GO
Loading...

Enter multiple symbols separated by commas

Eastern Europe

More

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • Russia budget crunch shows no quick end to economic pain Wednesday, 20 May 2015 | 2:18 PM ET

    MOSCOW, May 20- Russian Finance Minister Anton Siluanov warned on Wednesday the country would face no choice but to rein in public spending over the next few years, highlighting how Russia is still in deep economic trouble even if it has dodged an immediate meltdown. Russia was tipped into crisis by last year's sharp drop in oil prices, compounded by Western...

  • Ukraine's smaller bondholders unfazed by moratorium threat Wednesday, 20 May 2015 | 12:26 PM ET

    The committee itself has not commented on the new law but Russia, which holds $3 billion of Ukraine's bonds and is its second-biggest creditor, has attacked Kiev as "unprofessional". "This is in line with what I expected, as it's been a deadlock with creditors and this way they increase their bargaining power," said Rogge Global Partners' head of emerging debt Michael...

  • *Putin says new law paves way for Ukraine default. MOSCOW, May 20- Russia on Wednesday demanded the timely repayment of all debts owed to it by Ukraine and accused Kiev of effectively preparing the way for default with a new law. Moscow, whose relations with Kiev have been wrecked by a year-long conflict in eastern Ukraine, has declined to join the debt restructuring...

  • MOSCOW, May 20- Russian President Vladimir Putin said on Wednesday a law adopted by Ukraine allowing it to miss repayments to international creditors, Russia among them, was strange and unprofessional. Putin, speaking at a meeting with government ministers, said the Ukrainian legislation was in effect about an upcoming default by Ukraine.

  • LONDON, May 20- Emerging market currencies and stocks fell on Monday, coming under pressure from a climbing dollar after better-than-expected U.S. housing data. South Africa's rand, the Turkish lira and the Israeli shekel weakened by as much as half a percent against the dollar. "There are a lot of cross currents for emerging markets, with the dollar and oil prices...

  • DIARY- Emerging Markets Economic Events to June 1 Tuesday, 19 May 2015 | 8:02 PM ET

    ANKARA- Central bank of Turkey to hold monthly monetary policy committee meeting. PRAGUE- International Monetary Fund holds a press conference at the end of its annual mission to the Czech Republic- 1315 GMT. BRASILIA- International Monetary Fund head Christine Lagarde visits Brazil to participate in a central bank seminar about inflation targeting.

  • TALLINN, Estonia— Train service between the capitals of Russia and Estonia has been suspended due to declining demand, reportedly for the first time in six decades. The Estonian railway company GoRail said European Union sanctions against Russia have led to a sharp decrease in the number of Russians visiting Estonia, making the Moscow- Tallinn route...

  • *Ukraine needs dollars, not words, from creditors- PM. KIEV, May 19- Ukraine passed a law on Tuesday that gives the government the right to halt payments to creditors as it wrangles over the terms for restructuring $23 billion of foreign debt. Ukraine is holding talks to restructure sovereign and state-guaranteed debt to plug a $15 billion funding gap, but...

  • KIEV, May 19- Ukraine's Finance Ministry said on Tuesday it would act on a new law allowing the government to suspend foreign debt payments "unless a good faith collaborative" solution could be found, repeating that any deal would require a writedown of principal. However it said it was hopeful a solution could be found and restructuring terms agreed "rapidly" with...

  • *PM says Ukraine needs dollars, not words, from creditors. Ukraine is holding talks to restructure sovereign and state-guaranteed debt to plug a $15 billion funding gap, but negotiations have soured in the past week, as bondholders repeated objections to any writedown on the principal owed and Kiev said that stance showed a lack of good faith.

  • Economic toll of conflict builds up for Ukraine Tuesday, 19 May 2015 | 9:22 AM ET

    There seems to be no bottom for Ukraine's economy. Ukraine's economy contracted by a stunning 17.6 percent in the first quarter of 2015 compared with a year earlier, when the separatist conflict erupted. "In 2014, Ukraine lost approximately 20 percent of its economy with industrial sector output in Donetsk and Luhansk regions falling by 30 to 40 percent,"...

  • HONG KONG— For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. In Europe, many exporters have benefited because a stronger dollar tends to make their products cheaper in the United States.

  • BRUSSELS, May 18- Russia avoided further diplomatic confrontation with Ukraine and the European Union at three-way trade talks on Monday and did not renew previous demands for Kiev's duty-free deal with the bloc to be put on hold. EU Trade Commissioner Cecilia Malmstrom highlighted the fact that all three parties jointly signed a statement that said the pact,...

  • Romania president raises alarm over illegal logging Monday, 18 May 2015 | 12:09 PM ET

    BUCHAREST, Romania— Romania's president says a new law allowing the logging of small woods could lead to "uncontrolled deforestation" in the country, posing a national security threat. President Klaus Iohannis said Monday that the proposed legislation could lead to the logging of as much as a million hectares. Romania has 6.6 million hectares of forest, home to...

  • MOSCOW, May 18- Russia's rouble strengthened on Monday, helped by companies selling foreign currency ahead of end-of-month tax payments to the state budget and also by weak demand for dollars and euros. The rouble's rise came despite central bank purchases of foreign currency to top up its reserves-- a policy shift announced last week-- and modest losses in global...

  • BEVERLY HILLS, Calif.— The liquid is dark red, a mixture of fat and blood, and Dr. Mark Berman pumps it out of the patient's backside. The number of stem-cell clinics across the United States has surged from a handful in 2010 to more than 170 today, according to figures compiled by The Associated Press.

  • ALMATY, May 16- A Proton-M carrier rocket carrying a Mexican satellite malfunctioned and burnt up over Siberia soon after launch on Saturday, the latest in a series of mishaps for Russia's space industry. Russia's space agency Roscosmos subsequently said in a statement that the satellite, booster and third stage burnt up almost entirely in the atmosphere with...

  • KIEV, Ukraine— A Russian rocket carrying a Mexican satellite malfunctioned Saturday shortly after its launch— the latest mishap to hit Russia's troubled space industry, whose Soviet-era glory has been tarnished by a series of launch failures. The rocket, a Proton-M, was launched from the Russia- leased Baikonur launch pad in Kazakhstan. A search for possible...

  • ALMATY, May 16- A Proton-M carrier rocket carrying a Mexican satellite malfunctioned and crashed in Siberia soon after launch on Saturday, the latest in a series of mishaps for Russia's space industry. The final stage of the Proton could still have contained a few tonnes of heptyl, a highly toxic rocket propellant, when it came down in the Chita region of Siberia,...