Russia reacted angrily on Saturday to additional sanctions imposed by the European Union over Moscow's role in the Ukraine crisis.» Read More
SANCTIONS ANNOUNCED ON JULY 16 ARE VIOLATION OF WTO RULES.
RUSSIAN WTO ENVOY SAYS U.S.
RUSSIAN WTO ENVOY SAYS IT LOOKS LIKE SANCTIONS ARE FORCING RUSSIA TO LAUNCH TRADE DISPUTE.
*EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.
TOKYO— World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia.
PARIS, July 24- France's prime minister on Thursday called for the European Union to do more to help those member states carrying out reforms and reiterated France's views that the euro is overvalued.
Top ranked is Norway, followed by Australia, Switzerland, the Netherlands and the United States. Slovenia ranks first in gender equality, a figure taking into account factors such as maternal death rates and teen pregnancies, followed by Switzerland, Germany and Sweden.
*Weidmann says Britain gets economic lift from EU membership. LONDON, July 23- The head of the Bundesbank appealed to Britain on Wednesday to stay in the European Union, saying membership of the bloc had given the country an economic lift and posed little threat to London.
SAN FRANCISCO/ FRANKFURT, 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.
WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year.
WASHINGTON— U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. That's below last year's 1.9 percent pace and would be the slowest annual rate since the recession ended in June 2009.
*Germany makes up third of EU exports to Russia, worth 36 bln euros. 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.
IMF SAYS RISKS TO OUTLOOK INCLUDE SLOWER GROWTH IN EMERGING MARKETS, OIL PRICE SPIKES TIED TO UKRAINE OR IRAQ, EARLIER THAN EXPECTED U.S.
WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow even more slowly this year than it predicted a month ago due to weakness in the first quarter. The IMF said the world's largest economy should grow 1.7 percent in 2014, below its June prediction of 2 percent growth.
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.
IMF SAYS FED CAN KEEP POLICY RATES AT ZERO FOR LONGER THAN MID-2015 IF INFLATION STAYS SUBDUED, SEES GRADUAL RATE NORMALIZATION.
IMF CUTS U.S. 2014 GROWTH FORECAST TO 1.7 PCT FROM JUNE FORECAST OF 2 PCT DUE TO FIRST-QUARTER GROWTH REVISION.
*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.