Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.» Read More
NEW YORK, July 29- The U.S. dollar hit fresh eight-month highs against the euro on Tuesday and advanced against the yen and Swiss franc on expectations for positive U.S. economic data and a potentially more hawkish tone from the Federal Reserve.
HOUSTON/ BAGHDAD, July 29- Iraq scrambled to gain control of a cargo of Kurdish oil worth $100 million off the Texas coast on Tuesday after the U.S. ordered its seizure in a bid by Baghdad to halt oil sales by the autonomous region of Kurdistan.
WASHINGTON, July 29- The United States on Tuesday slapped sanctions on VTB, the Bank of Moscow, the Russian Agriculture Bank and the United Shipbuilding Corp over Moscow's support for separatists in eastern Ukraine, the Treasury Department said.
According to the Treasury Department, the U.S. penalties target the Bank of Moscow, the Russian Agricultural Bank and VTB Bank. Also listed on the Treasury designation is the United Shipbuilding Corp., which is based in St. Petersburg, Russia. Ahead of Obama's announcement, White House spokesman Josh Earnest welcomed the European sanctions.
*Has said he will fight if Russia resists paying $50 bln claim. MOSCOW/ TEL AVIV, July 29- Former Yukos executive and top shareholder Leonid Nevzlin will face an uphill struggle getting any of the money he lost when the Russian oil giant was seized and nationalized after falling foul of the Kremlin.
The White House also said Tuesday that the U.S. could announce new sanctions on Russia "as soon as today."
*EU reaches deal on Russia sanctions, prompts short rally. Brent futures pared losses after news that European Union governments agreed on Tuesday to impose additional economic sanctions on Russia.
NEW DELHI, July 29- With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. Party officials are confident New Delhi's tough line at World Trade Organization talks in Geneva will accomplish that.
Argentina is out of legal options to avoid paying a court-ordered $1.33 billion, plus interest, to the holdout creditors who declined to restructure their bonds.
*Adecco, Randstad seen benefiting from subsidies, auto sector. LONDON, July 29- Despite high unemployment, weak economic growth and complex labour laws, France is offering an unlikely glimmer of hope to beaten-down staff recruitment firms such as Adecco and Randstad.
BEIJING, July 29- Military drills are a new headache for China Eastern Airlines Corp and other Chinese carriers, causing hundreds of flight delays and cancellations as they grapple with a sharp decline in earnings. The delays could affect flights until mid-August, Beijing's Public Security Bureau said last week.
BERLIN/ FRANKFURT, July 29- The knock to confidence from harsher European sanctions on Russia could spoil the euro zone's budding economic recovery even if it shrugs off the fallout on trade.
*Caution on concerns of more sanctions against Russia. LONDON, July 29- European equities climbed on Tuesday, with strong earnings reports from companies such as engineer GKN and retailer Next outpacing the threat to the region's economy from further sanctions against Russia.
BERLIN, July 29- Major airlines are taking differing stances to flying over Iraq, reflecting the piecemeal approach airlines currently take to flying over conflict zones and ahead of an international meeting of industry representatives to discuss the issue.
In a report assessing how individual national policies could interact to undermine the world economy, the IMF also warned the conflict between Russia and Ukraine could reverberate to the rest of the region if sanctions against Russia escalate, hitting natural gas supplies to Europe and weakening European banks.
BOSTON, July 29- Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines-- Argentina and EMC Corp..
HOUSTON/ LONDON, July 29- U.S. authorities were set on Tuesday to seize a cargo of crude worth more than $100 million from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq's central government and the autonomous region.
Accountancy firm Deloitte LLP was appointed receiver of the skyscraper this year after one of the building's owners, Germany's Immobilien AG, went into bankruptcy protection. IVG and Evans Randall bought the tower in early 2007 for 600 million pounds from insurer Swiss Re, a record at the time for a building in London's financial district, known as the City.
AMSTERDAM, July 29- Dutch Foreign Minister Frans Timmermans said on Tuesday that sanctions on Russian capital markets being considered by European Union member states in response to the Ukraine crisis would have a "far-reaching and immediate effect".
European shares closed higher on Tuesday, as investors reacted to corporate earnings while keeping an eye for fresh sanctions against Russia.