Ukraine crisis: Petro Poroshenko calls for US military aid September 18, 2014 The Ukrainian president Petro Poroshenko has called upon the US to provide his country with military assistance as it attempts to combat pro-Russian separatist forces. Poroshenko described Ukraine as being at the “forefront of the fight against terrorism”. President Barack Obama has condemned Russia’s involvement in the conflict, but has so far limited [...]
Russian rouble rallies as Putin agrees Ukraine ceasefire September 5, 2014 The rouble rose 0.22 per cent against the dollar and 0.14 per cent against the Euro at pixel time after Ukrainian president Petro Poroshenko announced his government had reached a ceasefire agreement with pro-Russian rebels this afternoon. Earlier in the day, investors had piled into Russian stocks on rumours of an end to fighting, with [...]
Easyjet passenger numbers rise despite crisis in Ukraine September 4, 2014 Sanctions and conflicts are causing problems for the airline industry – and with some areas off limits, investors were watching to see how EasyJet's latest passenger figures would stand up. Very nicely indeed, it turns out. In a statement posted this morning, the airline said passenger numbers rose 510,731 on the same month last year, [...]
Ukraine can’t win in this crisis – but Putin can be made to pay for his victory September 3, 2014 IT IS a standard rule of thumb in global risk analysis that the side in a conflict calling for a ceasefire is the side that is losing. Until two weeks ago, President Putin of Russia – seeing his Kremlin-sponsored separatists on the run in the face of a rejuvenated Ukrainian army – was all for [...]
Kremlin quashes “permanent” ceasefire claim as blasts heard in Ukraine September 3, 2014 In this morning's newsletter we noted our scepticism at the use of the word “permanent” when it came to the ceasefire between Russia and Ukraine. Sadly, within two hours of the announcement from Ukrainian president Petro Poroshenko, it turns out that phrase has indeed met with some stumbling blocks. Although Poroshenko's Tweet has not [...]
FTSE at its highest in 14 years as Ukraine agrees “permanent ceasefire” with Russia September 3, 2014 Markets reacted with relief this morning after Ukrainian president Petro Poroshenko tweeted that the country had agreed a "permanent ceasefire" with Russia. The FTSE 100 rose 1 per cent to 6,897 – its highest in 14 years – while the euro jumped 0.12 per cent, to 1.31 dollars. Investors also piled back into Russian equities, [...]
Ukraine will need a much bigger bailout to stabilise economy, IMF says September 2, 2014 As the crisis in the east of Ukraine continues to harm the nation's economy, The International Monetary Fund (IMF) has warned that a much bigger international bailout will be needed than was originally planned. In a review of the already agreed $16.7bn standby facility, the fund described the figure as being built on “totally [...]
Putin has won in Ukraine – but the West can still salvage the long game September 1, 2014 There’s only one way to make a fortune, and that’s to down the fellow who’s up against you." W Somerset Maugham, on poker ONE OF the many wonderful traditions at St Andrews University is that, if a student did well, they did not have to sit final exams until their last year. As a result, [...]
John McCain calls for US to arm Ukraine against “Russian invasion” September 1, 2014 Senior US senators are calling for America to provide arms and equipment to the Ukrainian government to aid in its fight against "a Russian invasion". Republican senator and former presidential candidate John McCain told CBS' Face the Nation on Sunday: "Give them the weapons they need, give them the wherewithal they need, give them the ability [...]
EU warns Russia to withdraw from Ukraine as Putin steps up rhetoric August 31, 2014 EUROPEAN leaders, backed by America, have warned Russia’s President Putin that he has a week to withdraw from Ukraine and calm the crisis between the two countries, or face tough new economic sanctions. The warning comes as Ukrainian President Petro Poroshenko said his country is at breaking point. “We are very close to the point [...]