Europe
The crisis on Ukraine can still send the markets into a tailspin, despite Russia appearing to back away from all-out war and the international wheels of diplomacy whirring into life, analysts and economists have warned. (Read more: Ukraine fin min: We’re broke but we won’t default) The country is still on the verge of further violence. …
Crimea may seem like a nondescript piece of land to squabble over – but its strategic significance has made it the battleground between Russia and the West before. The peninsula, about the size of Maryland, juts out into the Black Sea — the sea between Russia, Turkey and European Union states like Romania. While it …
Military muscle flexing by Russia accentuated risk aversion in global markets on Thursday, with investors once again rushing for safe havens. European markets were firmly “risk off” on Thursday, trading sharply lower. Investors instead opted for safe havens like sovereign bonds and the U.S. dollar. The yield on the 10-year benchmark German bund has fallen to 1.563 …
Fears of a bank run in Ukraine are rising, as central bank reserves sink and some 7 percent of bank deposits were lost in just 3 days. Ukraine’s reserves currently sit at $15 billion, according to the country’s newly appointed central bank governor, Stepan Kubiv. Kubiv said 7 percent of deposits, or 30 billion hryvnias …
Much has been made of the struggle between the European Union, Russia and the United States in the lead-up to the agreement signed Friday that it’s hoped will end deadly clashes in Kiev. Less discussed have been the wealthy and connected Ukrainians who are trying to influence events in the country. Behind the scenes, major …
Vienna, the home of Mozart and Freud, has held on to its title as the city with the highest quality of life, according to the 2014 rankings of the best places to live and work by management consultancy Mercer. Vienna was followed by Zurich, Switzerland, and Auckland, New Zealand. In fourth place was Germany’s Munich …
The U.K.’s Royal Household has mismanaged its finances and could do more to pay its own way, according to the British Parliament’s finance watchdog. There is “huge scope for savings” on the annual £31 million ($51 million) of taxpayers’ funds that the queen is given to spend on official duties, according to the Public Accounts …
Turkey has slipped alarmingly quickly from emerging market darling to market danger zone – and the emergency meeting of its central bank Tuesday evening is the latest attempt to stem an investor exodus. Local investors have been selling off their lira in favor of foreign currencies, and international investors have been staying away from the …
The euro zone’s economy slowed in the third quarter, sending a worrying signal to other global economies that demand from one of their biggest trading partners could fall back. The annual gross domestic product of the 17-country group grew by just 0.1 percent in the third quarter of 2013, marking a slowdown from an expansion …
Cyprus is finally reaching a bailout deal with the Eurogroup, but it’s a painful one. Michelle Caruso-Cabrera has the details.
What’s going on in Cyprus? Susie & Tyler talk to an expert investor for more details.
JPMorgan’s Global Market Strategist explains why you should be concerned about what’s going on in Cyprus.
Cyprus banks remain closed as leaders there try to avert a banking system collapse.
Cyprus lawmakers rejected an unprecedented proposal to tax bank deposits, part of a Eurozone bailout plan.
The head executive of the world’s largest bond fund talks about what the crisis in Cyprus means for the U.S. economy.
