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  • *Russia to meet OPEC next week, likely to stick to strategy. MOSCOW/ LONDON, May 27- As Russia prepares to meet OPEC next week, a briefing paper from a Moscow think tank has shed light on how the government was warned against cutting oil output late last year even though global prices were plummeting. "If Russia cuts output, OPEC will take our market share in Europe," a team...

  • Putin expects sanctions against Russia to be lifted Tuesday, 26 May 2015 | 8:02 AM ET

    MOSCOW— Russian President Vladimir Putin has encouraged businesses to expand domestically before Western nations lift economic sanctions, allowing once again the sale of many foreign goods in Russia. Russia's economy is expected to contract 3.8 percent this year in the World Bank's estimates, battered by the sanctions and capital outflows.

  • WARSAW, May 24- Poles voted for a president on Sunday in a run-off that is too close to call but has already sounded a warning for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda,...

  • WARSAW, May 24- Poles voted for a president on Sunday in a run-off that is too close to call but has already sounded a warning for the ruling Civic Platform as it looks to re-election later in the year. Originally seen as a shoo-in for a second five-year term, incumbent Bronislaw Komorowski finds himself neck and neck with his conservative challenger, Andrzej Duda,...

  • MOSCOW, May 23- Russia would adopt a tough position if Ukraine decided not to pay off debts owed to Moscow by its previous government, Russian Prime Minister Dmitry Medvedev said in an interview broadcast by Russian TV on Saturday. Russia has spoken out against a new Ukrainian law allowing a moratorium on foreign debt repayments, threatening to take Ukraine to...

  • Shake Shack extends run on "chicken shack" talk Friday, 22 May 2015 | 2:04 PM ET

    NEW YORK— Shake Shack's shares surged to another record high Friday, fueled in part by speculation that the hamburger chain could be thinking about dishing out chicken. Last month, a unit apparently tied to Shake Shack's parent company applied to trademark the words "Chicken Shack" for chicken sandwiches. Earlier this month, Shake Shack Inc. reported...

  • BRUSSELS/ OSLO, May 22- Norway has overtaken Russia as western Europe's top gas supplier, data from state firms shows, indicating the European Union's drive to reduce its dependence on Russian energy is bearing fruit. Norway exported 29.2 billion cubic metres to western Europe in the first quarter of this year, figures from Norwegian state operator Gassco show,...

  • This country's economy may shrink by 10% in 2015 Friday, 22 May 2015 | 8:34 AM ET

    Ukraine may have dropped out of the headlines but its economic troubles are worsening as it continues to battle with separatists—and bondholders.

  • EU embrace of eastern partners turns lukewarm Friday, 22 May 2015 | 4:19 AM ET

    The two-day meeting in Riga underlined that the EU's relations with Russia's neighbors in Eastern Europe are moving on different tracks, with only three of them— Ukraine, Georgia and Moldova— truly pursuing deeper integration. Belarus and Armenia are seeking only limited cooperation after joining Russia's Eurasian Economic Union and Azerbaijan showed...

  • Eurovision: Geopolitical cracks beneath cheesy songs Friday, 22 May 2015 | 1:02 AM ET

    2015 marks the 60th anniversary of the infamous Eurovision Song Contest, in which Australia will be making a debut guest appearance.

  • *Islamic State fighters have scored twin successes in Syria and Iraq, taking full control of the historic Syrian city of Palmyra and overrunning Iraqi government defences east of Ramadi on Thursday. *Islamic State militants have seized the last border crossing between Syria and Iraq controlled by the Syrian government, a Syrian human rights group said on...

  • The new arms race in the South China Sea Thursday, 21 May 2015 | 1:19 PM ET
    An Indonesian naval vessel.

    Defense spending among nations in the South China Sea region is rising, but most of it isn't going to the United States.

  • MOSCOW, May 21- The International Monetary Fund sees the Russian economy shrinking by 3.4 percent in 2015, a smaller contraction than previously forecast, but said the country's public finances faced big longer-term challenges because of low oil prices. Russia's economy was tipped into crisis last summer when an existing slowdown was compounded by a sharp...

  • IMF upgrades Russia growth outlook Thursday, 21 May 2015 | 10:31 AM ET

    MOSCOW— The International Monetary Fund predicts a less severe recession for Russia and says the country's economy will return to growth in a "mild recovery" next year. Following a recent staff visit to Russia, the IMF says in a statement that it now predicts a 3.4 percent contraction in GDP this year and says "growth should resume" in 2016.. On Thursday, the IMF did not...

  • Kyrgyzstan ratifies joining Russia-led trade bloc Thursday, 21 May 2015 | 6:40 AM ET

    BISHKEK, Kyrgyzstan— The Central Asian country of Kyrgyzstan has ratified a measure to join the Eurasian Economic Union, a Russia- led trade bloc. The country's entry must then be approved by the parliaments of the other members— Russia, Kazakhstan, Armenia and Belarus. Russia pushed hard for Ukraine to join the bloc, but opponents saw it as an attempt by Moscow to...

  • Failed launches cast shadow over Russian space program Thursday, 21 May 2015 | 3:58 AM ET

    MOSCOW— Back-to-back rocket launch failures have dealt Russia one of the heaviest blows to its space industry since the Soviet collapse— with national pride and billions of dollars at stake. The setbacks threaten to erode Russia's leading position in the multibillion global launch market, in which it commands an estimated 40 percent share, and dent President...

  • Russia budget crunch shows no quick end to economic pain Wednesday, 20 May 2015 | 2:18 PM ET

    MOSCOW, May 20- Russian Finance Minister Anton Siluanov warned on Wednesday the country would face no choice but to rein in public spending over the next few years, highlighting how Russia is still in deep economic trouble even if it has dodged an immediate meltdown. Russia was tipped into crisis by last year's sharp drop in oil prices, compounded by Western...

  • *Putin says new law paves way for Ukraine default. MOSCOW, May 20- Russia on Wednesday demanded the timely repayment of all debts owed to it by Ukraine and accused Kiev of effectively preparing the way for default with a new law. Moscow, whose relations with Kiev have been wrecked by a year-long conflict in eastern Ukraine, has declined to join the debt restructuring...

  • MOSCOW, May 20- Russian President Vladimir Putin said on Wednesday a law adopted by Ukraine allowing it to miss repayments to international creditors, Russia among them, was strange and unprofessional. Putin, speaking at a meeting with government ministers, said the Ukrainian legislation was in effect about an upcoming default by Ukraine.

  • LONDON, May 20- Emerging market currencies and stocks fell on Monday, coming under pressure from a climbing dollar after better-than-expected U.S. housing data. South Africa's rand, the Turkish lira and the Israeli shekel weakened by as much as half a percent against the dollar. "There are a lot of cross currents for emerging markets, with the dollar and oil prices...