Fighting broke out again in Ukraine's rebel-held city of Donetsk on Monday.» Read More
MOSCOW, Sept 16- Russia's economy could contract 3-4 percent if western nations tighten sanctions over Moscow's role in the Ukraine crisis to make them similar to those imposed on Iran, former finance minister Alexei Kudrin said on Tuesday. Western sanctions already bar some of Russia's largest companies and banks from raising financing on western markets.
MOSCOW, Sept 16- Western sanctions on Russian companies, officials and banks are counterproductive and do not solve political problems, Deputy Prime Minister Arkady Dvorkovich said on Tuesday. "When it comes to sanctions we consider them meaningless, counterproductive... measures that do not solve political problems," he told a foreign business conference.
It settled 65 cents a barrel higher at $92.92 on the previous session, recovering by more than $2 a barrel after falling earlier in the session towards 16- month lows. *November Brent gained 20 cents a barrel to $98.08 after it ended 8 cents lower at $97.88.
*Russia to meet with OPEC as low prices pressure budget. "The Chinese data was sufficiently negative to create real worry again about the outlook for demand there and globally," said John Kilduff, a partner at Again Capital LLC in New York.
Russia to meet with OPEC as low prices pressure budget. "The Chinese data was sufficiently negative to create real worry again about the outlook for demand there and globally," said John Kilduff, a partner at Again Capital LLC in New York.
*Russia to meet with OPEC as low prices pressure budget. NEW YORK, Sept 15- Brent and U.S. crude futures fell in choppy trading on Monday, with weak Chinese economic data pushing the expiring October Brent contract to a two-year low and news that Russia's energy minister would meet OPEC officials cushioning the drop.
MOSCOW, Sept 15- Russia's rouble fell to a record low against the dollar on Monday, as Russian companies made payments on foreign debt, oil prices dropped and markets came to expect the central bank would not intervene to defend the currency.
*Russia has so far ruled out joint action with OPEC. MOSCOW, Sept 15- Russian Energy Minister Alexander Novak will meet OPEC officials on Tuesday in Vienna, his spokeswoman said, as oil's price fall piled pressure on Moscow's budget. So far, Russia, the world's top producer of conventional oil, has ruled out coordinated action with OPEC to halt the price decline.
*SABMiller gains on report InBev seeking funding for takeover. A recovery in mergers and acquisitions has helped drive stock markets to multi-year highs, and sentiment was helped by a report that the world's No. 1 brewer, Anheuser-Busch InBev, was working on a bid for rival SABMiller.
AMSTERDAM, Sept 15- Beneath the low beams of a converted warehouse in Amsterdam lives a company with many of the attributes of a Silicon Valley startup, except that at less than a year old it has zero venture capital and says it is already making enough money to sustain itself.
MOSCOW, Sept 15- Russia's rouble currency hit a new low against the dollar on Monday, hit by falling oil prices and a decision by the central bank not to raise interest rates despite investor concern over the economic effect of the Ukraine crisis.
*China slowdown worries rattle stocks, Russian sanctions eyed. LONDON, Sept 15- Stock markets fell on Monday after China's factory output grew at the weakest pace in nearly six years in August, while worries over the impact of another round of sanctions on Russian projects added to headwinds for Moscow- listed companies and the oil market.
*China Aug factory output growth slows to near 6- year low. LONDON, Sept 15- Brent crude oil on Monday slumped to its lowest in over two years, below $97 per barrel as lacklustre economic data from China, the world's top energy consumer, cast a shadow over the outlook for oil demand at a time of abundant supply.
MOSCOW/ KIEV, Sept 14- Russian mobile firms face being squeezed out of Ukraine after Kiev signaled it would favor European companies in future airwave auctions to curb Moscow's influence in the country.
MOSCOW, Sept 15- The Russian rouble hit historic lows against the dollar on Monday, falling to 38 roubles per dollar, as investors were concerned about Moscow's response to a new wave of Western sanctions over the Ukraine crisis.
*China Aug factory output growth slows to near 6- year low. SINGAPORE, Sept 15- Brent crude slumped to a more than two-year low under $97 per barrel on Monday as lacklustre economic data from China, the world's top energy consumer, cast a shadow on the outlook for oil demand amid abundant global supplies.
MOSCOW, Sept 15- Russia will create a multi-billion dollar anti-crisis fund in 2015 of money destined for the Pension Fund and some left over in this year's budget to help companies hit by sanctions, Finance Minister Anton Siluanov was quoted as saying on Monday.
Ukranian Prime Minister Arseniy Yatsenyuk, says the plan is to achieve "real peace" with Russia and secure NATO membership.
*China Aug factory output growth slows to near 6- year low. SINGAPORE, Sept 15- Brent crude slumped to a more than two-year low under $97 per barrel on Monday as a slew of lacklustre economic data from China, the world's top energy consumer, cast a shadow on the outlook for oil demand amid abundant global supplies.
MOSCOW, Sept 14- Fresh U.S. and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves and complicate financing of existing Russian projects from the Caspian Sea to Iraq and Ghana.