Eastern Europe News
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Emerging-Market Stocks Fall First Time in Nine Days on Corporate Earnings
Emerging-market stocks fell for the first time in nine days on renewed concern that slowing global economic growth will reduce earnings.
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Rusal, Partners Ready to Buy Out Potanin Stake in Norilsk, Deripaska Says
United Co. Rusal is ready to buy out the stake in OAO GMK Norilsk Nickel held by Vladimir Potanin ’s Interros Holding Co. to end a shareholder dispute and boost the value of Russia’s biggest mining company.
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Erste Profit Falls 17% on Loan Provisions in Eastern Europe, Shares Slump
Erste Group Bank AG , Austria’s biggest publicly traded lender, said second-quarter profit fell 17 percent on rising bad-loan provisions in eastern Europe.
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Tusk Says Polish Fiscal Strategy Rejects `Radical' Tax Rise, Budget Cuts
Poland doesn’t need “radical” tax increases or cuts in benefits to reduce its budget deficit, Prime Minister Donald Tusk said today as he pledged to meet the criteria for joining the euro by 2015.
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