Five charts that explain the case for emerging markets October 8, 2018 Investors generally understand the importance of emerging markets in terms of their economic impact but, perhaps due to lack of knowledge, often struggle to know how best to reflect this in their portfolios. Those investors have ignored what are some of the world's best-performing financial markets since the turn of the millennium. What is more, [...]
Danske Bank shares crash to four-year low over Russian money laundering October 5, 2018 Shares in Danske Bank plunged to four-year lows this morning, after reports of an internal memo suggested the bank executed up to €8.5bn (£7.5bn) in mirror trades for Russian customers in 2013. The bank's share price fell as much as 11 per cent this morning to 141.30 Danish crowns, its largest one-day drop in seven years. [...]
US indicts seven Russian agents accused in doping scandal cyber attack October 4, 2018 The FBI today said it has indicted seven Russian military intelligence (GRU) agents on allegations of conspiring to hack into computer equipment and steal information from a range of global sporting agencies, after Russia was condemned over a state-sponsored doping scheme. The charges, which include wire fraud and conspiracy to commit computer fraud and money laundering, [...]
UK warns of further sanctions against Russia as Nato weighs in on fresh hacking allegations October 4, 2018 The UK has said it will revise sanctions against Russia in light of today's cyber hacking allegations, working alongside other institutions as Nato joined the chorus of voices against Russian military intelligence (GRU). The statement, made by the UK's Dutch ambassador Peter Wilson on behalf of Europe minister Alan Duncan, said: "We will increase further our understanding of what [...]
Danske Bank faces US probe over €200bn money laundering scandal October 4, 2018 The crisis at Danske Bank deepened today as it confirmed that US authorities are investigating a €200bn money laundering scandal involving suspicious Russian money. Danske Bank has received "requests for information" from the US Department of Justice (DoJ) about the suspected money laundering which took place in its Estonian branch between 2007 and 2015. The [...]
UK and Netherlands put Russian military intelligence behind five cyber attacks October 4, 2018 Prime Minister Theresa May, in tandem with Dutch Prime Minister Mark Rutte, today said UK and Dutch authorities have identified a number of cyber attacks which came from a network of hackers employed by Russian military intelligence (GRU), including an attack on a UN watchdog. The UK's National Cyber Security Centre, supported by the Foreign Office, said the GRU [...]
Putin calls Novichok attack victim Skripal a ‘scumbag’ October 3, 2018 President Vladmir Putin has labelled ex-spy Sergei Skripal, who nearly died after being poisoned with Novichok in an international incident earlier this year, a “scumbag” and traitor. “Imagine: suddenly someone goes and betrays your country. What do you think about him? Anyone here from any country? He’s just a scumbag, and that’s it,” Putin said [...]
Art feud escalates as Russian billionaire targets Sotheby’s in $370m lawsuit October 3, 2018 A Russian fertiliser tycoon is launching legal action against Sotheby’s New York auction house in a dramatic twist to a bitter feud over billions of pounds worth of artwork. Dmitry Rybolovlev, a well-known socialite and president of AS Monaco football club, is taking the traditional art broker to Manhattan federal court through his companies for [...]
Third Russian spy reportedly carried out reconnaissance mission ahead of Salisbury attack September 28, 2018 Britain’s counter terrorism forces have identified a third Russian military intelligence officer who they believe carried out a reconnaissance mission before the poisoning of double agent Sergei Skripal in Salisbury, according to the Telegraph. Reports have emerged that an agent, who has yet to be named, is thought to have visited Salisbury to help [...]
Peter Hambro returns to Petropavlovsk after shareholder ousting September 27, 2018 The co-founder of Russian gold miner Petropavlovsk has returned to the company after being ousted as chairman by shareholders last year. Read more: Gold giants set to merge in shock $18.3bn deal Shares jumped from 6.48p to 6.85p this morning before falling back to 6.37p as Petropavlovsk announced that Peter Hambro has been appointed as president [...]