Section: Business Insider (USA)
Putin says Russian economy has passed ‘peak’ of problems
Moscow (AFP) – President Vladimir Putin on Thursday said the worst was over for Russia’s crisis-hit economy, pointing to the recent rebound of the ruble despite Western sanctions over Ukraine.”The ruble has stabilised and strengthened,” Putin said during his annual phone-in with Russians. “Experts believe that we...
Slow growth, Greek crisis, Ebola on menu as IMF, World Bank meet
Washington (AFP) – A sluggish global economy, the Greek debt crisis and continuing fallout of the Ebola epidemic will take focus beginning Thursday when top finance officials gather for the World Bank and IMF Spring meetings.With high unemployment festering in advanced economies, and emerging countries entering their fifth straight year of...
This woman just became the greatest American female chess player in history
Irina Krush win her seventh US Chess Championship the past weekend in St. Louis. In doing so, she notched her fourth consecutive US title and became without question the best American woman player of her generation and, really, in history. It didn’t come easy for Krush. Although she was the only Grandmaster in the women’s side of the...
Morgan Stanley has reportedly been offered $1 billion for its oil trading business (MS, USO, OIL)
Morgan Stanley is trying to sell its merchant oil trading business. Trading house Castleton Commodities International has offered $1 billion for it, according to the Financial Times, which cites a person familiar with the matter. Castleton is backed by hedge fund manager Paul Tudor Jones and Glenn Dubin. Russian state-owned oil company Rosneft...
Sevilla face depleted Zenit in Europa League quarters
Paris (AFP) – Holders Sevilla host a Zenit Saint Petersburg side ripped apart by suspensions in the Europa League quarter-final first leg on Thursday.Andre Villas-Boas’s Russian league leaders travel to Spain missing no fewer than five first team regulars.Defenders Domenico Criscito and Igor Smolnikov, skipper Miguel Danny and...
The world sees Putin as the most influential person
The man who launched the internet into a frenzy after a mysterious 10-day absence, illegally annexed the Ukrainian peninsula Crimea, engineered a civil war in Ukraine, and just solid advanced missile systems to Iran has been voted the world’s most influential person by TIME readers. Russian President Vladimir Putin holds the indisputable...
IMF sees global economy steady; Japan, Europe improve
Washington (AFP) – The International Monetary Fund said Tuesday that the Japanese and European economies were picking up pace as it stuck to its forecast for moderate global growth this year and next.The IMF trimmed its outlook for the United States but said the country would remain the driver of world output in 2015 and 2016 while many...
Russia and Iran just showed how ‘they can do whatever they like’ right now
Iran and a US-led group of countries consisting of the five permanent members of the United Nations Security Council and Germany (called the P5+1) still have a ways to go before they reach a final nuclear deal. But one P5+1 member is already acting as if the nuclear issue has been settled. On April 13th, the Kremlin retracted its hold on the...
Russia lifts ban on supplying S-300 missiles to Iran
Moscow (AFP) – President Vladimir Putin on Monday lifted a ban on supplying Iran with sophisticated S-300 air defence missile systems after Tehran’s landmark framework deal with the West over its nuclear programme.A decree signed by Putin removed a ban on “the shipment from Russia to Iran” of the S-300 missiles and sparked...
Russia is now projecting serious power in the Black Sea
Russia’s seizure of Crimea ensured that Moscow could expand its naval capabilities throughout the Black Sea and into the Mediterranean, Matthew Bodner writes for Defense News. The Kremlin’s Black Sea Fleet was based and operated out of the Crimean city of Sevastopol. However, even under the leadership of pro-Russian former Ukrainian...
