The poll that shows not one majority in any Ukrainian region favours joining Russia March 4, 2014 Russia's incursion into Crimea has so far been justified on the grounds of protecting those citizens of Russian descent and Russian speakers. On Monday, Russian foreign minister Sergey Lavrov, at UN meetings in Geneva, said "this is a question of defending our citizens and compatriots, ensuring human rights, especially the right to life." However, these [...]
European markets are rising after reports of Russian pullback March 4, 2014 The FTSE 100 is up 1.3 per cent this morning, the Dax over one per cent and the CAC 40 1.5 per cent. Spain’s Ibex 35 and Italy’s FTSE MIB are both up over one per cent. The rebound follows the sharp knocks bourses took yesterday on growing tensions in Ukraine. Russian stocks are rallying [...]
What you need to know before the open March 4, 2014 Russia’s stock market has jumped five per cent this morning, a rebound from yesterday’s catastrophic fall of over 10 per cent. The rebound could be a response to reports that Russian troops have been ordered back to their bases, which also mean European markets should open higher this morning. The US has suspended military relations [...]
Russia sees shares rebound as it says Yanukovich asked for troops March 4, 2014 Russian shares have bounced back this morning with the Micex index climbing five per cent at the open, after suffering a 10.8 per cent crash yesterday. The stock market is currently up three per cent, possibly responding to reports that Russian troops have been ordered back to their bases. It's also come to light this [...]
Asian markets show resilience in face of Ukraine chaos March 4, 2014 Asian shares are showing resilience despite high levels of uncertainty surrounding the situation in Ukraine. However, many investors are seeking a safe haven in assets such as gold as tensions rise. Last night, world leaders condemned Russia's invasion of Ukraine while Britain, America and the EU vowed to boycott the planned G8 meeting in Sochi. [...]
Market chaos as war fears mount March 3, 2014 World leaders compare Russia’s threat to Ukraine to Soviet era tactics WORLD leaders last night condemned Russia’s invasion of Ukraine, demanding that troops pull out of the country and leave its politicians to organise new elections in peace. The crisis hit home in the City as investors fled shares of firms exposed to Russia and [...]
The document revealing draft plan to protect UK economy from trade sanctions March 3, 2014 A LEAKED government document has revealed plans to protect the UK economy and financial interests in London by avoiding UK trade sanctions against Russia. The papers, understood to be draft notes ahead of a meeting of the National Security Council in Downing Street yesterday, said ministers “should not support for now trade sanctions or close [...]
Warning that fuel prices could rise by 5p per litre March 3, 2014 ENERGY prices on the world markets jumped yesterday as turmoil in Ukraine pushed panicked traders to snap up supplies. Petrol prices could rise by as much as five pence per litre, the RAC warned, as Russia’s actions threaten to squeeze the supply of energy. Such a jump would reverse much of the fall in prices [...]
A trade war with Russia would be Lehman Bros 2 March 3, 2014 MORALITY and foreign policy make uneasy bedfellows. In 1997, when Tony Blair called for an ethical foreign policy, the country cheered; 17 years later, any politician calling for such idealism would be laughed out of town. After 9/11, Afghanistan, Iraq, Georgia, the Arab Spring and so on, a battlehardened realism is the order of the [...]
Worst day for Russian market since 2008 crash March 3, 2014 RUSSIAN stocks dived by 11 per cent yesterday, wiping around $60bn (£36bn) from the value of the companies – a loss of value even greater than the $51bn cost of the Sochi olympics. The country’s central bank hiked interest rates in an effort to stem the flood of money out of the country, attempting to [...]