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*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.
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.
*Shares in Prysmian rise on lower than expected fine. BRUSSELS, April 2- U.S. investment bank Goldman Sachs, the world's top cablemaker Prysmian, Nexans and eight other cable firms were fined a total of 302 million euros by European regulators for running a cartel.
BRUSSELS, April 2- Investment bank Goldman Sachs, the world's top cablemaker Prysmian, Nexans and eight cable firms were fined a total of 302 million euros by EU antitrust regulators on Wednesday for running a cartel. Prysmian received the biggest penalty at 104.6 million euros, which included a joint fine of 37.3 million euros with Goldman Sachs.
MOSCOW, March 24- Russia is at risk of recession as investors pull money out of the country, with growth likely to evaporate if capital outflows reach $100 billion, the head of its largest bank, state-owned Sberbank, said on Monday.
COPENHAGEN/ FRANKFURT, March 21- A deepening economic standoff between Russia and the West over the future of Ukraine has rippled through trading floors and boardrooms, with exporters scrambling to protect revenues and some global financial firms halting services.
COPENHAGEN/ FRANKFURT, March 21- A deepening economic standoff between Russia and the west over the future of Ukraine has rippled through trading floors and boardrooms with exporters scrambling to protect revenues and global financial firms halting services.
This has driven rates on the main routes between Asia and Northern Europe to loss-making levels. The so-called P3 alliance is between the world's three biggest container shipping lines- Maersk Line, a unit of A.P. Moller-Maersk, Switzerland- based MSC Mediterranean Shipping Company and France's CMA CGM.
*China widens yuan trading band, adds risk to market. SHANGHAI, March 17- The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalisation, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term.
MOSCOW, March 14- Russia's central bank on Friday kept lending rates on hold after raising them two weeks ago and said it would fight for financial stability after the standoff with the West over Crimea, which has sent the rouble and stocks tumbling.
COPENHAGEN, March 13- Shares in Danish outsourcing company ISS jumped by more than 15 percent from the offer price after they returned to the Copenhagen stock market on Thursday.
LONDON/ OSLO, March 5- Closer cooperation between China and the United States, the top two greenhouse gas emitters, on combating global warming is boosting prospects for a U.N. deal meant to be agreed next year, the U.N.' s climate chief said on Wednesday.
RIO DE JANEIRO/ LONDON, Feb 25- Brazil's real on Tuesday gained for a fifth session in a row as investors turned less pessimistic on the country's fiscal prospects, but Turkey's lira hit a two-week low versus the dollar after the latest twist in a government corruption scandal.
LONDON, Feb 25- Turkey's lira hit two-week lows versus the dollar on Tuesday while stocks fell 3 percent after the latest twist in a government corruption scandal, while concerns about Chinese yuan moves weighed on other emerging assets.
LONDON, Feb 19- The devaluation of Kazakhstan's rouble-shadowing tenge has left investors wondering which other closely managed emerging market currencies might be next, with those of commodity exporters like Nigeria and Angola in the spotlight.
LONDON, Feb 3- Growing pressure for more policy easing in the euro zone pinned the euro near a 10- week low on Monday while persistent tension in emerging markets drove Hungary's forint to a 10- month trough and weighed on global stocks. Stock markets in Europe reflected the weak appetite for riskier assets as they slid 0.6 percent, following shares in Asia.
They may however be overlooking another major stress point in China's backyard: a mountain of foreign money invested in the yuan carry trade.
*Fed expected to slice $10 billion more off monthly bond buys. LONDON, Jan 29- The yen inched higher against the dollar on Wednesday, suggesting emergency action to stabilise Turkey would not be enough to quell nerves over global emerging markets ahead of a U.S.
DAVOS/ LONDON, Jan 24- Top emerging market policymakers moved to allay concerns about their economies on Friday after investors sold off their currencies, raising fears of a broad market rout. "The balance sheet of the government, the banks and households are quite well protected against market volatility," he told a panel at the World Economic Forum in Davos.
LONDON, Jan 23- Denmark's Saxo Bank has launched a new social trading platform, becoming the first big financial institution to throw its weight behind social media-style investing. Saxo Bank's TradingFloor.com makes trading as easy as buying a book from Amazon, said Rune Bech, the bank's global head of digital media.