* China locks down city at epicentre of virus outbreak. * Russian rouble weakens as oil prices decline. * Euro in focus ahead of ECB policy meeting. By Shreyashi Sanyal. Most stocks in emerging markets fell on Thursday, as risk appetite took a back seat on rising fears over the spread of a new flu-like virus in China, while Russia's rouble lost ground tracking a decline in oil prices.
A Russian government reshuffle that brought in a new first deputy prime minister and a new economy minister is an attempt by President Vladimir Putin to secure his economic legacy, say two sources close to the government, but it also carries risks.
* Putin approves new government. * Most striking changes affect economic oversight. * Many veteran ministers remain in place. * Some unpopular ministers lose jobs. By Gabrielle Tétrault-Farber and Maria Kiselyova. Russian President Vladimir Putin approved a new government on Tuesday which he described as a break with the past, bringing in some fresh faces but retaining many senior ministers.
Russian interest rates could drop by up to 75 basis points by the end of 2020, VTB Group Deputy Chief Executive Riccardo Orcel said on Tuesday, as long as inflation holds steady.
Ukraine wants to speak to Germany and France about an increase in shooting in the east of the country, Foreign Minister Vadym Prystaiko said on Monday. Two Ukrainian soldiers were killed and 10 were wounded at the weekend in the eastern Donbass region, where fighting between Russia-backed separatist fighters and Ukraine's armed forces began in 2014.
Five people, including one child, were killed in the Russian city of Perm on Monday when a hot water pipe exploded in the night and flooded a basement hotel room with boiling water. At least three other people were taken to hospital with burns after the incident in the Mini Hotel Caramel, which is located in the basement of a residential building, the region's investigative committee said.
The rouble soared on Friday, at one point gaining more than 0.5% versus the dollar on the day, and Russia's MOEX index hit a record high, as emerging markets were buoyed by the Chinese economy maintaining its high growth rate.
MOSCOW-- Russian lawmakers approved President Vladimir Putin's proposed candidate as prime minister Thursday, the latest step in a tightly choreographed transition that could set the stage for Mr. Putin to retain a grip on power after his term ends. The vote came a day after Mr.
Russia's lawmakers approved Mikhail Mishustin as prime minister on Thursday in a lower house vote, less than 24 hours after President Vladimir Putin nominated him for the role.
President Vladimir Putin's nominee for prime minister, Mikhail Mishustin, addressed Russia's State Duma, the lower house of parliament, on Thursday, outlining some of his key aims.
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