GO
Loading...

Eastern Europe

More

  • NEW YORK— Philip Morris International Inc.' s first-quarter profit fell, pressured by a strong dollar. Philip Morris earned $1.8 billion, or $1.16 per share, for the period ended March 31. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

  • President Vladimir Putin says Russia expects France to return the advance payment if it fails to deliver a warship built for the Russian navy. He said France's failure to deliver the warship wouldn't damage the Russian navy capability, adding that Russia had placed the order in a bid to strengthen relations with France. President Vladimir Putin says the West...

  • Putin sees return to growth in Russia in under 2 years Thursday, 16 Apr 2015 | 5:57 AM ET

    MOSCOW, April 16- President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, even though he considers it unlikely that the West will lift economic sanctions over the Ukraine crisis soon. Sitting at a desk in a television studio in front of rows of telephone operators taking calls from viewers, Putin said the...

  • The source, who declined to be identified as he was not authorized to talk to the media, said Azerbaijan exported 8.4 million tonnes of oil in the first three months of this year, up from 8.1 million in the same period in 2014.. Exports through the Baku-Supsa pipeline via Georgia rose to 1.09 million tonnes from 1.08 million tonnes, while exports through Baku-...

  • MOSCOW— Putin says killing of Russian opposition leader Nemtsov' tragic and shameful'.

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. Gunvor, one of the world's top five oil trading houses, has been looking to cut exposure to Russia by selling assets. The company's former co-owner, Russian billionaire Gennady Timchenko, sold his stake in Gunvor last year...

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. The stake has been sold to Mokara Enterprises Limited, owned by Russian businessman Andrei Bokarev, Gunvor said in a statement. The company's former co-owner, Russian billionaire Gennady Timchenko, sold his stake in...

  • And Venezuela's oil minister Asdrubal Chavez met in Caracas with the local ambassadors of eight OPEC members plus Indonesia on Wednesday, the ministry said. Nearly four months of sub- $60 a barrel crude oil prices is weighing heavily on cash-strapped producers such as Venezuela and Russia, who failed to coax OPEC into cutting output last November.

  • MOSCOW, April 15- Russia's central bank said on Wednesday it does not yet consider it necessary to tame the rouble's recent strength by intervening in the foreign exchange market. Battered by falling oil prices in the second half of 2014 and Western sanctions imposed on Moscow for its role in the Ukraine crisis, the currency fell briefly to an all-time low of 80...

  • COLUMN-Iran's tantalizing oil prize: Kemp Wednesday, 15 Apr 2015 | 11:14 AM ET

    LONDON, April 15- Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade. Iran's possible re-emergence as a major exporter would force a re-ordering of the world oil market both because of the country's location on the...

  • *Russian delegation to meet OPEC in Vienna in June. Russia has stepped up contacts with OPEC after oil prices plunged last year, however it has dismissed any suggestion it might cut output to prop up prices, saying it is technically impossible to idle production due to the harsh climate in Siberia, the heartland of Russian oil production. The fall in price of oil,...

  • Putin earns less than many in the Kremlin, documents show Wednesday, 15 Apr 2015 | 10:06 AM ET

    MOSCOW, April 15- Russian President Vladimir Putin earned about $151,000 in 2014, less than many others in the presidential administration, according to details of his income declaration published by the Kremlin on Wednesday. His earnings of 7.65 million roubles compared to about 3.6 million roubles in 2013, which was around $100,000 at the exchange rate a...

  • Russia blocks Hollywood thriller day before its release Wednesday, 15 Apr 2015 | 8:19 AM ET

    MOSCOW— Russia on Wednesday scrapped the release of a new Hollywood movie, just a day before it was to open, with the culture minister saying it insulted the nation by describing it as "a sort of Mordor." "Child 44," directed by Daniel Espinosa, is a mystery thriller featuring a Soviet policeman investigating a series of grisly child murders in 1953. Its stars include...

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."

  • DALLAS— Delta Air Lines plans to reduce international flying later this year as travel demand in some places weakens due to lower oil prices and the strong U.S. dollar. The airline said Wednesday that it will make cuts of up to 20 percent on routes to Japan, India, Brazil, Africa and the Middle East. It will suspend winter flights to Moscow.

  • *EU sends Google antitrust charge sheet over shopping searches. *Google says its products foster competition, help consumers. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe."

  • Euro zone surplus widens but trade with Russia plummets Wednesday, 15 Apr 2015 | 5:04 AM ET

    *EU exports to Russia in Jan-Feb fall 34 pct. BRUSSELS, April 15- An increase in exports and stable imports helped the euro zone widen its trade surplus in February, although by slightly less than expected, as a weaker euro helped soften the continued fall in sales to Russia. The weaker euro, helped by a U.S.-style bond-buying programme by the European Central Bank,...

  • Russia says is in "unprecedented" consultations with OPEC Wednesday, 15 Apr 2015 | 3:44 AM ET

    MOSCOW, April 15- Russia's energy ministry has been holding active consultations with the Organization of Petroleum Exporting Countries and Latin American oil producers which Deputy Prime Minister Arkady Dvorkovich described on Wednesday as "unprecedented". Russia has tried to forge closer ties with OPEC after oil prices plunged. Moscow is expected to...

  • In setback, Obama concedes Congress role on Iran deal Wednesday, 15 Apr 2015 | 2:26 AM ET
    President Barack Obama

    U.S. President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran.

  • President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran, reluctantly giving in to pressure from Republicans and some in his own party after they crafted a rare compromise demanding a say. The role for the Republican-controlled Congress injects a new element of uncertainty into the delicate final stages...