Europe News Eastern Europe

  • MUNICH, Feb 15- Germany is considering changes to the legal framework governing the Nord Stream 2 gas pipeline to make sure that it complies with new European Union regulations, Economy Minister Peter Altmaier told Reuters on Friday. The pipeline, currently under construction under the Baltic Sea and fully owned by Russia's state-owned Gazprom, is seen by...

  • MOSCOW, Feb 15- Russian prosecutors in court on Friday accused the U.S. founder of Baring Vostok private equity group and other detainees of embezzling 2.5 billion roubles. Michael Calvey, a U.S. citizen, was detained in Moscow on Thursday on suspicion of fraud, the spokeswoman for Moscow's Basmanny court had said earlier on Friday. At Friday's court hearing,...

  • *Brent tops $65 per barrel for first time this year. SINGAPORE, Feb 15- Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC- led supply cuts and a partial shutdown of Saudi Arabia's biggest offshore oil field. Brent rose as far as $65.10, pushing past the $65 mark for the first time this year, before falling back to $64.77 by 0623 GMT.

  • *Brent tops $65/ barrel for first time this year. SINGAPORE, Feb 15- Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by OPEC- led supply cuts and a partial shutdown of Saudi Arabia's biggest offshore oil field. Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.89 a barrel by 0531 GMT.

  • SINGAPORE, Feb 15- Oil prices rallied on Friday, with Brent crude futures hitting fresh 2019 highs amid U.S. sanctions against Venezuela and Iran and supply cuts led by the Organization of the Petroleum Exporting Countries. OPEC and some non-affiliated suppliers including Russia are withholding supply in order to tighten the market and prop up prices.

  • SYDNEY, Feb 15- U.S. oil prices rose on Friday, gaining for a fourth day on hopes of further supply cuts by major exporters, despite uncertainty about U.S.- China trade talks. West Texas Intermediate crude futures were at $54.79 per barrel at 0038 GMT, up 40 cents, or 0.7 percent, from their last settlement. Russia has cut its oil production by 80,000-90,000 barrels per...

  • CHISINAU, Feb 14- Facebook Inc said it has removed a number of pages and accounts engaged in "inauthentic behavior" targeting people in Moldova, where elections will be held later this month. The owners of pages and accounts typically posted about local news and political issues such as requirements for Russian- or English-language education and potential...

  • The largest drop in U.S. retail sales in almost a decade hit stocks in Europe, with Warsaw's bluechip index dropping to a one-month low as it shed about 1 percent by 1445 GMT. Budapest's index fell almost half a percent and danced around the 40,000- point line, even though Hungary reported a pick-up in economic output growth to an annual 5 percent in the last quarter...

  • MOSCOW/ LONDON, Feb 14- A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers. Turkmenistan typically exports about 200,000 tonnes of oil per year via the Caspian to world markets, mainly from fields operated by the UAE's ENOC and Italy's Eni, but flows...

  • BUDAPEST, Feb 14- The forint and the Czech crown firmed slightly on Thursday amid some expectations for monetary policy tightening while a pick-up in Hungary's economic growth bucked Central Europe's slowdown. Fourth-quarter economic output data from Poland, Romania and Slovakia showed slower but still robust annual growth that is outpacing euro zone...

  • Euro at 3- month low after Germany just skirts recession. *China exports, imports easily beat forecasts. LONDON, Feb 14- Optimism about U.S.- China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved.

  • Feb 14- Emerging markets stocks and currencies were subdued on Thursday, awaiting cues from Sino-U.S. trade negotiations as they move to higher level talks, while possible sanctions on Russia hurt shares and the rouble. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer are to lead continuing trade negotiations in Beijing on...

  • WASHINGTON, Feb 13- A bipartisan group of U.S. senators introduced a bill on Wednesday that would impose stiff new sanctions on Russia over its meddling in U.S. elections and aggression against Ukraine, the latest congressional effort to push President Donald Trump to ratchet up Washington's response to Moscow. The new bill, which was first reported by Reuters,...

  • Republican and Democratic senators on Wednesday will introduce a bill seeking to punish Russia for meddling in U.S. elections and for its aggression in Ukraine by imposing sanctions on its banking, energy sector and foreign debt. Among other things, it would impose sanctions on Russian banks that support efforts to interfere in foreign elections, sanction...

  • BRUSSELS/ COPENHAGEN, Feb 13- The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines, casting doubt over the operating structure of Russia's planned Nord Stream 2.. The Russian pipeline already faces uncertainty after Denmark's potential ban on its planned route through its territorial waters and sanction...

  • *Crown firms after Jan CPI comes in at 2.5 pct vs 2.2 pct fcast. BUDAPEST/ PRAGUE, Feb 13- The crown led Central European currencies higher on Wednesday after Czech annual inflation came in well above forecasts, adding to upside surprises in consumer price indexes the region. The units ignored a firming of the dollar which in the past year often caused currency...

  • Belgian airspace is at a crucial intersection between major airports in London, Amsterdam, Paris and Frankfurt and is among the busiest in Europe. Just one passenger flight, to Moscow, would depart late on Wednesday, with a few late arrivals and some cargo flights, Brussels Airport said. High-speed Thalys, running to Amsterdam and Paris, said it should be running...

  • BRUSSELS/ COPENHAGEN, Feb 13- The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines including Russia's planned Nord Stream 2, in a move that cast doubts over the project's current operating structure. "The new rules ensure that EU law will be applied to pipelines bringing gas to Europe and that everyone...

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in...

  • HOUSTON/ MEXICO CITY/ MOSCOW, Feb 12- Venezuela's oil exports have tapered off and shifted toward India since new U.S. sanctions began Jan. 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. The South American nation is turning its focus to cash-paying buyers, especially in...