Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.» Read More
*Says impact on Yamal LNG of sanctions on Russia still uncertain. PARIS, July 30- Total has stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine, but that it is still too early to gauge the impact of new sanctions against Russia, the French oil major's top revealed with its second quarter results on Wednesday.
*Caution on concerns of more sanctions against Russia. LONDON, July 29- European equities climbed on Tuesday, with strong earnings reports from companies such as engineer GKN and retailer Next outpacing the threat to the region's economy from further sanctions against Russia.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
*Caution on concerns of more sanctions against Russia. LONDON, July 29- European equities climbed higher on Tuesday, with strong earnings reports from companies such as engineer GKN and retailer Next outpacing the threat to the region's economy from further sanctions against Russia.
*Russia accused by West of arming rebels in Ukraine. MOSCOW, July 29- Vladimir Putin risks becoming an international pariah over the Ukraine crisis but the Russian president is battening down the hatches for the gathering economic and political storm.
*Caution on concerns of more sanctions against Russia. July 29- European shares steadied on Tuesday, with earnings reports from companies such as British engineer GKN offset by the threat to the region's economy from any more sanctions against Russia by the West.
LONDON— Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
*BP results see muted reaction after Russia warning. EDINBURGH, July 29- European shares were unchanged on Tuesday, as encouraging corporate results were offset by the threat of economic fallout from more sanctions against Russia.
*BP the biggest foreign investor in Russia with Rosneft stake. LONDON, July 29- Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.
Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.
Peter Hutton, energy analyst at RBC Capital Markets, says BP will feel the "heat" with further sanctions on Russia, but there will be little impact operationally.
BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.
BP PLC fell$. 28 or. 5 percent, to $50.64. ConocoPhillips fell$. 73 or. 8 percent, to $85.19. Marathon Oil Corp. fell$. 28 or. 7 percent, to $40.23.
The Fed meets for two days, starting Tuesday, and is widely expected to taper back its monthly bond buying program by another $10 billion to $25 billion - and do little else.
BP PLC fell$. 31 or. 6 percent, to $50.61. ConocoPhillips fell$. 31 or. 4 percent, to $85.62. Exxon Mobil Corp. rose$. 76 or. 7 percent, to $103.94.
BP PLC fell$. 35 or. 7 percent, to $50.57. ConocoPhillips fell$. 46 or. 5 percent, to $85.46. Exxon Mobil Corp. fell$. 01 or percent, to $103.17.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
HOUSTON, July 25- Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
MOSCOW— Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.
BP PLC rose$. 20 or. 4 percent, to $51.39. ConocoPhillips fell$. 51 or. 6 percent, to $86.25. Exxon Mobil Corp. rose$. 03 or percent, to $104.28.