Search Results for: OSC
Global Oil: Production, Politics, Price and Pain
December 23rd, 2014
The drop of oil prices in the past six months is all over the headlines with all sorts of opinions about how this is good or bad for economies around the world, consumers and corporations. Like everything there are ...
Update on Financial Markets and Cybercrime
December 22nd, 2014
Russian criminals hack in to bank networks to steal $18 million A group of Russian cybercriminals which specialises in gaining access to the internal payments networks of banks has stolen more than $18 million over the past six months. ...
Lithuania Readies Itself For The Euro As Russia Growls Across The Border
December 22nd, 2014
Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. It is a reminder for some of why the former Soviet republic will cement its move to the ...
Decline and Fall of the Demagogues
December 19th, 2014
This article could have been entitled ‘The Bonfire of the Vanities’ (with apologies to the book’s author Tom Wolfe) as it too is all about ruthless ambition, political sleaze and rampant greed. However, as vanity in others is regarded ...
Putin predicts rouble recovery and blames ‘external factors’
December 18th, 2014
Russian President Vladimir Putin says the country’s uncertain economic situation has been provoked by “external factors”, and believes it may take two years for the country to return to growth. Making an annual address in Moscow, he said he ...
Russia’s economic crisis: five key charts
December 18th, 2014
Russia and its president, Vladimir Putin, have been left out in the economic wilderness as sanctions imposed by the west, a tanking oil price, and plunging rouble take their toll. Here are five key charts. Growth in Russia is ...
Who Are the Winners of Russia’s Ruble Meltdown?
December 18th, 2014
The Russian ruble‘s spectacular falls this year have been relentlessly portrayed as bad news. But with the ruble now down some 45 percent against the U.S. dollar since January, are there no winners? Companies that produce in Russia but sell abroad are bound ...
Russian Finance Ministry Starts Selling Foreign Currency in Bid to Strengthen Ruble
December 17th, 2014
The Russian ruble strengthened sharply on Wednesday in volatile trade after the Finance Ministry said it had started selling foreign currency from its leftover stock. The Russian currency has come under heavy selling pressure this week, forcing the Central ...
Russia’s central bank sent an order to MOEX to halt trading in certain instruments – Exchanges Snapshot
December 17th, 2014
International Securities Exchange halted trading on its ISE and ISE Gemini options exchanges due to connectivity issues, resulting in several U.S. options exchanges to declare “self-help” against them, Reuters reported. Intercontinental Exchange warned that EU lawmakers’ plans to open ...
Plunging Ruble Unsettles Russians, Poses Test for Putin
December 17th, 2014
As Russian President Vladimir Putin has ratcheted up the conflict with the West for most of the year, the economic fallout on ordinary Russians has been limited. Suddenly, though, the plunging ruble is reawakening fears of rising prices and ...
