FTSE held back by poor bank results but index still rises – London Report October 28, 2014 BRITAIN’S top equity index yesterday rebounded, helped by stronger mining stocks which offset a fall in banking shares such as Standard Chartered and Lloyds. The blue chip FTSE 100 index closed up by 0.6 per cent, or 38.71 points, at 6,402.17 points, bouncing back from a 0.4 per cent fall on Monday. Standard Chartered slumped [...]
EU leaders give green light to Russia sanctions September 11, 2014 EUROPEAN leaders have agreed a plan to enact tough new sanctions on Russia over the conflict in Ukraine. The decision was made yesterday morning and the sanctions, which are expected to further restrict the import of dual-use goods, restrict bank loans and make it harder for Russia to do business with the EU on oil [...]
Russia cutting gas supply to Poland by 20pc September 10, 2014 POLAND and Germany yesterday announced that Russia had cut their gas supply, with Warsaw saying it was down 20 per cent. Some European officials believe Moscow could use gas supply disruptions as its trump card in a confrontation over Ukraine that has already brought ties between Moscow and the west to their lowest since the [...]
European sanctions against Russia will come into force tomorrow September 11, 2014 Trade sanctions against Russia agreed by EU countries will come into force tomorrow, it was reported today. Although details of the sanctions have yet to be unveiled, they are expected to be the toughest imposed on Russia so far, including strict measures against Russian energy companies that are also likely to hit Western oil firms, [...]
The four most shocking things that happened in 2014 December 23, 2014 1. THE RUSSIA SAGA (Source: Getty) Russia flexed its muscles at the beginning of the year, taking the opportunity during the uprising in Ukraine to plant pro-Putin flags in the Crimea region, triggering a string of catastrophic events to unfold. And it’s likely we’re far from seeing the final act of this epic Russian novel play [...]
Russia sanctions remain until Ukrainian peace agreement in place, says EU September 30, 2014 The EU will maintain sanctions against Russia because of the ongoing violence in Ukraine, it decided today. At a meeting of EU ambassadors on Tuesday, the bloc ruled that the peace agreement between Ukraine and pro-Russian separatists "will need to be properly implemented" before sanctions are dropped. However an EU spokeswoman noted there had been [...]
Total mourns loss of chief exec Christophe de Margerie in plane crash tragedy October 21, 2014 French oil company Total yesterday confirmed the death of its chairman and chief executive Christophe de Margerie “with deep regret and great sadness”. De Margerie, 63, was killed at Vnukovo Airport in Moscow on Monday night, when the private plane he was on collided with a snow plough. Three crew members on the plane also [...]
Russia “will react” to EU sanctions, accuses Nato of supporting neo-Nazi forces September 6, 2014 Russia says "there will undoubtedly be a reaction" to any new sanctions imposed by the EU. The Russian foreign ministry said in a statement that the EU's proposed sanctions were "practically sending a signal of direct support to the 'party of war' in Kiev". The new sanctions will target state-owned oil companies, including Rosneft, and add [...]
UK housing crash, Draghi quitting the ECB or “A-choco-lypse”? Here are Saxo Bank’s bonkers predictions for 2015 December 10, 2014 Could there be a UK housing market meltdown? Could Nigel Farage become deputy prime minister? Or worst of all, will there be an "a-choco-lypse"? These could be some of the most outrageous predictions you'll hear this year – or the best warning you ever had. Saxo Bank has just released its 10 scenarios for 2015 [...]
Ukraine conflict casts a chill on Gazprom as profits fall sharply September 11, 2014 GAZPROM took a huge blow to its profits in the first three months of 2014, as the conflict in Ukraine and a weaker rouble took their toll on the massive Russian gas supplier. Net profits at Gazprom, Russia’s largest company, fell 41 per cent in the first half of 2014 compared with a year before, [...]