• NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.

  • Brent crude oil for delivery in October was up 4 cents at $101.64 a barrel at 12:56 p.m. EDT, after falling to $101.07, the lowest level since June 2013, the same month Brent prices were last below $100 a barrel.

  • Ukraine may have an energy problem besides nat gas Tuesday, 19 Aug 2014 | 1:05 PM ET
    A destroyed railroad bridge over a main road leading to Donetsk, eastern Ukraine, on July 7, 2014.

    Ukraine is running low on coal because of violence in the country, according to two firms with energy operations there.

  • AstraZeneca says DOJ closes probe into drug trial Tuesday, 19 Aug 2014 | 12:39 PM ET

    WASHINGTON— British drugmaker AstraZeneca says the U.S. Department of Justice has closed its investigation into a clinical trial of the company's blood thinner Brilinta, and plans no further action. The London- based drugmaker said in a statement Tuesday: " AstraZeneca has always had absolute confidence in the integrity of the PLATO trial."

  • NEW YORK, Aug 19- Brent crude prices fell to a 14- month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.

  • NEW YORK, Aug 19- Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.

  • *Oil price at level seen as favourable by Saudi Arabia. LONDON/ DUBAI, Aug 19- OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers while higher seasonal demand in the coming weeks was expected to support the market.

  • COLUMN-Testing the aluminum stock financiers: Andy Home Tuesday, 19 Aug 2014 | 10:35 AM ET

    LONDON, Aug 19- The enigma machine that is the London aluminum market has shifted gears again. The front part of the London Metal Exchange curve has been tightening for several weeks now to the point that the shortest-dated spreads are currently in backwardation.

  • Thousands of intense earthquakes rock Iceland Tuesday, 19 Aug 2014 | 10:26 AM ET

    LONDON— Thousands of small intense earthquakes are rocking Iceland amid concerns that one of the country's volcanoes may be close to erupting. Iceland has raised its aviation alert level for the risk of a possible volcanic eruption to orange— the second-most severe level.

  • LONDON, Aug 19- Europe's banks have done the heavy-lifting in the toughest ever test of their financial strength, but an intensive quality assurance process and decisions still to be taken by supervisors means they can't work out how they've fared.

  • LONDON/ HELSINKI/ COPENHAGEN, Aug 19- Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports.

  • LONDON/ MELBOURNE- The world's biggest mining company, BHP Billiton, announces plans to spin off businesses worth an estimated $16 billion, most of them acquired in a 2001 merger, to focus on its most profitable activities.

  • Lower oil price adds to economic pressure on Russia Tuesday, 19 Aug 2014 | 8:39 AM ET

    *Short-term impact on Russia limited by conservative budget. MOSCOW, Aug 19- A fall in the price of Urals crude oil, the benchmark on which Russia bases its budget calculations, is adding to the government's problems at a time when western sanctions are already hurting the economy.

  • LONDON, Aug 19- Goldman Sachs and Libya's sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless.

  • LONDON, Aug 19- Goldman Sachs and Libya's sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless.

  • Niche, mainstream sellers carry kale into beauty Tuesday, 19 Aug 2014 | 7:42 AM ET

    Sprawled in ads on a bed of kale, British fashion darling Alexa Chung is the face of Nailkale, a new line of 12 nail shades from London- based Nails Inc. They just launched in the U.K. and will hit U.S. shelves in late August. Nails Inc. founder Thea Green was inspired by a couple of trips to New York City last year.

  • FOREX-Sterling, kiwi slide, jury out on dollar rally Tuesday, 19 Aug 2014 | 7:21 AM ET

    *Data also points to softer outlook for New Zealand dollar. WARSAW, Aug 19- Sterling and the New Zealand dollar were the main losers on major currency markets on Tuesday, hit respectively by a bigger than expected fall in inflation and lower government forecasts for growth.

  • LONDON, Aug 19- Britain's dominance in European natural gas trading is under threat from a Dutch trading hub where volumes are soaring, buoyed in part by Europe's utility companies who prefer to hedge their deals in euros. Britain has been the region's leading gas trading hub since North Sea oil and gas discoveries in the 1970 s made it Europe's main producer.

  • *Brent could test $100 but will meet strong support there. Brent crude oil prices for delivery in October were up 11 cents at $101.71 a barrel by 0940 GMT, after closing $1.93 a barrel lower on Monday, but traders said that the market remained weak.

  • Ex-Romanian politician, oil tycoon dies at 64 Tuesday, 19 Aug 2014 | 5:55 AM ET

    BUCHAREST, Romania— Dinu Patriciu, an emblematic politician from Romania's early post-communist years whose later career as an oil tycoon was marred by legal troubles, died Tuesday after a series of illnesses. Patriciu died Tuesday in a London hospital, said former Prime Minister Petre Roman, a family friend.