Eastern Europe


  • TABLE-Russian gold/fx reserves fall to $528.0 bln Thursday, 11 Oct 2012 | 7:06 AM ET

    MOSCOW, Oct 11- Russia's gold and foreign exchange reserves edged down to $528.0 billion in the week to Oct. 5 from $528.2 billion a week earlier, central bank data showed on Thursday. The central bank provided the following figures: Latest week 528.0 Previous week 528.2 End-2011 498.6.

  • DAMASCUS, Oct 11- Syria said on Thursday a Damascus- bound plane forced to land in Ankara by Turkish fighter jets while en route from Moscow had been carrying legitimate cargo. "The plane was not carrying any illegal material," Ghaida Abdulatif, head of Syrian Arab Airlines, told reporters in Damascus. "

  • Court decision knocks shares in Romanian fund Thursday, 11 Oct 2012 | 6:38 AM ET

    BUCHAREST, Oct 11- A Bucharest court overruled a decision by shareholders in Romania's Fondul Proprietatea, raising doubts among investors over the running of the fund and sending its shares down 3.4 percent on Thursday.

  • said on Thursday in announcing it will move to Switzerland and list its shares in London, dealing a blow to the debt-crippled Greek economy. The material impact on Greece may be limited- its Greek plants will go on working and CCH said the five percent of its business that the world's second-ranked Coke bottler has in Greece will be unaffected.

  • Russia's MDMG narrows IPO price range-sources Thursday, 11 Oct 2012 | 6:16 AM ET

    MOSCOW, Oct 11- Russian private healthcare provider MD Medical Group narrowed the price range for its London share sale to between $11.50 and $12.50 per global depositary receipt from an earlier $11.25 to $13.50, two sources close to the deal said on Thursday.

  • *Hungary inflation rate hits highest since July 2008. *Spain, euro zone worries weigh on emerging Europe assets. PRAGUE, Oct 11- The crown led losses in emerging Europe on Thursday after the Czech central bank governor said policymakers stood ready to intervene to weaken the currency if needed.

  • Syria says plane from Russia carried legal cargo Thursday, 11 Oct 2012 | 6:05 AM ET

    DAMASCUS, Oct 11- Syria said on Thursday a Damascus- bound plane forced to land in Ankara by Turkish fighter jets while en route from Moscow had been carrying legitimate cargo. "The plane was not carrying any illegal material," Ghaida Abdulatif, head of Syrian Arab Airlines, told reporters in Damascus. "

  • PRESS DIGEST-Canada-Oct 11 Thursday, 11 Oct 2012 | 6:04 AM ET

    *A Canadian naval intelligence officer pleaded guilty to spying for Russia, a public admission of an embarrassing espionage scandal that has damaged Canada's reputation among allies and will likely reverberate for years.

  • LONDON, Oct 11- Turkish stocks hit 17- month highs on Thursday, shrugging off an escalating conflict with Syria as data showed an improving current account picture while the Czech crown lost 0.3 percent after comments by the central bank governor.

  • PRESS DIGEST - RUSSIA - Oct 11 Thursday, 11 Oct 2012 | 5:30 AM ET

    MOSCOW, Oct 11- The following are some of the leading stories in Russia's newspapers on Thursday. -The paper runs an interview with Ivan Tavrin, chief executive officer of Russia's second-largest mobile phone operator MegaFon who says the company earned more than its competitors on data transfer services in the first half of 2012..

  • BERLIN, Oct 11- Hungarian Prime Minister Viktor Orban said Europe's democracies might not be up to coping with the crisis they face, making the case in an interview for the "presidential" form of leadership that has let him drive through tough reforms at home. "Our current democratic systems have built-in weaknesses," he said, referring to Europe. "

  • UPDATE 3-Oil pushes higher on Syria tension Thursday, 11 Oct 2012 | 4:58 AM ET

    *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • Turkmen Jan-Sept GDP rises 11.1 pct yr/yr - president Thursday, 11 Oct 2012 | 4:54 AM ET

    ASHGABAT, Oct 11- Turkmenistan's economy expanded by 11.1 percent in the first nine months of 2012, slowing from 14.6 percent in the same period a year ago, President Kurbanguly Berdymukhamedov was quoted as saying on Thursday. Turkmenistan's economic growth hinges on the development and exports of its natural gas riches.

  • TIMELINE-Waiting for euro zone action before year-end Thursday, 11 Oct 2012 | 4:35 AM ET

    LONDON, Oct 11- The European Central Bank's pledge to buy the bonds of troubled euro zone members flooded a wave of relief across the bloc but investors are now waiting for action to match the words.

  • Syrian minister accuses Turkey of piracy - TV Thursday, 11 Oct 2012 | 4:12 AM ET

    BEIRUT, Oct 11- Syria's transport minister accused Turkey on Thursday of "air piracy" after Turkish fighter planes forced down a Syrian passenger jet flying from Russia to Damascus, Lebanon's al-Manar Television reported. The channel quoted minister Mahoumd Said as saying the move amounted to "air piracy which contradicts civil aviation treaties."

  • *Plans to maintain second parallel listing in Athens* Says will maintain its operations in Greece. ATHENS, Oct 11- Coca Cola Hellenic, the world's second-largest bottler of Coca-Cola Co. soft drinks and Greece's biggest firm by market value, said on Thursday it would switch its main bourse listing to London, where it hopes to tap more liquidity from investors.

  • Russian stocks dip on risk retreat, oil supports rouble Thursday, 11 Oct 2012 | 3:45 AM ET

    *Russian stocks follow emerging markets down after Spain downgrade. MOSCOW, Oct 11- Russian stocks fell back on Thursday amid a general retreat from risk assets following a downgrade of Spain's rating and a poor start to the U.S. earnings season, though a firm oil price supported the rouble.

  • NORWAY GAS-Flows to Europe slip further Thursday, 11 Oct 2012 | 3:29 AM ET

    OSLO, Oct 11- Norwegian gas exports to Europe fell further on Thursday morning as output from Royal Dutch Shell's. Exports to Europe including Britain dropped by 11.3 million cubic metres to 226.5 mcm per day by 0600 GMT compared with the 237.8 mcm daily average on Wednesday, data from gas system operator Gassco showed.

  • *Deflation pressures decisive for potential interventions. PRAGUE, Oct 11- The Czech central bank is ready to intervene to weaken the crown currency if it feels there is a risk of long-term deflation pressures, Governor Miroslav Singer was quoted as saying on Monday.

  • Azeri oil output falls in Jan-Sept, gas increases Thursday, 11 Oct 2012 | 3:17 AM ET

    BAKU, Oct 11- Azerbaijan's oil and condensate output fell in the nine months to end-September, extending a 2011 drop, state energy company SOCAR said, after the government decided to slow output to prolong the life of reserves. Maintenance at some main fields contributed to the fall in oil output, while gas production rose from plentiful reserves.