Section: South Africa
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...
Obama, Putin meet amid tensions
US President Barack Obama has met his Russian counterpart Vladimir Putin three times on the sidelines of an Asia-Pacific summit, with conversations covering Iran, Syria and Ukraine. …read more Source:...
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....
Obama and Putin meet amid tensions: White House
US President Barack Obama met his Russian counterpart Vladimir Putin three times on the sidelines of an Asia-Pacific summit on Tuesday (11/11/2014), with their conversations covering Iran, Syria and Ukraine, the White House said. Relations between Washington and Moscow are at their lowest since the Cold War, with Russia under US-backed Western...
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...
Biden warns Russia over Ukraine
US Vice President Joe Biden warned Russia over Ukraine after new columns of tanks, trucks and heavy artillery rumbled towards the pro-Moscow rebel stronghold of Donetsk on Monday. …read more Source:...
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...
Obama in Asia to promote free trade
US President Barack Obama saw momentum building for a Washington-backed free-trade agreement in the Asia-Pacific, after arriving in Beijing on the first leg of an eight-day Asia tour, he said yesterday. ||| Matt Spetalnick Beijing US PRESIDENT Barack Obama saw momentum building for a Washington-backed free-trade agreement in the Asia-Pacific,...
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)...
