GO
Loading...

Eastern Europe

More

  • MOSCOW— Russia's finance ministry says the country's foreign currency reserves dropped by almost 10 percent in dollar terms in February after the government sought to fill a hole in the state budget, where revenues have suffered due to low oil prices. The fund, which is used to support Russia in time of low oil and gas prices and is held in dollars, euros and British...

  • Azerbaijan watches for dissent as economy slows Tuesday, 3 Mar 2015 | 5:50 AM ET

    BAKU, March 3- Azerbaijan is keeping a close eye on any sign of dissent as economic problems mount before a parliamentary election this year in the oil-producing former Soviet republic. Hit by the fall in global oil prices, the rouble's drop against the dollar in neighbouring Russia and the separatist war in east Ukraine, the South Caucasus country devalued the...

  • In Russia, dollar-denominated and rouble-based stocks rose as much as 1.9 percent, getting a helping hand from oil rising above $60 per barrel and progress in talks over gas supplies from Moscow to Kiev. "It just feels like things are de-escalating," Ilan Solot, emerging market currency strategist at Brown Brothers Harriman, said of the Ukraine situation.

  • GENEVA, March 3- Europe's carmakers are benefiting from robust demand for passenger cars in most of Europe although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, the Chief Executives of Opel and Volkswagen said. The Russian market, once the third largest for General Motors in Europe, is massively down and GM...

  • Volkswagen CEO stands by cautious outlook Monday, 2 Mar 2015 | 4:50 PM ET

    GENEVA— The CEO of Volkswagen AG is staying with his cautious outlook for this year, saying it's a "balanced statement" based on growth in the U.S., Europe and China versus trouble spots such as Russia and Brazil. "We very much see the global trouble spots- Russia, Ukraine, and also the weak markets in Brazil- but we also see that markets in Europe are growing again, that...

  • *Nasdaq passes 5,000 as Wall Street extends winning streak. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. This bull market still has some room to go, "said Jason Pride, director of investment strategy at Glenmede in Philadelphia.

  • KIEV, March 2- Before she was appointed to head Ukraine's central bank last June, Valeriia Gontareva was praised as one of the most successful investment bankers in the country. outside her office in Kiev. Certainly, no central banker would envy her record on paper: in less than nine months since she took office, the hryvnia has fallen to around 30 to the dollar from...

  • KIEV, March 2- Before she was appointed to head Ukraine's central bank last June, Valeriia Gontareva was praised as one of the most successful investment bankers in the country. outside her office in Kiev. Certainly, no central banker would envy her record on paper: in less than nine months since she took office, the hryvnia has fallen to around 30 to the dollar from...

  • *China rate cut lifts Asia equities, gold. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. Asian stocks ended higher after China cut interest rates over the weekend, but European equities slipped from seven-year highs hit on merger activity in the telecom...

  • PepsiCo to close Russian juice plant Monday, 2 Mar 2015 | 9:13 AM ET

    MOSCOW, March 2- PepsiCo Inc said on Monday it would close a juice plant outside Moscow as demand in Russia falls due to an economic slump and the Ukraine crisis. PepsiCo, the biggest fruit juice producer in Russia, said it would close a plant in the town of Ramenskoye which employs 400 staff and has more than 10 production lines. "From June 2015, juice production will be...

  • MOSCOW, March 2- Yamal LNG, a project to produce 16.5 million tonnes of liquefied natural gas per year, is proceeding without delays, Mark Gyetvay, chief financial officer of Russia's No. 2 gas company Novatek, told a conference call on Monday. Novatek's access to global financial markets has been limited due to Western sanctions over Moscow's role in the Ukraine...

  • Responding to a growing market in China for low-cost handsets often priced below $100, Intel announced plans for the chip, code named Sofia, in late 2013 at a meeting with investors. As well as smartphones, the Sofia chip fills a gap in Intel's lineup of chips for tablets. In a costly strategy that elevated Intel to the No 2 spot in tablet chip market share, Intel last...

  • BRUSSELS— Russia and Ukraine reached an agreement late Monday to ensure natural gas supplies to war-torn Ukraine for the month of March, averting possible cuts that could have hit supplies to the European Union. "I am satisfied that we managed to safeguard the full application of the winter package for the supply needs in Ukraine," said EU energy chief Maros...

  • *Europe shares dip off lows as Vivendi weighs. China rate cut helps lift Asian equities, gold. LONDON, March 2- European shares slipped from seven-year highs on Monday, weighed down by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.

  • "Investors who have been buying Russia since the start of this year will not be dissuaded by the events of the weekend. "For investors not active in Russia because of an already firm conviction of unacceptable risk, Nemtsov's murder will only serve to re-enforce their convictions." Oil, Russia's chief export, fell about 2 percent on Monday, with benchmark Brent...

  • *Domestic demand already driving Hungary, Poland. WARSAW, Mar 2- Central Europe's manufacturing expanded in February, a series of reports showed, and an expected economic recovery in the euro zone, the region's largest export market, should help it continue to grow. The Purchasing Managers' Index for manufacturing in Poland, the region's biggest economy, eased...

  • GENEVA, March 2- Russian Foreign Minister Sergei Lavrov told the main U.N. human rights forum on Monday that the murder of Kremlin critic Boris Nemtsov was a "heinous crime" and that President Vladimir Putin was leading an investigation to bring perpetrators to justice. He addressed the Geneva forum shortly before U.S. Secretary of State John Kerry and after the...

  • LAVROV SAYS' TANGIBLE PROGRESS' ACHIEVED IN IMPLEMENTING PACKAGE OF MEASURES AGREED IN MINSK, CEASEFIRE BEING CONSOLIDATED.

  • *China rate cut helps lift Asian shares, gold. LONDON, March 2- European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend. German manufacturing activity expanded further in February as new order rose, according to Markit's final purchasing...

  • MOSCOW, March 1- Holding placards declaring "I am not afraid", thousands of Russians marched in Moscow on Sunday in memory of Kremlin critic Boris Nemtsov, whose murder has widened a split in society that some say could threaten Russia's future. Families, the old and young walked slowly, with many carrying portraits of Nemtsov, an opposition politician and former...