Europe News Eastern Europe

  • NEW DELHI, July 18- The International Energy Agency is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.- China trade spat, its executive director said on Thursday. The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day and may cut it again if the global economy and especially China shows...

  • NEW DELHI, July 18- The International Energy Agency is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.- China trade spat, its executive director said on Thursday. The IEA is revising its 2019 global oil demand growth forecast to 1.1 million barrels per day and may cut it again if the global economy and especially China shows...

  • *Ukraine may get $2 bln IMF money this year- c.bank. *Ukraine may tap markets again this year. Interest rates have been in double digits since the country plunged into turmoil following Russia's annexation of Crimea in 2014 and the outbreak of a Moscow- backed separatist conflict in the eastern Donbass region of Ukraine.

  • *Bank of Korea and Indonesia cut interest rates. July 18- Emerging-market shares fell on Thursday amid weak economic data from Japan and disappointing corporate results in the United States, the latest signs the U.S.- China trade conflict was unlikely to be resolved anytime soon. South Korea's won rose 0.2% after the Bank of Korea unexpectedly cut interest...

  • LONDON/ MOSCOW, July 17- A small oil transport firm accused of pumping toxic chemicals into Russia's crude pipeline network that then polluted oil exports to Europe received daily documents from Russian state pipeline monopoly Transneft giving its oil deliveries a clean bill of health. Prosecutors identified them as Nefteperevalka General Director...

  • PRAGUE, July 17- Czech yields were mixed on Wednesday before the sale by auction of a new tranche of a euro-denominated government bond that has drawn strong investor demand this year, while a firming U.S. dollar put the brakes on central Europe's currencies. In Poland, bond yields slipped following pay data that showed corporate wages grew 5.3% in June, less than...

  • WASHINGTON, July 17- The International Monetary Fund on Wednesday forecast that lower oil prices and higher taxes would slow Russian economic growth in 2019 and said Moscow's medium-term growth outlook would remain modest unless it tackled deeper structural reforms. "Russia's economy continues to show moderate growth, under sound macroeconomic policies...

  • BUDAPEST, July 16- Central European currencies traded slightly firmer while Hungarian government bond yields edged 2-3 basis points lower on Tuesday morning in quiet trading, tracking core market Bund and U.S. Hungary will sell 3- month treasury bills at an auction at 0930 GMT where the average yield may actually dip into negative territory after last week...

  • MOSCOW, July 15- The Chinese video app TikTok will store Russian users' data locally to comply with Russian law, the communications watchdog Roskomnadzor said on Monday after a meeting with the company. It also said it was interested in opening an office in Russia, the watchdog said. Russia has in recent years introduced tougher internet laws that require search...

  • BUCHAREST, July 15- The union representing workers at ADM's North Star Shipping grain silos in Romania's Black sea port of Constanta said on Monday an indefinite strike scheduled to start on July 15 had been averted after reaching an deal on wages. An indefinite strike at the Constanta port silos could have severely impacted grain supplies to Egypt, the world's...

  • PRAGUE/ HONG KONG, July 15- Consumer lender Home Credit B.V. on Monday filed for a Hong Kong initial public offering, which two sources said could raise more than $1 billion, just three days after AB InBev shelved the listing of its Asian business. The Prague- based lender, controlled by Czech financial group PPF, plans to go public in late September, one of the sources...

  • MOSCOW, July 14- A former owner of the debt-laden Antipinsky refinery, Russia's largest independent oil-processing plant, was arrested in Moscow, his company said in a statement on Sunday. New Stream group said its head, Dmitry Mazurov, was arrested by the Investigative Committee on Saturday at Moscow's Sheremetyevo airport when he arrived back in Russia.

  • ISTANBUL, July 12- Turkey took its first deliveries of the Russian S-400 air defense system on Friday, a development likely to trigger U.S. sanctions on Ankara and escalate tensions between Turkey and its Western partners in the NATO military alliance. Why does Turkey need the Russian defense system? The United States says the Russian missile system is not...

  • *Russia, India models for raising investment. Minister of Trade and Industry Ebrahim Patel was nevertheless reported as saying at the recent G20 meeting in Japan that South Africa should immediately start the process of setting up a fund to prepare for future revenue streams. Analysts say South Africa could choose the latter model, often favored by...

  • WARSAW, July 12- Central European currencies were little changed on Friday and regional stocks got a boost from overnight gains in Wall Street and Asia due to fresh optimism after Federal Reserve Chair Jerome Powell left the door open to interest rate cuts. By 0830 GMT, Prague gained most on the day with 0.5%, followed by Budapest with about 0.4% and Warsaw's...

  • KIEV, July 12- A comedian and entrepreneur, 29- year-old Roman Hryshchuk had only been in politics for a few weeks when he found himself in front of a semicircle of voters in a park in western Kiev, fielding questions from a testy audience. Another voter heckled that Ukraine's president didn't appear to know what the capital of Canada was, after his team mistakenly...

  • MOSCOW/ LONDON, July 11- U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil. Ukraine this month received its first ever barrels from the United States, according to...

  • MOSCOW, July 11- A woman was killed and 13 people were injured in a major fire at a power station in the Moscow region on Thursday that was put out by firefighters, the emergencies ministry and Russian media said. Earlier, huge flames could be seen leaping into the sky and black smoke belched from Thermal Power Station -27 in Moscow's Mytishchi district.

  • *Salvini denies party received cash from Moscow. League leader Matteo Salvini, who serves as both deputy prime minister and interior minister in the government, has denied that his party received any money from Moscow. Italian news magazine L'Espresso reported in February that Salvini's former spokesman Gianluca Savoini had held talks in Moscow last...

  • MOSCOW, July 11- A major fire broke out at a power station in the Moscow region on Thursday, injuring six to nine people, the energy ministry and Russian media reports said. Huge flames could be seen leaping into the sky from Thermal Power Station -27 in the Mytishchi district northeast of Moscow. Emergency services deployed more than 150 firefighters to the scene,...