Markets wobble as Obama looks to push sanctions against Russia August 28, 2014 US PRESIDENT Barack Obama yesterday said the US would look for ways to expand economic sanctions on Russia, after Kiev accused Moscow of moving troops into south eastern Ukraine. But he stopped short of calling the recent Russian aggression an invasion. US stocks edged lower as growing tensions snapped focus back to the volatile region, [...]
Snoozebox signs deal to provide pop-up hotels at 2018 World Cup August 28, 2014 Snoozebox said yesterday it had struck a deal to supply Saransk in Russia with pop-up hotels for fans attending the 2018 World Cup. The operator of portable hotels at events such as the British Grand Prix confirmed it had signed a preliminary agreement with organisers at the host city and said “a feasibility study and [...]
Petropavlovsk warning on sanctions risks August 28, 2014 LONDON-listed gold mining company Petropavlovsk yesterday saw its shares fall sharply after it warned that sanctions on Russia could have a “significant impact” on the group. The company said it had achieved record gold production in the first half of 2014. However, with some of its main lenders such as Russian banks VTB and SberBank [...]
New York Report: Wall St takes a tumble over world concerns August 28, 2014 US STOCKS edged lower yesterday, after the latest tension between Ukraine and Russia snapped the focus of investors back to the volatile region. However, a trio of economic reports pointed to improving conditions and helped mitigate declines. The second reading of gross domestic product showed the US economy rebounded more strongly than initially thought in [...]
David Cameron warns of “further consequences” if Russia continues to invade Ukraine August 28, 2014 David Cameron has said he is "extremely concerned" by evidence Vladimir Putin has launched a full-blown invasion in eastern Ukraine, warning there will be "further consequences" if Russia doesn't pull them out. In a statement this afternoon, the Prime Minister said the Russian president was "completely disregarding" the sovereignty of its neighbour. The international community [...]
German bonds hit record low as tensions between Ukraine and Russia simmer August 28, 2014 Investors piled into "safe haven" assets this morning, pushing the German 10-year bond yields to a record low after Ukrainian president Petro Poroshenko cancelled a trip to Turkey citing "Russian troop deployments". In a televised statement, Poroshenko said his "place is in Ukraine", adding that he was calling a meeting of the security council "due [...]
McDonald’s to take legal action against Russian restaurant ban August 27, 2014 Fastfood giant McDonald’s yesterday hit back against the closure of five of its restaurants in Russia over what the country’s food regulator Rospotrebnadzor claimed were sanitary problems. Maxim Titarenko, a lawyer representing the fastfood company, protested: “The violations mentioned by the Rospotrebnadzor have already been eliminated or are being eliminated.” McDonald’s said in a statement: “We do [...]
McDonald’s set to fight back against Moscow crackdown August 27, 2014 After Russian courts ordered the closure of four McDonald's branches for 90 days, the global food giant has responded saying it will appeal the rulings and is scrutinising the decision made by the courts. "We do not agree with the court's resolution and will appeal against this resolution in accordance with the procedure established by [...]
Ukraine crisis: President Poroshenko vows commitment to end fighting August 27, 2014 Ukraine's President Petro Poroshenko has vowed his commitment to end fighting between Ukrainian troops and pro-Russian separatists in the east of the country. His announcement followed two hours of direct talks with Russian President Vladimir Putin in Belarus; the first time such talks have taken place between the two leaders. "A roadmap will [...]
Europe will depend on Russian gas for decades, Fitch warns August 26, 2014 Europe will be reliant on Russian gas for at least the next decade with little alternative, analysts have claimed. Ratings agency Fitch issued a stark note yesterday, warning that Europe will continue to depend heavily on natural resources from President Vladimir Putin’s nation despite the race to diversify energy sources on the continent. “Any attempt [...]