Section: Business Insider (USA)
Saudi Arabia’s Oil Price Policy Could Sink The Russian Economy
The vice-president of Russia’s state-owned oil behemoth Rosneft has accused Saudi Arabia of manipulating the oil price for political reasons. Mikhail Leontyev was quoted in Russian media as saying: Prices can be manipulative. First of all, Saudi Arabia has begun making big discounts on oil. This is political manipulation, and Saudi Arabia...
Ukraine turns to new defence chief ahead of Russia talks
Kiev (AFP) – President Petro Poroshenko was set on Monday to name Ukraine’s fourth defence minister of the year as he positions himself for a crunch general election and high-level talks with Russia.The pro-Western leader on Sunday sacked defence chief Valeriy Geletey after only three months on the job, citing a need to...
Kerry meets Egypt’s Sisi to press democracy
Cairo (AFP) – US Secretary of State John Kerry was meeting Egyptian President Abdel Fattah al-Sisi on Monday to press the former military leader to adopt greater democratic reforms.Fresh from a day-long donors conference in Cairo which raised some $5.4 billion (4.3 billion euros) in pledges to help the Palestinians and the Gaza Strip, Kerry...
Ukraine leader sacks third defence minister this year
Kiev (AFP) – President Petro Poroshenko dismissed Ukraine’s third defence minister of the year Sunday in a surprise decision ahead of high-level talks with Moscow on bringing peace to the Western-backed former Soviet republic.Poroshenko’s official website said he would nominate a new defence chief on Monday after...
England labour to victory, Russia held again
Paris (AFP) – Wayne Rooney scored his 43rd international goal as England beat Estonia 1-0 to preserve their perfect Euro 2016 qualifying record on Sunday while his former boss Fabio Capello saw Russia held 1-1 by Moldova.Even after Estonia captain Ragnar Klavan was sent off for a second booking early in the second half in Tallinn,...
China’s Li in Russia for Putin talks
Moscow (AFP) – Chinese Prime Minister Li Keqiang on Sunday arrived in Moscow for talks with President Vladimir Putin as Russia is struggling with its most pronounced isolation since the end of the Cold War.”It is a major event in the bilateral relations,” Chinese Vice Minister Cheng Guoping said ahead of Li’s visit.He said...
Gulf stocks dive over global growth fears, oil prices
Kuwait City (AFP) – Share prices in the energy-rich Gulf states nosedived on Sunday with investors spooked over global growth fears, declining oil prices and conflicts, analysts and traders said.All seven bourses, most of which resumed trading Sunday after a week-long Muslim holiday, ended in the red with Saudi Arabia and Dubai taking the...
China’s economic rise challenges the IMF’s relevance
Washington (AFP) – The International Monetary Fund was launched in 1944 with the world’s new superpower, the United States, in position as the key force and shareholder in the global crisis bank.Today, China is on the verge of becoming the world’s largest economy. But its voice at the IMF — wrapping up its annual meeting...
Putin orders troop pullback from Ukraine border: Kremlin
Moscow (AFP) – Russian President Vladimir Putin has ordered his defence minister to pull thousands of troops from the border with Ukraine, the Kremlin said ahead of key talks on a fragile truce in the ex-Soviet country.”The head of state has tasked the defence minister with beginning to bring troops back to their permanent...
Bad news for eurozone puts Germany, ECB in hot seat
Frankfurt (AFP) – A raft of grim eurozone data this week alarmed financial markets and placed both Germany’s doctrine of budgetary rigour and European Central Bank’s monetary policy in the hot seat.A seemingly never-ending stream of gloomy numbers sent the stock markets into a tailspin and exposed the fault lines in economic...
