Section: The Business Times (Singapore)
European defence ministers oppose sending weapons to Ukraine
[BRUSSELS] European defence ministers spoke out on Thursday against sending weapons to the Ukrainian army, pointing to a potential transatlantic split if Washington decides to supply arms. …read more Source: The Business...
Obama's Pentagon nominee suggests support for arming Ukraine
[WASHINGTON] President Barack Obama’s pick to become defense secretary told Congress on Wednesday he was leaning in favor of providing arms to Ukraine but later cautioned that the focus must remain on pressuring Russia economically and politically. …read more Source: The Business...
EU urges Greece's Tsipras to back common line on Russia
[BRUSSELS] European Council President Donald Tusk urged Greece’s new Prime Minister Alexis Tsipras on Wednesday to support common EU foreign policy approaches, a week after Athens questioned a call for new sanctions on Russia. …read more Source: The Business...
West must be ready for long standoff with Russia: NATO official
[OSLO] The West must be ready for a long standoff with Russia over Ukraine and not quickly resume normal ties as it did after the 2008 Georgian war, a top NATO official said on Monday. …read more Source: The Business...
Russian central bank cuts interest rate by 2 points
RUSSIA’S central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis. …read more Source: The Business...
US warns Russia, welcomes new EU sanctions
[WASHINGTON] The United States warned Russia on Thursday that it is mulling fresh sanctions over the fighting in Ukraine and welcomed an EU move to broaden existing measures imposed on Moscow. …read more Source: The Business...
EU backed by US warning of new Russia sanctions over Ukraine
[NEW YORK] The European Union and the US are considering additional sanctions against Russia in technology, energy, defense and banking over its support for separatist rebels in eastern Ukraine. …read more Source: The Business...
Russia scorns 'politically motivated' downgrade to junk rating
[MOSCOW] Moscow on Tuesday slammed Standard and Poor’s for downgrading Russia’s credit rating to “junk”, saying the move was motivated by the West’s current standoff with Russia over Ukraine. …read more Source: The Business...
Russia faces US$40b battle to stave off banking crisis
[MOSCOW] Russia may have to spend more than $40 billion this year to avert a banking crisis, as the growing likelihood of a sharp recession threatens to pile extra costs on a sector suffering from Western sanctions over Ukraine and a plunge in the rouble. …read more Source: The Business...
Ukraine troops cede prized airport to pro-Russia rebels
[KIEV] Ukraine’s military on Thursday said days of unceasing artillery strikes by pro-Russian insurgents had forced its soldiers to abandon a shattered airport that had become the symbolic prize of the nine-month war. …read more Source: The Business...
