Warning Russia that new sanctions are "teed up," President Obama accused Moscow of failing to live up to an agreement to ease tensions in Ukraine.» Read More
*Biden says in Kiev that Russia must act to defuse crisis. Vice President Joe Biden told Russia on Tuesday that "time is short" for action on defusing the crisis in eastern Ukraine, but Moscow refused to be rushed, saying it could handle any tougher economic sanctions the West might impose.
NEW YORK/ LONDON, April 22- ICE arabica coffee soared 8 percent on Tuesday to a more than two-year high after a major trade house cut its forecast for the 2014/ 15 Brazil crop, the latest of a string of reduced outlooks in recent months due to drought damage in the top producer.
Vice President Joe Biden traveled to Ukraine to express support for the country's new government, and to condemn Russia's actions in Crimea.
*Netflix results lift Wall St, deal talk buoys Europe. NEW YORK, April 22- Global equity markets rose on Tuesday, powered by solid U.S. corporate earnings and deal-making activity among European drugmakers, while the euro hovered near break-even on uncertainty whether the European Central Bank will further ease monetary policy.
The lamp, called Little Sun, provides clear, affordable energy to places dependent on costly and toxic kerosene lighting in sub-Saharan Africa, said Bloomberg Philanthropies, the charity of the billionaire businessman and former mayor. "Little Sun is bringing clean, safe, affordable light to people who don't have it today."
*Ukraine crisis lends support to Brent. U.S. crude fell $1.9 percent to $102.45 a barrel by 11:10 a.m. EDT while Brent crude was down 98 cents to $108.96 a barrel.
LONDON— Former News of the World editor Andy Coulson on Tuesday denied a claim that he listened to a hacked voicemail left by actress Sienna Miller for James Bond star Daniel Craig. The scandal led Rupert Murdoch to shut the newspaper and pay millions in compensation to hacking victims.
Otilia Dhand, vice president at Teneo Intelligence, says the upcoming Ukrainian presidential elections are unlikely to ease tensions on the ground.
NEW YORK, April 22- Investors trimmed their positions of U.S. dollars on Tuesday after a two-week run higher, unmoved by a U.S. Trading ranges remained narrow as Europe returned from the Easter holidays and faced uncertainty over whether European Central Bank policy will move toward more monetary stimulus.
BOSTON— An unmanned submarine has recorded some of the most detailed images of two American ships that sank off the coast of England during World War II, according to the Massachusetts company that surveyed the wreckage to mark the disaster's 70th anniversary.
*AstraZeneca jumps 6.3 pct on M&A talk. The STOXX Europe 600 health care index rose 3.2 percent as AstraZeneca rallied on speculation about a bid approach from U.S. major Pfizer, while a deal to swap assets boosted GlaxoSmithKline and Novartis.
*Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent oil fell towards $109 a barrel and the U.S. benchmark saw a sharper decline on Tuesday on forecasts of rising crude stocks as a faltering pact to ease tensions in Ukraine offered some support.
Vice President Joe Biden told Ukrainian presidential candidates and Parliament that the U.S. was ready to help Ukraine and they must fight corruption.
*Novartis to buy GSK's oncology assets for $14.5 bln. The deals, which include Novartis buying GSK's cancer drugs and GSK acquiring Novartis' vaccines business, came hot on the heels of a newspaper report that AstraZeneca had turned down a $101 billion bid approach from Pfizer- a story that sent shares across the sector surging.
DUBAI, April 22- Dubai's Emaar Properties reported a 55 percent rise in first-quarter net profit on Tuesday, as the region's economic recovery brought consumers back to its malls and shopping units, and house buyers returned to the market.
The price of oil slipped closer to $104 a barrel Monday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine. By early afternoon in Europe, U.S. crude for May delivery was down 42 cents to $103.95 in electronic trading on the New York Mercantile Exchange.
*Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent oil futures slipped below $110 a barrel on Tuesday but held near a six-week high as a pact to calm tensions in Ukraine faltered, while rising U.S. crude stockpiles weighed on prices. A four-way peace deal signed last week in Geneva to reduce tensions in eastern Ukraine has had limited impact so far.
With capital flooding out of the country, the stock market falling, the Crimea seizure is turning out to be a costly move.
*Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent futures slipped below $110 a barrel on Tuesday but held near a six-week high as a pact to calm tensions in Ukraine faltered, while rising U.S. crude stockpiles weighed on prices.
*Novartis to buy GSK's oncology assets for $14.5 bln. *Lilly to buy Novartis' animal health arm for $5.4 bln.