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  • OBAMA SAYS EUROPEAN COUNCIL NEEDS TO KEEP CURRENT SANCTIONS AGAINST RUSSIA IN PLACE UNTIL MINSK AGREEMENT HAS BEEN FULLY IMPLEMENTED.

  • LONDON, April 17- The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/ 2- month highs against the dollar, while Russian equity markets also slipped. "The rouble has appreciated so much recently that from the point of view of the central bank and government it makes sense to try and cap it so as not to...

  • LONDON, April 17- Nestle became the third European food company to report better-than-expected first-quarter sales on Friday, adding to evidence that the sector is moving past the troubles of 2014.. Last year, makers of consumer packaged goods were hammered by slowed economies, including in once-hot markets such as Brazil and China. "Another European food Q1...

  • MOSCOW, April 17- Russian railcar manufacturer United Wagon Company plans to float at least 10 percent of its shares on the Moscow exchange, it said on Friday, representing Russia's first initial public offering in more than a year. Russia's most recent IPO was by budget hypermarket chain Lenta in February last year, weeks before Moscow annexed the Crimea region...

  • BEIJING, April 17- Chinese automaker Geely is set to start producing a small crossover utility vehicle late next year- the first car to be built using a common platform jointly developed with Volvo. Geely's cooperation with Volvo, a storied brand best known for its focus on safety, is seen as a possible model for Chinese companies trying to digest and manage...

  • April 16- Philip Morris International Inc's shares are on track for their best day in over six years after the maker of Marlboro cigarettes raised its full-year profit forecast as it sold more cigarettes at higher prices, especially in Europe. Philip Morris's shares rose as much as 8.3 percent on Thursday, their biggest intraday percentage gain since November...

  • LONDON, April 16- Britain's Serious Fraud Office charged a UK subsidiary of Paris- listed French engineering group Alstom with four further criminal offences of corruption and conspiracy to corrupt in a drawn-out investigation that has swung to Hungary. The SFO, which has already charged two UK- based Alstom units and four former employees with alleged...

  • MOSCOW, April 16- President Vladimir Putin tried to reassure Russians over the ailing economy and said Washington wanted "vassals" rather than allies in his annual phone-in on Thursday, but offered no new financial remedies and gave no ground over Ukraine. For nearly four hours, the Russian leader fielded mostly tame questions from across the country on...

  • Prime Minister Narendra Modi announced last week that India would buy 36 French Rafale jets for an estimated $4.3 billion, in effect ending talks on a larger deal for 126 planes that would have sucked up some $20 billion and locked rivals out of the market for a generation. Saab was proposing to establish "fully-fledged production" of the Gripen in India...

  • MOSCOW, April 16- President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, despite Western sanctions which he said were intended to "contain" his country. In a confident performance during a televised call-in show, Putin sounded defiant and patriotic, assuring viewers that Russia will survive an economic crisis...

  • Pro-Russian journalist gunned down in Ukraine's capital Thursday, 16 Apr 2015 | 7:50 AM ET

    MOSCOW— A Ukrainian journalist known for his pro-Russian views was gunned down Thursday in broad daylight in Kiev, local police said, a day after a pro-Russian lawmaker was found dead. Russian President Vladimir Putin, during his annual televised call-in show, was informed by the moderator of reports of Buzyna's death and immediately said "this is not the first...

  • 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...