Eastern Europe


  • MOSCOW, Oct 10- Russian shares fell on Wednesday, underperforming emerging market peers, while the rouble was stronger, supported by higher oil prices and an auction for rouble-denominated treasury bonds. "There are almost no new money inflows," said Vadim Feldblyum, a senior client manager at BCS.

  • By Karolina Slowikowska and Sandor Peto. WARSAW/ BUDAPEST, Oct 10- Hungarian and Polish government bonds firmed on Wednesday as central bankers indicated further interest rate cuts to help their economies hit by Europe's economic slowdown.

  • Iraq officially retreats from ambitious oil plans Wednesday, 10 Oct 2012 | 11:28 AM ET

    BAGHDAD-- Iraq officially stepped back on Wednesday from its ambitious plans to more than triple its oil production by 2017, but it remains more optimistic than the world's leading global energy monitor about how fast and how high it can boost output.

  • TEXT-Fitch affirms Ukraine-based MHP SA at 'B' Wednesday, 10 Oct 2012 | 11:26 AM ET

    Oct 10- Fitch Ratings has affirmed Ukraine- based poultry and agricultural producer MHP S.A.' s Long-term foreign currency Issuer Default Rating at' B' with a Stable Outlook. The rating is capped by Ukraine's Country Ceiling of' B'.

  • Romney's Bain advisers aided China, Russia growth Wednesday, 10 Oct 2012 | 11:16 AM ET

    WASHINGTON-- As Bain& Co. head in the early 1990 s, Mitt Romney presided over the corporate strategy firm's expanding operations into China and Russia, helping their initial attempts to move into the world's free market system. In his campaign, China and Russia are prime targets for criticism.

  • UPDATE 1-Belarus cbank to halt rate cuts as rouble wobbles Wednesday, 10 Oct 2012 | 11:15 AM ET

    MINSK, Oct 10- The Belarus central bank, which has cut its benchmark interest rate at least once a month so far this year, will not do so again this month in order to prevent a run on the rouble, its head Nadezhda Yermakova said on Wednesday.

  • PREVIEW-Polish PM seeks course through economic storm Wednesday, 10 Oct 2012 | 11:02 AM ET

    *Poll shows Tusk's party slipped behind opposition* PM likely to offer growth stimulus, public sector reform By Christian Lowe. WARSAW, Oct 10- Polish Prime Minister Donald Tusk will try to persuade voters on Friday he is the best man to deal with an economic slowdown that has made one of eastern Europe's most stable governments look suddenly vulnerable.

  • SpaceX Dragon capsule arrives at space station Wednesday, 10 Oct 2012 | 10:59 AM ET

    CAPE CANAVERAL, Fla.-- A private company successfully delivered a half-ton of supplies to the International Space Station early Wednesday, the first official shipment under a billion-dollar contract with NASA. Williams thanked SpaceX and NASA for the delivery, especially the chocolate-vanilla swirl ice cream stashed in a freezer.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • MOSCOW, Oct 10- British singer Sarah Brightman announced on Wednesday she had bought a seat to fly on a Russian spaceship, describing the journey as a chance to fulfil a childhood desire "beyond her wildest dreams."

  • Russian Railways adds 12.5 bln rbls to seven-year Eurobond Wednesday, 10 Oct 2012 | 10:50 AM ET

    MOSCOW, Oct 10- Russian Railways continued its drive to raise 100 billion roubles of investment capital this year by adding 12.5 billion roubles to its outstanding seven-year Eurobond issue, one of the deal's arrangers told Reuters on Wednesday. Alongside VTB Capital, J.P. Morgan and Royal Bank of Scotland arranged both deals.

  • CAPE CANAVERAL, Fla., Oct 10- Astronauts plucked a commercial cargo ship from orbit on Wednesday and attached it to the International Space Station, marking the reopening of a U.S. supply line to the orbital outpost following the space shuttles' retirement last year.

  • RPT-Tax on trading threatens new division in Europe Wednesday, 10 Oct 2012 | 10:21 AM ET

    *Group of 11 countries agree to impose transactions levy* Move to impose tax criticised by industry* Regulator warns of Europe's diverse regulation By John O'Donnell.

  • Tax on trading threatens new division in Europe Wednesday, 10 Oct 2012 | 10:08 AM ET

    *Regulator warns of Europe's diverse regulation. BRUSSELS, Oct 10- A plan by a group of euro zone countries to introduce a tax on financial transactions threatens to drive more trading to London from centres such as Frankfurt, exacerbating divisions in Europe as it struggles to overcome an economic crisis.

  • *Cbank now sees GDP shrinking 1.5 pct- vice governor. *Expects rebound with 3 percent growth in 2013. BELGRADE, Oct 10- Serbia's ailing economy will shrink faster than previously thought this year, weighed down by poor harvests caused by a long drought, the vice governor of its central bank said on Wednesday.

  • LONDON, Oct 10- Brent crude oil eased towards $114 a barrel but stayed close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • CEE POWER-CEE day ahead diverges, solar rise hits spot Wednesday, 10 Oct 2012 | 9:34 AM ET

    PRAGUE, Oct 10- Central European day ahead power diverged on Wednesday with forecasts for rising solar production in the region driving Czech and Slovak prices lower as spot power gained in Hungary, traders said.

  • MOSCOW, Oct 10- Russia ran a budget surplus of 635.8 billion roubles, or 1.4 percent of gross domestic product, in the first nine months of the year, the Finance Ministry said on Wednesday, citing preliminary data. The figure is calculated on the basis of cash transferred to budget funds recipients.

  • SOFIA, Oct 10- Bulgaria plans to tax people's income on their bank deposits from next year as part of a budget aimed at keeping the fiscal deficit down, Finance Minister Simeon Djankov said. It plans to keep income and corporate tax rates unchanged at 10 percent, one of the lowest levels in the European Union.

  • *Russia and Iran will not give up on Assad for now. Posted on the Facebook page of President Bashar al-Assad of Syria, it shows the first lady Asma, dressed in jeans and a t-shirt, accompanying her daughter and three sons on their first day back at school. Russia and Iran continue to back Damascus.