Section: Business Insider (USA)
BP announces slump in profits
London (AFP) – BP profits slumped in the third quarter on sliding oil prices and a drop in the ruble linked to Western sanctions against Russia, the British energy group said on Tuesday.BP, which owns almost 20 percent of Russian oil major Rosneft, said that “depreciation of the ruble against the dollar over the period had a...
Russia will recognise Ukraine separatists’ elections: Lavrov
Moscow (AFP) – Russia plans to recognise elections being organised next weekend by rebels in east Ukraine in defiance of the government in Kiev, Foreign Minister Sergei Lavrov said in an interview Tuesday.”We expect the elections will go ahead as agreed, and we will of course recognise the results,” Lavrov told Izvestia daily...
Russian Lawmakers Just Passed A Delusional Budget Based On An ‘Alternative Economic Reality’
A draft Russia budget for 2015-2017 passed its first reading in the Duma, the country’s parliament, Friday despite the Finance Minister warning that is based on an “alternative economic reality.” According to Vedomosti, the independent Russian business daily newspaper, the draft budget is based forecasts an average oil price of...
The 10 Most Important Things In The World Right Now
Good morning! Here’s what you need to know for Monday. 1. Dilma Rousseff narrowly beat her rival Aécio Neves for another term as Brazil’s president. 2. Investors have not taken the re-election news well. 3. Twenty-five banks failed the European Central Bank’s stress test due to capital shortfalls. 4. Nine of those banks were in...
Ukraine voters embrace West and peace with rebels
Kiev (AFP) – Pro-Western and nationalist parties were on course Monday for a crushing Ukrainian election win, boosting President Petro Poroshenko’s bid to merge his country with Europe and make peace with pro-Russian rebels.Early results and exit polls indicated overwhelming support for Poroshenko’s drive to break his war-torn...
Here Are The Big Winners And Losers Of Low Oil Prices
America and its friends benefit from falling oil prices; its most strident critics don’t IN EARLY October the IMF looked at what might happen to the world economy if conflict in Iraq caused an oil-price shock. Fighters from Islamic State (IS) were pushing into the country’s north and the fund worried about a sharp price rise, of 20%...
Pro-West, nationalist parties win Ukraine vote: exit polls
Kiev (AFP) – Pro-Western and nationalist parties scored a crushing victory on Sunday in Ukraine’s snap parliamentary polls, which were boycotted by pro-Russian rebels in the separatist east, exit polls showed.The Ukrainian president’s Petro Poroshenko Bloc and the People’s Front group of Prime Minister Arseniy Yatsenyuk...
Ukraine separatists turn backs on parliament election
Donetsk (Ukraine) (AFP) – Pro-Russian separatists in eastern Ukraine spurned a parliamentary election being held Sunday, saying they already knew the results: more war.”There is nothing good to expect from these elections in Ukraine. War, bombardments, all this horror will continue,” said Natalia, 42, a resident of the main...
Russia Today Tells The “Untold Story” Of MH-17 — But Other Kremlin Propaganda Already Debunked The Theory
The Russian government’s English news outlet, Russia Today, released a 26-minute documentary about the “untold story” of the MH-17 tragedy. The film’s major thesis is that a BUK missile did not — and could not — have been what hit the MH-17 plane. Instead, it was actually a cannon fire from a (presumably) Ukrainian jet....
War-scarred Ukraine votes for pro-Western future
Kiev (AFP) – War-weary Ukrainians vote Sunday for a powerful new parliament in which a likely alliance of pro-Western and nationalist forces will confirm the ex-Soviet country’s historic but bloody break from Russia’s domain.The snap general election is also expected to reveal the level of trust in President Petro...
