With the oil price higher, a credible central bank and warmer relations with the US, Russia’s stock market and the rouble could rise even further this year January 10, 2017 Since Donald Trump’s election, investors have embraced his tax-cutting, regulation-ripping agenda, and have been resolute in backing perceived winners and dumping losers. Developed markets are in; emerging ones are out – the obstinate tycoon must be pleased. Since 9 November, the promise of higher fiscal spending in the US has raised bond yields, and caused the [...]
Fifa set to expand World Cup to 48 teams – and bank $1bn in extra revenue January 9, 2017 Controversial but highly lucrative proposals to expand the World Cup from 32 teams to 48 from 2026 are expected to be rubber-stamped by governing body Fifa on Tuesday. Critics say the plans, advanced by Fifa president Gianni Infantino, will dilute the overall standard, produce less exciting matches and could increase the likelihood of teams colluding. [...]
Oil falls two per cent as concerns rise that increase in US production will undercut Opec deal January 9, 2017 Oil prices fell more than two per cent today after figures indicated US production is growing and could undercut global deals to cut supplies and boost the global market. Data released by US oilfield services provider Baker Hughes today showed US energy companies added oil rigs for a 10th week in a row to 529, extending a [...]
The chess player and his needy friend: What Vladimir Putin really wants from Donald Trump January 9, 2017 Chess players are a particularly rare bird in the political risk ecosystem. The only major aim of such chess playing – and it is certainly an important one – is the acquisition and retention of political power over the long term. Chess players’ dogged, patient, rational, long-term pursuit of coherent strategic, political and geopolitical ends [...]
A new US intelligence report says Russia helped Trump win the US election, but gives little evidence of how January 7, 2017 The Russian government helped Donald Trump win the US election by discrediting his rival Hillary Clinton, US intelligence agencies said in a report released last night. "We assess Russian President Vladimir Putin ordered an influence campaign in 2016 aimed at the US presidential election," the report said. "We further assess Putin and the Russian government developed [...]
Everton sell training ground naming rights to company co-owned by Arsenal investor Alisher Usmanov and majority shareholder Farhad Moshiri January 6, 2017 Everton's training ground will be renamed USM Finch Farm after the Premier League club agreed a naming rights deal with the holding company for the businesses owned by Arsenal shareholder Alisher Usmanov. USM Holdings, which is also part-owned by Everton majority shareholder Farhad Moshiri, counts Russia's largest mining company Metalloinvest, Russian social network VKontakte and stakes [...]
Six things we know about Sir Tim Barrow, the UK’s new ambassador to the EU January 5, 2017 The Foreign Office moved rapidly yesterday to recruit a new ambassador to the EU, announcing senior diplomat Sir Tim Barrow's appointment within 48 hours of the resignation of his predecessor, Sir Ivan Rogers. But what do we know about the new man? Read more: Former EU ambassador “couldn't be trusted” by ministers says IDS 1. [...]
City Moves for 5 January 2017 | Who’s switching jobs January 5, 2017 Colliers International Global real estate advisor, Colliers International, has recruitedKaty Rogers to its EMEA corporate solutions team. Katy, the newly appointed senior portfolio manager, will be responsible for managing client relationships, maintaining real estate strategies and coordinate day-to-day management of real estate transactions. Katy joins Colliers with five years of account and property management experience [...]
The oil price rally has pushed petrol and diesel prices to their highest levels in 18 months January 5, 2017 Petrol and diesel prices rose by around 3p a litre in December, taking the fuels to their priciest levels since July 2015. An oil price rally triggered by a production cut among members of the Organisation of the Petroleum Exporting Countries (Opec) at the end of November pushed up the wholesale costs for both fuels [...]
The UK’s former ambassador to Russia has been appointed to replace Sir Ivan Rogers January 4, 2017 Theresa May has found a new ambassador to the EU less than 48 hours after Sir Ivan Rogers resigned from the role. The UK's former ambassador to Russia Sir Tim Barrow will take on the job following Rogers' departure. Barrow served as ambassador to Russia between 2011 and 2015, having previously also served as the UK's [...]