Section: Business Insider (USA)
Oil prices sink further in Asian trade
SINGAPORE (AFP) – Oil suffered fresh losses in Asia Wednesday, sinking to new multi-year lows as dealers watch Russia’s ruble crisis and await the latest US crude supply report, analysts said.US benchmark West Texas Intermediate for January delivery sank $1.16 in afternoon trade to $54.77 while Brent crude for February fell 71 cents...
Putin holds late-night talks on Ukraine with European leaders
MOSCOW (AFP) – Russia’s President Vladimir Putin and his French, German and Ukrainian counterparts agreed in a phonecall early Wednesday that they wanted talks between Kiev, Moscow and rebels controlling parts of eastern Ukraine to resume as soon as possible.The telephone conversation came after the White House confirmed that US...
China steps up plan for new export corridor into Europe
Belgrade (AFP) – Chinese Prime Minister Li Keqiang met central and eastern European leaders Tuesday in a summit to cement Beijing’s plans for a new transport network to funnel exports into Europe.The two-day meeting in Belgrade gathering prime ministers from 16 states had infrastructure and transport top of the agenda.Beijing hopes to...
Putin Now Faces ‘One Of Those Guns Or Butter Moments’
Rapid changes in the financial markets and the Russian economy are forcing Vladimir Putin to change his calculus. Now the Russian president has a choice between doubling down on his aggressive foreign policy or concentrate on putting Russia in order. This week’s plunge in the value of the ruble adds another layer of uncertainty to the...
STOCKS FALL, RUBLE CRASHES: Here’s What You Need To Know (DIA, SPY, QQQ, TLT, IWM, RSX, USO, BND, AAPL, XHB)
It was a wild day in the market on Tuesday as the Russian ruble crumbled and stocks had a wild day after opening lower, surging higher, and closing at the lows of the day. First, the scoreboard: Dow: 17, 077.4, -104, (-0.6%) S&P 500: 1,975.5, -14, (-0.7%) Nasdaq: 4,552.8, -52.3, (-1.1%) And now, the top stories on Tuesday: 1. It was all...
I Asked Jeff Bezos The Tough Questions — No Profits, The Book Controversies, The Phone Flop — And He Showed Why Amazon Is Such A Huge Success
Jeff Bezos and I have a long history, dating from my days on Wall Street and the early years of Amazon.com. Today, he’s an investor in Business Insider, and I remain an Amazon shareholder. I tried not to let any of that be a factor when I interviewed him recently at our annual conference in New York City. Jeff rarely gives in-depth...
Russians Are Buying Cheese The Same Way People Bought Weed In 1980s Brooklyn
Russia’s economy is in free fall. Part of that is because dramatically declining oil prices, another part is because of international sanctions against the country. This cheese story is about the latter part. Back when the EU, Australia, Norway, Canada and the US put economic sanctions on Russia, Russia responded by banning a bunch of...
Russia: We Have The Right To Put Nuclear Weapons In Crimea
Russia announced on Monday that it believes it has the full right to deploy nuclear weapons in the recently annexed Crimean peninsula. Russian Foreign Minister Sergei Lavrov told the Interfax news agency that since Crimea was now a part of Russia, Moscow had full rights to deploy nuclear weapons into the region. Lavrov argues that Crimea can be...
BREMMER: Putin Now Needs Scapegoats
The ruble is in crisis hours after a shocking central bank rate hike. and Russian President Vladimir Putin has to find a way to explain the mess. “Putin now needs scapegoats: external and internal,” Geopolitical expert Ian Bremmer told Business Insider over email. “Everything from the US and Europe for sanctions, Ukraine for the...
Putin Wins Russia’s ‘Man Of The Year’ For The 15th Time In A Row
Vladimir Putin has been named Russia’s “Man Of The Year” for the 15th time in a row, Interfax news agency reports. The Russian president won by a landslide, claiming 68% of votes. The runner up got only 4% of votes. The poll was conducted by the Public Opinion Foundation and included 1,500 respondents in 43 regions of Russia,...
