US Treasury lifts sanctions on aluminium and power firms linked to Putin ally Deripaska January 28, 2019 The US treasury has lifted sanctions on three companies linked to Russian oligarch Oleg Deripaska – an ally of President Vladimir Putin – despite efforts by Democrats to maintain trade restrictions on the companies. Aluminium giant Rusal, En+ Group and power firm JSC EuroSibEnergo are beneficiaries of the department’s decision to lift restrictions, after Republicans [...]
Inquiry into Deutsche Bank links with Trump launched by US House Committees January 25, 2019 Deutsche Bank confirmed that it had received an inquiry from two US House Committees last night, in a development that comes at the height of Democrat interest in investigating links between Trump and the bank. "The bank has received an inquiry from the House Financial Services and Intelligence Committees," Deutsche Bank said today. "Deutsche Bank is [...]
Gold miner Petropavlovsk looks to gilded year after processing plant opens ahead of schedule January 23, 2019 Anglo-Russian miner Petropavlovsk struck gold today as shares rocketed on the news it expects production to grow by up to 77,000 ounces this year after a new plant opened ahead of schedule. The company said it is targeting gold output of around 450,000 to 500,000 ounces in 2019, up from 422,300 last year. Read more: Gold [...]
Danske Bank faces shareholder action over money laundering scandal January 22, 2019 Danske Bank is facing shareholder action from investors seeking compensation over a €200bn (£175.6bn) money laundering scandal. IMF Litigation Funding Services, Njord Law and Quinn Emanuel allege that Denmark’s largest bank failed to disclose the scale of the crisis to investors, causing them to lose vast amounts of money. Read more: Danish minister says Danske Bank may [...]
The new Urus is the world’s fastest SUV and an altogether different type of Lamborghini January 21, 2019 Remember the furore when Porsche launched its go-faster SUV, the Cayenne, in 2003? Po-faced purists were appalled, yet car buyers were enthralled, and BMW, Land Rover et al soon followed suit. Today, the Cayenne’s popularity means Porsche has effectively become an SUV company that also builds sports cars. Rewind to 1986, however, and it was [...]
EU imposes sanctions on Russian military intelligence agents in wake of Salisbury chemical weapons attack January 21, 2019 The European Union has imposed sanctions on four Russian intelligence agents in connection with the chemical weapons attack in Salisbury on former Russian spy Sergei Skripal and his daughter Yulia. The 4 March attack put both the Skripal’s in a coma and led to the death of British woman Dawn Sturgess who was exposed to [...]
Public trust in Putin falls to new low as disposable income falls, new figures show January 21, 2019 Public trust in President Vladimir Putin has fallen to its lowest level in 13 years as Russians contend with new taxes and a sluggish economy. Confidence in Putin fell to 33.4 per cent last week, down more than 30 percentage points since its high in 2015 after the annexation of Crimea, according to state-owned polling [...]
29 reasons not to invest in the stock market January 21, 2019 Wars, disasters, economic strife and political instability have been persistent themes over the last three decades and they can affect people’s attitude towards investing. In many cases they make an already tough decision to part with your money and invest even harder, leading some to not invest at all. Behavioural scientists have a name for [...]
Special counsel Robert Mueller’s office rebuffs reports Trump told ex-lawyer Cohen to lie to Congress January 19, 2019 US special counsel Robert Mueller’s office has disputed parts of a media report which claimed President Donald Trump directed his former lawyer to lie to Congress about a real estate deal in Moscow. Buzzfeed News reported late on Thursday that Michael Cohen, Trump’s former lawyer and so called fixer, told investigators into Russian collusion that [...]
Global trader Louis Dreyfus to exit dairy sector as part of strategic overhaul January 16, 2019 Louis Dreyfus Company (LDC), one of the world's biggest agricultural commodity traders, announced today that it will exit its dairy business by mid-2019. The company, majority-owned by Russian-born heiress Margarita Louis-Dreyfus, has already separated the dairy business from the rest of its operations and intends either to wind down the division or find a buyer. [...]