UKRAINE

Philip Morris, Reynolds raise 2009 estimates

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Philip Morris International Inc and Reynolds American Inc posted higher-than-expected quarterly profits and raised their full-year forecasts on Thursday, as tax increases and the recession did not hurt the cigarette makers as much as feared.
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U.S. falls 3rd in bank ranking, after UK, Australia

The United States slipped from first to third place after the U.K. and Australia in a ranking of financial development released by the World Economic Forum on Thursday, as the global financial crisis badly hurt bank stability in developed countries.
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Hacker Gonzalez pleads guilty in largest U.S. identity theft crime

Hacker Albert Gonzalez, accused of masterminding the massive data thefts at BJ's Wholesale Club, TJX and several other retailers, pleaded guilty to some of the largest identity-theft crimes on record on Friday while leaving the federal judge wondering how to compensate his millions of victims.
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Rich could add CO2 cuts to bolster climate pact

Industrialized nations can deepen planned cuts in greenhouse gas emissions to shore up a U.N. climate treaty due in December but analysts say there are risks they will promise more than they deliver.
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Animals around the World

A cow stands on the Klausenpass mountain pass road, 1,952 m (6,404 ft) in the Swiss Alps August 19, 2009. In the background is the Urnerboden Valley.
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Gazprom Q1 net profit falls, tipped to bounce back

Gazprom, the world's biggest gas company, saw net profit fall in the first quarter, when it paid more for Central Asian gas and incurred foreign exchange losses, but was tipped to bounce back in the rest of 2009.
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Russia hostage to its imperial past: Ukraine

Russian leaders are stuck in their imperial past and seem to relish bullying and threatening their neighbors, a senior Ukrainian official said on Wednesday, responding to a tirade from Moscow the previous day.
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Hungary's Richter Q2 net profit more than doubles

Hungarian drug producer Richter Gedeon said its second-quarter net profit more than doubled on rising sales, especially to Russia and the United States, muted cost growth and a smaller-than-expected loss.
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Medvedev goes to Germany to defend key projects

President Dmitry Medvedev will defend a Russia-backed deal to buy German car maker Opel and seek more support for the Nord Stream gas pipeline project when he visits Munich on Thursday, a top Kremlin aide said.
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EU hosts talks to avert Ukraine-Russia gas crisis

Ukraine and Russia began talks with international lenders and the European Union on Monday on loans to help Kiev pay for Russian gas and avert a new crisis that could cut off supplies to Europe.
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Golden Kiev - Kiev, Ukraine, Europe

Flying to Kiev from Riga was exceptionally pleasant. Air Baltic offered a free lunch with wine - practically unheard of in Europe these days. (Fares are often dirt-cheap and food is not included).
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Russia NPLs may reach 20 pct in 2009-state agency

The head of the Russian deposit insurance agency head said on Friday the share of non-performing loans may climb to 20 percent by the end of 2009 -- the gloomiest forecast from officials to-date.
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Japan power firms pay $1 billion for CO2 credits in 08/09

Japan's power firms paid a combined 100.1 billion yen, or $1 billion, for carbon credits in the year that ended on March 31, their annual earnings reports showed, giving investors a rare glimpse into how much utilities are spending to offset their own carbon emissions.
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Europe wasted 20 years since Cold War: Gorbachev

Europe has squandered the opportunity created by the fall of the Berlin Wall 20 years ago for a new era of cooperation between East and West, former Soviet President Mikhail Gorbachev said on Wednesday.

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