Section: Business Insider (USA)
9 dead as shelling increases in eastern Ukraine
DONETSK, Ukraine (AP) — At least seven civilians and two Ukrainian troops were killed overnight Monday in eastern Ukraine as shelling from the warring sides intensified.The fighting between Russia-backed separatist rebels and Ukrainian government troops in the country’s industrial heartland eased after a truce was signed in February. But...
The Russian ruble just plunged to a 6-month low
The ruble fell to a 6-month low against the dollar. On Monday, the Russian currency dropped below 65 per dollar for the first time since February. The ruble is currently trading around 65.5, and got down as low as 65.7 earlier in the day, according to Bloomberg data. To date, the ruble has tumbled approximately 25% since its peak in mid-May. The...
The 5 most intense risks looming over the global economy right now
Security and political risks have the potential to upset the global economic status quo. However, the likeliness of these risks, as well as the degree to which they can shake things up, varies greatly. Taking that into account, the Economist Intelligence Unit put together a list of the top five “risk scenarios” that “might...
9 dead in uptick of violence in eastern Ukraine
DONETSK, Ukraine (AP) — At least seven civilians and two Ukrainian troops have been killed in the latest uptick of violence in eastern Ukraine.The military conflict between Russia-backed rebels and Ukrainian government troops in the country’s industrial heartland has largely subdued after an armistice was signed in February. But despite the...
Gazprom’s colossal deal with China is already looking like a terrible move for Russia
There was a lot of excitement in the industry when Russian energy giant Gazprom announced a mammoth $400 billion (£255.51 billion), 30-year export deal to China in May 2014 — but the agreement is now coming under extreme pressure on a number of fronts. Morgan Stanley analysts on Monday morning suggested that construction of the necessary...
Donald Trump just had one of his most combative interviews yet
Donald Trump went back and forth with NBC host Chuck Todd on Sunday in one of his most combative interviews since announcing his presidential candidacy earlier this summer. In a 37-minute conversation on “Meet The Press,” Todd pushed Trump on a wide range of issues with which the real-estate magnate would presumably be confronted if...
Russian energy giant Gazprom faces challenges as output slumps
Moscow (AFP) – Facing a cold shoulder from Europe and increased competition at home, Russia’s Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could have no choice but to splinter.With the Russian economy slipping into recession on the back of lower oil prices and Western...
Hundreds of troops, tanks, aircraft in Polish army parade
WARSAW, Poland (AP) — Dozens of fighter jets soared, tanks rumbled and hundreds of troops marched in a Polish military parade, a show of force on the national armed forces’ holiday.Poland’s new President Andrzej Duda received the parade in downtown Warsaw on Saturday, along with Prime Minister Ewa Kopacz and Defense Minister Tomasza...
Here’s a super quick guide to what traders are talking about right now (DIA, SPX, SPY, QQQ, TLT, IWM)
Via Dave Lutz at JonesTrading, here’s a super quick guide to what traders are talking about this morning. Good Morning, and Happy Friday! Over the past three months, the S&P 500 has been negative on Friday ten times and positive only twice (SentimenTrader) – and we are starting firmly in the red early. Spoos are off 30bp as European...
RANKED: The world’s national debts, from safest to most risky
Bank of America’s Transforming World Atlas has loads of lovely infographics in it, but one of the most colourful is a map of the world’s riskiest sovereign debt. The map uses the prices of credit default swaps, which are derivatives that pay out if a borrower defaults. Here’s the map: Sovereign credit default swaps have been...
