Section: Business Insider (USA)
Cash-strapped Ukraine inches toward crucial debt deal
Kiev (AFP) – Ukraine’s finance minister said on Friday that Kiev and its private creditors were about to launch direct debt restructuring negotiations that could save the war-torn country from a devastating default.Natalie Jaresko’s comments came as the ex-Soviet state’s pro-Western leadership races to meet a late June...
Ivanovic in hurry, Cornet wins error show
Paris (AFP) – Former champion Ana Ivanovic reached the French Open last 16 Friday in just 53 minutes while Alize Cornet kept home hopes alive by making the second week for the first time.Serbian seventh seed Ivanovic, the 2008 champion at Roland Garros, triumphed over 18-year-old Croatian opponent Donna Vekic 6-0, 6-3.In dramatic contrast,...
Greece looms large over final day of G7 finance meeting
Dresden (Germany) (AFP) – Greece’s fate in the euro area continued to cast a shadow over the second and final day of a Group of Seven finance ministers meeting in Dresden Friday with still no sign of a deal in sight.The governor of the Bank of Japan Haruhiko Kuroda — who is attending the meeting — warned of the...
Incoming NATO Military Committee Chairman: Russia could occupy the Baltics in 2 days if it wanted to
The future chairman of the NATO Military Committee has issued some dire warnings about Russia’s ability to occupy the Baltic States. Czech General Petr Pavel, who is scheduled to become chairman in June, warned on May 27th that Moscow would be able to conquer the three Baltic States of Estonia, Latvia, and Lithuania within two days even...
9 things traders are watching right now (DIA, SPY, SPX, QQQ, IWM)
Via Dave Lutz at JonesTrading, here are 9 things traders are watching this morning. Latest headlines quote a Greek government spokesman that aim is for a deal by Sunday G-7 finance ministers meet as the uneasy ceasefire in the Ukraine weighs After 7 days of consecutive gains, China got whacked last night – Shanghai Composite declines 6.5%,...
U-20 World Cup to open under FIFA graft cloud
Wellington (AFP) – The corruption scandal engulfing FIFA will not overshadow the Under-20 World Cup when it kicks off this weekend in New Zealand, organisers said Thursday.The tournament’s organising committee chairman, FIFA vice-president Jeffrey Webb, was among seven people arrested in raids on a Zurich hotel Wednesday.FIFA...
G7 finance ministers, central bankers meet in Dresden
Dresden (Germany) (AFP) – Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden Thursday to discuss the global economy and tax evasion, but the Greek crisis was also high on everyone’s minds. German Finance Minister Wolfgang Schaeuble and his counterparts from Britain, Canada,...
Russian divers report ancient ship find near Crimea
Moscow (AFP) – A group of Russian divers said Wednesday they had found Byzantine-era ship wreckage in the Black Sea off Crimea that included a trove of 10th century pottery.The wreck was discovered off the coast of Sevastopol in Crimea, the peninsula with a rich history that Russia annexed last year from Ukraine, and could have come from a...
German consumer confidence hits 13.5-year high
Frankfurt (AFP) – Consumer confidence in Germany is at its highest in 13.5 years, as the positive economic outlook and low inflation persuade consumers to open their purses, a poll found on Wednesday.”Very strong domestic demand in Germany and the low rate of inflation are fuelling economic expectations and consumers’...
How Angela Merkel could become Greece’s unlikely saviour
The potential for a Greek exit from the eurozone has probably never looked this real. The government is running out of cash and doesn’t seem to have enough for its next International Monetary Fund payment. Missing a debt payment could push the European Central Bank to withdraw support from Greece’s banking system and eventually cause...
