Europe News Eastern Europe

  • WASHINGTON, Jan 16- Legislation to keep sanctions in place on companies that have been controlled by the Russian oligarch Oleg Deripaska, including the giant aluminum firm Rusal, stalled in the U.S. Senate on Wednesday, a victory for President Donald Trump. That result fell short of the 60 votes necessary to advance to a final passage vote in the 100- member Senate,...

  • BUDAPEST, Jan 16- Central European government bond yields rose on Wednesday due to a shake-up of positions after British Prime Minister Theresa May's plan for an orderly exit from the European Union collapsed. A disorderly exit may hurt regional trade, with Poland most exposed. It jumped after Deputy Governor Marton Nagy revealed the National Bank of...

  • SOFIA, Jan 16- Bulgaria's parliament approved the government's plan to start talks with the United States on buying eight new F-16 fighter jets to replace its ageing Soviet-made MiG-29s and improve compliance with NATO standards. Defence Minister Krasimir Karakachanov, who has conceded that the United States' bid exceeded the budget by 300 million levs, said...

  • BUDAPEST, Jan 16- Central European government bond yields rose on Wednesday due to a shake-up of positions after British Prime Minister Theresa May's plan for an orderly exit from the European Union collapsed in parliament on Tuesday. A disorderly British exit from the EU may hurt the region's trade, with Poland most exposed. A sharp retreat in inflation in...

  • *Russia's rouble gains 0.5 percent, oil rises. Jan 16- Most emerging market currencies firmed against the dollar on Wednesday, with Turkey's lira strengthening ahead of a central bank rate decision, while stocks in the developing world notched a six-week peak. Turkey's central bank sets borrowing costs later in the day, with a Reuters poll predicting the key rate...

  • SEC Chairman Jay Clayton said the case illustrated the "significant" threats that cyber crime poses to U.S. markets, including from outside U.S. borders, and that his agency is not immune despite efforts to bolster its cyber defenses. The Department of Justice said conspirators sent fake emails to SEC employees that appeared to be from other employees, enabling...

  • WASHINGTON, Jan 15- The second-ranking Democrat in the U.S. House of Representatives said on Tuesday he would ask the Treasury Department to delay the lifting of sanctions on companies tied to Russian oligarch Oleg Deripaska until Feb. 28 to give Congress time to review the decision. House Majority Leader Steny Hoyer told reporters he would call Treasury...

  • SEC Chairman Jay Clayton said the case illustrates the "significant" threats that cyber crime poses to U.S. markets, including from outside the country's borders, and that his agency is not immune despite efforts to bolster its cyber defenses. The U.S. Department of Justice said Ieremenko and Artem Radchenko, also from Ukraine, schemed to send fake emails to SEC...

  • WASHINGTON, Jan 15- The second-ranking Democrat in the U.S. House of Representatives said on Tuesday he would ask the Treasury Department to delay the lifting of sanctions on two companies tied to Russian oligarch Oleg Deripaska to give Congress time to review the decision. House Majority Leader Steny Hoyer told reporters he would call Treasury Secretary...

  • According to the SEC, these traders, comprising eight individuals and companies in the United States, Russia and Ukraine, then reaped more than $4.1 million in illegal gains by trading on the hacked information between May and October 2016. In a 16- count indictment filed with the U.S. District Court in Newark, New Jersey, the U.S. Department of Justice charged...

  • BUDAPEST, Jan 15- After years of policy measures to stimulate lending and cut borrowing costs, Hungary's central bank is nearing a watershed moment as inflation nudges towards its highest in a decade. That means the National Bank of Hungary could be nearing what it has said would be a "gradual and cautious" process of reversing the aggressive monetary easing...

  • *Bucharest stocks hit new 2- year low on tax worries. BUDAPEST, Jan 15- Hungarian government bond yields fell further to their lowest levels in about 8 months on Tuesday after local and Slovak data confirmed that inflation fell even more than expected in December across Central Europe. Figures in Germany, the region's main export market, showed the weakest annual...

  • *Bucharest stocks fall on worry over new bank tax. BUDAPEST/ BUCHAREST, Jan 14- Romanian stocks hit a 2- year low as concerns over 2019 tax increases on the bank and energy sectors have returned. Sentiment in Central Europe turned sour anyway as a surprise fall in China's exports turned the spotlight again on global economic slowdown worries.

  • BUDAPEST/ BUCHAREST, Jan 14- Romanian stocks fell as much as 2.2 percent on Monday, approaching 2- year lows as concerns over 2019 tax increases on the bank and energy sectors have returned. Sentiment in Central Europe turned sour anyway as a surprise fall in China's exports turned the highlight on global economic slowdown concerns again, hitting Asian and...

  • BERLIN, Jan 13- The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. President Donald Trump has accused Germany of being a "captive" of Moscow because of its reliance on Russian energy and urged it to halt work on the $11 billion gas pipeline.

  • BERLIN, Jan 13- The U.S. ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick to the project, a senior U.S. official said on Sunday. President Donald Trump has accused Germany of being a "captive" of Moscow due to its reliance on Russian energy and urged it to...

  • HONG KONG/ WARSAW, Jan 12- Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company. Poland's internal affairs minister, Joachim Brudzinski, called for the European Union and NATO to work on a joint position over...

  • WASHINGTON, Jan 13- U.S. Senate Democratic Leader Chuck Schumer said on Saturday he will force a vote soon on a resolution to disapprove the Trump administration's decision to relax sanctions on three Russian companies connected to oligarch Oleg Deripaska. "I have concluded that the Treasury Department's proposal is flawed and fails to sufficiently limit...

  • HONG KONG, Jan 12- Chinese telecoms equipment maker Huawei said on Saturday it had sacked a Chinese employee who was arrested on spying charges in Poland, as the company sought to distance itself from the incident. A Huawei spokesman, Joe Kelly, declined to give any further details. Huawei, the world's biggest producer of telecommunications equipment, faces...

  • WASHINGTON, Jan 11- The United States plans to jointly host a global conference focused on the Middle East, particularly Iran, next month in Poland, the U.S. State Department said on Friday. Secretary of State Mike Pompeo told Fox News in an interview to air on Friday that the meeting would "focus on Middle East stability and peace and freedom and security here in this...