Uros Cufer, finance minister of Slovenia, says tough sanctions are "hurting" the European economy and a "softer touch" should be adopted by the European Union.» Read More
Foreign ministers meeting in Geneva agreed "initial concrete steps" to de-escalate the situation in Ukraine, they said in a joint statement.
WASHINGTON, April 17- The U.S. Federal Reserve's Board of Governors took the unusual step of considering an enforcement issue on Thursday, less than two months after Chair Janet Yellen pledged that top officials would have more direct involvement in such decisions.
President Obama answers questions about the state of Ukraine and Russia's diplomatic handling of the crisis.
*Signs of diplomacy seen to ending violence in Ukraine. NEW YORK, April 17- The yen fell on Thursday as efforts toward finding a diplomatic solution to ending violence in eastern Ukraine prompted traders to trim safe-haven yen holdings ahead of the Easter holiday weekend.
CNBC's Steve Sedgwick provides an update from Geneva, where Ukraine talks are taking place.
NEW YORK/ LONDON, April 17- Platinum prices fell to their lowest in more than two weeks on Thursday, reversing initial gains after South Africa's biggest platinum producers offered to raise wages for miners in a bid to end a 13- week-old strike that has curbed metal output.
*U.S., Russia, Ukraine and EU issue joint statement. LOS ANGELES, April 17- Brent crude oil fell on Thursday after the United States, Russia, Ukraine and the European Union joined to call for an end to the violence in Ukraine, taking some risk premium out of the market, while U.S. oil rose on positive economic data.
Secretary of State John Kerry comments after a meeting in Geneva with Russian Foreign Minister Sergey Lavrov and representatives of the EU and Ukraine.
CNBC's John Harwood reports on a joint statement from finance ministers on Ukraine in advance of Secretary of State John Kerry's remarks.
CONAKRY, April 17- Guinea will announce the cancellation on Thursday of two iron ore concessions held by BSG Resources and its joint venture partner, Brazilian mining giant Vale, a senior government source said.
Quarterly results from Morgan Stanley, Goldman Sachs and General Electric improved risk sentiment, though results from tech heavyweights Google and IBM Corp were disappointing. "When we look at the U.S. results coming out today, there was a predominantly positive beat overall," Gerhard Schwarz, head of equity strategy at Baader Bank, said.
The head of a leading Russian hypermarket chain has shrugged off the ongoing crisis in Ukraine, and signaled willingness to open a store in Crimea.
LOS ANGELES, April 17- Brent crude oil climbed above $110 a barrel on Thursday as rising tensions in Ukraine raised fears of potential supply disruptions from Russia. With Russian troops massed on the border with Ukraine and three separatists killed overnight in eastern Ukraine, prospects of defusing the crisis at talks in Geneva appeared slim.
LONDON, April 17- Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London- based buyout firm Permira in a sale worth about 450 million euros, four sources close to the deal told Reuters.
Data compiled by Thomson Reuters shows that accumulation is happening mostly in Mexico, South Korea and Taiwan, which benefit from the U.S. economic recovery. India, Turkey, Brazil and South Africa bore the brunt of last year's emerging markets sell-off.
Alan Mendoza, executive director at the Henry Jackson Society, and Simon Ballard, head of credit strategy at National Australia Bank, discuss the crisis in Ukraine and the impact on markets.
LONDON— Britain's only Green Party lawmaker has been acquitted of charges stemming from her participation in a protest against shale gas extraction. Caroline Lucas was arrested in August after she and other demonstrators linked arms outside a fracking site near the southern English village of Balcombe.
BUENOS AIRES, April 17- Argentine President Cristina Fernandez is reversing some of the populist policies that defined her first six years in power and will have little choice but to stick to the new, more pragmatic path over the remaining 20 months of her final term.
*Loss includes bank recapitalisation, Somerfield charge. LONDON, April 17- Britain's Co-operative Group made a loss of 2.5 billion pounds in 2013, capping the worst 12 months in the mutual's 150- year history and ramming home the need for radical reform if it is to survive.
*Morgan Stanley says "strong performance" bolstered FICC. LONDON/ NEW YORK, April 17- Goldman Sachs and Morgan Stanley both cited stronger commodities trading as a bright spot in the first quarter, fueled at least in part by extraordinary volatility amid the coldest U.S. winter in three decades.