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Germany clears $6.9 billion RWE unit sale to Russian investor

Germany's economy ministry approved the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis.

Aug 22, 2014 10:46 AM EDT


Ukraine accuses Russia of invasion after aid convoy crosses border

Ukraine declared on Friday that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border into eastern Ukraine where pro-Russian rebels are fighting government forces.

Aug 22, 2014 10:04 AM EDT


Business growth slows in China and Europe, Russia sanctions still to bite

Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.

Aug 21, 2014 2:41 PM EDT


Dutch spend 461,000 euros to fence off king's Greek holiday home

The Dutch government paid 461,000 euros ($615,000) to erect a fence around King Willem-Alexander's seaside villa in southern Greece, RTL News reported on Wednesday, drawing media criticism and demands for an explanation.

Aug 21, 2014 2:30 PM EDT


Business growth slows in China and Europe, Russia sanctions still to bite

Business growth in China and across Europe slowed this month, surveys showed on Thursday, providing more evidence that the world economy is stuttering and may need more monetary stimulus to keep it going.

Aug 21, 2014 2:24 PM EDT


Dollar breaks out to 11-month highs, eyes on Fed

The dollar jumped on Wednesday to its highest levels against the euro and a basket of major currencies since last September, returning to gains after a shaky start to August that called into question its broader strength.

Aug 20, 2014 3:36 PM EDT


Russian watchdog shuts four McDonald's restaurants in Moscow

Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.

Aug 20, 2014 3:14 PM EDT


China antitrust regulator fines two Japan auto parts makers

Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector.

Aug 19, 2014 3:03 PM EDT


UK inflation falls more than expected; 2014 rate rise less likely

British inflation fell more than expected in July and surging house price growth slowed in June, making it less likely the Bank of England will raise interest rates this year.

Aug 19, 2014 3:00 PM EDT


Lehman's London staff win $300 million pensions fight

More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank.

Aug 19, 2014 2:59 PM EDT


Heinz recalls four batches of infant food in China

Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday.

Aug 19, 2014 2:57 PM EDT


Banks to return 2.86 billion euros in crisis loans to ECB next week

Banks will return 2.861 billion euros ($3.83 billion) in long-term loans to the European Central Bank next week after the ECB started to charge for holding banks' excess cash overnight and promised more long-term loans.

Aug 15, 2014 3:58 PM EDT