FTSE loses some fizz as Coca-Cola HBC share price sinks 5pc – London Report August 8, 2014 BRITAIN’S top shares yesterday slipped after sobering results from insurance companies and from bottler Coca-Cola HBC. The FTSE 100 ended down 38.79 points, or 0.6 per cent, at 6,597.37 points, its lowest close since 16 April, meaning it had fallen more than three per cent since a peak seen at the end of July. The [...]
New York Report: US stocks slide on geopolitical concerns August 8, 2014 US STOCKS ended lower yesterday, with concerns over a sanctions faceoff between Russia and the west erasing morning gains on upbeat jobs data. The Dow Jones industrial average fell 75.46 points, or 0.46 per cent, to 16,367.88, the S&P 500 lost 10.69 points, or 0.56 per cent, to 1,909.55, and the Nasdaq Composite dropped 20.09 [...]
Russia’s food ban sanctions against EU farmers threaten Eurozone August 8, 2014 Sanctions slapped on EU farmers by the Russian government could help to push Eurozone inflation even lower, potentially forcing price growth into negative territory. Inflation in the euro area is already running at just 0.4 per cent, where even a small drop could push the region into deflation. Economists fear the single currency could [...]
Global free trade faces a fragmented future – but we shouldn’t give up yet August 7, 2014 What is the point of the World Trade Organisation (WTO), the global body dedicated to helping trade flow smoothy and freely across the world? Before the collapse of talks last week on implementing an agreement on global trade facilitation, lauded at the time of its inking as a historic turning point for an increasingly moribund [...]
Draghi: Ukraine crisis a threat to the Eurozone economy August 7, 2014 Mario Draghi, president of the European Central Bank (ECB), today admitted that the Ukraine crisis represented a threat to the Eurozone economy. The geopolitical concerns surrounding the Ukraine crisis and in particular the import ban imposed by Russia, were highlighted as a potential risk to European economic outlook by Draghi, but he insisted that [...]
Mapping the world’s super-ageing countries: Shock data shows which nations are growing old fastest August 7, 2014 The world is becoming a grey planet. By the United Nations's (UN) definitions, 60 per cent of the countries rated by Moody's will be ageing in 2015. By 2020, 13 countries will officially be super-ageing, a huge increase on the three countries that qualify as super-aged today. By 2030 there will be 34. The UN ranks [...]
Edward Snowden granted another three years of residency by Russia August 7, 2014 US whistleblower and fugitive Edward Snowden has been given an extra three years of residency in Russia, according to his lawyer Anatoly Kurcherena. On 31 May last year, Snowden fled from the US after leaking information about the surveillance and phone-tapping activities of the National Security Agency, of which he was an employee at [...]
Adidas profit falls despite strong World Cup August 7, 2014 Adidas profit is down 16 per cent for the second quarter of the year, forcing the sportswear company to admit it will fail to reach business targets for the year. The German brand says it has taken a hit from poor North American sales, a struggling golf brand and Russia’s continuing conflict with Ukraine. [...]
Russia retaliates against West with ban on food imports August 7, 2014 Russia is imposing a “full embargo” on food imports from some Western countries, in what is seen as a retaliation against the West's increasing sanctions against Russia. The news was announced by Russian Prime Minister Dimitry Medvedev during a televised speech to the government. He listed fish, meat, milk and other dairy products [...]
Russian markets drop further as Putin unveils new food sanctions August 6, 2014 RUSSIAN stocks took another hit yesterday, as the government in Moscow announced the expansion of its retaliatory sanctions, hitting out against the EU’s agricultural sector in particular. The Russian Micex index dropped by another 1.68 per cent to 1,335.14. The index has dropped by more than a tenth since the first week of July, before [...]