GO
Loading...

Eastern Europe

More

  • UPDATE 1-TNK-BP keeps dividend decision on hold Friday, 5 Oct 2012 | 1:57 PM ET

    *TNK-BP gives green light to Rospan gas project. MOSCOW, Oct 5- TNK-BP's directors held back from deciding on a dividend payout at their meeting on Friday, with the Russian oil company saying only that the matter would be discussed "over the coming weeks", when bidding is expected to be underway for BP's 50 percent stake.

  • *Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.

  • By Barbara Lewis and Francesco Guarascio. BRUSSELS, Oct 5- Talks are under way to hasten a deal to prop up the European Union's ailing carbon trading scheme, a senior European Commission official said on Friday.

  • Med Crude-Urals strongest since early Sept Friday, 5 Oct 2012 | 1:26 PM ET

    LONDON, Oct 5- Russian Urals crude ended the weak on a bullish note on Friday, rising to its strongest levels since early September as traders said October volumes in the Mediterranean were mostly sold out.

  • RPT-Russia's Alfa increases stake in Vimpelcom Friday, 5 Oct 2012 | 11:40 AM ET

    MOSCOW, Oct 5- Russian billionaire Mikhail Fridman's Alfa Group has increased its voting stake in emerging markets telecoms operator Vimpelcom to 41.85 percent from 40.5 percent, a spokesman for Alfa's Altimo unit said. The increase brings Altimo's ownership of Vimpelcom closer to the 43 percent owned by Norwegian telecoms group Telenor.

  • Russia's Alfa increases stake in Vimpelcom Friday, 5 Oct 2012 | 11:38 AM ET

    MOSCOW, Oct 5- Russian billionaire Mikhail Fridman's Alfa Group has increased its voting stake in emerging markets telecoms operator Vimpelcom to 41.85 percent from 40.5 percent, a spokesman for Alfa's Altimo unit said. The increase brings Altimo's ownership of Vimpelcom closer to the 43 percent owned by Norwegian telecoms group Telenor.

  • By Maya Dyakina and Lidia Kelly. MOSCOW, Oct 5- Russian shares and the rouble rose in light trade on Friday, ending higher for the week, after strong U.S. jobs data increased global appetite for risk. A stronger U.S. economy improves the outlook for commodities, helping major commodity exporters such as Russia.

  • TEXT-Fitch affirms three Czech banks Friday, 5 Oct 2012 | 11:08 AM ET

    Oct 5- Fitch Ratings has affirmed Ceska Sporitelna and Komercni Banka's. CS's Long-term IDR is equalised with that of its 98% shareholder, Erste Group Bank AG, reflecting what Fitch views as an extremely high propensity to provide support to CS. KB's Long-term IDR is driven by potential support from its majority shareholder, Societe Generale.

  • Czechs, Poles cast off emerging market tag Friday, 5 Oct 2012 | 11:05 AM ET

    LONDON, Oct 5- Tightly priced bond issues from the Czech Republic and Poland this week signal that they are casting off their emerging market label, leaving further behind other indebted Central and Eastern sovereigns.

  • TNK-BP aims to discuss dividends "over coming weeks" Friday, 5 Oct 2012 | 11:03 AM ET

    MOSCOW, Oct 5- Russia's third-largest crude producer TNK-BP, in which BP has put its 50 percent stake up for sale, said on Friday its board of directors will discuss a possible dividend pay out in the coming weeks. In July, AAR- BP's partners in the TNK-BP venture- blocked a $1 billion dividend from the Russian oil business.

  • Britain's Debenhams has high hopes for Russia Friday, 5 Oct 2012 | 11:01 AM ET

    MOSCOW, Oct 5- British department store group Debenhams expects to generate a fifth of its overseas sales by 2015 in Russia, which is set to become Europe's biggest retail market. Debenhams, which has been increasing sales at home despite a recession there, returned to Russia in September, six years after pulling out of the country because it was losing money.

  • UPDATE 2-CEZ dumps Areva from Temelin nuclear tender Friday, 5 Oct 2012 | 10:58 AM ET

    *CEZ says Areva fails to meet requirements. PRAGUE, Oct 5- Czech power group CEZ threw out Areva's bid for a multibillion-dollar contract to expand the Temelin nuclear power plant, leaving U.S. and Russian firms to contest the country's biggest-ever energy deal.

  • MegaFon moves closer to London IPO-sources Friday, 5 Oct 2012 | 10:37 AM ET

    MOSCOW, Oct 5- Russia's second-largest mobile phone operator MegaFon may start pre-marketing for its London IPO next week, but is yet to make a final decision regarding timing, three sources familiar with the situation said.

  • Ukraine CPI rises 0.1 pct m/m in September Friday, 5 Oct 2012 | 10:35 AM ET

    KIEV, Oct 5- Ukrainian consumer prices rose by 0.1 percent month-on-month in September after falling by 0.3 percent in August, the State Statistics service said on Friday.

  • *Merger would form Greece's biggest lender* Shares suspended pending announcements* NBG, Eurobank hold board meetings By George Georgiopoulos and Lefteris Papadimas.

  • *Fred Hassan to become nonexecutive chairman in January. Oct 5- Avon Products Inc said Executive Chairman Andrea Jung, who was replaced as chief executive officer in April, would step down from the board at the end of 2012, ending what became a tumultuous tenure in recent years and sending the company's shares up nearly 6 percent.

  • PRAGUE, Oct 5- The Czech Telecommunication Office has accepted all four bids it received for a planned sale of frequencies for fourth-generation mobile telephone networks, including one from a possible new market player, it said on Friday.

  • Oil falls even after positive US jobs report Friday, 5 Oct 2012 | 9:48 AM ET

    Benchmark oil is now down $1.25 to $90.46 per barrel in New York. Traders are trying to gauge the strength of global oil demand while watching developments surrounding Syria in the Middle East. In London, Brent crude, which is used to price international varieties of oil, was down 8 cents to $112.50.

  • Russian carmaker AvtoVAZ moves back into profit Friday, 5 Oct 2012 | 9:48 AM ET

    MOSCOW, Oct 5- Russian carmaker AvtoVAZ made an underlying net profit of 700 million roubles in the first half of the year, it reported on Friday, which compared with a 500 million-rouble loss in the same period last year despite a fall in vehicle sales.

  • Oct 05- Fitch Ratings has affirmed Slovakia- based Slovenska Sporitelna's Long-term Issuer Default Rating at' A' with a Stable Outlook and its Viability Rating at' bbb'. SLSP's Long-term IDR is equalised with that of its 100% ultimate shareholder, Erste Group Bank AG, reflecting Fitch's view that the parent would be extremely likely to provide support to SLSP.