Private consumption spike helps Germany avoid recession in third quarter

(Reuters) - A sharp rise in private consumption more than compensated for stubborn weakness in investment, helping the German economy post modest growth in the third quarter and avoid recession, data showed on Tuesday.

Russia to create anti-crisis fund to aid sanctions-hit companies

(Reuters) - Russia will create a multi-billion dollar anti-crisis fund in 2015 of money destined for the Pension Fund and some left over in this year's budget to help companies hit by sanctions, Finance Minister Anton Siluanov was quoted as saying on Monday.

Ruble Strengthens With Bonds on Oil Rebound, U.S.Economic Data

The ruble, the most-volatile currency in emerging markets, strengthened along with global peers as Brent rebounded and disappointing U.S. economic data boosted speculation the Federal Reserve won’t rush to raise interest rates.

German industrial output fuels slowdown concerns

German industrial output rose 0.3% in June from May as concerns over the Ukraine crisis weighed on the economy.

Europe hits Russia's biggest banks

Europe has cranked up the pressure on Russia by including the country's top two banks on a list of sanctions.

German business '100 percent behind sanctions' if Putin doesn't help

(Reuters) - A German business leader who has previously warned against economic sanctions on Russia has come out in support of tougher action if President Vladimir Putin fails to cooperate on stabilizing the situation in Ukraine.

Bundesbank sees German economy stagnating in second quarter

(Reuters) - The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.