Jim Grant of Grant's Interest Rate Observer, says the Fed has imposed and manipulated us into a period of eerie stability in measured volatility. Grant also shares an investment strategy for gold.» Read More
*Renault cost-cutting boosts margin as sales decline. PARIS, July 29- Renault made progress towards a core profitability goal as cost-cutting helped to counter currency headwinds in the first half, the French carmaker said, but sales and cash flow suffered ahead of the replacement of key models.
MOSCOW, July 29- Russian stocks dipped in volatile trade on Tuesday, extending the previous day's huge losses as investors awaited a broad round of economic sanctions the European Union is preparing to impose on Russia over the Ukraine crisis. They will not look cheap at current levels, "said Geldy Soyunov, senior analyst at Alfa Bank in Moscow.
*Russia mkts steadier after three days of selling, nerves remain. *China& Hong Kong shares buoyed by economic& stimulus hopes. LONDON, July 29- World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.
*BP results see muted reaction after Russia warning. EDINBURGH, July 29- European shares were unchanged on Tuesday, as encouraging corporate results were offset by the threat of economic fallout from more sanctions against Russia.
*BP the biggest foreign investor in Russia with Rosneft stake. LONDON, July 29- Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
BRUSSELS— The United States and the European Union are preparing a powerful one-two punch against the Russian economy, with EU ambassadors meeting Tuesday to discuss a dramatic escalation in the trade bloc's sanctions on Russia.
RUSSIAN FOREIGN MINISTRY SAYS SANCTIONS IMPOSED ON MOSCOW BY JAPAN HARM BILATERAL RELATIONS- STATEMENT.
*Geopolitical tensions support $1,300- an-ounce level. SINGAPORE, July 29- Gold was little changed just above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week.
SINGAPORE, July 29- Gold was little changed above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors waiting for cues from U.S. jobs data and a Federal Reserve policy meeting this week. *Gold, seen as a safe-haven asset, has benefited from tensions between the West and Russia.
*Ukraine- Russia tensions, Israel- Palestine cut gold's losses. NEW YORK/ LONDON, July 28- Gold was little changed on Monday as traders and investors awaited the outcome of a Federal Reserve policy meeting, while hazarding a guess on what U.S. jobs numbers for the month might be.
*Russia stocks tumble again after new sanctions. Wall Street ended flat as the latest deal news offset losses following soft data on the housing market and services sector.
*Traders eye this week's U.S. NEW YORK, July 28- The U.S. dollar traded mostly flat against a basket of major currencies on Monday, halting last week's advance but still hovering near six-month highs as traders awaited a glut of economic data and policy releases.
BRUSSELS, July 28- EU diplomats reached a preliminary agreement on Monday on a list of associates of Russian President Vladimir Putin and companies that will face sanctions as part of tougher measures over Moscow's actions in Ukraine, EU sources said.
*Russia stocks tumble anew after new sanctions. NEW YORK, July 28- World stock markets were little changed on Monday while the U.S. dollar edged lower against a basket of major currencies ahead of a ream of U.S. data and events this week. MSCI's All-World Index erased earlier losses to trade flat as major U.S. stock indexes turned positive.
*Russia to appeal "politically biased decision". MOSCOW/ LONDON/ AMSTERDAM, July 28- An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
*FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks edged lower on Monday, with unspectacular U.S. data and new European sanctions against Moscow offsetting strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser.
*Ruling comes amid turmoil in Ukraine and East-West rift. MOSCOW/ LONDON/ AMSTERDAM, July 28- The Hague's arbitration court ruled on Monday that Russia must pay a group.
*Court orders Moscow to pay $51 billion in Yukos case. MOSCOW, July 28- The rouble and Moscow stocks extended their losses on Monday after Russia said it would appeal against an international court ruling to pay $51 billion for expropriating assets of the now-defunct oil producer Yukos.
UNITED NATIONS— The U.N. Security Council strongly condemned any sale of oil from Syria or Iraq by terrorist groups and reminded all countries that buying the illegally obtained oil violates U.N. sanctions.
*Russia stocks tumble anew after new sanctions. *Wall Street falls in early trade on weak housing data; bonds gain. NEW YORK, July 28- World stock markets fell on Monday as new European sanctions against Moscow chilled the already frosty relationship with Russia while the dollar hovered near six-month highs against a basket of major currencies.