Colin Chapman, President of the New South Wales chapter of the Australian Institute of International Affairs, outlines the motives behind Russia's military buildup in eastern Ukraine.» Read More
*Ukraine tensions add safety bid. Ukraine accused Russia on Thursday of bringing troops into the southeast of the country in support of pro- Moscow separatist rebels. "It's all about Europe," said Ira Jersey, an interest rate strategist at Credit Suisse in New York.
ANKARA, Aug 28- Tayyip Erdogan was sworn in as Turkey's 12th president on Thursday, cementing his position as its most powerful leader of recent times, in what his opponents fear heralds an increasingly authoritarian rule.
LONDON, Aug 28- European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally in risk assets to a shuddering halt. Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defense council to decide how to respond.
*Report of Russian troop movements into Ukraine brings concerns back to forefront. NEW YORK, Aug 28- U.S. stock index futures fell on Thursday after Ukraine's president said Russian forces had been brought into his country, bringing concerns over the volatile region back into focus.
*Poroshenko says Russian forces brought into Ukraine. PARIS, Aug 28- European stocks fell on Thursday as renewed worries over turmoil in Ukraine prompted investors to cash in some gains following a sharp 2-1/ 2 week rally. The sell-off accelerated around midday after Ukrainian president said Russian forces had been "brought into Ukraine".
LONDON, Aug 28- Emerging stocks retreated from three-year highs on Thursday, with Moscow- listed shares falling the most as reports of Russian military incursions into Ukraine dented hopes for a resolution to the crisis. The MSCI emerging equities index was down 0.4 percent, while debt insurance costs for Russia and Ukraine both rose to multi-week highs.
*EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favourite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.
FRANKFURT, Aug 28- European Energy Commissioner Guenther Oettinger said on Thursday the bloc was seeking to fill its gas storage facilities and de-escalate a row between Ukraine and Russia in order to safeguard its own gas shipments from Russia in the 2014/ 15 winter.
*Cushing up 508,000 bbls- EIA. NEW YORK, Aug 27- Crude oil futures settled flat after choppy trading on Wednesday, following a report that showed declining U.S. gasoline demand in the world's top oil consumer and a build at the key Cushing, Oklahoma, storage hub.
*Ukraine says more Russian soldiers crossed border in east. KIEV/ DONETSK, Ukraine, Aug 27- Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday, as hopes quickly faded that Tuesday's talks between their two presidents might mark a turning point in a five-month-old crisis.
*Cushing up 508,000 bbls- EIA. In its weekly report, the U.S. Energy Information Administration said U.S. crude oil stocks fell by a greater-than-expected 2.07 million barrels last week, but inventories at Cushing, the delivery point for U.S. crude futures, rose 508,000 barrels.
Both Tiffany& Co and Express Inc rose after posting second-quarter revenue that topped expectations and raising their full-year profit views. On the downside, Chico's FAS Inc fell 3.2 percent to $15.51 after its results. Best Buy Co Inc was the S&P 500' s biggest percentage gainer, up 5 percent at $31.28, rebounding from a drop of 6.8 percent on Tuesday.
*Russia halted gas flows to Ukraine in June. KIEV, Aug 27- Ukraine warned Europe on Wednesday that Russia could cut off gas to the continent this winter, but Moscow responded that the supply of gas would continue regardless of politics.
*Closures comes amid Russia-West tensions over Ukraine. MOSCOW, Aug 27- Russian courts on Wednesday backed the temporary closure of three McDonald's restaurants in Moscow for breaches of sanitary rules, amid a standoff with the West over Ukraine, while the state food safety watchdog suspended work at a fourth.
WARSAW, Aug 27- Poland has asked for European Commission help to keep Russia from blocking Polish shipments of goods through Russian territory, the Polish infrastructure and transport ministry said on Wednesday.
MOSCOW, Aug 27- Renault, the major carmaker with most at stake in Russia, could turn a market crisis to its advantage as Moscow considers a subsidy scheme to steady demand and a weaker rouble undermines rivals that make fewer parts locally.
*Cushing up 508,000 bbls- EIA. LONDON, Aug 27- Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14- month low hit last week as traders monitored maintenance work in the North Sea and as U.S. crude oil inventories fell.
*FTSEurofirst 300 flat, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. Declines in individual shares included UK grocers Sainsbury and Tesco slipping 2.2 percent and 1.3 percent respectively after data from Kantar Worldpanel showed UK grocery market sales rose 0.8 percent in the 12 weeks to Aug. 17, a 10- year low.
ZURICH, Aug 27- Russian banks will require approval to issue long-term financial instruments in Switzerland, the government said on Wednesday, as it detailed measures to ensure it does not become a place for individuals or funds to avoid European sanctions on Moscow.