Search Results for: Russian
Russia to launch own crude benchmark in 2016
December 14th, 2015
Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange (SPIMEX). “Our goal is to take a place among the ...
Asian stocks trade lower, China bucks trend
December 14th, 2015
Asian equities traded mostly lower on Monday, as investors remain focused on the mid-week decision from the U.S. Federal Reserve. The Chinese market bucked trends and traded up, boosted by upticks in shares of brokerages and banks. Kathy Matsui, managing ...
Russia’s Biggest Bank Wants To Adopt Blockchain. Not Bitcoin
December 11th, 2015
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future. The bank plans to join the international consortium R3 and develop blockchain based services. However, as in the case of other international big banks, it doesn’t plan to use ...
Vladimir Putin orders a $3 billion lawsuit against Ukraine
December 10th, 2015
Russian President Vladimir Putin has ordered Finance Minister Anton Siluanov to file a lawsuit against Ukraine if Kiev fails to repay Russia’s $3 billion Eurobond loan by the December 20 deadline. Putin’s order followed the Finance Minister’s Wednesday report ...
Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People
December 10th, 2015
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening and ECB/BoJ/BoC easing. This widening gap is a perfect storm ...
Investors Keep Pulling Cash Out of Turkey
December 8th, 2015
Foreign investors withdrew $7.6 billion from stocks, bonds Capital Economics sees lira, bonds extending declines Foreign investors look set to keep pulling their money out of Turkey after dumping a record amount of stocks and bonds this year. Investors from ...
Russia And Turkey: Teetering On The Brink
December 7th, 2015
The Russian state-run propaganda machine is currently fanning anti-Turkish vitriol full-time. Economic ties between Russia and Turkey are being effectively severed, while military forces have been put on high alert. Is this escalation a mere PR exercise to mobilize ...
Russia seeks to boost trade with UAE and strengthen Iran industrial links
December 7th, 2015
Russia wants to boost trade ties with the UAE at the same time as it pursues closer links with Iran. The Russian trade minister Denis Manturov told The National that he wanted to grow the US$2 billion in trade ...
Putin seeks alliance to rival TPP
December 7th, 2015
Russian President Vladimir Putin intends to form an economic bloc, as an alternative to the US-led Trans-Pacific Partnership (TPP). He has asked the government to start making contacts with Asian countries. “I suggest that we and other Eurasian Economic ...
Apple is looking to bypass credit cards entirely for mobile purchases in Russia
December 7th, 2015
Apple rolls out carrrier billing to Russia Not content with removing the need for plastic swiping at the retailer terminal, Apple is looking to bypass credit cards entirely for mobile purchases with the use of carrier-billing technology from Boku. ...
