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  • *Some companies are shelving or cancelling projects in Russia. WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.

  • West's targeted Russian sanctions ensnare investors Wednesday, 2 Apr 2014 | 11:19 AM ET

    WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.

  • *Red Hat profit beats expectations, but outlook weak. NEW YORK, March 28- U.S. stock index futures rose on Friday, lifted by remarks from China's Premier Li Keqiang that the Chinese government was ready to take steps to support its economy. *The prospect of slowing growth in China, the world's second-largest economy, has long been a market headwind.

  • Wal-Mart sues Visa for $5 billion over card swipe fees Thursday, 27 Mar 2014 | 6:36 PM ET

    March 27- Wal-Mart Stores Inc this week sued Visa Inc for $5 billion, accusing the credit and debit card network of excessively high card swipe fees, several months after the retailer opted out of a class action settlement between merchants and Visa and MasterCard Inc..

  • KIEV/ MOSCOW, March 27- Ukraine won a $27- billion international financial lifeline on Thursday, rushed through in the wake of Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad.

  • NOVO-OGARYOVO, Russia, March 27- President Vladimir Putin said on Thursday that Russia would develop its own credit card system to reduce reliance on Western-based companies and soften the potential blow from U.S. and EU sanctions.

  • NOVO-OGARYOVO, Russia, March 27- President Vladimir Putin warned the West on Thursday that curbing Russians' use of payment systems based in the United States and Europe would backfire by causing companies involved to lose money and market share.

  • MOSCOW, March 26- Russia has revived plans to develop its own card payment system to cut its dependence on Visa and Mastercard after U.S. sanctions led to disruptions in their services, its finance minister said on Wednesday.

  • Fannie Mae and Freddie Mac must not die: Dick Bove Tuesday, 25 Mar 2014 | 8:59 AM ET

    If Fannie and Freddie are allowed to die, it will crush home prices — and hurt the economy, says bank analyst Dick Bove.

  • Russian stocks face 'volatile and dangerous week' Monday, 24 Mar 2014 | 11:22 AM ET
    Pro-Russian militiamen in Belbek near the Crimean city of Sevastopol

    Russian stocks could be in for a bumpy ride this week as tensions in Crimea escalate and investors respond to growing fears about sanctions.

  • Russia sanctions: Who’s losing out so far Monday, 24 Mar 2014 | 11:17 AM ET

    The sanctions taken against Russia by the West over its annexation of Crimea are already having an impact.

  • MOSCOW, March 23- Visa Inc and MasterCard Inc have resumed services for payment transactions for clients at Russia's SMP bank, whose main shareholders were affected by U.S. sanctions, the bank said on Sunday.

  • *Russian ambassador to EU says Russia has no expansionist views. BRUSSELS, March 23- NATO's top military commander said on Sunday that Russia had a large force on Ukraine's eastern border and he was worried it could pose a threat to Moldova's separatist Transdniestria region.

  • MOSCOW, March 23- Visa Inc and MasterCard Inc have resumed services for payment transactions for clients at Russia's SMP bank, whose main shareholders were affected by U.S. sanctions, the bank said on Sunday. SMP had said on Friday that Visa and MasterCard had stopped providing services for payment transactions for clients at Russia's SMP bank.

  • California DMV probing possible credit card breach Saturday, 22 Mar 2014 | 7:37 PM ET
    A security guard patrols the empty parking lot of the State of California Department of Motor Vehicles (DMV) in Pasadena, California.

    The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.

  • LOS ANGELES, March 22- The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said. Representatives from MasterCard Inc and Visa Inc could not immediately be reached for comment.

  • COPENHAGEN/ FRANKFURT, March 21- A deepening economic standoff between Russia and the West over the future of Ukraine has rippled through trading floors and boardrooms, with exporters scrambling to protect revenues and some global financial firms halting services.

  • WASHINGTON, March 21- A U.S. appeals court upheld the Federal Reserve's controversial rules for debit card "swipe fees" on Friday, disappointing merchants who had argued the charges were too high. At the instruction of Congress, the Fed in 2011 limited the fees to 21 cents per transaction.

  • MOSCOW/ BRUSSELS, March 21- President Vladimir Putin signed laws completing Russia's annexation of Crimea on Friday, as investors took fright at a U.S. decision to slap sanctions on his inner circle of money men and security officials.

  • COPENHAGEN/ FRANKFURT, March 21- A deepening economic standoff between Russia and the west over the future of Ukraine has rippled through trading floors and boardrooms with exporters scrambling to protect revenues and global financial firms halting services.

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