LATEST NEWS : Ukraine and Russia take center stage as leaders gather for G20

A showdown between Western leaders and Russian President Vladimir Putin is likely at the G20 summit in Australia starting on Saturday, following fresh reports of Russian troops pouring into eastern Ukraine. Ukraine has accused Russia of sending soldiers and weapons to help separatist rebels in eastern Ukraine launch a new offensive in a conflict that […]

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LATEST NEWS : Central bankers may have no quick fix as markets swoon, economy weakens

Global central bankers, eager to see the economystand on its own feet, faced the rude reality this week of market turmoil threatening already faltering growth and prolonging world reliance on easy money. continue reading at reuters.com

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LATEST NEWS : Recession looms over Venezuela, official data under wraps

Venezuela has kept its economic growth figures under wraps this year but empty store shelves, closed factory gates and idled construction projects tell their own story – the economy is contracting and some sectors are in deep trouble. continue reading at reuters.com

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LATEST NEWS : World waits for white smoke from U.S. Fed

The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. continue reading at reuters.com

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LATEST NEWS : Russia, China agree to settle more trade in yuan and rouble

Russia and China pledged on Tuesday to settle more bilateral trade in rouble and yuan and to enhance cooperation between banks, Russia’s First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions. Shuvalov told reporters in Beijing that he had agreed an economic cooperation pact with China’s […]

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LATEST NEWS : PRECIOUS-Gold up for third day on softer dollar, geopolitical tension

SINGAPORE, Aug 28 (Reuters) – Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions between Ukraine and Russia burnished the metal’s safe haven appeal. FUNDAMENTALS * Gold added $1.46 an ounce to $1,283.91 by 0026 GMT, moving away from a two-month low of $1,273.06 […]

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Ukraine accuses Russia of "direct invasion" as aid convoy crosses border

Ukraine said on Friday the entry of Russian aid trucks onto its territory was a “flagrant violation” of international law and it appealed to the international community to condemn Russia’s actions as illegal and aggressive. The foreign ministry said in a statement that, while Ukrainian authorities had not given the convoy permission to enter, it […]

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LATEST NEWS : NATO accuses Russia of escalating Ukraine conflict

NATO spokeswoman Oana Lungescu said the alliance was checking eyewitness reports that a column of at least 23 Russian military vehicles had crossed into Ukraine overnight. A Reuters reporter at the scene saw a dozen armoured personnel carriers (APCs) on the move not far from a Russian convoy carrying humanitarian aid for Ukraine. continue reading […]

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LATEST NEWS : MegaFon Shifts Cash to Hong Kong Dollars on Sanction Risk

OAO MegaFon (MFON), billionaire Alisher Usmanov’s wireless operator, said it has been shifting cash holdings into Hong Kong dollars, a move people say metals producer OAO GMKNorilsk Nickel (GMKN) is also undertaking, as the U.S. and Europe ratchet up sanctions against Russia. MegaFon decided to keep about 40 percent of its cash in Hong Kong dollars given the global […]

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LATEST NEWS : Russia may restrict trans-Siberian flights for EU airlines: newspaper

– Russia may restrict or ban European airlines from flying over Siberia on busy Asian routes, a newspaper reported on Tuesday, following Western sanctions which have grounded one Russian carrier and a billionaire’s private jet. continue reading at reuters.com

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