Eastern Europe


  • Weak growth outlook drags on European shares Tuesday, 2 Oct 2012 | 12:51 AM ET

    By Simon Jessop and Alistair Smout. "The real key to create confidence is positive earnings surprises, positive economic data surprises," Philip Isherwood, European strategist at Absolute Strategy Research, who is nevertheless' overweight' on the region's stocks.

  • *Top court unblocks planned power plant investment. *Sends case for back for re-examination to lower court. WARSAW, Oct 2- Poland's top utility PGE said it would carry on with its 11.6 billion zloty investment in new power units after a supreme court ruling unblocked the country's largest power contract to date.

  • MOSCOW, Oct 2- Russian shares fell on Tuesday after a rally the day before, led by the heavyweight energy sector, and the rouble edged lower, showing little reaction to comments by the central bank on inflation concerns ahead of a policy meeting.

  • *Shares to be priced at 18.30 euros each. FRANKFURT, Oct 1- Talanx, Germany's third-biggest insurer, said on Monday it will raise at least 467 million euros in an initial public offering, in a sign that Europe's fragile IPO markets are regaining strength. Talanx said it plans to sell shares for 18.30 euros apiece.

  • BUCHAREST, Oct 1- Romania scrapped the sale of its majority stake in indebted chemical plant Oltchim on Monday, saying the tender winner, media tycoon Dan Diaconescu, did not submit required documents in due course.

  • *He mentions Qatar, Saudi Arabia, Turkey, US, France, Libya.

  • Irene Tse, who headed the North America operations of the Chief Investment Office, told the firm she is resigning to focus on "entrepreneurial ventures," according to a memo on Monday from Chief Operating Officer Matt Zames, a copy of which was obtained by Reuters.

  • BERLIN, Oct 1- A German insurance giant revealed employees put a trip to a swingers' hotel in Jamaica on company expenses when it published the results of an internal audit on a public website.

  • *ArcelorMittal says will look to move workers to new jobs. FLORANGE, France, Oct 1- ArcelorMittal told unions it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked access to the steel plant and management offices at the site on Monday.

  • *He mentions Qatar, Saudi Arabia, Turkey, US, France, Libya.

  • Molson Coors combines European units Monday, 1 Oct 2012 | 1:48 PM ET

    The Denver- based company said Molson Coors Europe will combine its U.K. and Ireland business with its recently acquired businesses in Central Europe. StarBev makes Bergenbier, Ozusko and Borsodi beers and runs nine breweries, selling brands in in the Czech Republic, Serbia, Croatia, Romania, Bulgaria, Hungary, Montenegro, Bosnia-Herzegovina and Slovakia.

  • *Facebook's Zuckerberg makes first visit to Russia. GORKI, Russia, Oct 1- Prime minister Dmitry Medvedev told Facebook chief executive Mark Zuckerberg on Monday that Russia's IT industry was as promising an area for investment as its natural resources sectors.

  • HIGHLIGHTS-Hungarian rate-setters on policy outlook Monday, 1 Oct 2012 | 1:00 PM ET

    BUDAPEST, Oct 1- Following are highlights of a joint Reuters interview with Hungarian central bank rate-setters Andrea Bartfai-Mager, Ferenc Gerhardt and Gyorgy Kocziszky conducted on Monday.

  • The FTSE Small Caps index closes up 0.5 percent, lagging the blue-chip FTSE 100 and the FTSE 250 mid-cap indexes, which end 1.4 percent and 1.1 percent higher, respectively.

  • AMSTERDAM, Oct 1- Dutch financial group ING Groep. will cut a further 30 jobs in its corporate finance unit, mostly in London, Dutch news agency ANP reported on Monday. They are in addition to 100 jobs cut on the equity markets desk covering Central and Eastern Europe and Russia announced earlier in the day.

  • Hungary seeking slot machine ban to protect poor Monday, 1 Oct 2012 | 11:43 AM ET

    BUDAPEST, Hungary-- The Hungarian government says it is planning to ban slot machines, which it says have led thousands of families to ruin. According to the bill filed Monday in Parliament, slot machines will be allowed only in Hungary's three casinos.

  • Warnig to replace Cheung as RUSAL board chairman Monday, 1 Oct 2012 | 11:41 AM ET

    MOSCOW, Oct 1- Matthias Warnig, a former East German Secret agent turned investment banker who has known Russian President Vladimir Putin since the 1990 s, has been appointed chairman of Russia's RUSAL, replacing Barry Cheung, who resigned.

  • *Worries about euro zone, China growth weigh. MOSCOW, Oct 1- Russian shares extended fragile gains on Monday, helped by a buoyant mood on global markets, while the rouble inched higher, catching up with an oil price recovery.

  • Russia bans controversial anti-Islam video Monday, 1 Oct 2012 | 11:33 AM ET

    Under legislation that goes into effect on Nov. 1, Internet sites carrying content banned in Russia will be placed on a register, after which Internet providers will have one day to block access. Google Inc, the owner of YouTube, said it was ready to block access of the film to users in Russia once it received the court's decision, the RIA agency reported.

  • Czech Republic to add EUR750m to May 2022 issue Monday, 1 Oct 2012 | 11:32 AM ET

    LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, will increase a 3.875% May 2022 issue by a further EUR750m, lead managers Barclays, Ceska, SG CIB and UniCredit said on Monday. The new total issue size will be EUR2.75bn.