Tomas Fiala, CEO of Dragon Capital, comments on the day's events in Ukraine, which include the resignation of the Ukrainian prime minister.» Read More
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.
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.
*Washington has concerns about Kurdish sales, Iraq split. A sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling, and raises questions about Washington's commitment to preventing oil sales from the autonomous region.
NEW YORK, July 24- Oil futures prices fell on Thursday, as unseasonably weak demand and plentiful supplies of crude and refined products offset strong Chinese factory data that could boost energy demand in the world's No. 2 oil consumer.
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.
*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 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.
WASHINGTON, July 24- The board of the International Monetary Fund is expected to meet about Ukraine's loan program in late August, an IMF spokesman said on Thursday, which would likely allow the embattled country to receive its next aid disbursement of an expected $1.4 billion.
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.
BRUSSELS, July 24- European Union countries are considering tougher sanctions against Russia over its role in the conflict in eastern Ukraine and the downing of the Malaysian airliner that killed 298 people last week.
GENEVA, July 24- The latest U.S. sanctions against Russia are a violation of World Trade Organization rules that may force Moscow into a destabilising trade dispute, Russia's ambassador told the Geneva- based trade body on Thursday.
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.
SANCTIONS ANNOUNCED ON JULY 16 ARE VIOLATION OF WTO RULES.