EU hopes for 'positive outcome' in Russia-Ukraine gas talks

Last Updated: Monday, March 2, 2015, 22:35

The EU said it hoped for a "positive outcome" Monday as the Russian and Ukrainian energy ministers held talks in Brussels aimed at resolving gas supply dispute threatening deliveries to Europe.

Bank of Cyprus 2014 loss narrows sharply

Last Updated: Wednesday, February 25, 2015, 23:37

Bank of Cyprus said Wednesday it posted a 256 million euro loss for 2014, mainly on increased provisions for exposure to Russia.

Russia's ruble, stocks drop on Moody's downgrade

Last Updated: Tuesday, February 24, 2015, 18:29

Russia's ruble and stock market dropped sharply on Tuesday in response to a recent slide in the price of oil and a downgrade to "junk" status of its sovereign debt by Moody`s.

Russia's Gazprom threatens to cut off gas to Ukraine, Europe

Last Updated: Tuesday, February 24, 2015, 16:06

Russia`s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there -- and threatening supplies to the rest of Europe.

Ukraine`s currency hits new low as central bank tightens controls

Last Updated: Monday, February 23, 2015, 19:57

Ukraine`s battered national currency plummeted some 10 percent Monday as the central bank scrambled to strengthen currency controls in its latest bid to halt the slide.

German economy stuns with unexpectedly strong growth in Q4

Last Updated: Friday, February 13, 2015, 13:25

Germany grew by a much stronger than expected 0.7 percent in the fourth quarter of 2014, with domestic demand lifting Europe`s largest economy out of its mid-year lull to take growth for the whole year to 1.6 percent and raise hopes of a strong 2015.

Asian shares jump on Ukraine ceasefire, hopes on Greece

Last Updated: Friday, February 13, 2015, 09:13

Asian shares gained on Friday on news of a ceasefire accord in Ukraine, while Sweden`s surprise move to cut its main rate into negative territory and hopes of a resolution between debt-strapped Greece and its creditors burnished risk appetite.

IMF, Ukraine in deal for $17.5 bn bailout: Lagarde

Last Updated: Thursday, February 12, 2015, 14:09

The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion dollars that could be a "turning point" for Kiev, Christine Lagarde said Thursday.

Gold adds to gains as fears over Greece hit equities

Last Updated: Tuesday, February 10, 2015, 09:56

gold, gain, Greece, stock markets, Ukraine

Russia attacks 'politically motivated' downgrade to junk rating

Last Updated: Wednesday, January 28, 2015, 00:16

Moscow said S&P`s downgrade to `BB+` was motivated by the West`s current standoff with Russia over Ukraine.

Russian central bank sold $76 bn to prop up ruble in 2014: Data

Last Updated: Monday, January 12, 2015, 15:58

The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.

Ukraine economy shrank 7.5% in 'worst year since WWII'

Last Updated: Tuesday, December 30, 2014, 18:45

Ukraine`s central bank chief said on Tuesday that the strife-torn country`s economy contracted by 7.5 percent in 2014 while inflation soared in a year more painful than any since World War II.