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  • KIEV, Feb 12- Ukrainian Prime Minister Arseniy Yatseniuk said on Thursday that a forthcoming IMF aid package presupposes "very difficult" reforms to fight corruption, overhaul the energy sector, cut state expenditure and reduce state bureaucracy. Yatseniuk said Ukraine expected $25 billion of IMF financial support as part of a four-year facility, including...

  • YATSENIUK SAYS FORTHCOMING IMF PROGRAMME PRESUPPOSES "VERY DIFFICULT" REFORMS TO FIGHT CORRUPTION, OVERHAUL THE ENERGY SECTOR, CUT STATE EXPENDITURE AND REDUCE STATE BUREAUCRACY.

  • YATSENIUK SAYS UKRAINE EXPECTS $25 BILLION OF IMF FINANCIAL SUPPORT IN FOUR-YEAR FACILITY, INCLUDING $17.5 BILLION TO STABILISE FINANCIAL SITUATION IN COUNTRY.

  • UKRAINE PM YATSENIUK, SPEAKING OF FUTURE IMF AID PACKAGE, SAYS 2016 COULD BE YEAR OF ECONOMIC GROWTH IF "RUSSIAN AGGRESSION" IS HALTED AND INTERNAL REFORMS ARE A SUCCESS.

  • STOCKHOLM, Feb 12- Sweden's central bank cut its main interest rate to -0.10 percent from zero on Thursday and said it would buy 10 billion crowns of government bonds and was prepared to do more at short notice to safeguard its inflation target. The decision surprised markets, which had expected no change in rates. After holding the repo rate at zero on Dec. 16, the...

  • OSLO, Feb 12- An explosion aboard a BW Offshore's oil and gas production vessel in Brazil has killed five people and four workers are still missing, the firm said in a statement on Thursday. The floating production storage and offloading vessel, working for Petrobras suffered an explosion on Wednesday, which also injured ten workers, two of whom are in critical...

  • MOSCOW, Feb 12- Confusion reigned on Russian markets on Thursday, with the rouble sliding and shares wobbling, as uncertainty over the outcome of peace talks in Minsk over the Ukraine crisis put market participants on edge. Ukrainian President Petro Poroshenko said certain conditions set by Russia at the talks in Minsk were unacceptable, denting earlier...

  • MELBOURNE, Feb 12- London copper firmed in thin trade on Thursday as demand slowed ahead of the Lunar New Year and as talks over Greece's debt crisis stalled. "I'm still optimistic we'll see some post- Chinese new year activity in terms of both Chinese import demand and industrial activity in general, though my expectations have been tempered a bit by the recent...

  • *Euro dips as Greece meeting ends without agreement. LONDON, Feb 12- The euro dipped on Thursday after regional finance ministers failed to secure a debt agreement with Greece, while investors readied for a possible interest rate cut in Sweden. After a seven-hour meeting, euro zone finance ministers were unable to agree with Greece on a way to break the deadlock...

  • *Low labor costs helped Pegatron win Apple orders- NGO. TAIPEI, Feb 12- A labor rights group said Apple Inc is unable to effectively monitor standards along some of its supply chain, allowing companies such as Taiwanese assembler Pegatron Corp to keep base wages below local living expenses. Low costs helped Pegatron win business from Apple, who moved some orders...

  • European shares steady; Credit Suisse, Renault surge Thursday, 12 Feb 2015 | 3:13 AM ET

    PARIS, Feb 12- European shares were steady in early trading on Thursday, with investors focusing on a big batch of quarterly results from companies including EDF, Rio Tinto and Credit Suisse. Shares in Credit Suisse rose 4.5 percent after the lender outlined measures to deal with the strong Swiss franc and posted fourth-quarter net profit ahead of analysts'...

  • Total takes $6.5B impairment, slashes costs Thursday, 12 Feb 2015 | 3:07 AM ET

    French oil major Total took a $6.5 billion writedown in the fourth quarter, mainly on its North American oil sands and shale assets.

  • HONG KONG, Feb 12- Hong Kong shares finished higher on Thursday as telecommunication shares jumped on speculation of industry consolidation. Shares of China Unicom Hong Kong Ltd and China Telecom Corp Ltd surged more than 5 percent at one point on rumours that they would merge, but both stocks gave up some of their gains after China's telecoms regulator denied...

  • LONDON, Feb 12- Imperial Tobacco Group reported a 4 percent decline in underlying tobacco volumes for its fiscal first quarter, in line with its broader markets, and stood by its outlook for the year. It blamed the timing of price increases, reduced trading in Iraq and lower sales of mass-market cigars in the United States ahead of a brand relaunch.

  • Aluminium overtakes copper for No.2 spot at Rio Tinto Thursday, 12 Feb 2015 | 3:03 AM ET

    SYDNEY, Feb 12- Rio Tinto has been struggling for years to recover from the $38 billion purchase that elevated it to the world's biggest aluminium company but also brought it to the verge of bankruptcy. In Rio Tinto's financial results on Thursday, data showed aluminium had surpassed copper as the second biggest contributor to underlying earnings- $1.25...

  • PARIS, Feb 12- French oil major Total took a $6.5 billion writedown in the fourth quarter, mainly on its North American oil sands and shale assets, and announced cost cuts across the board to cope with weaker oil prices. Total, whose long-serving Chief Executive Christophe de Margerie died in a plane crash in Moscow last October, is the last of the Western world's...

  • UPDATE 1-Russia to drag on Legrand sales in 2015 Thursday, 12 Feb 2015 | 2:55 AM ET

    PARIS, Feb 12- Power switch and socket maker Legrand said challenging prospects in Russia and difficult conditions in mature European markets would drag on 2015 revenue growth as it delivered full-year profit that undershot expectations. Russia accounted for 3.4 percent of Legrand's sales in 2014. Business was nevertheless going well in the United States,...

  • BEIJING, Feb 12- China's installed capacity for grid-connected wind power rose nearly 26 percent to 96.37 gigawatts in 2014, accounting for 7 percent of the country's total, the National Energy Administration said on Thursday. The nation is on track to meet a wind capacity target of 100 GW set in its 2011-2015 "five-year plan" for the energy sector after a rapid...

  • SINGAPORE/ SHANGHAI, Feb 12- The world's big three iron ore miners appear to be entering the final phase of a fight to increase market share in China as massive expansions drive more high-cost rivals out of business. However, cracks are starting to appear in even China's resilient state-mining sector, where mines can have production costs 20-50 percent above the...

  • MOSCOW, Feb 12- The Russian rouble slid early on Thursday, erasing gains made late in the previous session, as uncertainty over the outcome of peace talks in Minsk over the Ukraine crisis put market participants on edge. A document seen by Reuters at talks on the Ukraine crisis suggested the sides may agree to end fighting in eastern Ukraine with a ceasefire...