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Europe News Eastern Europe

  • WASHINGTON— The Trump administration has imposed sanctions on two Russian officials and three dozen other individuals and companies over Russian activities in Ukraine. Treasury Secretary Steven Mnuchin says the new penalties are designed to "maintain pressure on Russia to work toward a diplomatic solution." The U.S. has been punishing Russia with...

  • Dmitry Shugaev, director of Russia's FSMTC agency, which oversees arms exports and imports, told reporters at the Paris Airshow that Russia saw continued demand for military aircraft, which account for 40 to 50 percent of its annual arms exports of around $15 billion. He said he expected Russia to maintain its spot as the second largest arms seller in the world...

  • ESIPOVO, Russia, June 20- Germany's Daimler began construction of a new Mercedes-Benz plant near Moscow on Tuesday, following through on the first new investment by a major foreign automaker in Russia since Western sanctions were imposed three years ago. Moscow Regional Governor Andrey Vorobyov said President Vladimir Putin had personally signed off on the...

  • BRATISLAVA, June 20- Volkswagen was hit by its first ever strike in Slovakia on Tuesday as workers began a walkout to demand a higher pay increase which could hurt the central European country's manufacturing output. The first strike at a major Slovak plant since the 1989 end of communist rule comes as economies across central Europe outpace western Europe,...

  • *China stocks dip ahead of MSCI decision on index inclusion. LONDON, June 20- Emerging market stocks took a breather on Tuesday after their best day in almost two months, as investors waited to see whether MSCI would add the first batch of mainland China- listed shares to its $1.5 trillion EM index. Taiwan's stock market also hit a 17- year high but the main focus of the...

  • BRATISLAVA, Slovakia— Workers at Volkswagen plant in Bratislava are on a strike over wages. Slovakia is a regional car-making powerhouse. Besides Volkswagen, France's PSA Peugeot Citroen and South Korea's Kia Motors Corp. have major plants in this Central European country of 5.4 million people.

  • BUDAPEST, June 20- The Hungarian forint held steady ahead of a Tuesday policy meeting by the National Bank of Hungary, when it is expected to keep its base rate on hold but decide to pump more liquidity into interbank markets. Analysts polled by Reuters expect Hungary's central bank to keep its base rate at a record-low 0.9 percent at least until the second quarter...

  • **LONDON- Bank of England Governor Mark Carney and British Finance Minister Philip Hammond will deliver speeches at a breakfast event at Mansion House in London. **SAN FRANCISCO, California- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Commonwealth Club of California- 1900 GMT.

  • **LONDON- Bank of England Governor Mark Carney and British Finance Minister Philip Hammond will deliver speeches at a breakfast event at Mansion House in London. **SAN FRANCISCO, California- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Commonwealth Club of California- 1900 GMT.

  • MOSCOW, June 19- Russian energy group Rosatom is a contender for South Africa's nuclear expansion project and the country will award the contract by the end of the year, the chairman of the South African Nuclear Energy Corporation said on Monday. "We are aiming for this to be done before the end of the year, and we very imminently want to start," Kelvin Kemm, Necsa...

  • LONDON, June 19- Emerging stocks enjoyed their biggest daily gains in nearly four weeks on Monday though weaker oil prices took a toll on many markets, with Russia's rouble down half a percent. MSCI's emerging equity benchmark rose 0.7 percent lifted by healthy gains in heavyweights Taiwan and Hong Kong which jumped around 1 percent, with stocks in mainland...

  • region@ BUDAPEST, June 19- Central European stock markets rose on Monday following a convincing parliamentary majority for President Emmanuel Macron in France which helped boost investor sentiment across Europe. He said shares of drug firm Richter also had room to rise further towards 7,600 forints per share from 7,241 forints on Monday, after it rose to...

  • BRUSSELS— The European Union has extended sanctions against Russia for a year over its annexation of Ukraine's Crimean Peninsula in 2014.. These sanctions are just one part of a raft of measures the EU has imposed on Russia for its role in the conflict in Ukraine and misuse of Ukrainian state funds. In addition to the annexation of Crimea, Russia is backing...

  • **FRANKFURT- ECB Board member Sabine Lautenschlager will give introductory remarks at an ECB high-level meeting on cyber resilience in Frankfurt, Germany 0900 GMT. **BRUSSELS- ECB Board member Daniele Nouy will give introductory statement at hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium 1400 GMT.

  • MONDAY, JUNE 19 CANBERRA- Reserve Bank of Australia Governor Philip Lowe takes part in panel discussion at the 2017 Crawford Australian Leadership Forum in Canberra. SYDNEY- Reserve Bank of Australia to release minutes of June monetary policy meeting- 0130 GMT. BANGKOK- Prime Minister Prayuth Chan- ocha, Deputy Prime Minister Somkid Jatusripitak and Finance...

  • **FRANKFURT- ECB Board member Sabine Lautenschlager will give introductory remarks at an ECB high-level meeting on cyber resilience in Frankfurt, Germany 0900 GMT. **BRUSSELS- ECB Board member Daniele Nouy will give introductory statement at hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium 1400 GMT.

  • *Rosneft finds first oilfield in Laptev Sea, eastern Arctic. MOSCOW, June 18- Russia's largest oil producer Rosneft said on Sunday it had found its first oilfield in the Laptev Sea in the eastern Arctic, making a breakthrough in the search for hydrocarbons in the harsh and far-flung region despite Western sanctions. Rosneft and its partners plan to invest 480...

  • MOSCOW— The Russian Foreign Ministry has criticized President Donald Trump's decision to freeze a detente with Cuba and his verbal attack on the Caribbean island's leaders. The statement says that "It's clear the anti- Cuba discourse is still widely needed. Moscow maintains close ties with Havana, and in March signed a deal to ship oil to Cuba for the first time in...

  • MOSCOW— Russian President Vladimir Putin has warned that new U.S. sanctions on Russia will damage ties between the two countries. The U.S. Senate voted overwhelmingly Thursday to approve sanctions against Russia for its alleged interference in the 2016 election. Putin said that Russia would be forced to make changes because of the sanctions, but they wouldn't...

  • **FRANKFURT- ECB Board member Sabine Lautenschlager will give introductory remarks at an ECB high-level meeting on cyber resilience in Frankfurt, Germany 0900 GMT. **BRUSSELS- ECB Board member Daniele Nouy will give introductory statement at hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium 1400 GMT.