Daragh McDowell, senior analyst at Maplecroft, says the conflict between Ukraine and Russia has become an "existential issue for both presidents", as backing down would mean losing their positions.» Read More
A group of U.S. senators called on President Barack Obama on Thursday to impose sanctions on Russia's defense sector.
NEW YORK, March 27- Crude oil futures rose on both sides of the Atlantic on Thursday, with U.S. crude up more than $1 to hit a three-week high as strong U.S. economic data and the end of refinery maintenance season signaled strong demand ahead for crude oil.
The EU and euro member was worried its close links between the two would be put to the test when Europe and the United States started talking about sanctions on Russia to protest its seizure of the Ukrainian territory of Crimea.
WASHINGTON, March 27- The International Monetary Fund, which on Thursday approved a new aid package for Ukraine, said it does not see a need to restructure the country's debt at this time. "We've consulted widely in Ukraine across the political spectrum," he said. "
*LME taking legal advice on options, possible appeal. LONDON, March 27- Russian aluminium producer Rusal dealt a stunning setback to London Metal Exchange plans to cut logjams in warehouses, winning a court decision to halt the reform because consultations had been "unfair and unlawful".
*Citigroup shares slump after Fed rejects capital plan. Markets were also pressured by a steep decline in Citigroup Inc shares, which suffered their biggest daily drop since November 2012 after the Federal Reserve rejected the bank's capital plan.
*Citigroup falls in premarket, Fed rejects capital plan. NEW YORK, March 27- U.S. stock index futures indicated a flat opening on Wall Street Thursday as the latest economic data pointed to improving conditions, though investors were reluctant to make big bets amid tensions in Ukraine and a drop in Citigroup shares.
Lawrence Lindsey, The Lindsey Group president & CEO, shares his thoughts on U.S. foreign policy towards Russia. I think we are going to learn a very bad lesson from this, says Lindsey.
Concerns that the crisis in Crimea could hit Russia's economic prospects were raised this week by the World Bank and the country's economy minister.
LONDON, March 27- Brent crude oil rose towards $108 a barrel on Thursday, supported by worries about potential supply disruption due to the possibility of Western sanctions on Russia's energy sector.
LONDON, March 27- The London Metal Exchange will not implement reforms to cut logjams in its global warehousing network as scheduled next month after it lost crucial elements of a legal case brought by Russian aluminium giant Rusal.
*Citigroup falls in premarket, Fed rejects capital plan. *On Wednesday, the U.S. and the European Union agreed to work together to prepare possible tougher economic sanctions in response to Russia's annexation of Ukraine's Crimea territory, including on the energy sector.
LONDON, March 27- Emerging currencies held near multi-week highs to the dollar on Thursday, buoyed by Chinese stimulus hopes and stable U.S. yields, while Ukrainian bond prices surged to two-month highs on news of a $14- $18 billion IMF loan.
Geoff Dennis, UBS head of GEM strategy, discusses whether investors should steer clear of investing in Russia. We are recommending a neutral position there but are more inclined to sell than to buy, says Dennis.
KIEV, March 27- The International Monetary Fund has agreed a $14- 18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion.
LONDON, March 27- Brent crude oil held steady around $107 a barrel on Thursday, underpinned by worries about potential supply disruption due to the possibility of Western sanctions on Russia's energy sector.
MOSCOW, March 27- Russia's nuclear industry contracts with other countries could be affected by Western sanctions, the head of state nuclear corporation Rosatom was quoted as saying on Thursday.
Brad McMillan, CIO at Commonwealth Financial, says that Russia disconnecting itself from the global economy is part of a growing trend of countries emphasizing their own interests.
Sam Greene, founding director of King's Russia Institute, discusses Russia's ambitions in Ukraine and whether the country's president Vladimir Putin has further plans for expansion.
President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas.