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  • 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...

  • Airbus says net profit soared in 2014 Friday, 27 Feb 2015 | 3:29 AM ET

    PARIS— Airbus says its net profit soared 59 percent last year as a record-high number of jet deliveries helped offset a 551 million euros end-of-year charge against its delayed A400M military transporter program. At the same time Airbus will cut production of its wide-body A330 series to six a month from early next year, from the current rate of 10 a month.

  • BERLIN— Germany's Parliament overwhelmingly approved the four-month extension of Greece's financial bailout on Friday, despite unease over the new government in Athens. Greece was granted the extension by its European creditors, ensuring it remains solvent and does not run the risk of falling out of the euro, but only in exchange for a commitment to budget...

  • WASHINGTON, Feb 27- A significant majority of Americans say combating climate change is a moral issue that obligates them- and world leaders- to reduce carbon emissions, a Reuters/ IPSOS poll has found. The result of the poll suggests that appeals based on ethics could be key to shifting the debate over climate change in the United States, where those demanding...

  • *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • Brent approaches $61, set to end 7-month losing streak Thursday, 26 Feb 2015 | 9:24 PM ET

    *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • OSLO, Feb 26- A natural cooling of the Pacific Ocean has contributed to slow global warming in the past decade but the pause is unlikely to last much longer, U.S. scientists said on Thursday. Examining temperatures of the Pacific and Atlantic Oceans back to 1850, which have natural swings in winds and currents that can last decades, the scientists said a cooler...

  • *Germany's DAX share index sets new record high. *Royal Bank of Scotland falls after reporting losses. Germany's DAX set a new life-time high, the pan-European FTSEurofirst 300 and the broader STOXX 600 share indexes climbed to their highest level in more than seven years, and France's CAC touched its highest level since mid-2008.

  • After months in which Kiev has been faithfully paying for gas and Moscow reliably supplying it under a deal brokered by the European Union, this week has seen the quarrel erupt anew. Russia, which has cut off the gas three times in the past decade, including for six months last year, has once again threatened to switch off supplies unless Ukraine sends more money...

  • European stocks set new multi-year highs, InBev helps Thursday, 26 Feb 2015 | 10:26 AM ET

    *Royal Bank of Scotland fall after reporting losses. LONDON, Feb 26- Major European share indexes climbed to new multi-year highs on Thursday, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharply higher dividend and a share buyback plan. Belgium- based InBev rose 3.2 percent after...

  • Journalist to face court after Paris drone incident Thursday, 26 Feb 2015 | 10:21 AM ET

    PARIS— An Al-Jazeera journalist will face court for illegally flying a drone in Paris, amid a spate of drone flyovers that have confounded French authorities amid heightened security concerns. The Paris prosecutor's office says three journalists for Qatar- based broadcaster Al-Jazeera were released Thursday, a day after they were detained.

  • Minimum wages in EU highlight huge economic differences Thursday, 26 Feb 2015 | 8:44 AM ET

    BRUSSELS— Minimum wages across the European Union highlight the vast economic differences across the member states with a ten-fold difference between Bulgaria and Luxembourg. The EU's statistical agency Eurostat said Thursday that while the minimum monthly wage in January stood at 184 euros in Bulgaria, it was 1,923 euros in Luxembourg.

  • *Porsche still faces other damage claims in Germany. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE of camouflaging a plan to acquire Volkswagen and secretly piling up a holding in Europe's largest automaker during 2008.. The case combining 1.36 billion...

  • BERLIN— Greece's four-month bailout extension should get wide, if unenthusiastic, support in the German Parliament after a large majority of lawmakers in Chancellor Angela Merkel's conservative bloc signaled their backing on Thursday. Key creditor Germany has advocated unpopular spending cuts and insisted that aid must come with strings attached.

  • *Allianz drops as dividend hike disappoints. LONDON, Feb 26- European shares rose on Thursday as a rally in metals prices pushed basic resources stocks higher, sending the pan-European FTSEurofirst 300 to a new multi-year high and Germany's DAX to a record peak. The STOXX Europe 600 Basic Resources index rose 1.6 percent, to be the top sectoral gainer, after copper...

  • The Federation of German Consumer Organizations said it has sent a cease-and-desist letter to Facebook's European headquarters in Ireland. The California- based company has faced regular legal challenges from privacy advocates in Europe. Facebook told The Associated Press in an emailed statement it was reviewing the complaint, but was surprised that it "...

  • BRUSSELS, Feb 26- The European Union said on Thursday it was escalating a dispute with Russia at the World Trade Organization over what it said were excessive import duties on paper products, refrigerators and palm oil. The challenge is the latest in a series of WTO disputes with Russia, the EU's third-biggest trading partner, since Moscow joined the body in 2012,...

  • Russia could cut off gas to Ukraine by 'end of week' Thursday, 26 Feb 2015 | 6:15 AM ET

    MOSCOW— Russia could cut off supplies to neighboring Ukraine by the end of the week if it does not get further payments from the country, state-owned gas company Gazprom said Thursday. Spokesman Sergei Kupriyanov said in televised remarks that "if no new funds are received from Kiev, then naturally we cannot continue delivering gas to Ukraine."

  • *Consumer morale improve in Germany, France, Italy. FRANKFURT, Feb 26- Bank lending in the euro zone fell slightly in January but at a slower pace than a month earlier, suggesting the economy may be turning a corner as consumer morale picks up in the bloc's largest economies. European Central Bank President Mario Draghi said late on Wednesday that "all in all, the...