Section: The Business Times (Singapore)
‘Toxic trio’ of emerging markets smelling of roses
LABELLED the emerging market “toxic trio” until not so long ago, the high-yielding bonds of Ukraine, Argentina and Venezuela have come up smelling of roses for those who were brave enough to buy into them at the start of the year. …read more Source: The Business...
Russian crisis-hit economy slumped 4.1% in 3Q
[Moscow] Russia’s economy shrank 4.1 per cent in the third quarter this year, official statistics showed on Thursday, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll. …read more Source: The Business...
IMF chief says 'extremely encouraged' by Ukraine reforms
[KIEV] International Monetary Fund (IMF) chief Christine Lagarde on Sunday heaped praise on Ukraine’s reform efforts in a visit to Kiev following a deal to restructure the country’s debt burden. …read more Source: The Business...
Templeton bets on Malaysia as Hasenstab says declines overshot
[SAN MATEO] Franklin Templeton, whose contrarian bets made profits in Ireland and face losses in war-torn Ukraine, has been buying debt in Malaysia as global funds flee. …read more Source: The Business...
Hackers stole secrets for up to US$100m insider-trading profit
[NEW YORK] An alliance of mainly US-based stock traders and computer hackers in Ukraine made as much as US$100 million in illegal profits over five years after stealing confidential corporate press releases, US authorities said on Tuesday. …read more Source: The Business...
US authorities break up insider trading ring using Ukraine hackers
EXPOSING a new front in cybercrime, US authorities broke up an alleged insider trading ring that relied on computer hackers to pilfer corporate press announcements and then profited by trading on the sensitive information before it became public. …read more Source: The Business...
Russian economy contracts 4.6% in second quarter: official
[MOSCOW] Russia’s recession worsened in the second quarter as gross domestic product shrank by 4.6 per cent compared with a year earlier, battered by lower oil prices and Western sanctions over Ukraine, official statistics said Monday. …read more Source: The Business...
IMF says Western sanctions could cut 9% off Russia's GDP
[MOSCOW] Sanctions linked to the Ukraine crisis could end up costing Russia 9 per cent of its gross domestic product, the International Monetary Fund said on Monday. …read more Source: The Business...
IMF approves loan to Ukraine despite debt concerns
[WASHINGTON] The International Monetary Fund approved Friday the next installment of its massive loan to Ukraine despite uncertainty about the sustainability of the country’s debt and its conflict with separatist forces. …read more Source: The Business...
Dutch PM appeals to Putin ahead of MH17 tribunal vote at UN
[THE HAGUE] Dutch Prime Minister Mark Rutte on Wednesday made an “urgent” appeal to Russian President Vladimir Putin not to veto a UN Security Council resolution to try those who shot down flight MH17 over Ukraine. …read more Source: The Business...
