Obama is scheduled to speak with leaders of Germany, France, the United Kingdom and Italy on the Ukraine situation, said a White House advisor.» Read More
VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
Link to Fitch Ratings' Report: Russia's Banking Sector: Stable at Present, But Some Risks Are Growing. MOSCOW/ LONDON, October 08 Fitch Ratings says in a new report that its outlook for the Russian banking sector is stable.
*Contract involved purchases of vehicles from Austria. High State Attorney Lucie Bradacova said police have charged Marek Dalik, an adviser to Prime Minister Mirek Topolanek during his term in 2006-2009, with fraud in relation to the government's purchase of 107 Pandur armed personnel carriers from Austria in 2009 for 14.4 billion crowns.
Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.
AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.
SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.
BEIJING, Oct 8- China is spending $14 billion on pilot projects to turn coal in remote parts of the country into natural gas, a risky bet that could help meet the country's surging demand for the cleaner fuel.
ZURICH, Oct 7- Investors are preparing a takeover offer for loss-making Swiss clothing chain Charles Voegele, a newspaper reported on Sunday. The interested part was a retailer from Southern Europe with international ambitions, Der Sonntag said, citing sources close to investors.
There's a growing backlash against the BRIC countries — an acronym created by Jim O'Neill of Goldman Sachs for Brazil, Russia, India and China, as the four biggest emerging markets have underperformed their peers.
The New York Times reported on Thursday that Iran had proposed a plan to European officials that required the West to lift harsh oil and economic sanctions in return for the eventual suspension of uranium enrichment by Tehran.
WARSAW, Oct 6- Poland has scaled down its plan to cut support for renewable energy to a total of 2.3 billion zlotys by the end of the decade from 9.7 billion zlotys, an updated draft bill on renewables released late on Friday showed.
Cape Canaveral, Fla., Oct 5- Space Exploration Technologies, the first private company to fly to the International Space Station, is poised to launch its initial cargo mission to the orbital outpost as part of a $1.6 billion contract with NASA to deliver supplies.
ATHENS, Oct 5- National Bank of Greece made a share-swap offer to buy all of rival Eurobank and create the country's biggest lender, it said on Friday, the latest move in efforts to consolidate the Greek banking industry.
With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth in China weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.
*Fred Hassan to become non-executive chairman in January. Oct 5- Avon Products Inc will close the book on the Andrea Jung era at the end of the year, clearing the way for new Chief Executive Sheri McCoy to try to fix the iconic but struggling beauty products company.
NEW YORK, Oct 5- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.
*Energy ministry, LUKOIL to meet investors this month. LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry, which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.
LONDON, Oct 5- Russian state owned oil company Rosneft will spend a total of $25 billion to modernise its Soviet-built refineries, company chief executive Igor Sechin told investors on Friday, sources familiar with his presentation said. Sechin said $7 billion has already been spent. The remaining $18 billion will be spent over the next five years.
LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.
By George Georgiopoulos and Lefteris Papadimas. ATHENS, Oct 5- National Bank of Greece and Eurobank are in merger talks to create the country's biggest lender, banking sources said on Friday, the latest move in efforts to consolidate the Greek banking industry.