Section: Independent Online (South Africa)
Emerging stocks rise on stimulus bets
Most emerging-market stocks rose amid speculation China will take steps to support economic growth. ||| Hanoi – Most emerging-market stocks rose amid speculation China will take steps to support economic growth.Commodity producers fell while Russia’s ruble weakened.A gauge of Hong Kong-traded Chinese shares climbed 0.7 percent after a...
Ukraine fears new rebel offensive
Ukraine is redeploying troops in the east amid fresh concern that separatists will launch a new military offensive. ||| Kiev – Ukraine said on Wednesday it was redeploying troops in the east because of fears that separatists will launch a new military offensive, despite Russia’s denials it has sent troops to reinforce the rebels. A...
Asian shares flat, eyes on China data
Asian shares mostly steadied on Thursday as investors awaited a flurry of Chinese economic indicators later in the day. ||| Tokyo – Asian shares mostly steadied on Thursday as investors awaited a flurry of Chinese economic indicators later in the day, but energy stocks slumped after oil prices fell to four-year lows. MSCI’s broadest...
EU unlikely to step up Russian sanctions
European Union foreign ministers are unlikely to step up sanctions against Russia next week over its involvement in destabilising eastern Ukraine, EU diplomats said. ||| Brussels – European Union foreign ministers are unlikely to step up sanctions against Russia next week over its involvement in destabilising eastern Ukraine, EU diplomats...
Russian rouble’s plunge resumes
The rouble resumed its dramatic slide, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia’s policy in Ukraine. ||| Moscow – The rouble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the...
SA to resume seafood exports to Russia
South Africa will resume seafood exports to Russia for the first time in almost two decades. ||| Cape Town – South Africa will resume seafood exports to Russia for the first time in almost two decades, a leading fishing company said on Tuesday, as Moscow looks elsewhere for food sources following Western sanctions against it over Ukraine....
Russia buys gold as sanctions bite
Russia’s central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said. ||| Lima – Russia’s central bank has been forced to step up its gold buying this year to...
Russia feels sanctions’ bite
Russia’s financial guardians made their broadest acknowledgment yet that sanctions are sinking the economy, as the central bank moved to protect the rouble after its worst week in more than a decade. ||| Anna Andrianova and Ksenia Galouchko MoscowRUSSIA’S financial guardians made their broadest acknowledgment yet that sanctions are...
VTB set to quit LSE for China
Russia’s second-largest bank, VTB, might delist from the London Stock Exchange (LSE) in favour of Chinese bourses as sanctions imposed in the Ukraine crisis hit its ability to raise capital in Western markets, its chief executive said yesterday. ||| RUSSIA’S second-largest bank, VTB, might delist from the London Stock Exchange (LSE)...
Denmark: Carlsberg posts lower profit
Danish brewer Carlsberg’s third-quarter net profit dipped to 2.1 billion kroner (R3.9bn), it said yesterday, citing falling beer sales in Russia and eastern Europe amid challenging market conditions. ||| DANISH brewer Carlsberg’s third-quarter net profit dipped to 2.1 billion kroner (R3.9bn), it said yesterday, citing falling beer...
