Section: Independent Online (South Africa)
Russia mulls oil production cut
Russia is considering cutting its oil production in a bid to revive prices, energy minister Alexander Novak said, as the ruble plunges in value. ||| Moscow – Russia is considering cutting its oil production in a bid to revive prices, energy minister Alexander Novak said Friday as the falling price of crude along with Western sanctions over...
Russia mulls oil output cut
Russia may cut oil production to shore up flagging prices, but its ability to change output is limited. ||| Moscow – Russia may cut oil production to shore up flagging prices, but its ability to change output is limited and no decision has been made yet, its energy minister said, underlining Moscow’s desire for a higher oil price....
Biden gears up for Kiev meeting
US Vice-President Joe Biden will meet Ukraine’s leaders on the first anniversary of the protests that toppled the former pro-Kremlin regime. ||| Kiev – US Vice-President Joe Biden will meet Ukraine’s leaders on Friday on the first anniversary of the protests that toppled the former pro-Kremlin regime, with Kiev hoping for an...
Oil smooths superpowers’ global dealings
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. ||| Rich MillerA NEW age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and...
Weak growth in Germany, France renews risk of eurozone downturn
The euro-area economy risks a renewed slowdown. A Purchasing Managers index for factories and services activity unexpectedly fell to 51.4 in November, the lowest in 16 months, from 52.1 in October, London-based Markit Economics said yesterday. ||| The euro-area economy risks a renewed slowdown.A Purchasing Managers index for factories and...
Russian firms face huge insurance costs
Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out. ||| London/Moscow – Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they...
Russia has little to offer in oil price war
Russia can do little to shore up slumping global prices even if OPEC wants it to. ||| Moscow – Russia can do little to shore up slumping global prices even if OPEC wants it to.Russian wells will freeze if they stop pumping oil, and the country has no capacity to store the output it would otherwise export. Before next week’s meeting of...
Charles won’t be silent when he’s king
Britain’s Prince Charles plans to make “heartfelt interventions” in national life when he becomes king, according to a news report. ||| London – Britain’s Prince Charles plans to make “heartfelt interventions” in national life when he becomes king, the Guardian newspaper reported on Thursday, citing sources close to the...
Historic McDonald’s re-opens in Moscow
McDonald’s re-opened its flagship restaurant in central Moscow, after authorities lifted a three-month closure. ||| Moscow – McDonald’s on Wednesday re-opened its flagship restaurant in central Moscow, after authorities lifted a three-month closure over alleged sanitary violations.Visitors were let into the store on Pushkin...
Rouble, rand, lire strengthen
The rouble jumped 0.8 percent and Russian shares rose after the European Union held off imposing new sanctions though broader emerging equities slipped for the fourth day, their mood soured by weak Chinese housing data. ||| London – The rouble jumped 0.8 percent on Tuesday and Russian shares rose after the European Union held off imposing...
