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  • *Loans become political issue in Poland, Croatia. WARSAW/ ZAGREB, April 20- When the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by the hundreds of thousands of borrowers in eastern Europe who had taken out mortgages in the currency. The pressure is greatest in Croatia and Poland, the two countries with the biggest...

  • *Russia's rouble extends week-long rally. LONDON, April 10- Emerging equities were headed for a second consecutive weekly gain on Friday on a perception that the United States will not see higher interest rates until late in the year, bolstering the appeal of non-dollar assets. The MSCI emerging equities index was 0.4 percent higher, following strong trading in...

  • *Polish regulator in standoff with Raiffeisen. WARSAW, April 9- Austria's Raiffeisen Bank International has hit an obstacle in the shape of Andrzej Jakubiak, the Polish regulator who has already frustrated the plans of some of Europe's biggest lenders. The standoffs with the likes of Santander, the euro zone's biggest bank, also reflect self-confidence in a...

  • *Australia, China, UK viewed among likely next moves- experts. Apple Pay has taken the United States by storm since its launch in September, and the company has said it already accounts for around $2 out of every $3 spent using "contactless" payments on the three big U.S. card networks. "Every market will have different local players, different partnerships, different...

  • *U.S. Army deploys Patriot air defense battery near Warsaw. WARSAW, March 21- The U.S. Army Europe has deployed a Patriot missile defense battery near Warsaw as part of joint exercises with Poland aimed at reassuring the NATO member in light of the conflict in neighboring Ukraine. Poland, in NATO since 1999, does not have its own system to protect against ballistic...

  • *U.S. Army deploys Patriot air defence battery near Warsaw. WARSAW, March 21- The U.S. Army Europe has deployed a Patriot missile defence battery near Warsaw as part of joint exercises with Poland aimed at reassuring the NATO member in light of the conflict in neighbouring Ukraine. Poland, in NATO since 1999, does not have its own system to protect against ballistic...

  • SYDNEY, March 17- Pacific Islands devastated by Cyclone Pam at the weekend will be using the disaster to drive home the need for a globally funded insurance pool to aid in the recovery from such events when they attend climate-change talks in Paris later this year. Ian Fry, the chief climate-change negotiator for the tiny island nation of Tuvalu, said the...

  • 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...

  • *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...

  • 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...

  • NY Gov Cuomo readies mission to Cuba: Report Saturday, 17 Jan 2015 | 3:31 PM ET
    A man pushes his tricycle taxi with a U.S flag on a street in Havana December 18, 2014.

    NY's Governor Andrew Cuomo is expected to announce a trade mission to the Caribbean island, the Wall Street Journal reported on Saturday.

  • 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...