Patrick de La Chevardière, CFO of Total, says Western sanctions against Russia are pushing the country to form closer ties with China.» Read More
The IMF aid will allow the immediate disbursement of $3.2 billion to Kiev and unlock further credits from other donors of about $15 billion, intended to help Ukraine stabilize its economy in the middle of its worst civil turmoil since independence in 1991..
SINGAPORE, May 1- U.S. crude held below $100 a barrel on Thursday, after slipping more than $1 in the previous session to hit a one-month low as crude inventories in the United States rose to a new all-time high last week.
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic's economy recover after months of turmoil.
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic's economy recover after months of turmoil.
The International Monetary Fund announced the two-year loan package for Ukraine following a board meeting at its Washington headquarters.
The measure, proposed on Wednesday amid U.S. concerns over Russia's actions in Ukraine, authorizes Defense Secretary Chuck Hagel to spend $220 million to begin developing a liquid rocket engine that would be made available to all U.S. space launch providers.
*Arkady Rotenberg says friendship incidental to success. MOSCOW, April 30- Fortune has smiled on judo coach Arkady Rotenberg, bringing his businesses Google- like growth and a key role in staging the Winter Olympics. SGM, 51- percent owned by Arkady Rotenberg, 62, saw revenues grow by a factor of nearly 50 after its creation in 2008 from several units sold by Gazprom.
MOSCOW, April 30- Chinese investors are committed to financing part of Novatek's $27 billion Russian gas project, ensuring it has sufficient backing despite losing U.S. support because of sanctions, the company said on Wednesday. "I think there will be a lot of conversations and travel between Moscow and Beijing- a more open dialogue."
WASHINGTON, April 30- The U.S. House energy committee has approved legislation to limit the length of review time for liquefied natural gas export applications, in a compromise aimed at attracting bipartisan support for speeding up U.S. gas shipments overseas.
MOSCOW, April 30- Oil majors are beginning to grow cool on new projects in Russia as U.S. and EU sanctions over Moscow's actions in Ukraine make investment increasingly risky and after the Kremlin's threat to review the West's role in Russia's energy industry, the world's largest.
*Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.3 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.
*Kiev government losing control of east. HORLIVKA, Ukraine, April 30- Masked gunmen in military fatigues seized government offices in more Ukrainian towns on Wednesday, in a further sign that pro-Western authorities in Kiev are losing control of the country's eastern industrial heartland bordering Russia.
*Alstom jumps; among most shorted stocks on Paris bourse. Alstom jumped 9.8 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.
The world is watching Russia-Ukraine but here's the real geopolitical risk, says Nouriel Roubini.
LONDON, April 30- Ukraine's chief prosecutor has accused Viktor Yanukovich of heading a mafia-style syndicate whose crimes cost the former Soviet republic up to $100 billion and said some of the stolen money was now being used to fund Russian-backed separatists.
*IMF cuts Russia 2014 growth forecast to 0.2 percent. MOSCOW, April 30- The International Monetary Fund slashed on Wednesday its already modest 2014 growth forecast for Russia, warning that Ukraine- related sanctions were scaring off investors and were pushing the economy towards recession.
*Kiev government losing control of east. HORLIVKA, Ukraine, April 30- Masked gunmen in military fatigues seized government offices in another Ukrainian town on Wednesday, in a further sign that pro-Western authorities in Kiev are losing control of the country's eastern industrial heartland bordering Russia.
April 30- International Paper Co posted a higher-than-expected quarterly profit on Wednesday due to rising North American demand for its corrugated shipping boxes. IP, which has a large joint venture in Siberia, is closely monitoring the tension between Russia and the Ukraine, but so far has taken no action.
*Moscow defence spending up 30 pct since Georgia war. LONDON, April 30- Holding drills on Ukraine's border and sending bombers to the edge of NATO airspace, Russia's newly reformed military is in just the kind of regional confrontation it was redesigned for, experts say.
LONDON, April 30- Gold fell on Wednesday ahead of a Federal Reserve policy meeting and U.S. data that is expected to show the world's biggest economy is improving, but tensions in Ukraine provided some support for the metal, a traditional haven from risk. U.S. gold futures for June delivery were down $3.70 an ounce at $1,292.60.