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  • EU energy chief hopeful of Ukraine gas deal Thursday, 16 Oct 2014 | 7:55 AM ET

    BRUSSELS— The European Union's top energy official says he's cautiously optimistic about chances of a deal to secure gas supplies this winter for Ukraine and Europe as he prepares for new talks with Kiev and Moscow. EU Energy Commissioner Guenther Oettinger plans to meet the Russian and Ukrainian energy ministers and gas company chiefs in Brussels next...

  • *Exxon Mobil says refinery strategic regardless of EU policy. ANTWERP, Belgium, Oct 16- Exxon Mobil is pouring $1 billion into a refinery in the European Union, setting aside concerns ranging from poor margins to EU green energy rules due to be agreed next week that will cut demand for oil. Heavy industry and some nations, such as coal-dependent Poland, have argued...

  • Philip Morris Int'l 3Q profit falls 8 percent Thursday, 16 Oct 2014 | 7:15 AM ET

    RICHMOND, Va.— Philip Morris International's third-quarter profit dropped 8 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar. The seller of Marlboro and other cigarette brands outside the United States said Thursday that it earned $2.15 billion, or $1.38 per share, in the quarter,...

  • BRUSSELS, Oct 16- European Union authorities could intervene to prevent gas shortages this winter in the event the Ukraine crisis causes disruption to flows from Russia, EU stress tests showed on Thursday. European Energy Commissioner Guenther Oettinger unveiled the results of tests conducted across the EU's 28 member states and 10 neighbouring countries...

  • Putin cheered in Serbia, seeks pipeline backing Thursday, 16 Oct 2014 | 6:52 AM ET

    BELGRADE, Serbia— Greeted by enthusiastic chants of "Putin! , "Russian President Vladimir Putin attended a military parade Thursday in Slavic ally Serbia, where he held talks on economic issues, including on the South Stream gas pipeline opposed by the European Union. Putin's visit came as Serbia finds itself caught in the middle of Moscow's dispute with the West...

  • *Oil price plunge could cost Russia $65- 75 bln. MOSCOW, Oct 16- A steep plunge in the rouble, caused by sanctions over the Ukraine crisis and falling oil prices, has underlined Russia's heavy dependence on Western finance to balance its dollar-thirsty economy. For all President Vladimir Putin's anti-Western bravado and talk of shifting Russia's economic ties to...

  • Putin keeps Merkel waiting in Milan Thursday, 16 Oct 2014 | 5:46 AM ET

    MILAN— Russian President Vladimir Putin's diplomatic blitz on Ukraine got off to a rocky start Thursday when he kept German Chancellor Angela Merkel waiting for a meeting then showed up in the middle of a dinner with European and Asian leaders. Putin is looking to get relief from Western economic sanctions imposed since Russia's annexation of the Crimean...

  • MSCI's emerging equity index slipped 0.9 percent after the previous day's 1 percent fall, sparked by a Wall Street rout and flight to safe-haven bonds after disappointing U.S. data reinforced worries about the global economy. Dubai's stock market fell 2.4 percent while Abu Dhabi's index slipped 2.1 percent and Qatar slid 1.4 percent. While central Europe is...

  • *EBRD, Ukraine prepare "unprecedented" cooperation plan. KIEV, Oct 16- The International Monetary Fund's mission to Ukraine will determine at the end of October how much additional financial aid Kiev needs, Central Bank Governor Valeria Gontareva said on Thursday. She also said that the European Bank for Reconstruction and Development is preparing an "...

  • KIEV, Oct 16- The International Monetary Fund's mission to Ukraine will determine at the end of October how much additional financial aid Kiev needs, central bank Governor Valeria Gontareva said on Thursday. "The IMF mission which will arrive in late October will determine the demand in real terms," Gontareva said at a news conference. "If the geopolitical risks...

  • UKRAINE CENBANK GOVERNOR GONTAREVA SAYS IMF MISSION TO KIEV AT MONTH-END TO ESTIMATE COUNTRY'S REAL NEEDS FOR FINANCIAL AID.

  • Falling oil prices shake up global economies Thursday, 16 Oct 2014 | 3:02 AM ET

    The global price of oil closed at $84.47 per barrel Thursday, down about $31, or 27 percent, from its high point for the year. "The problem is that countries get accustomed to a certain level of income, and then spend," says Edward Chow, a senior fellow at the Center for Strategic and International Studies. Increased production in the U.S., Canada, Iraq and elsewhere made up...

  • DIARY - Top Economic Events to Oct 29 Wednesday, 15 Oct 2014 | 8:01 PM ET

    CHELSEA, United States- Federal Reserve Chair Janet Yellen tours the CONNECT facility and meets consortium leaders and local residents to hear about conditions in the local economy and the impact of CONNECT for residents entering or re-entering the workforce- 1645 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe takes part in a panel discussion at...

  • *Caution after disappointing China, U.S. inflation readings. NEW YORK, Oct 15- Stocks took a pounding on Wednesday, although Wall Street managed to peddle back from its steepest lows, and safe-haven government debt prices rose after U.S. and Chinese inflation data fanned worries about a global slowdown. A key gauge of Wall Street anxiety hit its highest level since...

  • MOSCOW, Oct 15- Russian natural gas transit through Ukraine to Europe is still problematic and alternative supply routes, such as the planned South Stream pipeline, should be used to solve the issue, President Vladimir Putin said in an interview. This has sparked concerns about the possible disruption of Russian gas supplies which transit Ukraine en route to...

  • Czechs to screen passengers for Ebola at airport Wednesday, 15 Oct 2014 | 1:47 PM ET

    PRAGUE— The Czech prime minister says the country will introduce screening of passengers at the capital's international airport in efforts to prevent the spread of Ebola. Bohuslav Sobotka says passengers who visited Liberia, Sierra Leone or Guinea in the 42 days before their arrival will have to undergo a medical check at Prague's Vaclav Havel Airport.

  • *Caution reigns after disappointing China inflation reading. NEW YORK, Oct 15- Stocks and the U.S. dollar slumped and safe-haven government debt rallied on Wednesday, as investors around the globe resumed their flight from riskier assets after weak U.S. and Chinese inflation figures. "You couple this with fears about the spread of Ebola, with the recent downtrend...

  • *Caution reigns after disappointing China inflation reading. LONDON, Oct 15- Global stocks, bond yields and commodity prices slumped on Wednesday as investor fears over the state of the global economy intensified after U.S. producer prices fell for the first time in more than a year. Market volatility has surged in recent weeks as investors weigh the timing of...

  • *Caution reigns after disappointing China inflation reading. Market volatility has surged in recent weeks as investors weigh the timing of expected interest rate increases, especially in the United States, against disappointing macroeconomic signals such as a worse-than-expected inflation reading from China. Britain's FTSE 100 benchmark stock index...

  • Their forthcoming meeting in Milan is an encouraging sign for Moscow, Kiev and the West, who are balancing on the brink of a new gas rift following Russia's decision to cut supplies to Ukraine because of mounting debt. Ukraine faces possible energy shortages this winter if no deal is reached, which in turn risks causing disruptions to Europe's gas supplies-- as...