Valdis Dombrovskis, Latvia's Prime Minister, explains why he is looking forward to his country's adoption of the euro and hopes the single currency will be introduced on January 1, 2014.» Read More
MOSCOW, Oct 5- Russian potash miner Uralkali. said on Friday its potash production decreased to 2.6 million tonnes in the third quarter of 2012 from 2.8 million tonnes in the corresponding period of last year. During the first nine months of 2012, the company produced 7.4 million tonnes of potassium chloride, it added.
MOSCOW, Oct 5- EuroChem, Russia's top mineral fertilizer producer, said on Friday it has filed a $800 million claim with international chambers of commerce against Shaft Sinkers for "failure to complete the construction of the cage shaft".
*FTSEurofirst 300 up 0.7 pct, MSCI global index up 0.3 pct. *U.S. stocks seen slightly higher, US payrolls data due 1230 GMT.
LONDON, Oct 5- South Africa's rand plunged 2 percent on Friday to just shy of a three-year low against the dollar as labour unrest swept the country, while Turkish assets stabilised after the previous day's sell-off caused by political concerns.
PRAGUE, Oct 5- The Czech central bank's board members did not agree on whether an intervention to weaken the crown was needed, even though they found the currency's appreciation to be surprising, the minutes of the bank's Sept. 27 meeting showed.
KIEV, Oct 5- Ukraine's foreign currency reserves fell to $29.255 billion as of September 30 compared to $30.001 billion on August 31, the central bank said on Friday.
By Lidia Kelly and Vladimir Abramov. MOSCOW, Oct 5- After a volatile start on Friday, the Russian rouble steadied after the central bank kept interest rates unchanged, disappointing some market players who had hoped for a rate hike that would make carry trade operations more lucrative.
*Forint jumps 1 pct By Krisztina Than and Gergely Szakacs. BUDAPEST, Oct 5- Hungary abandoned a plan on Friday to tax financial transactions by its central bank, removing a stumbling block in credit talks with the International Monetary Fund and European Union.
MOSCOW, Oct 5- Sberbank on Friday posted a 6- percent increase in nine-month net profit, helped by a sharp lift in income from corporate and retail loans. Russia's top lender, publishing its first results since it floated a 7.6 percent stake for just over $5 billion last month,.
BUDAPEST, Oct 5- Hungary abandoned a plan on Friday to tax financial transactions by its central bank, removing a stumbling block in credit talks with the International Monetary Fund and European Union. "Our partners raised objections against this, what's more the European Commission flagged a possible infringement procedure against Hungary," Matolcsy said.
TAIPEI, Oct 5- Taiwan's foreign exchange reserves rose to $397.95 billion at the end of September, the central bank said on Friday, citing the appreciation of the euro and other currencies against the U.S. dollar and higher returns from the management of forex reserves. Taiwan's reserves are the world's fourth-largest after China, Japan and Russia.
MOSCOW, Oct 5- VTB, Russia's No.2 lender, raised $1.5 billion in a 10- year Eurobond issue, pricing the deal at 6.95 percent yield, a banking source told Reuters on Friday. VTB, which aims to use proceeds to support its Tier 2 capital ratio, was initially guiding at an yield of around 7.25 percent, narrowing it later on Thursday. ï¿ ½.
*One-day fixed repo rate left at 6.50 pct. *Refi rate left at 8.25 pct. MOSCOW, Oct 5- Russia's central bank kept key interest rates unchanged at its monthly policy meeting on Friday, indicating that inflationary risks remain and playing down signs of an economic slowdown.
BUDAPEST, Oct 5- Hungary will scrap a tax on transactions conducted by the central bank and will offset the revenue loss by raising the tax on state treasury transactions and cash withdrawals from banks, the economy minister said on Friday. The transaction tax was a key sticking point in credit talks with the International Monetary Fund and the European Union.
MOSCOW, Oct 5- Russia's central bank kept key interest rates unchanged at its monthly policy meeting on Friday, after hiking rates across the board by 0.25 percent last month.
OSLO, Oct 5- Norwegian gas exports to Europe rose on Friday morning as key gas processing plant restarted after a power supply glitch shut it on Thursday. Exports to Europe including Britain rose by 47.8 million cubic metres to 287.4 mcm per day by 0715 GMT compared to 239.6 mcm daily average on Thursday.
BUDAPEST, Oct 5- Hungary will raise its 2013 budget deficit target to 2.7 percent of GDP from 2.2 percent and will implement a budget adjustment programme worth 397 billion forints to achieve the new goal, the economy minister said on Friday.
MOSCOW, Oct 5- The Russian rouble was little changed at Friday's opening, with investors unwilling to make strong moves ahead of the central bank's rate decision due later in the day. There was a small rebound in Moscow stocks, supported by relatively strong commodity prices and slight optimism from global investors.
PRAGUE, Oct 5- Czech retail sales fell 0.8 percent year-on-year in August, slightly weaker than expected and dragged lower by falling car sales, data showed on Friday. Overall adjusted sales on a month-on-month basis rose 0.1 percent, the statistics bureau said. MICHAL BROZKA, CHIEF ANALYST, RAIFFEISENBANK.
PRAGUE, Oct 5- Czech retail sales fell 0.8 percent year-on-year in August, slightly weaker than expected and dragged lower by falling car sales, data showed on Friday. Overall adjusted sales on a month-on-month basis rose 0.1 percent, the statistics bureau said. RADOMIR JAC, CHIEF ANALYST, GENERALI PPF ASSET MANAGEMENT.