Global economy starts second half on solid footing
China's factory activity expanded at its fastest in 18 months in July, while the euro zone's private sector also perked up, but the pace of U.S. manufacturing expansion slowed.
EU reaches preliminary deal on Russia economic sanctions
European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis but details remained to be worked out, diplomats said.
EU targets state-owned Russia banks in sanctions plan
The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.
Petrol prices rise in Crimea despite Russian promise
The cost of petrol has risen in Crimea for the first time since Russia seized the Black Sea peninsula from Ukraine in March, despite a promise by Moscow to reduce the price.
West considers early sanctions moves in troubled Iran nuclear talks
With talks between world powers and Iran over a broad nuclear accord at an impasse, Western governments are considering offering a significant easing of sanctions early on in the process to try to wring concessions from Tehran, diplomats say.
Ailing Russian loan market hit by fresh U.S. sanctions
New U.S. sanctions imposed on Russia for its actions in Ukraine will make it more difficult for Russian companies to refinance existing international loans and has dashed hopes that Russia's syndicated loan market is reopening, bankers said on Thursday.
New U.S. sanctions hit top Russian firms; Kiev says Russia shoots down its jet
President Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in Ukraine.
EU wants to block new loans to Russia through EIB, EBRD: draft
European Union leaders want to block loans for new projects in Russia by two multilateral lenders and broaden the scope of other sanctions in response to Moscow's actions in Ukraine, according to a draft statement seen by Reuters.
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