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  • BRUSSELS, July 25- 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.

  • Russian execs fear lasting damage from plane crash Friday, 25 Jul 2014 | 6:36 AM ET

    MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.

  • Russia raises key rate amid Ukraine concerns Friday, 25 Jul 2014 | 6:14 AM ET

    MOSCOW— Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine. The bank said Friday it has lifted its one-week auction rate by 0.5 percentage points to 8 percent.

  • MOSCOW, July 25- Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.

  • MOSCOW, July 25- Russia's consumer protection agency has filed a lawsuit in a Moscow court seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on Friday.

  • LONDON, July 25- Oil held steady around $107 a barrel on Friday, as plentiful supply countered any premium to the price caused by concern over conflict in the Middle East and Ukraine. Conflicts in Ukraine, Gaza and Iraq continued, but failed to push prices higher as global supplies remained ample.

  • BERLIN, July 25- A German business leader who has previously warned against economic sanctions on Russia has come out in support of tougher action if President Vladimir Putin fails to cooperate on stabilizing the situation in Ukraine.

  • *Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as plentiful supplies held down any run-up in prices from geopolitical tensions in oil producing regions.

  • *Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as tensions in oil producing regions supported prices against weak demand and plentiful supplies.

  • *U.S. crude for September delivery was down 6 cents at $102.01 a barrel by 0024 GMT, after settling $1.05 lower. *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.

  • How Putin views West     Thursday, 24 Jul 2014 | 5:27 PM ET

    Discussing increasing tensions in Russia and Ukraine, and President Obama's strategy in dealing with these countries, and the risk to Europe, with former Ambassador Nicholas Burns to NATO & Greece.

  • OTTAWA, July 24- Canada said on Thursday it will impose sanctions on "a broad range" of Russian companies and banks to punish Moscow for what it said was the illegal occupation of Crimea and "provocative military activity" in eastern Ukraine.

  • FRANKFURT/ DETROIT, July 24- Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operations after years of economic instability on the Continent.

  • EU sanctions on Russian banks would hit economy, business Thursday, 24 Jul 2014 | 12:50 PM ET

    MOSCOW, July 24- Russia's state-controlled banks would have to turn to the state, domestic borrowers or new regions such as Asia if EU sanctions shut off investment, hurting their ability to lend to local businesses and further damaging the country's fragile economy.

  • European shares boosted by data, Spanish results Thursday, 24 Jul 2014 | 12:41 PM ET

    *Euro STOXX 50 up 0.8 pct, FTSEurofirst 300 up 0.5 pct. The euro zone Euro STOXX 50 closed 0.8 percent higher at 3,220.07 points, while the broader FTSEurofirst 300 index index rose 0.5 percent to 1,381.97 points.

  • SARAJEVO, July 24- Italian Foreign Minister Federica Mogherini, a candidate to become the European Union's next foreign policy chief, reiterated on Thursday that she supports additional sanctions against Russia over the crisis in Ukraine.

  • GENEVA, July 24- The latest U.S. sanctions against Russia violate World Trade Organization rules and may force Moscow into a destabilizing trade dispute, Russia's ambassador told the Geneva- based trade body on Thursday.

  • Euro zone shares boosted by data, Spanish results Thursday, 24 Jul 2014 | 11:19 AM ET

    *Euro STOXX 50 up 0.5 pct, FTSEurofirst 300 up 0.2 pct. The euro zone Euro STOXX 50 index was up 0.5 percent at 3,209.70 points, while the broader FTSEurofirst 300 index index was up 0.2 percent at 1,378.97 points by 1453 GMT.

  • Ukrainian prime minister resigns Thursday, 24 Jul 2014 | 11:02 AM ET
    Arseny Yatseniuk

    The Ukrainian Prime Minister tendered his resignation on Thursday, after upbraiding fellow politicians.

  • LONDON/ BRUSSELS, July 24- The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to Europe and Novatek's Arctic Yamal liquefied natural gas facility.