Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.» Read More
Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.
*Sanctions restrict Sberbank's access to EU capital markets. MOSCOW, Aug 1- Russia's top lender, Sberbank, faces rising borrowing costs and a squeeze on its margins after being included in the latest European Union sanctions over the Ukraine crisis.
European shares reaccelerated losses on Friday afternoon to close the week lower, despite a weak employment report from the U.S.
LONDON— British police say a fire that gutted a landmark seaside pier in southern England may have been started deliberately. Sussex Police said Friday that they were treating the blaze at the 144- year-old Eastbourne Pier as suspicious.
NEW YORK, Aug 1- World stock markets traded lower on Friday following the previous session's Wall Street sell-off, while the dollar dipped after U.S. jobs data eased investors' worries Federal Reserve policymakers were tilting toward raising interest rates.
*Comment comes after India derails global trade talks over food security objections. NEW DELHI/ GENEVA, Aug 1- India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.
MOSCOW, Aug 1- Russia's new tax on sales, backed by President Vladimir Putin, illustrates growing economic strains from Western sanctions over Ukraine- and the lack of easy solutions. Yet Russia needs to plug the tax holes left by a slowing economy.
BUENOS AIRES, Aug 1- Argentina's government said on Friday it expected nothing favorable to come out of a court hearing in New York later in the day in its debt default case, as the country's domestic markets looked to optimism for an eventual deal.
BERLIN— Yahoo says it has filed a complaint to Germany's highest court against a year-old law that broadened copyright protection for news material used on the Internet. The law aims to protect the copyright of news articles and other material on the Internet, but allows the use of "single words or small text passages" without royalties.
*Move a response to tougher sanctions against Russia. *Lending to Russia down 100 million to 1.8 billion pounds. lending in Russia, responding to the prospect of toughening.
*Vote seals politically sensitive move of HQ from Italy. TURIN, Italy, Aug 1- Fiat shareholders approved the Italian carmaker's merger with its U.S. unit Chrysler on Friday, paving the way for a U.S. listing which the world's seventh-biggest auto group hopes will help fund an ambitious turnaround plan.
*At least 50 of them dead, including top doctors in S.Leone, Liberia. FREETOWN/ DAKAR/ LONDON, Aug 1- Jenneh became a nurse in Sierra Leone 15 years ago with the hope of saving lives in one of the world's poorest countries.
*FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.7 pct. *Banco Espirito Santo stock sinks 19 pct. But stocks remained deep in negative territory, with a broad index trading at 3-1/ 2 month lows, hurt by tension between Russia and the West, Argentina's default, as well as concerns around losses at Banco Espirito Santo.
CNBC takes a closer look at Iliad's backstory after the French group confirmed its bid to take over T-Mobile U.S.
*Game Digital re-emerges after old firm nearly went bust. Although overall growth trends still firmly favor online shopping, higher share prices flag investor faith in chains such as UK video-game retailer Game Digital, electrical-appliance group Dixons, and Swiss Mobilezone.
DETROIT, Aug 1- U.S. auto sales growth slowed a bit in July, with healthy gains from some manufacturers falling short of expectations, according to early returns from the major carmakers on Friday. Ford Motor Co reported a gain of 10 percent to 212,236 vehicles, slightly beating the analysts' average estimate of 9 percent.
DETROIT, Aug 1- U.S. auto sales look set to show healthy gains for July, but not as much as expected, according to early returns from the major carmakers on Friday.
LONDON/ MOSCOW, Aug 1- Mathematically Russia has enough reserves to hold out for at least two years before Western sanctions start to choke the economy, but it must avoid reawakening the "sleeping dragon" of investor panic.
*Says "commercial momentum remained healthy" in Russia in Q2. PARIS, Aug 1- French bank Societe Generale kept faith with its plans for growth in Russia on Friday a day after new EU sanctions targeted the Russian financial sector.
PARIS, Aug 1- Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.