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Eastern Europe

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  • WARSAW, Aug 20- Poland believes Russia may be seeking to extend its ban on imports of food products from the European Union to goods in transit through Russia, Deputy Prime Minister Janusz Piechocinski said on Wednesday.

  • KIEV, Aug 20- Ukraine's conflict with separatist rebels is draining the economy by the day and hampering efforts to implement reforms as required by an IMF bailout program, Prime Minister Arseny Yatseniuk said on Wednesday.

  • *Expects recession, fighting in Ukraine to hurt results. MOSCOW, Aug 20- Russia's biggest mobile phone operator MTS cut full-year sales and core profit forecasts on Wednesday, citing instability in Ukraine, its second-biggest market.

  • European shares dip as Carlsberg warns on Russia profits Wednesday, 20 Aug 2014 | 8:00 AM ET

    LONDON/ PARIS Aug 20- European shares dipped on Wednesday, ending a two-day rally, with investors rattled by Carlsberg warning that profits would fall this year due to deteriorating conditions in Russia.

  • BERLIN, Aug 20- German exports to Russia plunged in the first half of 2014, led by a sharp fall in car and machinery shipments, amid an escalating standoff between the West and Moscow over Ukraine. The value of German shipments to Russia fell 15.5 percent to 15.3 billion euros in the first six months of the year, data from the Statistics Office showed.

  • BERLIN, Aug 20- German exports to Russia plunged in the first half of 2014, led by a sharp fall in car and machinery shipments, amid an escalating standoff between the West and Moscow over Ukraine. The value of German shipments to Russia fell 15.5 percent to 15.3 billion euros in the first six months of the year, data from the Statistics Office showed.

  • Russia economic funk ripples out through ex-Soviet states Wednesday, 20 Aug 2014 | 7:18 AM ET

    Her husband, who labours on a construction site in Moscow's Schelkovo suburb, usually sends 15,000 roubles home to Tajikistan every month. She says another brother-in-law, a supermarket worker in Moscow, recently had his salary cut, as Russia's deepening economic gloom bites into consumer and housing demand.

  • FOREX-Dollar breaks out to 11-month highs, eyes on Fed Wednesday, 20 Aug 2014 | 4:18 AM ET

    *All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.

  • European shares dip; Carlsberg hit by Russia concerns Wednesday, 20 Aug 2014 | 4:12 AM ET

    PARIS, Aug 20- European shares dipped in early trade on Wednesday, ending a sharp two-day rally, with investors rattled after Carlsberg issued a profit warning, blaming deteriorating conditions in Russia.

  • Drop in Russian beer sales hurts Carlsberg Wednesday, 20 Aug 2014 | 3:30 AM ET

    COPENHAGEN, Denmark— Beer sales in Russia, Ukraine and other Eastern European countries are down and expected to keep falling as political tensions weigh on the region's economy, brewer Carlsberg said Wednesday.

  • Japanese government bonds attract overseas buyers Wednesday, 20 Aug 2014 | 3:13 AM ET

    Data from the Japan Securities Dealers Association showed that foreign net purchases of JGBs, excluding treasury bills, totalled 1.28 trillion yen, the largest amount since June 2012.

  • SINGAPORE, Aug 20- Gold was stuck firmly below $1,300 an ounce on Wednesday and looked likely to extend losses to a fourth session as strong U.S. economic data bolstered stock markets, dimming bullion's appeal as a safe haven. *Spot gold had slipped about 70 cents to $1,294.60 an ounce by 0026 GMT, after dropping 1.3 percent in the last three sessions.

  • Depositors at troubled Corpbank protest across Bulgaria Tuesday, 19 Aug 2014 | 12:01 PM ET

    SOFIA, Aug 19- Hundreds of angry depositors at Bulgaria's Corporate Commercial Bank staged protests in Sofia and several other cities on Tuesday, demanding access to their accounts that have been frozen since the bank was shut down in June.

  • Dutch review energy ties with Russia after MH17 crash Tuesday, 19 Aug 2014 | 10:37 AM ET

    AMSTERDAM, Aug 19- The Netherlands is reviewing its extensive energy ties with Russia after the shooting down of Malaysian Airlines flight MH17 in eastern Ukraine a month ago in an attack that killed nearly 200 Dutch nationals, officials and analysts said.

  • LONDON/ HELSINKI/ COPENHAGEN, Aug 19- Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports.

  • MOSCOW, Aug 19- Ukraine, one of the world's largest grain exporters, will lose 15 percent of its grain crop in the violence-hit regions of the country's east, a spokesman for Ukrainian Prime Minister Arseny Yatseniuk said.

  • DUHOK, Iraq/ ANKARA, Aug 19- The capacity of Iraqi Kurdistan's independent oil pipeline will almost double to at least 200,000 barrels per day by the end of this month, increasing the semi-autonomous region's exports and revenue, industry sources and officials said.

  • MOSCOW, Aug 19- Ukraine is losing 15 percent of its 2014 grains crop due to fighting with pro- Moscow separatists in its eastern regions and Russia's annexation of the Crimea peninsula, Prime Minister Arseny Yatseniuk said. He was speaking during a meeting with farmers in the Cherkasy region in central Ukraine on Tuesday.

  • WARSAW, Aug 19- Poland's central bank should put aside any concerns about the zloty and consider a one-off interest rate cut to counter threats to growth from the Ukraine conflict and elsewhere, central banker Anna Zielinska-Glebocka said.

  • Palladium steadied near a 13- year high of $900 an ounce hit in the previous session, supported by worries over supplies from top producer Russia and strong demand prospects.