Eastern Europe


  • PRAGUE, Oct 8- Czech electricity producer CEZ. said on Monday a market-test procedure to evaluate its settlement offer to end an EU investigation showed no need for material changes in the plan.

  • LONDON, Oct 8- Britain is in danger of suffering a long-term loss of liquefied natural gas supply as top exporter Qatar sends only left-over short-term deliveries to the UK while more and more of its LNG goes to higher paying Asian customers. Analysts and British energy companies say the strategy rewards Qatar but puts Britain at a significant disadvantage.

  • Moscow rally held to remember reporter's murder Monday, 8 Oct 2012 | 8:28 AM ET

    MOSCOW-- Around 200 people held a rally Sunday in Moscow to mark the sixth anniversary of the unsolved murder of crusading reporter Anna Politkovskaya. Participants held up candles and pictures of the journalist and spoke in remembrance of Politkovskaya, a sharp critic of Kremlin policies in Chechnya, who was shot inside her Moscow apartment building in 2006..

  • KRG gets oil payment from Baghdad, exports to flow Monday, 8 Oct 2012 | 8:27 AM ET

    LONDON, Oct 8- 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. "We won't cut exports now," Genel Energy President Mehmet Sepil told Reuters. "

  • *Austria, OMV say no talk of MOL exit from Nabucco. VIENNA, Oct 8- The partners in Azerbaijan's Shah Deniz II gas field are in talks to take a stake in the Nabucco consortium that is competing to build the first pipeline to deliver Azeri gas to Europe, Austria's economy and energy minister said on Monday.

  • MegaFon to start pre-marketing IPO Tuesday-sources Monday, 8 Oct 2012 | 8:20 AM ET

    MOSCOW, Oct 8- MegaFon, Russia's second-largest mobile phone operator, will start pre-marketing its London initial public offering on Tuesday, several financial market sources said on Monday. A separate source said a statement was expected to announce the IPO in the coming days.

  • AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakh President Nursultan Nazarbayev was jailed for seven-and-a-half years on Monday for his part in a failed attempt to overthrow the government of the oil-producing Central Asian state.

  • *Petronet may join GAIL if it gets Repsol's LNG assets. NEW DELHI, Oct 8- India's Petronet LNG has allowed gas firm GAIL to use annually 2.5 million tonnes capacity at Petronet's liquefied natural gas plant at Dahej in western India for importing the fuel, its chief executive A. K. Balyan said on Monday.

  • PARIS, Oct 8- The outlook for the world's major economies including the United States and Germany has deteriorated slightly, although China may be stabilising after a recent slowdown, the OECD said on Monday.

  • NEW YORK, Oct 8- 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.

  • *Hungary's forint gives back some of Friday gains. BUCHAREST, Oct 8- Hungary's forint led emerging European currencies lower on Monday, giving back some of the previous session's sharp gains as questions persist over an international financing deal.

  • LONDON, Oct 8- The South African rand plunged to a new 3-1/ 2 year low against the dollar as the worst bout of labour unrest since the end of apartheid rattles the market, while growth worries weighed on broader emerging markets. The rand tumbled 2.4 percent, extending losses chalked up on Friday when Anglo American Platinum.

  • WARSAW, Oct 8- Polish central banker Adam Glapinski said he might vote for an interest rate cut in November, signalling a policy shift that could clear the way for the bank to lower borrowing costs next month.

  • Oct 08- In its published report titled "Banking Industry Country Risk Assessment: Czech Republic," Standard& Poor's Ratings Services said that the Czech banking sector's main strengths are its solid core customer deposit base, industry stability and strong risk-adjusted profitability, and the country's prudent macroeconomic policies and sound government finances.

  • PRESS DIGEST - RUSSIA - Oct 8 Monday, 8 Oct 2012 | 5:38 AM ET

    MOSCOW, Oct 8- The following are some of the leading stories in Russia's newspapers on Monday. -Samsung Electronics Co Ltd's sold 28 percent of all tablet computers in Russia in August, while Apple Inc..

  • UPDATE 1-World Bank slashes Russia growth forecasts Monday, 8 Oct 2012 | 5:38 AM ET

    MOSCOW, Oct 8- The World Bank slashed its economic growth forecasts for Russia on Monday and cautioned that labour shortages would force up inflation even as the world's ninth-largest economy slows.

  • ANKARA, Oct 8- The gas flow on a pipeline carrying Iranian natural gas to Turkey was halted due to an explosion in eastern Turkey in the early hours of Monday, Turkish energy officials told Reuters.

  • World Bank slashes Russia growth forecasts Monday, 8 Oct 2012 | 5:03 AM ET

    MOSCOW, Oct 8- The World Bank on Monday slashed its economic forecasts for Russia and cautioned that, even as growth slows, labour shortages show the world's ninth-largest economy is overheating. The global development lender cut its forecast for economic growth this year to 3.5 percent from 3.9 percent previously, down from last year's growth of 4.3 percent.

  • MOSCOW, Oct 8- Russian stocks fell on Monday and the rouble weakened, hurt by worries about the health of the global economy and lower commodity prices. The rouble-traded MICEX index was down 0.7 percent to 1,468.01 at 0700 GMT, while the dollar-based RTS was off 1.0 percent to 1,492.53. Shares of Russia's third-largest crude producer TNK-BP.

  • Oct 08- Fitch Ratings has upgraded Atrium European Real Estate Limited's Long-term Issuer Default Rating and senior unsecured rating to' BBB-' from' BB+'. The Outlook on the IDR is Stable.