STOCKS NEWS EMERGING EUROPE-Banks extend gains after U.S. data

                                
 STOCKS NEWS                     Reuters           Regional
Stocks
                                
 Stocks on the move [HOT-RTRS]   Real-time Equity News [E]
 [.CEE]
                                
 REGIONAL INDICES
                                
 Warsaw WIG20 <.WIG20>          Bucharest Beti <.BETI>
                                
 Budapest SE Index <.BUX>       Prague PX <.PX>
                                
 Zagreb Crobex <.CRBEX>         Sofia Sofix <.SOFIX>
                                
 Ljubljana SBI20 <.SBI>         Istanbul ISE National 100
<.XU100>
                                
 
                                
 1300 GMT 28Aug2008 Banks extend gains after U.S. data  
 --------------------------------------------------------------
                                
 Central and east European banks are among the region's top
gainers after better than expected U.S. economic growth data
gave investors hope that the world's largest economy could help
lead a global recovery.
                                
 Pekao <BAPE.WA>, Poland's top bank by assets, gains 4
percent, while local rivals PKO BP <PKOB.WA> and BZ WBK
<BZWB.WA> rise 2.9 and 2.6 percent. Hungary's largest lender OTP
<OTPB.BU>  rises 2.3 percent.
                                
 rm://chris.borowski.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0955 GMT 28Aug2008 ECM drops after disappointing H1 results
 --------------------------------------------------------------
                                
 Developer ECM Real Estate Investments <ECMPsp.PR> falls
nearly 8 percent in thin trade to an all-time low of 429.90
crowns after reporting a first-half loss and 4 percent drop in
net asset value.
                                
 "Results were worse on all levels compared to last year," a
trader says. "The stock is going down without any support."
                                
 rm://jason.hovet.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0853 GMT 28Aug2008 Deutsche Bank starts Pulawy, Police
 --------------------------------------------------------------
                                
 Deutsche Bank initiates coverage of Polish chemicals
producer Pulawy <PULW.WA> with "hold" and its peer Police
<PICE.WA> with "sell" ratings in a report dated August 27.
                                
 The brokerage set its target prices for the stocks at 98
zlotys for Pulawy and 15.4 zlotys for Police.
                                
 Pulawy shares fall 3.0 percent to 97 zlotys, while Police is
down 4.1 percent to 16.68 zlotys.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0710 GMT 28Aug2008 NWR drops after Q2 profit misses
forecasts
 --------------------------------------------------------------
                                
 Miner New World Resources (NWR) <NWRS.L> <NWRSsp.PR> falls
as much as 3 percent in early trade after second quarter results
miss forecasts.
                                
 For more details on NWR earnings double click [nLS556057]
                                
 rm://jason.hovet.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0710 GMT 28Aug2008 Wood&Co. cuts Pegas price target 
 --------------------------------------------------------------
                                
 Wood&Co. cuts its price target for Czech textile maker Pegas
Nonwovens <PGSNsp.PR> to 560 crowns from 660 but keeps a "buy"
rating after the company reported second-quarter earnings in
line with expectations.
                                
 Pegas closed at 377.50 on Wednesday.
                                
 For more research news double click [RCH-EMRG]
                                
 rm://jan.korselt.thomsonreuters.com@reuters.net