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Russia's new MC-21: A challenge to Boeing, Airbus planes?

Russia's new MC-21: A challenge to Boeing, Airbus planes?

Russia on Wednesday presented a new medium-range passenger plane which state media said was superior to its Western-made counterparts in many respects. 

EU extends sanctions against Russia over Ukraine crisis

 The European Union has extended by six months a visa ban and asset freeze targeting several close associates of Russian President Vladimir Putin and others involved in Russia's annexation of Crimea and other territorial disputes in Ukraine.

Russia drops opposition to EU-Ukraine trade deal starting 2016: EU

Russia has dropped its demands for a further delay in a landmark EU-Ukraine trade deal at the heart of the Ukraine crisis and accepts that it will now begin next year, the EU said Monday.

Merkel eyes no sanctions decisions against Moscow at EU summit

German Chancellor Angela Merkel said Monday that EU leaders would not decide on new economic sanctions against Russia over the Ukraine crisis at their summit this week, but could do so in June.

Russia's Gazprom threatens to cut off gas to Ukraine, Europe

Russia`s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there -- and threatening supplies to the rest of Europe.

German economy stuns with unexpectedly strong growth in Q4

Germany grew by a much stronger than expected 0.7 percent in the fourth quarter of 2014, with domestic demand lifting Europe`s largest economy out of its mid-year lull to take growth for the whole year to 1.6 percent and raise hopes of a strong 2015.

Russian central bank sold $76 bn to prop up ruble in 2014: Data

The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.

Russia hikes key rate to 17% after record ruble tumble

The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.

Russian economy to shrink 0.8% in 2015: economy ministry

The Russian economy ministry slashed its economic forecast for 2015, announcing a contraction of 0.8 percent due to the pressure of Western sanctions over the Ukraine crisis and falling oil prices.

Oil prices down in Asia amid volatile trading

Oil prices fell in Asia Friday as dealers digested a mixed US inventory report and a new round of interest rate cuts by the European Central Bank, while keeping watch on the Ukraine conflict.

German factory orders shrug off `Putin effect`

Factory orders were up 4.6 percent in July compared with the level in June, the statistics office Destatis said in a statement. 

Germany runs up surplus of 1.1% of GDP in first half

Germany achieved a surplus in its public finances in the first half of this year, even though growth stalled in the second quarter, official data showed on Monday.

Russian food embargo smells like opportunity for Latin America

Russia`s embargo on US and EU food products has opened a window of opportunity for Latin America, which could capitalize on the Ukraine crisis to become a major food supplier to Moscow.

EU hits Russia with economic sanctions

After months of hesitation, the EU finally agreed Tuesday to impose economic sanctions against Russia, hoping to make it change course in Ukraine as fighting intensified around cities held by pro-Moscow rebels.

Asia stocks edge up as risk aversion wanes, euro languishes

The weaker euro dovetailed nicely with expectations for the European Central Bank to ease policy further with a gradual widening of interest rate differentials favouring the U.S. over Europe seen unfolding.

European stocks rebounds as Ukraine rebels hand over black boxes

In Asian trading, MSCI`s broadest index of Asia-Pacific shares outside Japan rose about 0.7 percent to be at its highest since 2011.

US stocks end lower as Ukraine, Gaza weigh on markets

At the closing bell, the Dow Jones Industrial Average dropped 47.07 points (0.28 percent) to 17,053.11.

Rupee opens flat at 60.29 vs US dollar

Traders expect the rupee to trade between 60.20-60.45 vs the US dollar.

Oil prices down in Asian trade

Tensions in the Middle East are also expected to put keep oil prices high.

EU adds 11 people to Ukraine sanctions blacklist

The European Union on Thursday slapped a travel ban and asset freeze on 11 people allegedly linked to separatist violence in eastern Ukraine.