Section: Africa&ME
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...
British PM Warns Russia on Actions in Ukraine
British Prime Minister David Cameron said “Russia’s relationship with the rest of the world will be radically different in the future” if it continues what he called Moscow’s “illegal actions in Ukraine.” In a speech Monday, Cameron said Russia’s actions are “destabilizing a sovereign state” and...
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)...
Japanese stocks stand out
Japanese shares stood out against a lacklustre backdrop in Asia on Tuesday as oil prices continued to drop. ||| Tokyo – Japanese shares stood out against a lacklustre backdrop in Asia on Tuesday as oil prices continued to drop, while the dollar took a breather from its recent rally. MSCI’s broadest index of Asia-Pacific shares outside...
MIDEAST STOCKS – Factors to watch – November 11
DUBAI, Nov 11 (Reuters) – Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch of their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares edge lower, supply concerns keep oil down MKTS/GLOB* Oil falls as strong dollar outweighs Libya, Ukraine...
Fears grow of return to all-out fighting in Ukraine
KIEV: New unidentified unarmoured columns rumbled towards the pro-Moscow rebel stronghold of Donetsk in eastern Ukraine on Monday as fears grew of a return to all-out fighting in the war-torn region. The Netherlands meanwhile held an emotional ceremony for the 298 victims of flight MH17 shot down over the separatist-held eastern Ukraine in July,...
