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  • LONDON, July 23- The euro hit an eight-month low against the dollar on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth drove investors away from the single currency.

  • *EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 27 cents to $107.06 a barrel by 0700 GMT, after slipping 35 cents in the previous session.

  • SHANGHAI, July 23- Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm supplied old and rotten meat.

  • But a cautious mood was expected to return in early European trade, where spreadbetters predicted Britain's FTSE 100 to open 8 to 15 points lower, or down as much as 0.2 percent; Germany's DAX to open down 20 to 22 points, or 0.2 percent lower; and France's CAC 40 to open 5 to 6 points lower, or down 0.1 percent.

  • *EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 11 cents to $107.22 a barrel by 0603 GMT, after slipping 35 cents in the previous session.

  • FOREX-Dollar firms, euro cracks under rates pressure Wednesday, 23 Jul 2014 | 1:53 AM ET

    TOKYO/ SYDNEY, July 23- The dollar held close to a six-week peak against a basket of currencies in Asian trade on Wednesday, as the euro edged down to touch a fresh 2014 low on the diverging interest rate outlook for the U.S. and euro zone.

  • Global stocks bolstered by US earnings, home sales Wednesday, 23 Jul 2014 | 12:45 AM ET

    Hong Kong's Hang Seng was up 0.8 percent to 23,962.98 and Australia's S&P/ASX 200 rose 0.6 percent to 5,575.10 helped by the brisk output report by mining giant BHP Billiton.

  • Brent holds steady above $107; U.S. oil stocks in focus Wednesday, 23 Jul 2014 | 12:33 AM ET

    EU threatens new sanctions on Russia. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in the previous session.

  • Violence continued in Gaza, but hopes rose for an easing of tension in Ukraine after pro-Russian rebels handed the flight recorders and victims' remains from a downed Malaysian airliner to international authorities.

  • NYMEX-U.S. crude falls to $102; inventories in focus Tuesday, 22 Jul 2014 | 8:35 PM ET

    SINGAPORE, July 23- U.S. crude dropped to around $102 a barrel in early Asian trade on Wednesday, falling for a second consecutive session with oil supplies unaffected by continuing violence in Iraq, Ukraine and Gaza. The report from U.S. Department of Energy's Energy Information Administration is due at 1430 GMT.

  • Violence continued in Gaza, but hopes rose for an easing of tension in Ukraine after pro-Russian rebels handed the flight recorder and victims' remains from a downed Malaysian airliner to international authorities.

  • DIARY - Top economic Events to Aug 6 Tuesday, 22 Jul 2014 | 8:01 PM ET

    Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.

  • July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.

  • China meat scandal hits Starbucks, Burger King Tuesday, 22 Jul 2014 | 4:49 AM ET

    BEIJING— A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.

  • *MSCI Asia hits 3- year peak, Nikkei up after Japan holiday. LONDON, July 22- European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.

  • FOREX-Aussie ticks higher, yen eases back Tuesday, 22 Jul 2014 | 4:12 AM ET

    LONDON, July 22- The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.

  • *Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.

  • Global stocks recover as plane tensions ease Tuesday, 22 Jul 2014 | 12:32 AM ET

    TOKYO— World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro- Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes. In Europe, Britain's FTSE 100 gained 0.5 percent to 6,764.55 and Germany's DAX added 0.8 percent to 9,689.15.

  • *MSCI Asia touches 3- year peak, Nikkei rises after Japan holiday. TOKYO, July 22- Asian stocks touched a three-year peak on Tuesday, despite lingering concerns about crises in Ukraine and Gaza, while the yen eased against the dollar and the euro.

  • Still, markets were unable to fully shake off geopolitical concerns as tensions in the Ukraine and Gaza remained high, keeping the dollar and euro in a narrow corridor against the Japanese currency.