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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.

  • BRUSSELS, July 24- 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.

  • EU targets state-owned Russia banks in sanctions draft Thursday, 24 Jul 2014 | 7:15 AM ET

    *EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.

  • Europe lifts recommendation not to fly to Tel Aviv Thursday, 24 Jul 2014 | 12:48 AM ET

    BERLIN— Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas. The European Aviation Safety Agency late Tuesday said it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv.

  • UPDATE 1-Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 11:33 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln euros. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 10:05 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • EU seeks energy efficiency to ease Russia gas link Wednesday, 23 Jul 2014 | 9:22 AM ET

    BRUSSELS— The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports, particularly those from Russia.

  • European carriers suspend more Tel Aviv flights Wednesday, 23 Jul 2014 | 8:29 AM ET

    BERLIN— Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas. The European Aviation Safety Agency late Tuesday said it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv.

  • Lithuania to adopt euro currency in January Wednesday, 23 Jul 2014 | 7:38 AM ET

    BRUSSELS— The European Union is giving Lithuania the green light to adopt the euro currency starting next year. Alluding to the tensions with Russia over Ukraine, he added deeper integration with western Europe "means greater security as well." Lithuania's Baltic neighbors, Estonia and Latvia, are already members of the euro.

  • DIARY - Top economic Events to Aug 6 Tuesday, 22 Jul 2014 | 8:01 PM ET

    Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.

  • *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.