The U.S. will join the European Union this week in slapping new economic sanctions on Russia for its continued support of separatists in Ukraine.» Read More
In another sign of deteriorating relations, the U.S. government said Moscow had violated the Intermediate Range Nuclear Forces treaty.
FRANKFURT/ ZURICH, July 29- Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
Over 2,000 years since the the Hippocratic Oath was introduced there are calls for bankers to follow suit, in an effort to prevent another crisis.
DONETSK, Ukraine, July 29- On the last day of May, a surface-to-air rocket was signed out of a military base near Moscow where it had been stored for more than 20 years. Reuters was unable to verify its authenticity with the Russian military, and Moscow has consistently denied arming the separatists in eastern Ukraine.
TOKYO, July 29- Atomic power's share of global electricity supply is at the lowest level since the 1980 s following the shutdown of Japan's reactors after the Fukushima disaster, and may fall further without major new plant construction.
BRUSSELS— The European Union's antitrust authority has approved the Polish government's 200 million-euro bailout for its ailing national carrier, LOT airlines. Star Alliance member LOT has been in financial difficulty for several years. Poland then proposed the 200 million-euro capital injection to help LOT regain its long-term viability by 2015..
LONDON, July 29- Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week.
*Renault cost-cutting boosts margin as sales decline. PARIS, July 29- Renault made progress towards a core profitability goal as cost-cutting helped to counter currency headwinds in the first half, the French carmaker said, but sales and cash flow suffered ahead of the replacement of key models.
MOSCOW, July 29- Russian stocks dipped in volatile trade on Tuesday, extending the previous day's huge losses as investors awaited a broad round of economic sanctions the European Union is preparing to impose on Russia over the Ukraine crisis. They will not look cheap at current levels, "said Geldy Soyunov, senior analyst at Alfa Bank in Moscow.
LONDON— Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
European shares were flat in morning trade with investors reacting to corporate earnings and looking ahead to fresh sanctions against Russia.
*Russia mkts steadier after three days of selling, nerves remain. *China& Hong Kong shares buoyed by economic& stimulus hopes. LONDON, July 29- World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.
*BP results see muted reaction after Russia warning. EDINBURGH, July 29- European shares were unchanged on Tuesday, as encouraging corporate results were offset by the threat of economic fallout from more sanctions against Russia.
*BP the biggest foreign investor in Russia with Rosneft stake. LONDON, July 29- Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
FRANKFURT, July 29- Deutsche Bank's plan to become "the last man standing" in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income.
*Libya slides into chaos, but market expects low output. LONDON, July 29- Brent crude oil stabilized around $108 a barrel on Tuesday as ample supply offset geopolitical tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.
*McDonald's Japan has changed suppliers after scandal in China. TOKYO, July 29- McDonald's Holdings Co withdrew its earnings guidance for the year on Tuesday and said it was working on a contingency plan after a major meat supplier in China was shut down by regulators for food safety breaches.
In a rare videoconference call with President Barack Obama on Monday, the leaders of Britain, Germany, Italy and France expressed their willingness to adopt new sanctions against Russia in coordination with the United States, an official French statement said.
*New Zealand dollar slips after Fonterra cuts payout forecast. LONDON, July 29- The New Zealand dollar was the main loser among developed world currencies on Tuesday, down almost half a percent on a sign of weakness from the country's influential dairy sector.
LONDON, July 29- A U.S. investor is suing Barclays Plc and current and former bosses over losses suffered after New York's attorney general accused the British bank of lying to customers regarding its electronic trading platform.