Colin Chapman, President of the New South Wales chapter of the Australian Institute of International Affairs, outlines the motives behind Russia's military buildup in eastern Ukraine.» Read More
*Albania to fund power imports by state-run KESH. Supply is at risk in hydro-power dependent Albania after CEZ Shperndarje, which has been in a dispute with the government over prices it can charge to final consumers, did not import electricity in September.
Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.
BUDAPEST, Oct 3- Hungary has to present deficit-cutting measures to the European Commission by Friday to show how it will keep the budget deficit below the bloc's ceiling of 3 percent next year, the Hungarian minister responsible for talks with the IMF said.
The volatile Central Asian state has seen several attacks on the government since Kyrgyzstan's independence from the Soviet Union in 1991. The bloodiest protests, in March 2005 and April 2010, toppled two presidents, who then fled abroad.
*Polish economy, east Europe's biggest, is slowing sharply. WARSAW, Oct 3- Poland kept interest rates unchanged on Wednesday, surprising analysts who had expected a cut and prompting concerns the central bank may have left it too late to counter a sharp economic slowdown. Poland is moving in the direction of a wrong policy mix. "
The latest expansion in global output was heavily reliant on the United States, where economic activity rose at the fastest pace since March, JPMorgan said. Britain, Brazil, Russia and Ireland also saw output increase. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, revealed the details of its initial public offering both in Moscow and London in a deal seen as a test for equity raising by other domestic banks.
*To transfer sales staff from South Europe to South America. AARHUS, Denmark, Oct 3- Ailing Danish wind turbine manufacturer Vestas said on Wednesday it is stopping all non-profitable projects as it battles worsening prospects by slashing costs and jobs to lift medium-term operating margins to high single digit levels.
MOSCOW, Oct 3- Russia attracted relatively strong demand for its long-dated treasury bonds on Wednesday despite a weaker rouble, while the equity market extended losses on global economic woes, prior to a series of central bank meetings.
Following are details of the JPMorgan Global Purchasing All-Industry Output Index for September. GLOBAL SERVICES PMI PMI Jobs Orders Inp Prc Backlogs Aug 52.0 51.4 50.8 58.3 49.0 Sept 54.0 49.6 52.8 59.7 47.1 GLOBAL COMPOSITE PMI PMI Orders Jobs Inp Prc Aug 50.9 49.8 50.9 56.2 Sept 52.5 51.6 49.9 58.0.
MOSCOW, Oct 3- Russia's proposed increase in mineral extraction tax has deterred Germany's Wintershall from taking part in a gas field project in the country, according to an official of Russian gas producer Gazprom, quoted by Interfax news agency.
WARSAW, Oct 3- Polish central bank head Marek Belka said on Wednesday he was not concerned a strong zloty currency would hurt the economy, after the bank's rate-setting council decided not to bow to pressure for a rate cut.
MOSCOW, Oct 3- A long-running campaign by Norwegian telecoms group Telenor for an increased stake in Russia's Vimpelcom won potentially important backing on Wednesday, as the Russian antitrust regulator said it was positive on a proposed deal.
MOSCOW, Oct 3- Russian precious metals miner Polymetal is likely to discuss in December whether to pay a special dividend, Chief Executive Vitaly Nesis said on Wednesday. The company, which joined London's FTSE 100 index last year, has a policy of paying a dividend of 20 percent of net earnings if the ratio for net debt to adjusted EBITDA is below 1.75.
Electricity for Wednesday delivery gained 13.80 euros to 44.90 euros per megawatt hour in the over-the-counter market after the Reunification Day holiday in neighbouring Germany had sapped demand a day earlier.
WARSAW, Oct 3- Poland's central bank will cut interest rates if incoming data and the November inflation projection show a protracted slowdown and limited price pressures, the bank's rate setting panel said on Wednesday in its post-meeting statement.
PRAGUE, Oct 3- Czech Labour and Social Affairs Minister Jaromir Drabek resigned on Wednesday after police charged his first deputy with bribery, another blow to the centre-right government already weakened by corruption scandals in the past year.
There were twice as many restaurant openings than closings in New York over the past year and diners still eat out three times per week-- the same number as in each of the past three years, according to the survey of 44,306 people, which will be released on Wednesday.
STOCKHOLM, Oct 3- Nordic telecoms firm TeliaSonera said on Wednesday it had appointed lawyers to investigate allegations of wrongdoing related to its purchase of a 3 G licence in Uzbekistan in 2007..
SOFIA, Oct 3- Bulgaria aims to keep its budget deficit unchanged at 1.3 percent of gross domestic product next year as growth picks up, hoping to avoid risking its currency peg to the euro, a draft budget showed on Wednesday.