Alexei Kudrin, former finance minister of Russia, says the country's central bank "will not participate" in currency interventions.» Read More
MOSCOW/ LONDON, May 13- Around a dozen chief executives and chairmen of major U.S. and European corporations have withdrawn from an economic conference in Russia as pressure between Moscow and the West grows over the crisis in Ukraine.
*Russia retaliates for U.S. sanctions on high-tech exports. KIEV/ MOSCOW, May 13- Pro-Russian separatists ambushed Ukrainian troops on Tuesday, killing seven in the heaviest loss of life for government forces in a single clash since Kiev sent soldiers to put down a rebellion in the country's east.
BERLIN, May 13- International Monetary Fund chief Christine Lagarde warned Russia on Tuesday that its economy, already facing lower economic growth because of the crisis in Ukraine, would face still further decline if tension with the West is allowed to continue.
*Libya says reopening western oilfields, but output unchanged. NEW YORK, May 13- U.S. crude oil futures climbed to two-week highs on Tuesday on expectations for another draw on stocks at contract's delivery point at Cushing, Oklahoma, while Brent edged up as traders doubted that Libyan oil exports would soon rebound.
BRUSSELS, May 13- Ukrainian Prime Minister Arseny Yatseniuk urged Russia on Tuesday not to use natural gas as a "weapon" against his country, and accused Moscow of seizing tens of billions of dollars' worth of its assets and energy resources in Crimea.
CNBC's Mary Thompson reports from the Morgan Stanley annual shareholder meeting where CEO James Gorman spoke about selling part of its commodities business to Russia's Rosneft.
MOSCOW/ LONDON, May 13- Around a dozen chief executives and chairmen of major U.S. and European corporations have pulled out of an economic conference in St Petersburg as pressure between Russia and the West grows over the crisis in Ukraine.
LONDON, May 13- Gold steadied on Tuesday, clawing back early losses, as a rally in European stocks lost steam and U.S. stocks opened flat, as economic data painted a mixed picture of the economy. Spot gold was flat at $1,295.20 an ounce at 1342 GMT, having earlier slipped as low as $1,288.64, while U.S. gold futures for June delivery were down 30 cents an ounce at $1,295.50.
*Norway seeks drilling in Barents Sea that froze in 1980 s. OSLO, May 13- Norway wants to let oil and gas companies drill in Arctic seas that were frozen as recently as the 1980 s even though some climate experts say it is too early to trust global warming to keep the ice away.
Pro- Moscow rebels in east Ukraine call to join Russia. LONDON, May 13- Brent crude reversed early losses and rose towards $109 a barrel on Tuesday, as traders expressed doubt about how quickly supplies will return from Libya, while the threat of further Western sanctions against Russia provided additional support.
It's Frank Kendall's job to write checks for programs that will shape U.S. defense forces for the next quarter century.
*This would be second recession in five years for Russia. *Economy pays price for Russia's involvement in Ukraine. It would be the second recession in five years for Russia.
LONDON, May 13- Gold fell on Tuesday as a stock market rally diverted some buying interest from the metal, and as a report that the German central bank would back monetary easing measures drove the dollar higher against the euro.
KALININGRAD, Russia, May 13- The Russian economy is likely to shrink again in the second quarter, putting the country into a recession, Economy Minister Alexei Ulyukayev said on Tuesday.
*Ukraine owes Gazprom $3.5 bln for gas. MOSCOW, May 13- Russia's Gazprom demanded a $1.66 billion pre-payment from Ukraine for June gas deliveries on Tuesday, saying the neighbouring country had only half its requirements in storage to ensure a trouble-free winter.
Pro- Moscow rebels in east Ukraine call to join Russia. LONDON May 13- Brent crude reversed early losses to rise towards $109 a barrel on Tuesday, as traders expressed doubt about how quickly supplies will return from Libya, while the threat of further Western sanctions against Russia provided further support.
LONDON, May 13- Gold edged down towards $1,290 an ounce on Tuesday as a rally in equity markets diverted some buying interest from the metal, and as investment interest and demand for physical gold in Asia remained lacklustre. Gold retreated from its overnight highs as stocks climbed.
Gerhard Roiss, CEO of OMV, discusses the impact of the Russian sanctions on European gas, and dismisses calls for a unified gas price across the region.
Moscow and Kiev are on the cusp of another gas war after Kiev has refused to pay at higher levels demanded by Gazprom. Ukraine wants to change the conditions of a 2009 contract that locked Kiev into buying a set volume, whether it needs it or not, at $485 per 1,000 cubic metres- the highest price paid by any client in Europe.
*Broad share market rally eclipses Ukraine tensions. The run of positive corporate news continued in Europe, with Germany's ThyssenKrupp raising its full-year earnings outlook on Tuesday, while aerospace group Airbus Group posted a narrower-than-expected drop in core earnings and reaffirmed its financial goals for the year.