Caught in a tug of war between the opposing policy modes of a tightening U.S. Fed and an easing European Central Bank, yields have taken dramatic turns.» Read More
MOSCOW, Aug 29- Russia is ready for talks on resuming gas supplies to Ukraine, Energy Minister Alexander Novak said on Friday, warning of disruption to flows to Europe this winter if a row over pricing and debts was not resolved.
MOSCOW, Aug 29- The Ukraine conflict has evoked many memories of the Cold War, including a footloose attitude to the truth. But there are also some European powers, including Germany and France, who despite being on the opposite side of the crisis share Putin's desire not to paint it as an out-and-out war between Russia and Ukraine.
Ukraine wants $268.50 as offered to previous government. MOSCOW, Aug 29- Russia is open to talks on resuming gas supplies to Ukraine and willing to offer a price cut of nearly 20 percent, Energy Minister Alexander Novak said on Thursday, but the discounted price is still above the level Kiev demands.
BRUSSELS/ FRANKFURT, Aug 29- Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy intervention.
BRUSSELS, Aug 29- Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, but it was not likely to force the European Central Bank into immediate policy intervention next week,.
MILAN— Several European Union foreign ministers on Friday accused Russia of invading eastern Ukraine and said Moscow should be punished with additional economic sanctions. The meeting of the 28- nation bloc's top diplomats in Milan came one day after NATO said Moscow slipped at least 1,000 Russian soldiers and much heavy weaponry into Ukraine.
BRUSSELS— Inflation rate in eurozone drops to 0.3 percent in August in further sign of economic weakness.
*Euro zone annual inflation August due at 0900 GMT. BRUSSELS/ FRANKFURT, Aug 29- If euro zone inflation falls deeper into the' danger zone' as expected on Friday, it will at the very least complicate the European Central Bank's plans to wait and see whether its recent policy move to ignite the euro zone economy will work.
*Decisions will help shape EU policy on economy, Ukraine. WARSAW/ BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk is seriously considering a proposal that he take the post of president of the European Council, a Warsaw government spokeswoman said on Thursday, linking his decision to the crisis in neighbouring Ukraine.
WASHINGTON— Commerce Department releases personal income and spending for July, 8:30 a.m.. WASHINGTON— The University of Michigan issues its index of consumer sentiment for August, 10:30 a.m.. BRUSSELS— Eurostat releases Eurozone inflation data.
*Polish PM Tusk favorite to take helm of European Council. WARSAW, Aug 28- If Polish Premier Donald Tusk becomes, as tipped, President of the European Council, it would mark Poland's arrival at the top table of EU policymaking, but could drag his ruling Civic Platform party to defeat at next year's domestic elections.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favorite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
LONDON, Aug 28- European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally in risk assets to a shuddering halt. Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defense council to decide how to respond.
BRUSSELS— Don't be fooled by Angela Merkel. "If you look at the family picture of these European summits for the past few years, there always is this blot of grey men in lookalike suits and the color of only a few women," said European political science Professor Hendrik Vos of Ghent University.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favourite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.
*German inflation figures due at 1200 GMT. *Italy sells up to 8 bln euros of five- and 10- year bonds. LONDON, Aug 28- Euro zone bond yields held at record lows on Thursday as a drop in Spanish inflation in August kept pressure on the European Central Bank to ease policy further.
*Russia halted gas flows to Ukraine in June. KIEV, Aug 27- Ukraine warned Europe on Wednesday that Russia could cut off gas to the continent this winter, but Moscow responded that the supply of gas would continue regardless of politics.
EU Commission tells France: time to speed up reforms. By Ingrid Melander and Jean-Baptiste Vey. JOUY-EN-JOSAS, France, Aug 27- French Prime Minister Manuel Valls launched a charm offensive on the corporate world on Wednesday, promising to speed reforms aimed at freeing up the economy and to make tens of billions of euros in tax cuts.
*EU Commission tells France: time to speed up reforms. "It is urgent for France but not just France, for the other countries which are in a similar situation to speed up the work they are doing, the structural reforms," said a spokesman for EU Economic Commissioner Jyrki Katainen.