Rusal disrupts Metal Exchange warehouse plan March 28, 2014 THE LONDON Metal Exchange’s reforms suffered a major setback yesterday, after a court agreed with Russian aluminium producer Rusal that plans to cut warehouse queues were “unfair and unlawful”. The world’s largest metals exchange said it is taking legal advice on whether to appeal the London high court’s decision. The court ruled in favour of [...]
What you need to know before the US open March 27, 2014 US GDP fourth quarter results showed the economy grew a bit more quickly than expected in the fourth quarter (by 2.6 per cent), bolstered by stronger consumer spending. Futures were up ahead of the numbers, which will no doubt boost investor sentiment. Separate data releases show that initial jobless claims fell to 311,000 in the week [...]
79pc rise in Russian gas price will push Ukraine to the edge, warns PM March 27, 2014 The price Ukraine pays for Russian gas will rise 79 per cent from 1 April to $480 (£290) per 1,000 cubic metres, according to Ukrainian prime minister Arseny Yatseniuk. In a speech to the country’s parliament, the premier said the upped price will push the country even closer towards economic tragedy: "Ukraine is on the [...]
King’s shares crushed on first day trading March 26, 2014 Candy Crush maker’s shares slump 15.6 per cent in first day of New York trading KING, the British game developer behind hit mobile game Candy Crush Saga, was bloodied yesterday during its debut on the New York Stock Exchange, with nearly $1bn (£600m) wiped off its market valuation. Shares in King, which had been priced [...]
What the other papers say this morning – 27 March 2014 March 26, 2014 FINANCIAL TIMES Tories eye migration sleight of hand Theresa May is proposing to cut net migration by more than 19,000 ahead of the next general election in a statistical sleight of hand that would shorten visas for foreign employees by as little as one day in a bid to avoid designating them as migrants. The [...]
Why open borders should be the West’s peaceful response to Russian aggression March 26, 2014 Western nations have responded to Russia’s annexation of Crimea with moral condemnation and a series of sanctions against individuals with close ties to the Kremlin. On 21 March, the EU extended visa restrictions to a further 12 individuals. Later today Barack Obama will meet with EU leaders to discuss a response to Russia’s actions, after [...]
Trade deal must safeguard consumers, says Obama March 26, 2014 Barack Obama has been speaking this afternoon about the prospective trade deal between the US and EU, which would make it easier for the US to export gas to Europe. Having met with EU leaders in Brussels, the US president’s been addressing a news conference, trying to quell concerns he may support a transatlantic trade [...]
Why open borders should be the West’s peaceful response to Russian aggression March 26, 2014 Western nations have responded to Russia's annexation of Crimea with moral condemnation and a series of sanctions against individuals with close ties to the Kremlin. On 21 March, the EU extended visa restrictions to a further 12 individuals. Later today Barack Obama will meet with EU leaders to discuss a response to Russia's actions, after [...]
UK-Russia pact reviewed after Ukraine unrest March 25, 2014 THE UK government confirmed yesterday that it is reviewing a cooperation agreement with Russian state-owned nuclear energy company Rosatom due to the ongoing political crisis in Ukraine. “[The UK] and Rosatom signed a memorandum of understanding on establishing a programme of commercial cooperation in civil nuclear energy in September last year,” said a spokesperson from [...]
What you need to know before the US open March 25, 2014 US markets are expected slightly higher today, although concerns remain when it comes to ongoing geopolitical issues. Indices fell yesterday, although the selloff was concentrated in the Nasdaq. G7 leaders have threatened Russia with further sanctions if Vladimir Putin continues to destabilise Ukraine, following the seizure of Crimea. That said, Russian markets have steadied today, [...]