CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a consolidation for European stocks after a two day rally and the euro breaks below $1.33.» Read More
*Russia ban is in retaliation for Western sanctions. MOSCOW, Aug 6- Russia has escalated an economic battle set off by the crisis in Ukraine with a ban on all food imports from the United States and on fruit and vegetables from the European Union, dropping any pretence these might be for food safety reasons.
*Western bank still expects robust Russia profits. MOSCOW, Aug 6- Russia will ban all imports of U.S. food products as well as fruit and vegetables from the European Union after President Vladimir Putin ordered retaliation for Western sanctions against Moscow, a state news agency reported on Wednesday.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for the German DAX from correction territory and a recession in Italy.
OTTAWA, Aug 5- Canada and the European Union have finalized the text of a proposed free trade deal after months of disagreements, but implementation is still about two years away, Canadian officials said on Tuesday. The deal would make Canada the world's only major economy with preferential access to the world's two largest economies, the EU and the United States.
The tensions between Ukraine and Russia remain high. Katrina Dudley, Franklin Templeton Mutual European Fund co-manager, discusses the relationship between the EU and Russia, and what's at stake for the investment community.
OTTAWA, Aug 5- Negotiators for Canada and the European Union have finalized the text of a proposed free trade deal after months of disagreements, a source familiar with the matter told Reuters on Tuesday. The source said the draft text of the treaty would now be sent to Canada's 10 provinces and the EU's 28 member states for their comments.
CNBC's Kayla Tausche reports on all the market moving events in Europe today, including BMW reporting a rise in Q2 operating profit.
MOSCOW, Aug 5- Russian Prime Minister Dmitry Medvedev said on Tuesday that Moscow should discuss possible retaliatory measures after the European Union imposed sanctions on a low-cost Russian airline over the Ukraine crisis, RIA news agency said.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including the bailout of Banco Espirito Santo and the impact of Russian sanctions on the German economy.
*Sanctions restrict Sberbank's access to EU capital markets. MOSCOW, Aug 1- Russia's top lender, Sberbank, faces rising borrowing costs and a squeeze on its margins after being included in the latest European Union sanctions over the Ukraine crisis.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including the poor performance of Banco Espirito Santo, and Germany's DAX breaks below a 200 day moving average.
MOSCOW, Aug 1- Officials from Russia, Ukraine and the European Union will discuss gas supplies on Sept. 12, the Interfax news agency quoted Russia's EU envoy, Vladimir Chizhov, as saying on Friday, but EU authorities said they knew nothing about the meeting.
MOSCOW, Aug 1- Ministers from Russia, Ukraine and the European Union will meet to discuss gas provision on Sept. 12, Interfax news agency quoted Russia's EU envoy, Vladimir Chizhov, as saying on Friday.
SEOUL, Aug 1- South Korean exports to China fell 7.0 percent in July from a year earlier, a third consecutive monthly drop, while shipments to the European Union rebounded from a fall in June to post a strong 11.5 percent rise, data showed on Friday.
BRUSSELS, July 31- The European Union has published a law that will curb arms sales to Russia and to cut off financing for five major Russian banks over Moscow's support for rebels in Ukraine.
CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a fall in euro zone inflation and the EU ban on five Russian banks from raising capital.
ZURICH, July 31- Swiss voters will have another say on relations with the European Union, Switzerland's president said on Thursday, after valuable trade treaties with the bloc were put in jeopardy by a February referendum to curb immigration.
MOSCOW, July 31- Russian stock indexes erased early gains on Thursday, falling into the red by evening, as global markets declined and Russia waited to see details of further European Union sanctions over the conflict in Ukraine.
BRUSSELS, July 31- The European Union formally adopted sanctions on Thursday curbing arms sales to Russia and cutting off financing for targeted banks over Moscow's support for rebels in Ukraine.
CNBC contributor Larry McDonald, and Dennis Gartman, The Gartman Letter, discuss how broader economic sanctions will impact the Russian economy and citizens, and if now is the time to buy Russia.