Section: The Business Times (Singapore)
Ukraine adopts IMF-backed budget after lengthy debate
UKRAINE’S Parliament on Monday adopted an austerity budget that hikes import prices and shrinks social spending in order to balance the books under a plan backed by the International Monetary Fund (IMF). …read more Source: The Business...
Bitcoin beats hryvnia, rouble as the worst currency
IT HAS been a bad year for the Russian rouble and a terrible 12 months for the Ukrainian hryvnia. But it has been a catastrophic 2014 for bitcoin, the virtual currency. While acknowledging that my currency forecasting prowess means that I am driving a desk rather than tanning on a beach, the gyrations do seem to offer some valuable lessons....
Outraging Russia, Ukraine takes big step toward Nato
[KIEV] Ukraine took a historic step toward Nato on Tuesday in a parliamentary vote that stoked Russia’s anger ahead of talks on ending the ex-Soviet state’s separatist war. …read more Source: The Business...
Obama orders US trade ban on Crimea over Russia 'occupation'
[WASHINGTON] US President Barack Obama imposed sweeping sanctions on Russia-annexed Crimea on Friday with an executive order prohibiting American exports of goods or services to the contested peninsula and barring Crimean imports. …read more Source: The Business...
EU leaders press Russia, urge new investment
[BRUSSELS] European Union leaders urged Vladimir Putin to make a “radical change” in his stance on Ukraine Thursday as they boosted sanctions against Crimea despite fears of economic blowback from Russia’s spiralling financial crisis. …read more Source: The Business...
EU leaders agree investment package to boost economy
[BRUSSELS] European Union leaders endorsed a new investment programme intended to kick start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday, half a day earlier than planned. “We agreed three things: one, we call for the urgent establishment of a European fund for strategic...
EU outlaws investment in Crimea; targets oil sector, cruises
THE European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. …read more Source: The Business...
Putin promises economic recovery, digs in on Ukraine
[MOSCOW] President Vladimir Putin on Thursday tried to quell fears of economic collapse and vowed rapid recovery from the worst financial crisis of his rule but stressed that his position on Ukraine has not shifted. …read more Source: The Business...
EU adopts tighter investment sanctions on Crimea
[BRUSSELS] European Union governments adopted tighter restrictions on European investment in Crimea on Thursday, targeting Russian Black Sea oil and gas exploration and tourism, an EU official said. …read more Source: The Business...
EU summit to discuss crisis-hit Russia, economic plan
[BRUSSELS] EU leaders on Thursday will discuss tense relations with Russia and punishing sanctions imposed over Moscow’s actions in Ukraine at a summit led for the first time by Poland’s Kremlin-wary former premier Donald Tusk. …read more Source: The Business...
