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  • ASHGABAT, May 2- The European Union, keen to lessen its dependence on Russia for energy supplies, expects to start receiving natural gas from Turkmenistan by 2019, European Commission Vice President Maros Sefcovic said in an interview. For Turkmenistan it is very important to diversify its export options, while for the EU it is very important to diversify its...

  • SEFCOVIC SAYS "GREAT STEP WAS MADE" IN ASHGABAT TO MOVE FORWARD ON TRANS- CASPIAN PROJECT.

  • Argentina's capital is world capital of bookstores Friday, 1 May 2015 | 12:00 AM ET

    From hole-in-the-wall joints with used copies of works by Jorge Luis Borges, Miguel de Cervantes and Gabriel Garcia Marquez to elegant buildings with the latest children's books in several languages, Buenos Aires is filled with locales that pay homage to print. With a population of 2.8 million people within the city limits, there are 25 bookstores for every...

  • MOSCOW— A member of Russia's parliament has asked prosecutors to determine whether Apple violated Russia's ban on gay "propaganda" when it delivered U2's latest album to a half-billion iTunes users for free last year. Izvestia, a newspaper loyal to the Kremlin, reported Wednesday that it has a copy of Alexander Starovoitov's appeal to prosecutors in which he...

  • MOSCOW, April 30- Russia's central bank cut its main lending rate by 1-1/ 2 percentage points on Thursday, its third rate cut this year, a sign that it believes the worst of an economic crisis is over. The cut to 12.5 percent follows the rouble's recovery in recent weeks after a dramatic decline last year as global oil prices fell and Western economic sanctions over...

  • HELSINKI— Finnish utility Fennovoima said Thursday it has awarded the main contract for constructing a nuclear plant in Finland to the Russian company Titan-2. European sanctions against Moscow for backing Ukrainian rebels does not apply to Finland's cooperation with Rosatom, whose involvement in the 1,200- megawatt plant was approved in early 2013...

  • CTC posts 1Q profit Thursday, 30 Apr 2015 | 8:48 AM ET

    MOSCOW _ CTC Media Inc. on Thursday reported first-quarter net income of $8.4 million. The Moscow- based company said it had net income of 5 cents per share. Keywords: CTC Media, Earnings Report.

  • Russia looks set to extend import ban on Western food Thursday, 30 Apr 2015 | 7:43 AM ET

    MOSCOW, April 30- Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. The ban on most food imports from the United States, European Union and other countries worth $9 billion is due to run out on Aug. 7, a year after it was imposed in...

  • MOSCOW— The Russian Central Bank has cut its key interest rate by 1.5 percentage points to 12.5 percent to stimulate the economy as it heads into recession. The bank said a reduced threat of runaway inflation, which slowed slightly to 16.5 percent in April, had made the cut possible, but said there remained a risk of "a significant cooling of the economy."

  • The MSCI emerging market index has gained almost 8 percent since the start of April, getting a lift from a surge in Chinese stocks, though it was down 0.8 percent on the day. Investors' mood soured after first-quarter U.S. growth data came in much weaker than expected, compounding worries over a slowdown in China and on top of persistent jitters over Europe as Greece...

  • Russia interest rates in the spotlight   Thursday, 30 Apr 2015 | 5:20 AM ET
    Russia interest rates in the spotlight

    Simon Quijano-Evans, head of EM research at Commerzbank, says he wouldn't be surprised if the Russian Central Bank cut rates by 250 basis points or more, talking ahead of the announcement.

  • MOSCOW, April 28- Russia's central bank is expected to further trim its main lending rate on Thursday following a sharp rally in the rouble and as inflation expectations ease. Central bank Governor Elvira Nabiullina said earlier this month that the stronger rouble should allow the bank to lower its key rate. "We scaled down our expectations for a rate cut from...

  • We're maintaining a relationship with Rosneft: Statoil CEO

    Statoil CEO, Eldar Saetre, says it's important to maintain a long-term relationship with Rosneft, while staying aware of Western sanctions.

  • MOSCOW, April 29- Czech investment group PPF's Russian electrical goods retailer Eldorado says it aims to add 50 new stores this year to take advantage of lower rents at a time when smaller rivals are retrenching or going out of business. Hit by a drop in oil prices and Western sanctions over Moscow's role in the Ukraine conflict, Russia's economy is sliding into...

  • MOSCOW, April 29- Russia's second-biggest mobile phone operator Megafon confirmed guidance for flat revenues in 2015 although sales fell in the first quarter, hit by weaker demand for handsets and a one-off gain a year ago. Citing a challenging economy, Megafon also decided to split its payment of dividends with the larger part of the planned 40 billion rouble...

  • *Gazprom's forex loss at 1.1 trillion roubles in 2014. MOSCOW, April 29- Russian natural gas and oil producer Gazprom suffered an 86 percent fall in net income in 2014 because of the rouble's weakness, the fall in global oil prices and a dispute with Ukraine. Gazprom, the world's largest gas producer, has also reduced sales of gas to Ukraine, which had been one of its...

  • EU to blame for Crimea annex: Marine Le Pen   Wednesday, 29 Apr 2015 | 2:20 AM ET
    EU to blame for Crimea annex: Marine Le Pen

    Marine Le Pen, the leader of France's far-right National Front party, insists the annexation of Crimea was a direct result of major errors committed by the EU.

  • LONDON, April 28- If you don't like the message, you can always shoot the messenger. Premiums are in free fall in both Asia and Europe and looking decidedly wobbly in the United States. Rusal is singing from the same song-sheet as its U.S. peer Alcoa, which led the original calls for the LME to introduce a U.S.-style Commitments of Traders Report and, once it had done so,...

  • *Mechel's net loss hit by non-cash write-offs. *Mechel still in talks over debt restructuring. MOSCOW, April 28- Indebted Russian miner Mechel hopes to increase coal production by up to 15 percent this year after making a record net loss of $4.3 billion in 2014 due to $3.9 billion in write-offs relating to asset sales and a weaker rouble.

  • Putin says Russia over worst of economic downturn Tuesday, 28 Apr 2015 | 8:56 AM ET

    MOSCOW— Russian President Vladimir Putin says his country's economy has weathered the worst of its downturn even though it appears headed for a deep recession. Speaking in St. Petersburg at an event organized by the Russian People's Front, a government-sponsored campaign group, Putin said the country would still feel the effects of economic trouble in the...