The Ukrainian rebels are already equipped with modernized weaponry but the sale of military equipment to Russia is difficult to justify, says Carl Bildt, Swedish foreign minister.» Read More
LUXEMBOURG- Meeting of the Economic and Financial Affairs Council. BRUSSELS- ECB Executive Board member Yves Mersch speaks at the panel discussion on "What form of fiscal capacity does the EMU need? of the conference "Economic shock absorbers for the Eurozone: Deepening the debate on automatic stabilisers" in Brussels, Belgium.
*Commission to seek talks first with Ukraine, then Russia. BRUSSELS, June 17- The European Union's top negotiator in the gas price row between Russia and Ukraine is working to bring the two sides together again before mid-July, but said a weekend of bloodshed in Ukraine had made the task far harder.
*Volvo aims to beat China sales target for 2014- executive. A senior Volvo executive said the Swedish automaker would start exporting Chinese-made sedans, a long-wheel-based version of the S60 called the S60L, to the United States and the XC90 utility crossover to Russia as early as the end of next year.
MOSCOW- NORWAY'S STATOIL CEO LUND SAYS COULD INCREASE GAS SUPPLIES TO EUROPEAN UNION BUT COULD NOT REPLACE RUSSIAN GAS.
Volvo plans to start exporting Chinese-made cars to the United States and Russia as early as late next year, said the executive who requested anonymity because he is not authorised to speak with reporters.
*Russia and Ukraine fail to agree on gas price. KIEV/ GORKI, Russia, June 16- Russia cut off gas to Ukraine on Monday in a dispute over unpaid bills that could disrupt supplies to the rest of Europe and set back hopes for peace between the former Soviet neighbours.
*Russia and Ukraine fail to agree on gas price. KIEV/ GORKI, Russia, June 16- Russia cut off gas to Ukraine on Monday in a dispute over unpaid bills that could disrupt supplies to the rest of Europe and set back hopes for peace in the former Soviet republic.
KIEV/ GORKI, Russia, June 16- Russia cut off gas to Ukraine on Monday in a dispute over unpaid bills that could disrupt supplies to the rest of Europe and set back hopes for peace in the former Soviet republic.
MOSCOW, June 16- Russian natural gas exporter Gazprom reduced supplies to Ukraine on Monday after Kiev failed to meet a deadline to pay off its gas debts in a dispute that could disrupt supplies to the rest of Europe.
RUSSIA'S GAZPROM SAYS IT HAS FILED A LAWSUIT IN STOCKHOLM ARBITRATION COURT TO TRY TO RECOVER UKRAINE'S $4.5 BLN DEBT FOR GAS.
LONDON- Bank of England Governor Mark Carney says that British interest rates could rise sooner than financial markets expect in a surprisingly stark warning that monetary policy may start to tighten within months. -MARKETS- UK/ REACTION, moved, by Anirban Nag, 480 words.
Treasury Under Secretary for Domestic Finance Mary Miller speaks before the 42nd Annual National Housing Conference Policy Symposium- 1315 GMT. DUBROVNIK, Croatia- 20th Dubrovnik Economic Conference organized by the Croatian National Bank in Dubrovnik, Croatia.
*Takata says more vehicles could be recalled. *7 million cars with Takata air bags recalled in last 5 years. TOKYO/ DETROIT, June 11- Takata Corp's safety crisis deepened on Wednesday after Toyota Motor Corp recalled almost 2.3 million vehicles globally, many for the second time, and the Japanese air bag maker warned that further fixes may be needed.
*Inditex sales up 11 pct from Feb to June 8. *Inditex to launch online in South Korea, Mexico, Tmall. MADRID, June 11- The world's two top fashion retailers Zara owner Inditex and Hennes& Mauritz reported strong sales growth on Wednesday, benefiting from a recovery in consumer spending in their core markets in Europe.
Treasury Secretary Jack Lew speaks before a breakfast meeting of the Economic Club of New York in New York. CAMBRIDGE, United States- U.S. Treasury Office of Financial Research Director Richard Berner speaks before the Inaugural Annual Public Conference of the Consortium for Systemic Risk Analytics in Cambridge- 1330 GMT.
LONDON- Bank of England's Andrew Gracie speaks to British Bankers Association cyber security conference- 0915 GMT. Speakers:- Portugal Finance Minister Maria Luis Albuquerque, IMF European Department Director Reza Moghadam, ECB Board Member Yves Mersch and National Bank of Poland President Marek Belka.
ASTANA/ ALMATY/ KYZYLORDA- European Bank for Reconstruction and Development President Sir Suma Chakrabarti visits Kazakhstan. PALM BEACH, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy before the Tennessee Bankers Association annual meeting- 1310 GMT.
WASHINGTON, June 6- The U.S. Food and Drug Administration said on Friday it approved Biogen Idec Inc's long-lasting hemophilia A drug, Eloctate, adding another product to the company's nascent portfolio of drugs for non-malignant blood disorders. The FDA's ruling followed its approval in March of Biogen's hemophilia B treatment, Alprolix.
WARSAW/ PARIS- French President Francois Hollande plans to raise concerns about a possible $10 billion- plus U.S. fine on BNP Paribas that he considers disproportionate with U.S. counterpart Barack Obama.
STOCKHOLM, June 4- Based in high-cost Sweden and serving a global auto industry notorious for forcing down prices, Autoliv, the world's top car safety equipment maker, still achieves margins that some of its customers and rivals can only dream of.