The U.S. today sanctioned three Russian banks and a state-owned shipbuilder that serves Russia’s navy and oil and gas industry, joining with the European Union in escalating the penalties for Russia over Ukraine.
The downing of a Malaysian plane over an area of eastern Ukraine controlled by separatists has made tougher sanctions against Russia necessary, the German government said on Monday, a position that was backed by the country's main business lobby.
Malaysia is expected to rescue its flagship carrier with a fourth capital infusion since bailing out the airline after two tragedies and record cash burn, analysts at two of the nation’s biggest lenders said.
Germany’s push toward renewable energy is causing so many drops and surges from wind and solar power that the government is paying more utilities than ever to help stabilize the country’s electricity grid.
The Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases that have pumped up its balance sheet to a record $4.41 trillion.