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  • *Several ministers call for arms embargo on Russia. BRUSSELS, July 22- The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner, but it delayed action for a few days.

  • *Several ministers call for arms embargo on Russia. BRUSSELS, July 22- The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner, but it delayed action for a few days.

  • NEW YORK, July 22 (Reuters)- Brent crude oil futures edged higher in choppy trading on Tuesday, as traders searched for direction amidst political tensions in Ukraine and Gaza, and U.S. prices were supported by expectations of a drop in national stockpiles.

  • *Governor writes letter to parliament. SOFIA, July 22- Bulgaria's Central Bank Governor Ivan Iskrov told parliament on Tuesday he was ready to step down if it can agree on a successor first.

  • BRUSSELS, July 22- The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine, but failed to back tough talk with any immediate action after France's president signalled the disputed delivery of a warship to Moscow would go ahead.

  • Ukraine tensions see euro come off boil Tuesday, 22 Jul 2014 | 11:08 AM ET

    LONDON— The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia.

  • LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and a fall in Libyan output, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • *France has until 2015 to bring its deficit to 3 pct of GDP. PARIS, July 22- France will not accelerate cuts in public spending even though disappointing growth could make it difficult to meet EU fiscal targets, President Francois Hollande said.

  • Amid sanctions, France in warship sale to Russia Tuesday, 22 Jul 2014 | 7:16 AM ET

    PARIS— France says it will go ahead with the sale of a warship to Russia despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over the crisis in Ukraine.

  • UPDATE 4-Oil rises above $108 on Ukraine, Gaza crisis Tuesday, 22 Jul 2014 | 6:48 AM ET

    *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and fighting in Gaza, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of large draws in U.S. oil stockpiles and escalating geopolitical tension over Ukraine causing European foreign ministers to consider further sanctions on Russia.

  • *MSCI Asia hits 3- year peak, Nikkei up after Japan holiday. LONDON, July 22- European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.

  • FOREX-Aussie ticks higher, yen eases back Tuesday, 22 Jul 2014 | 4:12 AM ET

    LONDON, July 22- The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.

  • *Poste willing to invest up to 40 million euros. ROME/ MILAN, July 21- Poste Italiane will only invest more money in Alitalia if it avoids taking on the airline's past liabilities, three sources close to the matter said on Monday, a condition likely to hamper a rescue deal with Etihad Airways.

  • 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.

  • EU extends Iran sanctions hold-off until November Monday, 21 Jul 2014 | 10:34 AM ET

    BRUSSELS— The European Union has agreed to keep holding off on some sanctions against Iran as negotiations continue on a comprehensive deal restricting the Islamic republic's nuclear program. On Saturday, they were extended until Nov. 24. On Monday, the EU extended its suspension of those sanctions, also until Nov. 24.

  • 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.

  • *But falls milder than when Ukraine crisis erupted. MOSCOW, July 21- Russian shares slid on Monday to a two-month low as Moscow came under fierce international pressure over the downing of Malaysia Airlines flight MH17 and European governments threatened to follow the United States in widening economic sanctions.

  • BRUSSELS, July 21- For all the tough talk, Europe is not likely 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.

  • The increasingly deadly conflict between Israel and Gaza- based militants, fighting in eastern Ukraine and new sanctions on Russia over its perceived role in the Ukraine crisis were capping further advances in global equities, with MSCI's emerging index half percent off recent 16- month highs.