Section: Business Insider (USA)
The Russian Central Bank Raises Rates In A Desperate Effort To Halt Ruble Declines
The Russian central bank raised rates to 9.5% in a gamble that higher rates will halt the ruble’s slide against the dollar and the euro. The bank’s board decided to raise rates despite a weak economy after the ruble hit historic lows against the dollar and the euro this month. Over October the central bank burned through more than $15...
The 10 Most Important Things In The World Right Now
Good morning! Here’s what you need to know for Friday. 1. The Bank of Japan unexpectedly announced Friday morning that it would ease monetary policy due to concerns about falling oil prices. 2. Israel is reopening a holy site in Jerusalem, which was closed on Thursday for the first time in many years “after an Israeli counterterrorism...
Ukraine, Russia, EU agree gas supply deal: EU source
Brussels (AFP) – Russia agreed to resume gas deliveries to Ukraine in an EU-brokered deal reached by the three parties in Brussels on Thursday, an EU source said.The details will be outlined by European Commission head Jose Manuel Barroso as well as the Russian and Ukrainian energy ministers during a press conference announced for 2045 GMT,...
Total’s new boss promises stability after CEO death
London (AFP) – French energy major Total’s new chief executive promised continuity at his first public appearance on Thursday as Russia charged a second person over the plane crash that killed his predecessor.”My objective is mainly continuity and stability,” Patrick Pouyanne said at the Oil and Money conference in London...
Russian energy minister ‘hopes to sign Ukraine gas deal Thursday’
Moscow (AFP) – Russian Energy Minister Alexander Novak said he hoped to sign a gas deal with Ukraine later on Thursday as he arrived in Brussels for EU-brokered talks.”We hope that today all our agreements will be formalised with the signing of the necessary documents,” Novak was quoted as saying by the RIA Novosti news...
One Stock Is Responsible For 120 Points Of The Dow Rally
Markets are rallying. After spending much of the morning in the red, the S&P 500 is now up 13 points (0.6%). The Dow is up a whopping 177 points (1.0%). This is largely due to Visa’s 9.7% surge after reporting strong earnings. Because it’s a price-weighted index, the 20-point rally in the Visa is adding a full 128 points to the...
The Bizarre Story Behind Today’s Sudden Ruble Rally
On Thursday, the Russian ruble reversed its recent trend of breaking record lows against the dollar and the euro and came surging back. Rumors quickly circulated about the cause of the unexpected rally. Here’s what we know so far: After falling to yet another record low in early trading, the ruble suddenly began regaining lost ground from...
Terrible Things Happen All Of The Time And The Stock Market Keeps Going Up
After an incredible 5-year bull market run, which saw the S&P 500 double from its March 2009 low of 666, many stock market watchers were sure this would be the year that things would finally turn. There certainly has been no shortage of bad news that would cause investors and traders to sell. “Just this year alone, the list of...
EU, Ukraine must agree gas debt deal for talks to restart: Gazprom
Moscow (AFP) – Gazprom on Thursday said that the EU and Ukraine must agree a deal for Kiev to pay off its gas debts to Russia before talks on restarting deliveries to the strife-torn nation can restart. “The European Commission must reach an agreement with Ukraine over the question of financing. Otherwise, negotiations make no...
Decades-old Soviet engines powered US rocket that exploded
Washington (AFP) – The Orbital Sciences rocket that exploded after launch was powered by a pair of rocket engines that were made during the Soviet era and refurbished, experts said.The Ukrainian-designed AJ-26 engines date back to the 1960s and 1970s, and Aerojet Rocketdyne of Sacramento, California has a stockpile that it refurbishes for...
