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  • BRUSSELS, Feb 8- The European Union's effort to rewrite two-decade old copyright rules to take into account online platforms such as Alphabet Inc's Google moved a step forward on Friday when a majority of member countries agreed on a common position for talks with lawmakers next week. Italy, Poland, the Netherlands, Sweden, Finland, Luxembourg, Malta and Slovakia...

  • *Crown sets 6- week low, zloty 4- week, forint 3- week. BUDAPEST, Feb 7- Romanian stocks bucked a wider fall among Central European currencies and shares on Thursday as four central banks in the region kept interest rates on hold. But a flow of weak economic data from Europe also caused a shift towards a less hawkish monetary policy outlook for the European Union's...

  • MSCI's index for emerging market stocks neared five-month highs with indexes in Moscow and Johannesburg leading gains. But trading remained light in Asia, with markets in greater China, Taiwan, Hong Kong, South Korea and Indonesia all closed for the Lunar New Year. "For the short-term, the outlook for EM assets may now be tilted in a bullish direction," said Cristian...

  • MADRID/ OTTAWA, Feb 4- Major European nations joined the United States on Monday in recognizing opposition leader Juan Guaido as Venezuela's legitimate head of state, while members of a separate regional bloc kept up the pressure on socialist President Nicolas Maduro. The coordinated recognition by a flood of European Union nations including Britain,...

  • *Spain, Britain, France, Germany among those backing Guaido. MADRID/ CARACAS, Feb 4- Major European nations joined the United States on Monday in recognizing opposition leader Juan Guaido as Venezuela's legitimate head of state, as a separate regional bloc met in Canada to pressure socialist President Nicolas Maduro. The coordinated move by 11 nations including...

  • *Russia accuses EU of foreign meddling, Italy divided. BRUSSELS/ MADRID, Feb 4- Eleven European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. The European Union members' coordinated move followed the expiry of an...

  • *Russia accuses EU of foreign meddling, Italy divided. BRUSSELS/ MADRID, Feb 4- Eleven European nations joined the United States in recognising opposition leader Juan Guaido as Venezuela's interim president on Monday, heightening a global showdown over Nicolas Maduro's socialist rule. The European Union members' coordinated move followed the expiry of an...

  • BUDAPEST, Feb 4- The forint and the Czech crown eased slightly on Monday as investors were scaling back expectations for monetary tightening in the two countries. The forint traded at 317.78 against the euro at 1014 GMT, weaker by 0.2 percent from its previous close, even though it was off Friday's one-week low of 318.34. It weakened amid market rumours that...

  • German Chancellor Angela Merkel and Prime Minister Theresa May are seen during a press conference on July 10, 2018 in London, England.

    Although the form of the British exit from the EU is often presented as a reductionist binary choice, London has in effect restated the fundamental question of what is a European project, Michael Ivanovitch writes.

  • BUDAPEST/ PRAGUE, Jan 31- Central European markets firmed across the board after the Federal Reserve signalled that its interest rate hike cycle may have ended. The forint retreated to 315.85 by 0919 GMT as the euro gave up ground against the dollar, still slightly firmer from Tuesday's domestic close before the Fed's comments. "There has been a bit of panic over...

  • LONDON, Jan 31- A surge in gold purchases by central banks to the highest since 1967 helped push global demand for the metal up 4 percent last year, the World Gold Council said on Thursday. Driving the increase were central banks which bought 651.5 tonnes- 74 percent more than in 2017 and the second highest annual total on record- as countries including China and...

  • *The move comes amid growing security in the West about China. BRUSSELS/ WARSAW, Jan 30- The European Union is considering proposals that would effectively amount to a de-facto ban on Huawei Technologies Co. equipment for next-generation mobile networks, four senior EU officials said, adding to mounting international pressure on the worlds largest maker of...

  • BUDAPEST, Jan 30- The forint touched an 8- month high against the euro on Wednesday as expectations for upcoming monetary tightening remained intact after Tuesday's Hungarian central bank meeting. In contrast with Hungary, where core inflation has been rising, Poland's inflation has remained below the central bank's target range of 1.5-3.5 percent.

  • BRUSSELS, Jan 29- The European Investment Bank, the EU's lending institution, cut lending by nearly 20 percent last year and plans to keep financing at a similar level in 2019 at around 60 billion euros, the EIB president said on Tuesday. Plans are in place for the other 27 EU states to plug the capital gap caused by Britain's departure, even in the event of a no-deal...

  • *Oil fall, Swiss franc mortgages plan knock down Warsaw shares. BUDAPEST/ WARSAW, Jan 28- The leu bucked a weakening of Central European currencies on Monday, rising from record lows as interbank interest rates jumped. Bucharest's overnight interbank interest rate started the new reserve period of banks at bids at 3.24 percent on Friday, jumping from 1.52 percent...

  • BUDAPEST, Jan 28- The leu bucked a weakening of Central European currencies on Monday, drifting further off record lows as interbank interest rates jumped. Bucharest's overnight interbank interest rate started the new reserve period of banks at bids at 3.24 percent on Friday, jumping from 1.52 percent after Thursday's holiday in Romania, and stayed steady on...

  • LONDON, Jan 25- Vodafone, the world's second largest mobile operator, said it was "pausing" the deployment of Huawei equipment in its core networks until Western governments give the Chinese firm full security clearance. The United States and some allies, including Australia and New Zealand, have banned Huawei from 5 G networks because of alleged ties to the...

  • BUDAPEST, Jan 25- Central European currencies and government bond yields mostly eased somewhat on Friday after dovish comments from the European Central Bank decreased the likelihood of monetary tightening across the region too. The resulting dollar buying against the euro also weighed on currencies in the European Union's eastern states, whose main...

  • LONDON, Jan 24- British finance minister Philip Hammond has pulled out of an event at the World Economic Forum in Davos, Switzerland, the Financial Times reported on Thursday. Hammond had been due to appear along side the prime ministers of Ireland, the Netherlands and Poland at a discussion over the future of Europe. The finance ministry had no immediate comment...

  • **SEOUL- Bank of Korea holds monetary policy meeting to announce interest rates. ACCRA- Central Bank of Ghana announces interest rate decision. WARSAW- National Bank of Poland holds monetary policy council meeting.