CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.» Read More
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including losses ahead of tomorrow's EU sanctions meeting and if Putin will in turn impose sanctions against the EU.
*Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
BRUSSELS, July 21- For all the tough talk, Europe is unlikely to punish Russia over last week's downing of an airliner over Ukraine beyond speeding up the imposition of already agreed individual sanctions when the bloc's foreign ministers meet on Tuesday.
BERLIN— Karl Albrecht, co-founder of the Aldi grocery store empire and one of the world's richest people, has died in the western German city of Essen. Essen's city hall told The Associated Press that Albrecht was buried Monday in a family plot in a small ceremony in the city's Bredeney district where he lived.
BEIJING, July 21- China signed a bilateral currency swap agreement worth 150 billion yuan with the Swiss central bank, which can invest up to 15 billion yuan in China's bond market. The Swiss National Bank is allowed to invest up to 15 billion yuan in China's interbank bond market under a quota given by the PBOC.
Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. Washington announced new sanctions last Wednesday on Russia, including its biggest oil company, over Moscow's support for separatist forces in Ukraine.
Stone Brewing Co. has closed on a deal to open a brewery and bistro in Berlin, becoming the first American craft brewer to independently own and operate a brewery in Europe.
HRABOVE, Ukraine— International monitors moved gingerly Saturday through fields reeking of the decomposing corpses that fell from a Malaysian airliner shot down over rebel-held eastern Ukraine, trying to secure the sprawling site in hopes that a credible investigation can be conducted.
BERLIN/ GENEVA, July 18- As international investigators head to rebel-held eastern Ukraine to piece together what, and who, caused a Malaysian airliner to plunge into the steppe, securing evidence in the middle of a war zone is a major challenge.
*Qantas, British Airways among airlines to avoid Ukraine. SYDNEY, July 18- Qantas Airways and several other airlines altered their flight paths some time ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.
It's not clear that the German Chancellor is in a position to actually hit Russia where it would hurt: Its pocketbook.
BAGHDAD, July 18- The United Nations accused Islamic State fighters in Iraq of executions, rape and forced recruitment of children during a campaign to seize much of northern Iraq, part of a conflict it said has killed almost 5,600 civilians this year.
NEW YORK, July 18- Brent and U.S. crude eased at midday on Friday after sharp gains sparked by heightened geopolitical risk from the downing of a Malaysian jetliner over eastern Ukraine and as Israeli ground troops advanced into Gaza.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including concerns for Volvo and AbbVie's deal with Shire PLC.
*Obama warns of further sanctions against Russia. LONDON, July 18- Brent crude oil climbed to around $108 a barrel on Friday, extending sharp gains on heightened geopolitical risk after the downing of a Malaysian jetliner over eastern Ukraine and as Israeli ground troops advanced into Gaza.
*Chancellor issues' clear call' for Russia to help peace process. BERLIN, July 18- Germany's Angela Merkel challenged Moscow's attempt to pin the downing of a Malaysian airliner on Ukraine, pointing to Russia as a source of separatists' weapons.
BERLIN, July 18- Moscow needs to recognize its responsibility for ensuring the peace process advances in Ukraine, where a ceasefire is needed to investigate the crash of a commercial airliner close to the Russian border, German Chancellor Angela Merkel said on Friday.
The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines. In the hours after Thursday's disaster involving a Malaysia Airlines jet, carriers around the globe began rerouting flights to avoid Ukraine.
BERLIN/ MEXICO CITY, July 18- German Chancellor Angela Merkel and Foreign Minister Frank-Walter Steinmeier on Thursday called for an independent, international investigation into the downing of a Malaysian airliner over eastern Ukraine.
MEXICO CITY, July 17- German Foreign Minister Frank-Walter Steinmeier on Thursday called for an independent, international investigation into the downing of a Malaysian airliner over eastern Ukraine.