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Eastern Europe

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  • *Gazprom's forex loss at 1.1 trillion roubles in 2014. MOSCOW, April 29- Russian natural gas and oil producer Gazprom suffered an 86 percent fall in net income in 2014 because of the rouble's weakness, the fall in global oil prices and a dispute with Ukraine. Gazprom, the world's largest gas producer, has also reduced sales of gas to Ukraine, which had been one of its...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • The Marshall Islands- flagged MV Maersk Tigris was taken Wednesday to Bandar Abbas, the main port for Iran's navy, under escort by Iranian patrol boats, according to Maersk Line, the Danish shipping company that had chartered it. The incident comes at a critical time in Iran's relations with the United States and the West, as talks about its contested nuclear...

  • Central European Media reports 1Q loss Wednesday, 29 Apr 2015 | 5:03 AM ET

    PRAGUE _ Central European Media Enterprises Ltd. on Wednesday reported a loss of $73.3 million in its first quarter. This story was generated by Automated Insights using data from Zacks Investment Research. Keywords: Central European Media, Earnings Report.

  • LONDON, April 28- If you don't like the message, you can always shoot the messenger. Premiums are in free fall in both Asia and Europe and looking decidedly wobbly in the United States. Rusal is singing from the same song-sheet as its U.S. peer Alcoa, which led the original calls for the LME to introduce a U.S.-style Commitments of Traders Report and, once it had done so,...

  • *Mechel's net loss hit by non-cash write-offs. *Mechel still in talks over debt restructuring. MOSCOW, April 28- Indebted Russian miner Mechel hopes to increase coal production by up to 15 percent this year after making a record net loss of $4.3 billion in 2014 due to $3.9 billion in write-offs relating to asset sales and a weaker rouble.

  • FRANKFURT, April 28- Hedge fund Elliott, which holds a 15 percent stake in German machine-tool maker DMG Mori Seiki AG, is not seeking a seat on the supervisory board, DMG said on Tuesday, contrasting with the activist fund's strategy for some of its other investments. Japan's DMG Mori Seiki Co Ltd has recently acquired a 52.5 percent stake in DMG Mori Seiki AG, and...

  • Putin says Russia over worst of economic downturn Tuesday, 28 Apr 2015 | 8:56 AM ET

    MOSCOW— Russian President Vladimir Putin says his country's economy has weathered the worst of its downturn even though it appears headed for a deep recession. Speaking in St. Petersburg at an event organized by the Russian People's Front, a government-sponsored campaign group, Putin said the country would still feel the effects of economic trouble in the...

  • MOSCOW, April 28- Russian railcar manufacturer United Wagon Company said on Tuesday it had set a price of 700 roubles a share for its initial public offering, Russia's first stock float in more than a year. The price, in the middle of the company's 650- 750 roubles range, suggests United Wagon Company is on course to raise 3.9 billion roubles by offering at least 14...

  • LONDON, April 28- If you don't like the message, you can always shoot the messenger. Premiums are in free fall in both Asia and Europe and looking decidedly wobbly in the United States. Rusal is singing from the same song-sheet as its U.S. peer Alcoa, which led the original calls for the LME to introduce a U.S.-style Commitments of Traders Report and, once it had done so,...

  • *Mechel's net loss hit by non-cash write-offs. *Mechel still in talks over debt restructuring. MOSCOW, April 28- Indebted Russian miner Mechel posted a record 2014 net loss on Tuesday of $4.3 billion because of $3.9 billion in non-cash write-offs caused by a weaker rouble and assets sales.

  • MOSCOW, April 28- Russia's biggest Internet search engine Yandex said on Tuesday its first-quarter net profit fell 21 percent year-on-year to 2.1 billion roubles due to an increase in personnel and rent expenses. Yandex said the higher rent expenses were due to additional office space in Moscow that it began leasing in May 2014 and to the rouble weakening...

  • FRANKFURT, April 28- German truckmaker MAN SE swung to a first-quarter net loss, hit by a plunge in demand in Brazil, and said it expected market conditions there to remain tough until at least mid-year. The Volkswagen-owned company said on Tuesday truck deliveries in Brazil slumped 51 percent in the quarter as the local economy weakening, while orders tumbled 49...

  • EU president promises Moldova closer cooperation Tuesday, 28 Apr 2015 | 7:10 AM ET

    CHISINAU, Moldova— The EU president has promised Moldova closer cooperation with the European Union, while urging it to reform its justice system and banking sector and fight corruption. Donald Tusk called Moldova, which neighbors Ukraine and Romania, "a key... partner of the European Union." He later said it was the most promising of the EU's eastern partnership...

  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • ST PETERSBURG, Russia, April 27- Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, has no plans to ask for money from the National Wealth Fund, the company's head said on Monday. Alexander Dyukov told reporters in Russia's second city of St. Petersburg that Gazprom Neft had not and did not plan to ask for support from the National Wealth Fund.

  • ST PETERSBURG, Russia, April 27- President Vladimir Putin accused some of Russia's "quasi-partners" on Monday of counting on the country's collapse by cutting its banks off from the global financial system at a time when oil prices had plunged. Speaking in Russia's second city of St Petersburg, Putin said they had been proved wrong and the economy had easily...

  • Vostochny, under construction in a remote area in the Far East, is a priority project that will give Russia its own facility for manned space launches and ease its reliance on a launch pad in Kazakhstan. Deputy Prime Minister Dmitry Rogozin said on Sunday that 58 million rubles in wages is to be paid by April 30. On Monday, the regional prosecutor's office said...

  • Russia tightens ban on European food imports Monday, 27 Apr 2015 | 7:13 AM ET

    MOSCOW— Russia is set to tighten its ban on food imports from Europe by restricting re-exports of fruit and vegetables through European countries. The deputy head of Russia's agricultural regulator, Yulia Shvabauskene, says Russia has already stopped re-exports through Bulgaria because it suspects companies there of using false documents to get around...

  • LONDON, April 27- Stimulus hopes fuelled a 3 percent Chinese equity surge on Monday, boosting Asian currencies and pushing emerging stocks to 7-1/ 2- month highs, though Russian markets tumbled, with the rouble down 1.8 percent to the dollar. Taiwan, the third biggest component of MSCI index after China and South Korea, touched new 15- year highs.