The situation in Ukraine looks ever further from the peaceful, or at least contained, solution Western leaders were hoping for.» Read More
*FTSEurofirst 300, Euro STOXX 50 up 0.1 pct. *Euro STOXX 50 set for best monthly gain since Feb. LONDON, Aug 29- European shares trimmed their early gains on Friday as euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.
For most of August, stocks have managed to shake off geopolitical conflicts from Ukraine to Gaza and Iraq. "The market has a good underlying tone," said Mike Levine, portfolio manager of Oppenheimer Equity Income Fund. Even in a quiet day of trading ahead of the Labor Day holiday, stocks eked out a gain.
NBC's Albina Kovalyova reports on the latest developments in Ukraine as fighting escalates and the West considers enforcing additional sanctions on Russia.
Andrew Wood, an associate fellow at Chatham House, discusses the latest developments in the Ukraine crisis and what can be done to stop Russian aggression.
*Share markets weak as Russia- Ukraine tensions swirl. LONDON, Aug 29- The euro was near a year low and on course for a fourth week of falls on Friday ahead of what was expected to be another stodgy euro zone inflation reading, and as tensions with Russia over Ukraine kept the region on edge.
MILAN— Several European Union foreign ministers on Friday accused Russia of invading eastern Ukraine and said Moscow should be punished with additional economic sanctions. The meeting of the 28- nation bloc's top diplomats in Milan came one day after NATO said Moscow slipped at least 1,000 Russian soldiers and much heavy weaponry into Ukraine.
*FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.5 pct. PARIS, Aug 29- European shares rose in early trade on Friday, recovering some of the ground lost in the previous session as investors awaited inflation figures that may shed light on the European Central Bank's next policy move.
PARIS, Aug 29- Russia's top carmaker Avtovaz plans to reduce staff numbers to 30,000 by 2020 from 55,000 to boost competitivity, finance head Evgeny Belinin told France's Les Echos daily business newspaper at the Moscow motor show.
Andrew Foxall, director of the Russia studies centre at The Henry Jackson Society, says the EU is likely to extend and toughen its Russian sanctions and discusses next week's NATO meeting.
*NATO source says more than 1,000 Russian troops in Ukraine. MOSCOW/ DONETSK, Ukraine, Aug 29- Pro-Moscow rebels fighting in Ukraine said on Friday they would comply with a request from the Kremlin and open up a' humanitarian corridor' to allow the withdrawal of Ukrainian troops they have encircled.
*NATO source says more than 1,000 Russian troops in Ukraine. MOSCOW/ DONETSK, Ukraine, Aug 28- Pro-Moscow rebels fighting in Ukraine said on Friday they would comply with a request from the Kremlin and open up a' humanitarian corridor' to allow the withdrawal of Ukrainian troops they have encircled.
Carlo Gallo, Founder at Enquirisk, says any energy sanctions on Russia are "off the table" as Europe relies heavily on Russian gas.
Philippe Legrain, former economic advisor to the President of the European Commission, says Poland's Prime Minister Donald Tusk is a frontrunner for European Council presidency.
CNBC's Claudia Pensotti reports on what to expect from the meeting of EU foreign ministers as the Ukraine crisis escalates.
*OPEC output rises in Aug from July- survey. *Russian troops enter Ukraine, tensions flare. SINGAPORE, Aug 29- Brent crude held above $102 a barrel on Friday, but prices were heading for a second monthly loss as ample supply and softening demand in Europe and China outweighed geopolitical concerns.
WASHINGTON— As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment Fund, which has partnered with brand-name American companies and whose advisers include top U.S. and European private equity executives.
SINGAPORE, Aug 29- Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal. Gold was trading flat at $1,289.20 an ounce by 0306 GMT.
*Russian troops enter Ukraine, tensions flare. *OPEC output rises in Aug from July- survey. SINGAPORE, Aug 29- Brent crude held above $102 a barrel on Friday, but prices were heading for a second monthly loss as ample supply and softening demand in Europe and China outweighed geopolitical concerns.
TOKYO, Aug 29- Japan's Nikkei share average fell on Friday morning as tensions in the Ukraine conflict flared up again, but hopes that domestic investors would start buying up large-cap stocks limited the losses. Toyota Motor Corp gained 0.5 percent, Honda Motor Co added 0.4 percent and Sony Corp rose 0.6 percent.
SINGAPORE, Aug 29- Gold hardly moved on Friday but was on track for its first monthly gain since June after some investors ditched equities and poured their money back into gold due to growing tensions between Russia and Ukraine. *Gold was little changed at $1,290.25 an ounce by 0030 GMT. Gold prices were more than $600 below a record hit in 2011..