GO
Loading...

Eastern Europe

More

  • MOSCOW, Feb 27- The rouble and Russian shares fell on Friday, ending the month on a cautious note after a rally the day before, as support from monthly taxes waned and oil prices remained volatile. At 1550 GMT the Russian currency was down 1 percent to 61.73 against the dollar and by a similar amount against the euro at 69.32. Although oil benchmark Brent was up around 2...

  • KIEV, Feb 27- Ukraine on Friday reported the first deaths in three days in east Ukraine and President Petro Poroshenko said Russia would pose a "military threat" even if a ceasefire holds. Kiev and Western governments have accused Russia of sending troops and weapons to support the separatists in east Ukraine, despite a peace deal agreed in the Belarussian...

  • Volkswagen profits up 20 percent for full year Friday, 27 Feb 2015 | 9:41 AM ET

    Volkswagen warned that economic trends in Latin America and Eastern Europe could affect its commercial vehicles and power engineering businesses. Russia's economy appears headed for recession after a sharp drop in the ruble and its recent conflict with Ukraine has undermined business confidence in Eastern Europe. Chief Financial Officer Hans Dieter...

  • KIEV/ KRASNOYARSK, Russia, Feb 27- Ukraine has sent a small prepayment of $15 million to Russia for March natural gas deliveries, energy officials from the two sides said on Friday, after Moscow threatened to cut off supply. In their latest dispute, Ukraine and Russia have argued over who should pay for Russian gas sent to two rebel-held areas of eastern Ukraine...

  • LONDON, Feb 27- Emerging market stocks dipped on Friday but were heading for their third weekly gain in the last four as investors positioned for an extended era of cheap money ahead of the European Central Bank's looming bond-buying scheme. "There a bit of market pressure on Turkey," said Aberdeen Asset Management portfolio manager Viktor Szabo.

  • * "Now we know China better," deputy PM says. KRASNOYARSK, Russia, Feb 27- Russia may consider allowing Chinese investors more than 50 percent stakes in its strategic oil and gas fields, an official said on Friday, an about-face by Moscow that underlines its need for foreign help to develop energy reserves. But now that Western sanctions over Moscow's role in Ukraine...

  • *Truce taking hold in east Ukraine but new deaths reported. KIEV, Feb 27- Ukraine on Friday reported the first deaths in three days in east Ukraine, denting hopes a ceasefire will hold, and President Petro Poroshenko said Russia would pose a "military threat" even if the truce is solid. Kiev and Western governments have accused Russia of sending troops and weapons to...

  • UPDATE 1-Russian assets tread water after rally Friday, 27 Feb 2015 | 4:03 AM ET

    MOSCOW, Feb 27- The rouble and Russian shares were little changed on Friday, as markets took a breather after a strong rally the previous day and as oil markets remained volatile. He said in addition to the volatile oil price, investors were also confused by reports about the implementation of a ceasefire in eastern Ukraine. However, analysts at Sberbank...

  • MOSCOW— Cash-strapped Ukraine sought to buy time in its effort to ensure continued gas supplies from Russia, making a $15 million payment Friday to Moscow as it waits for international rescue loans to arrive. That increases the pressure on Ukraine to strike a deal at a meeting Monday with Russian officials in Brussels— a showdown that comes amid rising fears in...

  • MOSCOW, Feb 27- Austria's Raiffeisenbank will close its branches in Russia's far east to improve efficiency after they generated little income and had few opportunities for growth, a move which shows the impact of Russia's economic crisis on the sector. Banks are suffering from higher bad loan provisions and lower profits because of the crisis, deepened by...

  • *U.S. exports to Asia not profitable at current prices. Asia has traditionally taken more than 70 percent of annual global liquefied natural gas demand, and exporters developing new projects in the United States, Canada and Australia had been looking to China, Japan and South Korea- the world's top three buyers- as the most reliable outlets. Nuclear energy, coal and...

  • After months in which Kiev has been faithfully paying for gas and Moscow reliably supplying it under a deal brokered by the European Union, this week has seen the quarrel erupt anew. Russia, which has cut off the gas three times in the past decade, including for six months last year, has once again threatened to switch off supplies unless Ukraine sends more money...

  • *Including IMF, aid could total $60 bln for Ukraine. *Ukraine unable to spend donor money quickly enough. BRUSSELS/ WASHINGTON, Feb 26- Western powers are preparing what they say may be their most potent weapon against Moscow's interference in Ukraine- a multi billion dollar aid package to rebuild a near-bankrupt state and realise the European dream cherished by...

  • BERLIN, Feb 26- Germany is considering buying more tanks in the light of the Ukraine crisis and Europe's deteriorating relations with Russia, after years of drastic cuts left the military operating with just 75 percent of the heavy equipment it needs. "NATO has set new goals on flexibility and rapid reaction time. Lawmakers on both sides of Germany's right-left...

  • BRUSSELS, Feb 26- The European Union said on Thursday it was escalating a dispute with Russia at the World Trade Organization over what it said were excessive import duties on paper products, refrigerators and palm oil. The challenge is the latest in a series of WTO disputes with Russia, the EU's third-biggest trading partner, since Moscow joined the body in 2012,...

  • The presumptive Democratic presidential candidate's environmental record has come under renewed scrutiny after the Wall Street Journal reported that the Bill, Hillary and Chelsea Clinton Foundation and the Clinton Global Initiative have accepted large donations from major energy companies Exxon Mobil and Chevron. The groups also got money from...

  • MOSCOW, Feb 26- Kremlin-controlled Gazprom said on Thursday it would exempt gas supplies to rebel-held regions from its main contract with Ukrainian Naftogaz, days before Kiev uses up gas volumes it has already paid for. The dispute flared up last week when Gazprom said it started direct gas supplies to the regions of eastern Ukraine held by pro- Moscow rebels.

  • Russia could cut off gas to Ukraine by 'end of week' Thursday, 26 Feb 2015 | 6:15 AM ET

    MOSCOW— Russia could cut off supplies to neighboring Ukraine by the end of the week if it does not get further payments from the country, state-owned gas company Gazprom said Thursday. Spokesman Sergei Kupriyanov said in televised remarks that "if no new funds are received from Kiev, then naturally we cannot continue delivering gas to Ukraine."

  • Ukraine currency in limbo after central bank u-turn Thursday, 26 Feb 2015 | 3:56 AM ET

    Ukraine came under greater economic pressure after unexpectedly banning most currency trading and then abruptly reversing course.

  • MOSCOW, Feb 26- Russia's banking system may see its bad loans rise to 17-23 percent of its loan portfolio in 2015 from around 8 percent last year, Standard& Poor's said on Thursday, underlining the impact of an economic crisis on the sector. Banks have suffered spike in bad loans and lower profits because of the crisis, deepened by Western sanctions over Moscow's...