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  • IMF SAYS ECONOMIC ACTIVITY TO ACCELERATE FOR REST OF THE YEAR, KEEPS 2015 FORECAST AT 3 PCT.

  • OUTPUT GAP IS CLOSE TO 4 PCT AT END-2013, COULD TAKE UNTIL 2018 TO CLOSE.

  • Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 10:05 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • KIEV, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of opposition from Russian gas producer Gazprom.

  • Lithuania to adopt euro currency in January Wednesday, 23 Jul 2014 | 7:38 AM ET

    BRUSSELS— The European Union is giving Lithuania the green light to adopt the euro currency starting next year. Alluding to the tensions with Russia over Ukraine, he added deeper integration with western Europe "means greater security as well." Lithuania's Baltic neighbors, Estonia and Latvia, are already members of the euro.

  • MOSCOW, July 23- Ukrainian Energy Minister Yuri Prodan said on Wednesday reverse gas flows from the European Union to Ukraine had fallen because of threats by Russian gas producer Gazprom. This is linked to certain actions by Gazprom, "Prodan told reporters, adding Ukraine first saw the decrease two weeks ago.

  • *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.

  • SAN FRANCISCO, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.

  • SANTIAGO, July 22- The International Monetary Fund on Tuesday projected Chile's economic growth will pick up pace in 2015 and broadly welcomed President Michelle Bachelet's ambitious tax and education reforms. Chile's economy grew by 4.1 percent last year.

  • *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.

  • 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.

  • 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.

  • 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.

  • EU extends Iran sanctions hold-off until November Monday, 21 Jul 2014 | 10:34 AM ET

    BRUSSELS— The European Union has agreed to keep holding off on some sanctions against Iran as negotiations continue on a comprehensive deal restricting the Islamic republic's nuclear program. On Saturday, they were extended until Nov. 24. On Monday, the EU extended its suspension of those sanctions, also until Nov. 24.

  • *Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.

  • India is the most prominent of a group of developing nations angry with rich countries for failing to address their concerns about a deal on trade facilitation struck by WTO member states in Bali, Indonesia, last year. In Bali, WTO members agreed to give India a pass on its stockpiles until 2017, while negotiating a permanent solution.

  • UNITED NATIONS, July 18- The United States said on Friday it could not rule out Russian help to separatists in Ukraine in firing an SA-11 surface-to-air missile that likely downed a Malaysian airliner in eastern Ukraine with 298 people on board.

  • UNITED NATIONS, July 18- The U.N. Security Council on Friday called for a "full, thorough and independent international investigation" into the downing of a Malaysian airliner with 298 people on board over Ukraine, urging all parties to grant investigators access to the site.

  • China's clout on show with BRICS bank formation Friday, 18 Jul 2014 | 9:04 AM ET

    MUMBAI, India— A developing nation version of the World Bank was formally agreed this week two years after India proposed the idea to Brazil, Russia, China and South Africa. India ensured a sense of parity with its insistence that each of the countries behind the New Development Bank contribute equal shares of $10 billion to its initial $50 billion capital.