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  • VIENNA, Jan 30- The United States looks set to succeed in watering down a proposal for tougher legal standards aimed at boosting global nuclear safety, according to senior diplomats. Diplomatic wrangling will come to a head at a 77- nation meeting in Vienna next month that threatens to expose divisions over required safety standards and the cost of meeting them,...

  • *Gazprom third quarter profit down 60 pct. *Gazprom hit by weaker rouble, provisions for Ukraine's gas debt. MOSCOW, Jan 29- Russian state gas producer Gazprom suffered a 60 percent slump in third quarter net profit on Thursday, hurt by the weaker rouble and after exports were halted to Ukraine over a pricing dispute.

  • MOSCOW, Jan 29- Russia's Gazprom posted a 35 percent drop in nine-month net profit to 556.3 billion roubles year-on-year, after the world's top gas producer was hit by a dispute with Ukraine and currency losses. After putting aside 83.9 billion roubles in provisions for Ukraine's gas debt which prompted Moscow to cut off supplies in June, Gazprom said the future...

  • UPDATE 1-OMV, Gazprom amend gas supply deal terms Wednesday, 28 Jan 2015 | 8:15 AM ET

    VIENNA, Jan 28- Austrian energy group OMV and Russian natural gas exporter Gazprom have agreed to amend a long-term contract for gas supplies, OMV said on Wednesday without disclosing details. Alexander Medvedev, deputy head of Gazprom's management committee, and OMV Chief Executive Gerhard Roiss signed the amendment at a meeting in Vienna, OMV said in a...

  • *Greece must get bailout extension, discuss reforms with its lenders. BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness. Before any talks on more time for Greece to repay its debts can start, Athens must get an extension of its...

  • To avoid being called a party to the conflict, as Ukraine and the West see it, Russia is pushing the Ukrainian government to speak directly to the rebels. "is not even an army, it's a foreign legion, in this case a NATO foreign legion," Putin said, adding that it's serving the goal of "the geopolitical containment of Russia, which absolutely don't coincide with the...

  • FRANKFURT, Jan 23- ECB chief Mario Draghi's 1 trillion euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currency he is trying to save. In monthly 60 billion-euro installments from March, the European Central Bank will buy chiefly...

  • NEW DELHI, Jan 22- India and the United States were trying to narrow differences on nuclear trade on Thursday ahead of President Barack Obama's visit, but New Delhi ruled out a change in its liability law that has choked off U.S. investment. Nuclear commerce worth billions of dollars was meant to be the centrepiece of a new strategic relationship between the...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • IBM outlook drags on Wall Street gains. *Gold above $1,300 for first time since August. NEW YORK, Jan 21- European and U.S. equities rose on Wednesday, lifted by news reports that the European Central Bank will announce a massive bond-buying program to boost the euro zone's flagging economy.

  • *Gold above $1,300 for first time since August. LONDON, Jan 21- European shares stalled near a seven-year high and Asian shares hit a six-week peak on Wednesday, a day before the European Central Bank is expected to announce a sovereign bond-buying programme to boost the euro zone's flagging economy. The Japanese yen meanwhile rose by around 1 percent against the...

  • *Gold above $1,300 for first time since August. LONDON, Jan 21- European shares held close to a seven-year high on Wednesday and Asian shares hit a six-week peak investors bet the European Central Bank would unveil a stimulus drive to boost the flagging euro zone economy. The Japanese yen meanwhile rose by around 1 percent against the U.S. dollar after the Bank of...

  • WARSAW, Jan 20- Poland pressed its banks on Tuesday to provide relief for half a million homeowners faced with soaring repayments on mortgage loans denominated in Swiss francs and ordered an investigation into the lending practice. A surge in the value of the franc since the Swiss National Bank scrapped its cap against the euro last week has seen mortgage...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were meeting the finance minister, regulators and Central...

  • Gucci salutes France in first post-Giannini collection Monday, 19 Jan 2015 | 11:32 AM ET

    MILAN— The fashion curtain call is part of the ritual of the runway show, with each designer's personality reflected in that final bow. Donatella Versace walks a good 10 meters out to salute the crowd, while Giorgio Armani stands perfectly lit in the darkened stage entrance. Giannini's exit from the storied Florentine fashion house was announced last month by...

  • DIARY- Top Economic Events to Jan 30 Friday, 16 Jan 2015 | 7:00 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart gives welcome remarks and speaks on " Federal Reserve Bank of Atlanta's CED Programs and Financial Literacy Programs" before the HOPE Global Forum- 1350 GMT. DUBLIN- The Central Bank of Ireland, Center for Economic Policy Research and International Monetary Fund are organizing a...

  • ZURICH, Jan 16- The Swiss National Bank had little choice but to abandon its three-year-old cap on the franc but its execution of the move left a vacuum of policy uncertainty where a pillar of stability stood before. With the euro diving against the dollar as the European Central Bank gears up for fresh stimulus as early as next week, the SNB felt the 1.20- francs-...

  • ZURICH, Jan 16- The Swiss National Bank had little choice but to abandon its three-year-old cap on the franc but its execution of the move was clumsy, and left a vacuum of policy uncertainty where a pillar of stability stood before. With the euro diving against the dollar as the European Central Bank gears up for fresh stimulus as early as next week, the SNB felt the...

  • LONDON, Jan 15- The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent an increasing global surplus in 2015 and demand for the exporter group's oil falling to its lowest in a decade. Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting...

  • LONDON, Jan 15- The collapse in oil prices is starting to slow growth in U.S. output, OPEC said on Thursday, although the slowdown will not prevent demand for the exporter group's oil falling in 2015 to its lowest in a decade. Oil prices have fallen almost 60 percent since June, partly because OPEC in November decided against cutting output to retain market share...