How Ukraine’s unrest will affect prime London property prices March 4, 2014 World shares, particularly in banks, insurers, miners and energy stocks, have been hit as a result of the political tension and unrest in Ukraine. But what would be the cost of an economic fallout or any potential sanctions by the West against Russia have on the London property market? Joshua Raymond, chief market strategist of [...]
UK exposure to Ukraine crisis extremely limited March 4, 2014 The UK is facing only limited exposure to the crisis in Ukraine, according to a note from London-based consultancy Capital Economics. The UK's direct trade with Ukraine is close to insignificant, with UK exports to Ukraine amounting to just 0.2 per cent of the total in 2012. UK banks' are also relatively safe from exposure [...]
Putin defends Gazprom price hikes on Ukraine March 4, 2014 Russian President Vladimir Putin has defended a planned price rises for Ukraine by state-owned Russian energy giant Gazprom. Speaking to a press conference President Putin said: They failed to pay off the debt, I think it's $1.5bn as of today, and if they don't pay for February it's going to be $2bn. So if you [...]
Putin: Armed troops in Ukraine are last resort March 4, 2014 President Putin, who’s currently speaking at a news conference, has said there’s no need to send troops into Ukraine now, but that Russia still "has that option". Deploying armed forces is, he said, would only be done in an extreme case. "So the tense situation in Crimea related to the possibility of use of force [...]
The poll that shows not one majority in any Ukrainian region favours joining Russia March 4, 2014 Russia's incursion into Crimea has so far been justified on the grounds of protecting those citizens of Russian descent and Russian speakers. On Monday, Russian foreign minister Sergey Lavrov, at UN meetings in Geneva, said "this is a question of defending our citizens and compatriots, ensuring human rights, especially the right to life." However, these [...]
European markets are rising after reports of Russian pullback March 4, 2014 The FTSE 100 is up 1.3 per cent this morning, the Dax over one per cent and the CAC 40 1.5 per cent. Spain’s Ibex 35 and Italy’s FTSE MIB are both up over one per cent. The rebound follows the sharp knocks bourses took yesterday on growing tensions in Ukraine. Russian stocks are rallying [...]
What you need to know before the open March 4, 2014 Russia’s stock market has jumped five per cent this morning, a rebound from yesterday’s catastrophic fall of over 10 per cent. The rebound could be a response to reports that Russian troops have been ordered back to their bases, which also mean European markets should open higher this morning. The US has suspended military relations [...]
Russia sees shares rebound as it says Yanukovich asked for troops March 4, 2014 Russian shares have bounced back this morning with the Micex index climbing five per cent at the open, after suffering a 10.8 per cent crash yesterday. The stock market is currently up three per cent, possibly responding to reports that Russian troops have been ordered back to their bases. It's also come to light this [...]
Asian markets show resilience in face of Ukraine chaos March 4, 2014 Asian shares are showing resilience despite high levels of uncertainty surrounding the situation in Ukraine. However, many investors are seeking a safe haven in assets such as gold as tensions rise. Last night, world leaders condemned Russia's invasion of Ukraine while Britain, America and the EU vowed to boycott the planned G8 meeting in Sochi. [...]
Market chaos as war fears mount March 3, 2014 World leaders compare Russia’s threat to Ukraine to Soviet era tactics WORLD leaders last night condemned Russia’s invasion of Ukraine, demanding that troops pull out of the country and leave its politicians to organise new elections in peace. The crisis hit home in the City as investors fled shares of firms exposed to Russia and [...]