Ukraine PM says there will be no recognition of Crimean referendum March 7, 2014 The Ukrainian prime minister Arseniy Yatsenyuk, has told CNBC that there will be no international recognition of the referendum aking the people of Crimea if they wish to join the Russian Federation. Yatsenyuk said: No-one will recognise this referendum, apart from maybe North Korea, Syria and Israel. I want to be very clear – Crimea [...]
Russians hit by US travel ban over Ukraine March 6, 2014 RUSSIAN officials accused of orchestrating the invasion of Ukraine face a US travel ban, are set to have their assets frozen and will be stopped from doing business with American firms, under an order signed by President Obama yesterday. The EU froze ousted President Viktor Yanukovych’s assets in Europe, as well as targeting 18 people [...]
London Report: Corporates push up FTSE despite ECB and Russia March 6, 2014 BRITAIN’s top share index edged higher yesterday, buoyed by updates from Aviva and Aggreko, although lack of action by the European Central Bank (ECB) and uncertainty over Ukraine capped gains. Equities in London tracked Eurozone stocks lower, after ECB president Mario Draghi offered no new measures to boost lending in the region. Speculation that he [...]
What you need to know before the US open March 6, 2014 US stocks futures suggest a muted open for US markets, as investors digest some of the data and announcement we’ve had today. Initial jobless claims for last week beat expectations, with 323,000 people signing up for unemployment benefits, down from 349,000 a week earlier. Continuing jobless claims are at 2.907m, from 2.915m. Nonfarm productivity missed [...]
US imposes visa restrictions on Russians and Crimeans March 6, 2014 The US will be imposing visa restrictions on Russians and Crimeans who are threatening Ukrainian security. A statement issued by the White House said the US: Is putting in place visa restrictions on a number of officials and individuals, reflecting a policy decision to deny visas to those responsible for or complicit in threatening the [...]
Crimean parliament votes to join Russia March 6, 2014 Crimea's vice premier, Rustam Temirgaliev, announced on Thursday that the region will be holding a referendum on whether to join the Russian Federation on March 16, according to RIA news agency. Temirgaliev said the referendum would involve two questions: Are you in favour of Crimea becoming a constituent territory of the Russian Federation? Are you [...]
EU agrees €11bn Ukraine bailout as UN envoy is threatened March 5, 2014 EU LEADERS yesterday agreed a larger than expected €11bn (£9bn) potential financial bailout package for Ukraine at an emergency Paris summit. European Commission president Jose Manuel Barroso said the assistance, to be discussed by European Union leaders at a summit in Brussels today, would depend on the new Ukrainian government instigating widespread reform, as well [...]
Energy markets safe from Ukraine crisis says Goldman Sachs March 5, 2014 Despite the ongoing tensions between Russia and Ukraine the impact on energy markets is likely to minimal, according to a research note from Goldman Sachs. A view that may carry considerable weight given yesterday's sharp rally in natural gas prices. Goldman believe there is no real reason to be concerned about the safety of natural [...]
Calmer markets come off sharp gains March 5, 2014 European bourses edged slightly lower at the open, as tensions over Ukraine ease but investors remain cautious. Ukrainian prime minister Arseniy Yatsenyuk has just said that Russian “aggression” is having an extremely negative effect on the country’s struggling economy. The US has demanded Russian forces are pulled back from Crimea. Russia’s Micex index fell 1.8 [...]
What you need to know before the open March 5, 2014 European stocks futures have been steadying further this morning after the extreme volatility seen at the beginning of the week. Equities are expected to open slightly lower, following a record finish in the US yesterday. US secretary of state John Kerry is set to sit down in talks with Sergei Lavrov, the Russian foreign minister, [...]