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  • LONDON, March 5- Emerging market stocks fell to a three-week low on Thursday as a buoyant dollar and China calling its lowest growth for 25 years a' new normal' soured the mood among investors. The MSCI emerging equities index was 0.2 percent lower at a level last seen in mid February, while the Asia excluding Japan benchmark, fell 0.4 percent. Shares in Turkey's...

  • WARSAW, Poland— Poland's central bank has cut its key interest rate by half a percentage point to a historic low of 1.5 percent amid concerns over deflation, a sustained drop in consumer prices that can hurt the economy. The National Bank of Poland's move to slash its reference rate surprised many given that most economists expected a cut of 0.25 percentage...

  • *Domestic demand already driving Hungary, Poland. WARSAW, Mar 2- Central Europe's manufacturing expanded in February, a series of reports showed, and an expected economic recovery in the euro zone, the region's largest export market, should help it continue to grow. The Purchasing Managers' Index for manufacturing in Poland, the region's biggest economy, eased...

  • MOSCOW— Cash-strapped Ukraine sought to buy time in its effort to ensure continued gas supplies from Russia, making a $15 million payment Friday to Moscow as it waits for international rescue loans to arrive. That increases the pressure on Ukraine to strike a deal at a meeting Monday with Russian officials in Brussels— a showdown that comes amid rising fears in...

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • *UBS, Credit Suisse expand off-shoring centers in Poland. WARSAW/ KRAKOW, Feb 15- Swiss financial titans UBS and Credit Suisse are expanding their operations in provincial Poland in a cost-saving drive made more urgent by the surge in the value of the Swiss franc. Even before the Swiss central bank abandoned its cap on the currency in January, the cost of taking on...

  • LONDON/ BUDAPEST, Jan 23- Hungarian Prime Minister Viktor Orban has long irritated European Union partners with economic policies that have burned foreign banks operating in Hungary. Such policies were contributing factors in the banks, including Austria's Raiffeisen and Erste and a unit of Italy's Intesa Sanpaolo, taking write-downs on their Hungarian...

  • ZAGREB, Jan 23- Damir Hajduk likens paying off his mortgage to the tale of Sisyphus in Greek mythology, condemned forever to push a boulder uphill, only for it to roll back down again and again. Hajduk is one of 60,000 borrowers in Croatia, and many hundreds of thousands across ex-Communist Central and Eastern Europe, who took out home loans denominated in Swiss...

  • WARSAW/ ZAGREB, Jan 21- Croatia could convert mortgages denominated in Swiss francs into the local kuna currency, it said on Wednesday, scrambling to cope with a surge in the franc's value that has hit hundreds of thousands of homeowners across central and eastern Europe. In Poland- the country worst affected by the Swiss National Bank's surprise decision last...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • WARSAW, Jan 20- Poland pressed its banks on Tuesday to provide relief for half a million homeowners faced with soaring repayments on mortgage loans denominated in Swiss francs and ordered an investigation into the lending practice. A surge in the value of the franc since the Swiss National Bank scrapped its cap against the euro last week has seen mortgage...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were meeting the finance minister, regulators and Central...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central...

  • WARSAW/ VIENNA, Jan 15- Polish lenders may take the biggest hit in central Europe from the Swiss National Bank's sudden move to scrap its cap on the franc on Thursday, after Hungary forced lenders late last year to convert their mortgages in francs into forints. Poland's stock of Swiss franc-denominated mortgages stood at about $36 billion at the end of last...

  • WARSAW, Jan 5- Weaker growth in Hungarian manufacturing led a slowdown in central European factory output in December as falling oil costs failed to offset the drag from the euro zone's malaise and the crisis in Russia. The Manufacturing PMI index for Poland, the region's largest economy, eased to 52.8 last month from 53.2 in November, data compiled by Markit and...

  • ABINSK, Russia, Dec 28- As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples. A day after Russia decreed Polish apples forbidden, Gennady Timchenko, who made a fortune from oil trading during Putin's years in power, applied to buy a large stake in one of Russia's biggest apple producers.

  • LONDON, Dec 16- Russia's failed defense of the rouble and a plummeting oil price added to a global emerging markets rout on Tuesday that sent bourses lower in Asia, the Middle East and Europe. The MSCI emerging stocks index traded 1.6 percent lower, on track for an eighth day in the red while the Asia excluding Japan benchmark dropped 0.7 percent.

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • OMISALJ, Croatia, Dec 10- Spurred by the demise of Russia's South Stream gas pipeline project, Croatia has revived a decade-old idea of building a liquefied natural gas import terminal at the deepwater oil port of Omisalj on the island of Krk. But the Ukraine crisis and the collapse of South Stream have refocused minds in central and eastern European nations on...

  • Investing in digital tech  Friday, 5 Dec 2014 | 4:10 AM ET

    MCI Management is a venture capital fund business that focuses on digital economy and the tech sector. CIO Tomasz Czechowicz explains more.