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  • PARIS, July 31- French President Francois Hollande said on Friday no agreement had been reached yet on the cancellation of a Mistral helicopter carriers deal with Russia and that he would take a decision in the coming weeks. Russian media had reported earlier on Friday that Paris and Moscow had reached a compensation deal for the cancellation of the delivery of...

  • TBILISI, July 31- Georgia's economic growth slowed to 2.6 percent in the first half of this year compared with 6 percent in the same period last year, the National Statistics service said on Friday. Gross domestic product grew 4.7 percent last year, missing the government's initial forecast of 6 percent. Georgia, which is traversed by pipelines carrying Caspian...

  • *OPEC output up more than 1.7 mln bpd since policy shift. LONDON, July 31- OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices. OPEC supply has risen in July to 32.01 million barrels per day...

  • PARIS, July 31- French Prime Minister Manuel Valls said "important decisions" on the cancellation of a Mistral helicopter carriers deal with Russia would be taken soon. Russian media had reported earlier on Friday that Paris and Moscow had reached a compensation deal for the cancellation of the delivery of two French-made Mistral helicopter carriers,.

  • LONDON, July 31- Oil prices fell on Friday as concern over global oversupply intensified after oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. "All commodities are down," said Abhishek Deshpande, oil analyst at Natixis. Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after...

  • MOSCOW— The Russian central bank cut its key interest rate by 0.5 percentage points to 11 percent on Friday, bowing to the pressure of businesses to make lending more accessible. Moscow- based investment bank Sberbank CIB said in a note to investors that Friday's 0.5 percentage cut is not as big as anticipated, indicating that the central bank wants to "play it safe"...

  • LONDON, July 31- Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. Badri said rising demand would prevent a further fall in oil prices and suggested cuts in OPEC output would not have much impact on the market.

  • MOSCOW— A Kremlin official says that Russia is working to upgrade air defense missiles intended for Iran. Russia in 2010 froze a deal to supply S-300 missile systems to Iran, linking the decision to U.N. sanctions. President Vladimir Putin lifted the suspension in April after a framework Iran nuclear agreement, which earlier this month was followed by the final...

  • MOSCOW— A Kremlin aide says Russia and France have agreed on a refund amount for an undelivered French warship. French President Francois Hollande has acknowledged that France will have to give Russia a refund if it doesn't deliver the warship, whose handover to Russia was suspended last year over the Ukrainian crisis. The 1.2 billion euro deal was supposed to...

  • *Russia, OPEC did not discuss coordination. *OPEC received no request for extraordinary meeting. Oil has dropped about 15 percent this month and halved in value in the past year but neither OPEC nor Russia, the world's top producer, have cut output to support prices, hoping cheaper oil will hit U.S. shale and other rival sources.

  • OPEC chief expects oil prices to stabilize Thursday, 30 Jul 2015 | 11:05 AM ET

    MOSCOW— OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops. OPEC decided in June not to cut production, in a bid to retain its share of the global market in the face of a boom in shale oil production in the U.S. Russia, which is not part of OPEC but is the world's top crude producer and depends...

  • MOSCOW— The Russian ruble is falling under the pressure of cheaper oil, reviving concerns over the country's economic outlook, particularly the perniciously high inflation rate. The ruble was down 0.9 percent in Moscow trading on Thursday, at 59.2 rubles against the dollar. An "excessive" drop in the ruble would not be politically palatable, analysts from the...

  • District Judge Richard Berman ruled at the close of a hearing in federal court in Manhattan that the case against Evgeny Buryakov could go forward. Buryakov, 40, has pleaded not guilty to conspiracy and other charges alleging he purposely failed to register as a foreign agent to conceal his true role as a covert operative embedded at a Manhattan branch of...

  • US extends JP Morgan bank breach investigation Wednesday, 29 Jul 2015 | 9:51 AM ET
    One of two Israeli men charged with the hacking of the JPMorgan Chase bank attends a court hearing, on July 22, 2015 in Jerusalem.

    The investigation into the suspects of last year's online attack against JPMorgan Chase continues, The New York Times reports.

  • MOSCOW— Russia's security chief says the Islamic State group has recruited nationals of more than 100 countries, posing a long-term threat to global stability. Alexander Bortnikov, the head of the Federal Security Service, or FSB, the main KGB successor agency, said at Wednesday's security conference that IS's aim is to create a global network of sleeper cells...

  • KIEV, July 29- After more than a year of fighting in eastern Ukraine, the country's regular army remains disorganised and poorly equipped. "The Defence Ministry needed to test underpants for a year before approving them for use. When Moscow annexed Crimea and conflict erupted in Ukraine's east, Kiev had outdated Soviet equipment and just 180,000 troops, of whom...

  • *Many dislike current Kiev government and Ukrainian elite. KIEV, July 29- From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. Dressed in a colourful peasant-style shirt, Korchynsky told Reuters that he follows orders from the Interior Ministry, and that his...

  • MOSCOW, July 29- Russia's central bank said on Wednesday it had stopped its operations to replenish its international reserves from Tuesday because of a rise in market volatility. It said at the launch of the operations that it would buy between $100 and $200 million a day but has typically been purchasing $200 million. Dmitry Polevoy, an economist at ING Bank in...

  • Will Russia hold rates on Friday? Tuesday, 28 Jul 2015 | 11:40 AM ET
    Will Russia hold rates on Friday?

    Joseph Dayan, head of markets at BCS Financial Group, explains why he thinks Russia's central bank will "pause and wait" when it comes to cutting interest rates.

  • *GDP down 4.2 pct year on year in June. MOSCOW, July 28- The sharp decline in Russia's economy may have almost run its course, official data showed on Tuesday, slowed by a huge devaluation of the rouble and heavy government spending on anti-crisis measures. The economy has slumped as a result of Western sanctions linked to the Ukraine conflict and last year's...