New sanctions reach Moscow July 16, 2014 THE US unveiled fresh sanctions against Russian firms and decision-makers involved in the Ukraine crisis yesterday, with the EU also strengthening its stance. Sanctions were levelled against oil firm Rosneft, Gazprombank and Kalashnikov. Regions which have declared independence in the east of Ukraine were also added to the list. The European council added that it [...]
City Moves for 17 July 2014 | Who’s switching jobs July 16, 2014 Ropes & Gray Monica Gogna has been appointed partner in the law firm’s global investment funds group. She joins from Pinsent Masons, where she was a partner on its financial services team. Gogna has also worked for Clifford Chance, and trained at Mayer, Brown, Rowe & Maw. VTB Capital Nick Hutt has been appointed interim chief [...]
EU leaders sign off on tougher Russian sanctions: Here’s the big change July 16, 2014 In an attempt to increase the pressure on Russian leaders over the ongoing crisis in Ukraine, the European Council has agreed that stiffer medicine will be needed. Following a declaration from the US, EU leaders have made one singificant change, agreeing to expand sanctions to those entities which provide "material or financial support to Russian [...]
Russian hypermarket Lenta eyes expansion as its sales accelerate July 16, 2014 Russian hypermarket chain Lenta said it expects full-year sales to accelerate further despite the backdrop of a slowing economy, as it aimed to expand its presence across the country by a third. The group, which floated in London in February, expected sales to grow by 34 to 38 per cent this year, a step up [...]
Russia snub at the show July 14, 2014 THE RUSSIAN deputy Prime Minister suggested members of the Russian delegation at the Farnborough Airshow should leave, after the UK government did not offer invitations to Russian delegates. Dmitry Rogozin tweeted: “I suggest that our delegation halts participation in the Expo and goes back home.” He was responding to the fact that some Russian delegates [...]
Arsenal’s £30m Alexis Sanchez deal highlights Arsene Wenger’s shift in transfer policy July 11, 2014 Arsenal fans rejoice. Arsene Wenger has got his chequebook out – and it's still 52 days before August 31 and transfer deadline day. The signing of Chilean international Alexis Sanchez from Barcelona for a reported fee of £30m so early in the transfer window – the Mesut Ozil deal famously came with just a few [...]
Focus On… Wimbledon: A game of two halves July 10, 2014 AS THE Championships drew to a close last week, it wasn’t just Novak Djokovic who was counting his prize money. Savvier residents in the leafy, south west London suburb who rented their property out for the fortnight also earned themselves a tidy profit, according to estate agents Hamptons International. “Many home owners choose to let [...]
Petropavlovsk share price skyrockets as gold miner affirms full-year guidance July 7, 2014 Shares in Petropavlovsk soared almost 28 per cent yesterday, after the Russian gold miner reassured the market that it was on track to deliver its full-year production target. “Petropavlovsk notes the recent weakness in the company’s share price and advises the group is performing operationally in accordance with its strategic plan and budget and maintains [...]
How to defeat Isis: We already have a playbook for beating these extremists July 6, 2014 MUNICH – As the Fourth of July comes and goes, I have been jokingly told by friends that I share a trait found more often in East Asian cultures; that of ancestor worship. One of my sons is named after both Benjamin Franklin and Thomas Jefferson, so fervently do I believe in the civic religion [...]
Maria Sharapova doesn’t know who Sachin Tendulkar is: Here’s why that shouldn’t be a surprise July 3, 2014 Tennis star Maria Sharapova has managed to cause a storm among fans of cricketing great Sachin Tendulkar. At a press conference following Sharapova's third round victory on Saturday, a reporter pointed out that Tendulkar was also in attendance. When asked if she was aware of the player, Sharapova fessed up: "I don't." Cue outrage from [...]