EU adds more individuals to Crimea sanctions list March 21, 2014 The EU has agreed to ramp up sanctions in the wake of Russia’s annexation of Crimea from Ukraine, imposing them on a further 12 individuals. The move follows President Barack Obama’s earlier confirmation that the US will be meting out further sanctions against Russia. The EU said it won’t accept the annexation now, or in [...]
Asian markets rise after biggest fall for seven months March 21, 2014 Asian shares have gained ground after suffering the biggest loss since August yesterday. The dollar strengthened on Federal Reserve chair Janet Yellen's suggestion that interest rates could rise in the first six months of 2015. Markets continue watch events in Ukraine unfold while Russia and the US traded sanctions. The US has imposed sanctions on [...]
US and Russia go tit for tat in sanctions row March 20, 2014 SANCTIONS against allies of Russian President Vladimir Putin were ramped up by the US government yesterday, targeting 20 more individuals and one of the country’s banks. Bank Rossiya and the listed men join the US Treasury’s specially designated nationals list, following Russia’s annexation of Crimea. Their assets in the US will be frozen, and US [...]
Letters to the Editor – 21/03 – Beer and bingo, Best of Twitter March 20, 2014 Beer and bingo [Re: No turning back: Four reasons Osborne’s Budget will matter, yesterday] This isn’t going to be remembered as the “slow and steady” Budget. It will be remembered as the “beer and bingo” Budget. This is unfortunate, because it will really be about savings and investment. Grant Shapps did George Osborne no favour. It [...]
Forget sanctions: Lame duck Obama is burying Pax Americana March 20, 2014 AS AN old DC hand living in Berlin, I was kindly invited to hear Barack Obama speak there in 2008 by some of my old foreign policy frenemies in the Democratic Party. I was present when candidate Obama’s white-hot global fame reached its apogee. In front of an old Napoleonic war memorial stood the anointed [...]
No turning back: Four reasons Osborne’s Budget matters March 19, 2014 FOUR key things strike me about the 2014 Budget. First, George Osborne stuck to his plan. Osborne’s Budgets will be remembered for two things: slow, steady, drawn-out spending cuts, bearing down gradually upon the government’s huge deficit; and a large rise in the income tax personal allowance. Both aspects were reflected in yesterday’s Budget speech. [...]
No turning back: Four reasons Osborne’s Budget matters March 19, 2014 FOUR key things strike me about the 2014 Budget. First, George Osborne stuck to his plan. Osborne’s Budgets will be remembered for two things: slow, steady, drawn-out spending cuts, bearing down gradually upon the government’s huge deficit; and a large rise in the income tax personal allowance. Both aspects were reflected in yesterday’s Budget speech. [...]
What you need to know before the open March 19, 2014 Europe is expected to open mixed this morning after Vladimir Putin said yesterday that he’ll respect the sovereignty of Ukraine, going no further than recognising Crimea as part of Russia. Foreign secretary William Hague’s accused Russia of a “land grab”, calling the situation the most serious test of European security this century. Of course, we’ve [...]
Asian markets calm ahead of Fed policy review March 19, 2014 Asian markets are having an indecisive day ahead of the Federal Reserve's policy review. Investors are keeping a close eye on the Ukraine situation but tensions appear to have cooled for the time being after Vladimir Putin's comments that Russia did not intend to annexe any other parts of Ukraine. However, Western leaders have promised [...]
Stocks rally after Putin speech despite Crimea tensions March 18, 2014 RUSSIAN markets rallied after a speech by President Vladimir Putin yesterday, bouncing back as he signalled an end to military aggression in Ukrainian territories. Putin signed a draft bill in Russia’s parliament to officially annex Crimea, saying that the peninsula was an integral part of Russia, but that he had no desire to further divide [...]