Section: Business Insider (USA)
The Ruble Is Getting Slammed After S&P Cuts Russia To ‘Junk’ (RUB, USD)
The ruble is getting slammed again after S&P cut Russia to junk. The currency fell over 7% to over 68 to the dollar after the S&P cut Russia’s credit rating to BB+. All ratings below ‘BBB-‘ are considered “junk” as they are below the lowest investment grade rating. And earlier in the day, the ruble closed...
Russia Cut To ‘Junk’ By S&P (RUB, USD)
Russia’s credit rating has been cut to ‘BB+’ by S&P. All ratings below ‘BBB-‘ are considered “junk” as they are below the lowest investment grade rating. The ratings outlook is negative. Here’s the release from S&P: RATING ACTIONOn Jan. 26, 2015, Standard & Poor’s Ratings...
Putin: Ukraine’s Army Is A NATO Proxy Aimed At ‘Containing Russia’
Russian President Vladimir Putin said on Monday that Ukraine’s army is a NATO proxy whose geopolitical aim is to constrain Russia. “This is not the army, per se, this is a foreign proxy, in this case a foreign NATO legion, which, of course, doesn’t pursue the objective of national interests of Ukraine. “They have entirely...
What Are Traders Chatting About This Morning? Syriza’s Win And The East Coast Blizzard … (DIA, SPY, QQQ, TLT, IWM)
We’re bracing for a blizzard here in New York City. From Dave Lutz at JonesTrading, here’s a quick guide to what traders are talking about this morning: Good morning! US Futures are off small as they eyeball Syriza’s resounding victory over the weekend. Euro hit initially as far-left anti-austerity Syriza party moved to form a...
Threat Of New Sanctions Against Russia Sends The Ruble Tumbling
The ruble has fallen by over 3% against the dollar after Barack Obama threatened to step up measures against Russia following further violence in the southeastern Ukrainian city of Mariupol. Speaking at a news conference in New Delhi during his visit to India, Obama said he was “deeply concerned” over events in Ukraine in recent days....
Europe Are Reluctant To Add Russia Sanctions As Putin Pushes On
BERLIN (Reuters) – German Foreign Minister Frank-Walter Steinmeier said on Monday nobody was blindly set on imposing further sanctions on Moscow over its stance in eastern Ukraine, ahead of a meeting of European foreign ministers in Brussels on Thursday. But he added that an offensive by pro-Russian separatists against the eastern Ukrainian...
Nearly 500 miners trapped in east Ukraine: ministry
Donetsk (Ukraine) (AFP) – Nearly 500 coal miners in Ukraine’s war-torn east were trapped on Monday after their pit lost power when a shell hit a regional electric substation.The accident occurred in rebel-controlled Donetsk city’s Zasyadko coal mine — one of eastern Europe’s largest, where the same type of incident...
Colombia’s Paulina Vega wins Miss Universe title
Doral (United States) (AFP) – Colombia’s Paulina Vega was crowned Miss Universe, beating out contenders from the United States, Ukraine, Jamaica and The Netherlands at the world’s top beauty pageant in Florida.The 22-year-old model and business student triumphed over 87 other women from around the world, and is only the second...
Australia PM in ‘time warp’ as British royal knighted
Sydney (AFP) – Australian Prime Minister Tony Abbott marked his country’s national day Monday by honouring Britain’s Prince Philip with a knighthood, sparking criticism from the opposition of being in a “time warp”.Abbott said Queen Elizabeth II had accepted his recommendation that her husband, the Duke of Edinburgh,...
Obama ramps up pressure on Russia after deadly Ukraine blitz
Kiev (AFP) – US President Barack Obama vowed Sunday to ramp up pressure on Russia after a rocket barrage blamed on Kremlin-backed Ukrainian rebels killed 30 and threatened to open new front in the war.Saturday’s assault on Mariupol — the main city standing between separatist territory near the Russian border and the Black Sea...
