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  • LONDON/ ANKARA, April 2- Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.

  • Oil heads lower as Libya resolution appears near Wednesday, 2 Apr 2014 | 3:57 PM ET
    Pump jacks and wells in an oil field on the Monterey Shale formation near McKittrick, Calif., March 23, 2014.

    U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.

  • MOSCOW, April 2- Russian lender VTB forecast lower loan growth across the country's banking sector this year due to a sluggish economy, and said the Ukraine crisis could affect its ability to pay dividends.

  • LONDON/ ANKARA, April 2- Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.

  • Emerging market ETFs are on a tear—here's why Wednesday, 2 Apr 2014 | 12:19 PM ET
    The stock exchange in Istanbul.

    Emerging markets roared like a lion in March, and they've continued their surge into April.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • *Some companies are shelving or cancelling projects in Russia. WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • West's targeted Russian sanctions ensnare investors Wednesday, 2 Apr 2014 | 11:19 AM ET

    WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.

  • Last 'BRIC' standing: Why analysts like India now Wednesday, 2 Apr 2014 | 10:48 AM ET
    Workers at a construction site below an elevated track, operated by Rapid MetroRail Gurgaon, in Gurgaon, India, in March 2014.

    Emerging markets have taken a beating overall in 2014, but analysts point to one 'BRIC' market as most attractive.

  • MOSCOW, April 2- Russian lender Binbank said on Wednesday it could buy the Moscow subsidiary of Ukraine's Privatbank in two weeks from its Ukrainian owners who say they were under political pressure to sell.

  • BUSINESS-NEWS-SCHEDULE AT 1230 GMT / 8.30 AM ET Wednesday, 2 Apr 2014 | 8:55 AM ET

    PARIS- Arnaud Montebourg, a fierce critic of budget austerity, is named French economy minister in a reshuffled government that President Francois Hollande has charged with halting France's economic decline. EU regulators fine Goldman Sachs, Prysmian for cable cartel.

  • MOSCOW, April 2- Russian lender Binbank said it could buy the Moscow subsidiary of Ukraine's Privatbank in two weeks, ousting its Ukrainian owners who say the bank is a victim of "political tensions" between Moscow and Kiev.

  • MOSCOW, April 2- Russia's central bank said on Wednesday economic growth would "most probably" fall below 1 percent in 2014 and it was also concerned about above-target inflation that constrains its ability to cut interest rates.

  • MOSCOW, April 2- Russia's central bank said on Wednesday economic growth would "most probably" fall below 1 percent in 2014 and that net capital outflows would be significantly higher than was previously expected.

  • Oleg Kouzmin, economist at Renaissance Capital, says Russia can grow 1.6 percent in 2014 as a solution to the Ukraine crisis will be found.

  • Bernard Sucher, member of the board at ATON, says the "uncomfortable" position of Russia in the international community will mean corporates have to revisit their commitments to investing in the country.

  • *Relations between Ukraine and Russia in crisis. LIPETSK, Russia, April 2- After three years of court cases involving authorities and competitors, Taisiya Voronina thought she had seen everything in Russia's rough and tumble business environment.

  • Yulia Tseplyeva, chief economist at Sberbank, says she is "not optimistic" about Russian structural reforms after the saga with Ukraine.

  • Russian economy struggling for years: Rusbase CEO     Wednesday, 2 Apr 2014 | 12:55 AM ET

    Alena Popova, CEO of Rusbase, says the Russian economy has been struggling for years and the Ukraine crisis has scared investors.