Europe News Eastern Europe

  • IN THE BALTIC SEA, Sweden, Sept 16- With each 24- tonne steel pipe laid on the seabed of the Baltic Sea, the vessel Solitaire is edging closer to what could be a costly hold-up for the Russian-led gas pipline project which has divided the European Union. The crew onboard the Solitaire expect to reach Danish waters early next month, but Denmark has yet to approve the...

  • finger at Iran for attack@. *Washington accuses Iran of attack on global economy. DUBAI, Sept 16- An attack on Saudi Arabia that shut 5% of global crude output caused the biggest surge in oil prices since 1991, after U.S. officials blamed Iran and President Donald Trump said Washington was "locked and loaded" to retaliate.

  • Sept 16- Kazakh financial group Kaspi.kz, which controls the Central Asian nation's third-largest lender Kaspi Bank, said it plans to list its shares in London this year. Kaspi.kz is a major player in Kazakh payment systems and e-commerce, while Kaspi Bank is a retail-focused lender. Its listing would boost London's stock market, where few companies have tried...

  • PRAGUE, Sept 16- Central European currencies edged lower on Monday with markets cautious after global oil prices spiked following attacks on crude facilities in Saudi Arabia, although losses were limited with expectations the region's growth and rates can add support. Stock markets in the region were mixed, with Warsaw's blue-chip WIG20 down 0.4% while...

  • PRAGUE, Sept 13- Central European currencies steadied on Friday after rallying when the European Central Bank cut interest rates deeper into negative territory and promised more bond purchases, while the region's yields ticked back up. The ECB's launch of further stimulus to stoke a euro zone economic recovery, which has lagged solid growth in central Europe,...

  • PRAGUE, Sept 13- Central European currencies steadied on Friday after rallying when the European Central Bank cut interest rates deeper into negative territory and promised more bond purchases, while the region's yields ticked back up. The ECB's launch of further stimulus to stoke a euro zone economic recovery, which has lagged solid growth in central Europe,...

  • *China stocks lag broader market, end lower. Mainland China stocks lagged, ending lower despite the scrapping of quota restrictions in two major inbound investment schemes on Tuesday, as conflicting signals over progress in U.S.- China trade negotiations kept investors on the sidelines. In a conciliatory gesture, China said it would exempt 16 types of U.S....

  • BUDAPEST, Sept 11- The Hungarian forint fell 0.2% on Wednesday morning to a record low of 332 to the euro, underperforming other central European currencies. Economists at Erste Investment said foreign players unwinding stock market positions were probably one reason for the forint's weakness. The Erste economists said a back-and-forth between Central...

  • BUDAPEST, Sept 10- Hungary could launch high-speed 5 G mobile networks before the end of this year if plans remain on track, the head of the U.N. internet and telecoms agency said on Tuesday after speaking to the Hungarian prime minister. International Telecommunication Union Secretary-General Houlin Zhao said he had asked Prime Minister Viktor Orban when 5 G...

  • *China Aug factory deflation deepens. China's producer prices fell by the most in three years in August, reinforcing expectations Beijing will roll out more economic stimulus as its trade war with Washington intensifies. Asian indexes also racked up losses with Taiwan and the Philippines shedding 0.4% each, while mainland China stocks ended softer but off...

  • HUAWEI SEES NO "SIGNIFICANT IMPACT" ON ITS BUSINESS IN CENTRAL AND EASTERN EUROPE FROM SECURITY FEARS- REGIONAL EXECUTIVE.

  • MOSCOW, Sept 9- Russian President Vladimir Putin told the head of state-controlled Gazprom to consider making Russian gas exports to China via Mongolia, the Kremlin said on Monday. Gazprom is due to start exporting gas to China in December via the eastern Power of Siberia pipeline. "Please, look into the resources of Yamal as well, in order to gather the necessary...

  • *Russia- Ukraine prisoner swap helps rouble. *C.bank meetings in Turkey and Poland eyed this week. "The latest move reflects the government's determination to use a combination of policy tools to stimulate the economy," said Huani Zhu, economist at Mizuho Bank.

  • *Hong Kong entering busiest time of year for IPOs. HONG KONG, Sept 9- Consumer lender Home Credit is poised to offer the biggest test of Hong Kong's capital markets since China's Alibaba delayed plans for a $15 billion listing last month because of the political turmoil engulfing the city. The Prague- based lender, which has a sizeable Chinese business, could launch...

  • MOSCOW, Sept 8- Russian state communications watchdog Roskomnadzor said tech giants Google and Facebook had allowed political advertising during Sunday's regional elections despite being asked to ban such publicity. "Such actions can be seen as interference in Russia's sovereign affairs and hindering the conduct of democratic elections in the Russian...

  • WARSAW, Sept 6- Central European assets were little changed on Friday, with local economic data failing to move markets as investors' attention turned to a key U.S. jobs report later in the day. Markets got a boost in recent days after the United States and China scheduled trade talks and the ADP National Employment Report in the United States showed private...

  • *Gazprom market share falls to 35% in Turkey, 50% in Greece. LONDON, Sept 6- Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas and new Azeri supplies helped the region reduce reliance on Russia. Russian exports to Turkey, the biggest regional market, fell 36%...

  • MINSK, Sept 5- Belarus, one of the world's largest potash exporters, may reduce production of the crop nutrient by almost a third within the next 3-4 months amid weaker global demand, Ivan Golovaty, chief executive at state-owned miner Belaruskali, said. While Belaruskali prepares for maintenance, its trading arm and one of the key sources of the country's dollar...

  • BUCHAREST, Sept 5- Central European stocks rose in tandem with other European shares on Thursday, bolstered by scheduled U.S.- China trade talks and Britain's parliamentary vote against a no-deal exit from the European Union. By 0930 GMT, Prague's blue-chip index led gains with a 0.5% advance on the day. China and the United States on Thursday agreed to hold...

  • Sept 5- Emerging-market stocks rose to a one-month high on Thursday after the United States and China agreed to a new round of trade talks. The United States and China will hold trade talks in early October in Washington, China's Commerce Ministry said, in an effort to resolve a trade war has hit supply chains world-wide and curbed growth in major economies.