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.
BERLIN, July 22- Volkswagen's chief executive will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand.
*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.
LONDON, July 22- European shares rose on Tuesday on some strong earnings reports and signs of improved cooperation from Ukraine's pro-Russian rebels over the Malaysian Airlines plane shot down four days ago.
Delta Air Lines is canceling all flights to Israel until further notice, citing reports that a rocket landed near Tel Aviv's Ben Gurion Airport. A Delta Boeing 747 from New York was flying over the Mediterranean headed for Tel Aviv on Tuesday when it turned around and flew to Paris instead.
LONDON, July 22- Citi has hired Credit Suisse banker Nicolas Desombre to lead its investment bank in France, the latest in a series of senior hires in Europe to help strengthen its operations in the region. In a memo to employees seen by Reuters, Citi said Desombre will also run its global insurance business alongside Gautam Chawla.
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.
PARIS, July 22- Danone is expected to report a steep fall in first-half profit on Friday due to weak sales of baby food in Asia and dairy products in Europe, with some analysts skeptical it will see a big enough rebound to meet full-year targets.
BERLIN, July 22- Governments should take the lead in reviewing how risk assessments for airspace are made, the head of the International Air Transport Association said, sidestepping calls for a conference of global airlines on the matter.
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.
*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.
BRUSSELS, July 22- European Union foreign ministers threatened Russia on Tuesday with harsher sanctions over Ukraine, but tougher talk may not be matched by much action after France's president signalled the disputed delivery of a warship to Moscow would go ahead.
*Cautions on uncertainties in Hong Kong. ZURICH, July 22- Swatch Group on Tuesday warned of an uncertain outlook for its major market Hong Kong after reporting an 11.5 percent fall in first-half profits due to a strong Swiss franc, costs linked to the Sochi Olympics and a factory fire.
BRUSSELS, July 22- European Union foreign ministers threatened Russia on Tuesday with harsher sanctions over Ukraine, but tougher talk may not be matched by much action after France's president signaled the disputed delivery of a warship to Moscow would go ahead.
*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.
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.
*Credit Suisse to exit commodities trading. ZURICH, July 22- Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc settlement with U.S. authorities over helping its clients evade taxes.