Ron Wahid, CEO of Arcanum, says the West needs to impose tougher sanctions on Russia and discusses public opinion in Russia.» Read More
Ukraine's government and the U.S. condemn the referendum vote but Russia says the results should be respected, reports CNBC's Michelle Caruso-Cabrera. Also an update on presidential elections in India.
MOSCOW, May 12- Russians ditched the rouble in March at the fastest pace in more than four years, official data showed, as the currency was hit by fallout from the worst standoff with the West since the Cold War over Ukraine.
BRUSSELS, May 12- The European Union is set to step up pressure on Russia on Monday by taking a first cautious step towards extending sanctions to companies, as well as people, linked to Moscow's annexation of Ukraine's Crimea region.
*Says meeting helped free OSCE observers in east Ukraine. BERLIN, May 11- Former German Chancellor Gerhard Schroeder said on Sunday his controversial meeting with Vladimir Putin helped win the release of European military observers held in eastern Ukraine days later and he urged the West to stop focusing on sanctions on Russia.
*Vote organised on ad hoc basis, ballot paper confusion. *West fears slide into civil war. MARIUPOL/SLAVIANSK, Ukraine, May 11- Rebels pressed ahead with a referendum on self-rule in east Ukraine on Sunday and fighting flared anew in a conflict that has raised fears of civil war and pitched Russia and the West into their worst crisis since the Cold War.
*U.S. says no sign Russia pulling troops back from Ukraine border. Barricades of tyres and scrap metal blocked streets in the port city of Mariupol and in Slaviansk, centres of an uprising that has unleashed the worst crisis between the West and Russia since the Cold War.
MARIUPOL/SLAVIANSK, Ukraine, May 11- Ukrainian leader Oleksander Turchinov warned pro-Russian eastern regions they would be stepping into the abyss if they voted for self-rule on Sunday in a referendum that has raised Western fears of a slide to full civil war.
*Armed pro-Russians block streets, no sign of Ukraine forces. MARIUPOL/SLAVIANSK, Ukraine- May 10- Ukrainian acting President Oleksander Turchinov told eastern regions gripped by a pro-Russian uprising that they would be courting catastrophe if they voted "yes" in a separatist referendum on Sunday.
NEW YORK, May 9- U.S. crude futures fell modestly in range-bound trade on Friday as the market balanced support from a drawdown in domestic crude stockpiles against technical sell points that have kept oil from rallying, while Brent was lower as traders awaited developments in the Ukraine crisis.
NEW YORK/ LONDON, May 9- Gold dropped on Friday, notching its second consecutive weekly drop, with selling triggered by a sharp rise in the U.S. dollar and analysts' expectation that the Federal Reserve could raise interest rates next year.
NEW YORK/ LONDON, May 9- Gold eased on Friday, notching its second consecutive weekly drop, with selling triggered by a sharp rise in the U.S. dollar and analysts' expectation that the Federal Reserve could raise interest rates next year.
NEW YORK, May 9- U.S. crude futures were ranged bound on Friday as the market balanced support from a drawdown in domestic crude stockpiles against technical sell points that have kept oil from rallying higher, while Brent was lower as traders awaited developments in the Ukraine crisis.
NEW YORK, May 9- The euro's sharp decline from a 2-1/ 2 year high against the dollar extended into Friday, a day after European Central Bank chief Mario Draghi did his best to sap the currency's strength by threatening more monetary stimulus.
President Vladimir Putin flew in to Crimea on Friday for parades marking the Soviet victory in World War Two.
Weeks of fighting have exposed 20 years of neglect of Ukraine's security forces since the 1991 collapse of the Soviet Union. Eastern rebels that Kiev and the West say are backed by Russian special forces benefit from political vacillation, disarray among the generals and field commanders unsure of their orders.
FLORENCE, Italy, May 9- European Union countries are struggling to agree the approach to take on the crisis in Ukraine, despite broad condemnation of the actions of Russia, outgoing European Commission President Jose Manuel Barroso said on Friday.
*Red Square parade given extra charge by Ukraine crisis. MOSCOW, May 9- Tanks rumbled across Red Square and fighter jets screamed overhead on Friday in Russia's biggest Victory Day military parade in years, fuelling patriotic fervour as President Vladimir Putin rallies his people over the Ukraine crisis.
*Traders await fresh news over Ukraine stand-off. LONDON, May 9- Gold held steady around $1,290 an ounce on Friday, underpinned by strong chart support, but remained on track to fall for a second week as the dollar took support from euro weakness and traders awaited further news on Ukraine.
BERLIN, May 9- German growth could be reduced by up to 0.9 percentage points this year and 0.3 points in 2015 if the EU imposes tougher economic sanctions on Russia for its actions in Ukraine, a German magazine reported.
LONDON, May 9- Lower-rated euro zone bond yields fell to fresh record lows and the common currency slid further on Friday as investors positioned for more monetary stimulus from the European Central Bank.