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  • *Uralkali posts 2014 net loss of $631 mln due to write-offs. MOSCOW, March 5- Russia's Uralkali will invest $4.5 billion over the next five years to raise production capacity by 30 percent, aiming to remain the world's largest potash company despite a setback at a major mine. Uralkali, whose competitors include Canada's Potash Corp, posted a net loss of $631 million...

  • *North America a top priority in 2015. BERLIN, March 5- German sportswear company Adidas expects robust sales and profit growth in 2015 as consumer confidence improves around the world and it redoubles its efforts in North America, where it has fallen further behind fierce rival Nike. Adidas managed to slow its decline in North America in the fourth quarter, with...

  • CTC posts 4Q profit Thursday, 5 Mar 2015 | 5:48 AM ET

    MOSCOW _ CTC Media Inc. on Thursday reported fourth-quarter profit of $18.6 million. On a per-share basis, the Moscow- based company said it had profit of 12 cents. For the year, the company reported profit of $108.1 million, or 69 cents per share.

  • LONDON, March 5- Emerging market stocks fell to a three-week low on Thursday as a buoyant dollar and China calling its lowest growth for 25 years a' new normal' soured the mood among investors. The MSCI emerging equities index was 0.2 percent lower at a level last seen in mid February, while the Asia excluding Japan benchmark, fell 0.4 percent. Shares in Turkey's...

  • BRUSSELS— Spain has welcomed a new agreement to connect its energy network with those in Portugal and France as a major step toward breaking Europe's dependence on Russian gas supplies. He said the MIDCAT project linking gas infrastructure through Spain's northeast Catalonia region to southern France would help ensure that " Europe reduces its dependence...

  • MOSCOW— Russian news agency Tass says that Russian media outlets are no longer granted access to official events in Ukraine. Last week, Ukraine's Security Service said it had drawn up a list of about a hundred Russian news organizations that would be banned, but that list has not been released publicly. Ukraine has repeatedly accused Russia's state-controlled...

  • LONDON, March 4- Britain on Wednesday told Russian oligarch Mikhail Fridman he had seven days to explain why he should be allowed to retain ownership of newly acquired oil and gas fields in the North Sea or face being forced to sell them. Upping the ante in a standoff that could deter other Russians from investing in Britain, Ed Davey, Britain's energy minister,...

  • KIEV, March 4- A month ago, Natalia Sorokun, 40, went to a downtown Kiev branch of Delta Bank to ask if the bank was solid enough to continue keeping her safe deposit box of valuables there. Now, a day after Ukraine's central bank declared Ukraine's fourth largest bank insolvent, Sorokun and other Delta Bank customers could only knock on the bank's locked door in hope...

  • LONDON, March 4- Britain will not drop its opposition to Russian billionaire Mikhail Fridman's purchase of North Sea oil and gas fields after cementing its objections at a meeting chaired by Prime Minister David Cameron, a government source told Reuters. But the British government has said that it is concerned that production at the fields could be halted if...

  • *Higher fund flows coming from eastern Europe to Dubai. Swiss-based but Abu Dhabi- owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in January. The last major acquisition by Falcon, which manages around 16 billion francs of assets, was the...

  • MOSCOW/ KIEV, March 4- Russian President Vladimir Putin said on Wednesday that he did not want a gas conflict with Ukraine similar to ones that took place in the past, and that Kiev only had enough pre-paid gas from Russia to last two days. Previous "gas wars" have led to supply disruptions to Europe, which gets around a third of its gas from Russia, and 40 percent of this...

  • MOSCOW, March 4- Russia's biggest privately-held homebuilder, SU-155, said it had failed to pay out to its bondholders under a put option agreement and was seeking to restructure its debts to avoid an outright default. Global investors have been closely watching developments in Russia, whose economy is teetering on the brink of recession due to a steep fall in...

  • MSCI's overall emerging share index lost 0.55 percent to hit a 10- day low, with stocks markets in Turkey, South Africa and Greece also trading down. In South Africa, the rand traded within sight of a three-week low against the dollar as Deputy Central Bank Governor Francois Groepe said economic growth continued to disappoint. In Turkey, the lira hit a record low of...

  • UPDATE 1-Russian assets little changed in early trade Wednesday, 4 Mar 2015 | 2:42 AM ET

    MOSCOW, March 4- The Russian rouble was little changed in early trade on Wednesday, slightly losing ground against the U.S. dollar but gaining against the euro, while Moscow- listed shares edged higher. Oil, Russia's main export, traded around $0.3 lower, with Brent crude holding above $60 per barrel. Analysts said the future trajectory of the Russian currency was...

  • PARIS— A British investor who made millions in Russia before his lawyer was imprisoned and died is calling for an international investigation into the killing of Russian opposition figure Boris Nemtsov. U.S.-born William Browder is suggesting a probe led by the United Nations, the Council of Europe or the Organization for Security and Cooperation in Europe.

  • Mongolia, which has Russia and China as its neighbours, has large quantities of natural resources including copper, gold, silver and uranium deposits. Merkel outlined the difficulties involved in getting start-up financing for infrastructure and mining projects, and the need for infrastructure expansion in Mongolia. "Thirdly, Mongolia has big neighbours...

  • The Reserve Fund is used to support Russian public finances in time of low oil and gas prices and is held in dollars, euros and British pounds. Russia's other main sovereign fund, the National Wealth Fund, rose by $900 million in February to $74.92 billion, the ministry said Tuesday, although its value in ruble terms fell. As of February 20, the last date for which data...

  • Azerbaijan watches for dissent as economy slows Tuesday, 3 Mar 2015 | 5:50 AM ET

    BAKU, March 3- Azerbaijan is keeping a close eye on any sign of dissent as economic problems mount before a parliamentary election this year in the oil-producing former Soviet republic. Hit by the fall in global oil prices, the rouble's drop against the dollar in neighbouring Russia and the separatist war in east Ukraine, the South Caucasus country devalued the...

  • In Russia, dollar-denominated and rouble-based stocks rose as much as 1.9 percent, getting a helping hand from oil rising above $60 per barrel and progress in talks over gas supplies from Moscow to Kiev. "It just feels like things are de-escalating," Ilan Solot, emerging market currency strategist at Brown Brothers Harriman, said of the Ukraine situation.

  • Why you should still eye Russian assets  Tuesday, 3 Mar 2015 | 3:00 AM ET

    Richard Titherington, CIO of emerging markets equity at JPMorgan Asset Management, explains why he's willing to look beyond short-term political risk in Russia.