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Western Europe

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  • *Deutsche Bank to come under closer Fed scrutiny from 2016. FRANKFURT, July 23- The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters.

  • SINGAPORE/ KUALA LUMPUR, July 23- Singapore's civil aviation authority has asked airlines based in the city-state to review their risk assessment of conflict zones following the shooting down of a Malaysia Airlines jetliner over Ukraine last week.

  • Daimler revenue up; profit drops after 1-time gain Wednesday, 23 Jul 2014 | 2:00 AM ET

    BERLIN— Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined sharply after a big one-time gain last year.

  • 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.

  • *American cancels flight from Philadelphia to Tel Aviv. July 22- U.S. air carriers Delta Air Lines, American Airlines Group and United Airlines on Tuesday halted flights to Israel under directions from the U.S. Federal Aviation Administration to ensure passenger safety as turmoil in the region has intensified.

  • Business events scheduled for Wednesday Tuesday, 22 Jul 2014 | 1:54 PM ET

    WASHINGTON— Senate Environment and Public Works Committee hearing on the Environmental Protection Agency's proposed carbon pollution standards for power plants. WASHINGTON— Senate Commerce, Science and Transportation subcommittee hearing on legislation focusing on consumer protections and safety for cruise ship passengers.

  • *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.

  • LONDON, July 22- European shares bounced back on Tuesday on some strong earnings reports and after signs of cooperation between Russia and other nations in investigating the shooting down of a Malaysian airliner over Ukraine.

  • *Credit Suisse CEO says "potential abuses" in the system. *CEO Dougan says Credit Suisse is working with regulators. ZURICH, July 22- Credit Suisse, one of the biggest players in "dark pools", is working with regulators to stamp out potential abuses in the alternative trading venue, the boss of the Swiss bank said on Tuesday.

  • The flight stoppages came after Hamas, the militant group that dominates in the Gaza Strip, and its allies fired more rockets into Israel, triggering sirens in Tel Aviv. Meanwhile, Casey Norton, a spokesman for American Airlines, said an inbound and outbound flight operated by its US Airways unit between Philadelphia and Tel Aviv were canceled.

  • 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.

  • VW boss to address German workers over cost cuts Tuesday, 22 Jul 2014 | 11:45 AM ET

    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.

  • European shares bounce back as Ukraine tension ease Tuesday, 22 Jul 2014 | 11:25 AM ET

    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.

  • 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.

  • Flight bans show skittishness over trouble spots Tuesday, 22 Jul 2014 | 11:07 AM ET

    When U.S. and European airlines quickly canceled flights to Israel Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots following last week's downing of a passenger plane over Ukraine.

  • MOVES-Desombre joins Citi from Credit Suisse Tuesday, 22 Jul 2014 | 9:23 AM ET

    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.