Obama: Putin is fooling nobody March 4, 2014 BARACK Obama issued a stark message to President Putin yesterday, warning that Russia’s attempts to legitimise military intervention in Crimea are fooling nobody. The US President all-but accused Putin of violating international law, while US secretary of state John Kerry reiterated the threat of economic sanctions against the country if Putin does not withdraw his [...]
New York Report: US stocks fall despite strong factory activity March 3, 2014 US STOCKS tumbled yesterday alongside other risky assets globally as tensions in Ukraine and Russia escalated after Russian President Vladimir Putin declared he had the right to invade his neighbour. News that Ukraine mobilised for war on Sunday and Washington threatened to isolate Russia economically overshadowed better-than-expected US data, including an index showing that factory [...]
Putin signs Crimea over to Russia as the EU and US issue sanctions March 17, 2014 PRESIDENT Putin has signed Crimea over to Russia and announced it is now a sovereign state, according to the Kremlin. The Russian president is understood to have signed a decree last night recognising the Ukrainian territory as part of Russia, following a widely-disputed vote in Crimea on Sunday. The news comes as President Obama and [...]
New York Report: Technology and biotech stocks drag on market March 24, 2014 US STOCKS fell yesterday, with some of the market’s recent best performers like technology and biotech shares leading the way down. Concerns that the crisis in Ukraine could escalate gave investors a reason to drop some of the market’s biggest trading favourites. The Nasdaq fell below its 50-day moving average earlier, in a sign of [...]
What the other papers say this morning – 09 April 2014 April 8, 2014 FINANCIAL TIMES Heartbleed bug threatens web A flaw has been discovered in a encryption method used on about two-thirds of all websites, including Google, Amazon, Yahoo and Dropbox, potentially exposing web traffic, user data and stored content to cyber criminals. The heartbleed bug was found in the OpenSSL software by a team of security engineers [...]
What the other papers say this morning – 08 May 2014 May 7, 2014 FINANCIAL TIMES Former chancellors slam Help to Buy Three former chancellors of the exchequer have urged George Osborne to rethink his Help to Buy programme, with the OECD also calling on the government to scale back the mortgage support scheme. Lord Lawson, Lord Lamont and Alistair Darling – all predecessors of Osborne at the Treasury [...]
What you need to know before the open March 3, 2014 European stock futures have been falling as the tensions in Ukraine continue to rise. The rouble is currently at an all-time low, and Russia’s central bank has announced it’s hiking its benchmark interest rate from 5.5 per cent to seven per cent. All European markets are expected to fall sharply at the open, after Ukraine [...]
New York Report: Bullish market backed by US jobs rebound March 10, 2014 STRONGER-than-expected payrolls figures on Friday did more than ease concerns about US economic fundamentals – they also seemed to justify Wall Street’s record levels, suggesting the market’s uptrend could continue. February’s jobs report followed two straight months of payrolls reports that were sharply below expectations, and the rebound reinforced the theory that weakness in December [...]
New York Report: S&P climbs to another fresh all-time high March 4, 2014 US STOCKS rallied yesterday, with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses. President Vladimir Putin delivered a robust defence of Russia’s actions in Crimea, saying he would use force in Ukraine only [...]
London Report: Ukraine unrest drags on FTSE as volatility climbs March 3, 2014 BRITAIN’S top share index fell to a two-week low yesterday, led down by asset management firms as stocks most exposed to emerging markets fell on increasing tensions in Ukraine. The possibility of war between Russia and Ukraine hit stocks that are particularly sensitive to optimism over global markets, such as fund managers Schroders and Aberdeen [...]