 10- year yields dropped six basis points to 3.69 percent, while...

  • LONDON, Dec 6- Emerging market equities hit five-day highs on Tuesday, with the Moscow bourse at fresh peaks as investors shrugged off the results of Italy's referendum, while a weaker dollar helped currencies such as the rand and the lira make gains. Italian Prime Minister Matteo Renzi said he would resign after the weekend's referendum, which saw voters reject...

  • *Board to consider buying 35 pct stake in Eni's project in Egypt. MOSCOW, Dec 5- Russian oil firm Rosneft opened the books for a 600 billion rouble bond sale on Monday to raise money for foreign projects, and said it was interested in an offshore concession in Egypt. Last month, Eni agreed to sell a 10 percent stake in the concession to BP for $375 million and the...

  • *Board to consider buying 35 pct stake in Eni's project in Egypt. MOSCOW, Dec 5- Russian oil firm Rosneft opened the books for a 600 billion rouble bond sale on Monday to raise money for foreign projects, and said it was interested in an offshore concession in Egypt. Last month, Eni agreed to sell a 10 percent stake in the concession to BP for $375 million and the...

  • MILAN— The outcome of the referendum on constitutional reforms in Italy has prompted Premier Matteo Renzi to announce his resignation after 2 ½ years in office. Here is a look at the political landscape in Italy following the result. The center-left Democratic Party, or PD, has been left most battered by Renzi's resignation as prime minister following the...