Europe News Eastern Europe

  • Black Sea prices for the new Russian wheat crop with 12.5% protein content were $195 per tonne on a free on board basis at the end of last week, down $2 from a week earlier, Russian agricultural consultancy IKAR said in a note. The futures rose last week as the lack of rain in Russia raised concerns about reduced yields in the world's top wheat exporter.

  • Black Sea prices for the new Russian wheat crop with 12.5% protein content were $195 per tonne on a free on board basis at the end of last week, down $2 from a week earlier, Russian agricultural consultancy IKAR said in a note. The futures rose last week as the lack of rain in Russia raised concerns about reduced yields in the world's top wheat exporter.

  • *Daniel Ozon has clashed before with energy minister. WARSAW, June 10- Trade unions at Poland's state-run JSW plan to protest in front of the energy ministry building in Warsaw on Tuesday against the expected dismissal of Daniel Ozon, the chief executive at the coking coal miner. The term of the current management board, including Ozon, ends on June 26.

  • *Russia energy minister says to watch developments in June. The Organization of the Petroleum Exporting Countries and some non-members including Russia, known collectively as OPEC+, have curbed supplies since January to prop up prices. Earlier on Monday, Saudi Energy Minister Khalid al-Falih said Russia was the only oil exporter still undecided on the need to...

  • LONDON, June 10- Oil prices steadied on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.- China trade tensions continued to threaten demand for crude. Saudi Energy Minister Khalid al-Falih said on Monday that Russia was the only oil exporter still undecided on the need to extend the output deal...

  • MOSCOW, June 10- Russia's Rusal has told Reuters it plans to issue a Chinese yuan-denominated bond, known as a Panda bond, and also a rouble bond as the aluminum giant, which was removed from a U.S. sanctions list in early 2019, returns to raising funds. Hong-Kong listed Rusal, the world's largest aluminum producer outside China, was largely cut off from borrowing...

  • LONDON, June 10- UBS Vice Chairman Robert Foresman became part of Robert Mueller's Russia probe because of a series of approaches the banker made to the Trump campaign team. According to Mueller's report, Foresman emailed Trump's assistant in March 2016 inviting the presidential candidate to take part in an international business forum in St Petersburg,...

  • LONDON, June 10- A senior American banker once secretly awarded a shareholding in powerful Moscow investment bank Renaissance Capital to one of Vladimir Putin's closest friends and brokered meetings for the friend with top U.S. foreign policy officials a decade ago, emails show. He headed Dresdner Bank's investment banking operations in Russia in the early...

  • WASHINGTON/ MEXICO CITY, June 7- The Trump administration pushed ahead on Friday with a plan to slap a 5% tariff on imports from Mexico, as the two sides started a third day of talks to reach a deal to stem the flow of mostly Central American migrants into the United States. President Donald Trump has threatened to impose the levies starting on June 10 if Mexico does...

  • ST PETERSBURG, June 7- President Vladimir Putin said on Friday he was closely following the embezzlement case against prominent U.S. businessman Michael Calvey and that Russian law enforcement agencies should work to establish whether he was guilty or not. The St Petersburg International Economic Forum is used by Moscow to burnish the country's image as an...

  • MOSCOW, June 7- Russia has signed a deal with Cuba to modernize its railways worth almost $1 billion dollars, Interfax news agency reported citing Russian Deputy Prime Minister Yury Borisov as saying to Russia's state TV Rossiya 24..

  • ST PETERSBURG, June 7- DP World, one of the world's largest port operators, wants to run ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west, its chief executive told Reuters. "This is going to change the growth for Russia. Russia is creating the fastest route between the North Far East and...

  • *OPEC+ deal extension needs more talks with non- OPEC. ST PETERSBURG, June 7- Saudi Arabia said on Friday that OPEC and its allies should extend oil production cuts at around current levels as the kingdom did not want a fight for market share with the United States or a repeat of the price collapse five years ago. Saudi Energy Minister Khalid al-Falih also said OPEC was...

  • ST PETERSBURG, June 7- OPEC is close to agreeing to extend an oil supply-cutting agreement beyond June, Saudi Arabia's energy minister said on Friday, though the question is how to accommodate participating non- OPEC countries. "On the OPEC side, a rollover is almost in the bag. The question is to calibrate with non- OPEC, "Saudi Energy Minister Khalid al-Falih said at...

  • BELARUS PRESIDENT SAYS MINSK MUST RECEIVE ADEQUATE COMPENSATION FOR OIL CONTAMINATION- BELTA.

  • ST PETERSBURG- RUSSIA'S SIBUR EYES IPO IN MOSCOW NO EARLIER THAN 2020- CEO KONOV.

  • ST PETERSBURG, June 7- Russia's largest petrochemicals company, Sibur, may carry out a long-planned initial public offering no earlier than 2020 and eyes Moscow as the main venue for the listing, Sibur's Chief Executive Dmitry Konov said. Speaking about the trade row between the United States and China, Konov warned this could have a negative impact in the long...

  • ST PETERSBURG, June 6- Russia's oil output will decrease in June but then recover, Energy Minister Alexander Novak said on Thursday. Russia's average daily oil output dropped to a three year-low of 10.87 million barrels per day on June 1-3, two sources familiar with official data said on Tuesday. Asked why Russia's output had fallen below the level agreed as part...

  • *Currencies trade at or near multi-week highs vs the euro. BUDAPEST, June 6- Central European currencies firmed modestly on Thursday after the European Central Bank sounded less dovish than expected even though it pushed back the timing of its first post-crisis interest rate hike. Central Europe's main currencies were slightly firmer against the euro at or...

  • ST PETERSBURG, June 6- President Vladimir Putin said on Thursday Russia had differences with OPEC over what constituted a fair price for oil, but that Moscow would take a joint decision on output with OPEC colleagues at a policy meeting in the coming weeks. Russia joined the efforts with the OPEC in 2016 and their cooperation has helped to stabilise oil pieces and...