GO
Loading...

Ukraine

More

  • LONDON, Jan 21- The British government said on Wednesday it would try to pass a law to force tobacco firms to sell cigarettes in plain packets without branding in England before May, ending years of debate and lobbying over the issue. The move, aimed at improving public health and cutting the number of child smokers, is likely to crimp tobacco firms' profits and would...

  • Not only have the Indian, Danish and now Canadian central banks surprised with interest rate cuts, the Swiss National Bank confounded expectations last week by abandoning its vow to cap the value of the franc against the euro just days after calling the peg a "cornerstone" of Swiss monetary policy. Virtually no economist expected the Bank of Canada to cut rates, as...

  • LONDON, Jan 21- The British government said on Wednesday it would try to pass a law to force tobacco firms to sell cigarettes in plain packets without branding in England before May in order to improve public health and cut the number of child smokers. "I now propose that we lay regulations for standardized packaging in this parliament to allow for them to come into...

  • The comments by Andrey Dashin raise questions for British regulators, already under pressure over how tightly they controlled online foreign currency trading operations, most of which are based in Cyprus while doing business in London. The U.S. National Futures Association is looking at changes to its rules for leverage by retail clients trading...

  • The lift in prices come after OPEC's Secretary General and the International Energy Agency's chief economist both said they expected prices- hovering at April 2009 lows- to rebound later this year. Total SA joined a raft of international oil companies, including BP Plc and ConocoPhillips, in slashing budgets in light of the recent plunge in prices.

  • Obama right about Russia economy: Experts Wednesday, 21 Jan 2015 | 3:10 PM ET
    Russian communist party supporters carry a portrait of late Soviet leader Vladimir Lenin as they take part in a memorial ceremony to mark the 91st anniversary of his death, in Moscow’s Red Square, Jan. 21, 2015.

    Individuals doing business with Russian clients say Obama's claims of Russia's economy being in "tatters" are absolutely correct.

  • LONDON, Jan 21- The Swiss currency shock has raised an awkward question many investors have been fearful of asking- what if central banks become as unpredictable and fallible as they are powerful? The Swiss National Bank's sudden decision to abandon its three-year-old cap on the franc- the "cornerstone" of its monetary policy just three days before- led to the...

  • OTTAWA/ FRANKFURT, Jan 21- The Bank of Canada joined the list of "unpredictable" central banks on Wednesday with a shock quarter point rate cut as the European Central Bank prepared a 600 billion euro bond-buying program aimed at lifting Europe out of its economic doldrums. The global economy outside of the United States has turned distinctly gloomy, with Japan...

  • *Sydney, London, Frankfurt among global yuan trading centers. DAVOS/ ZURICH, Jan 21- Switzerland's central bank said on Wednesday it had agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • NEW YORK, Jan 21- The dollar slipped to a nearly one-week low against the euro on Wednesday before paring losses after reports on the European Central Bank's expected bond-buying program sparked a knee-jerk reaction from traders. The euro, which earlier hit a near one-week high of $1.16800, pared gains and last traded 0.19 percent higher against the dollar at...

  • OPEC's secretary-general and the International Energy Agency's chief economist both said they expected prices, currently near their lowest since 2009, to rebound later this year. The cut is "headline-grabbing," analyst Matt Smith of Schneider Electric said, but it will be months before an actual reduction will manifest. Turmoil in Yemen further added to the...

  • *Sydney, London, Frankfurt among global yuan trading centers. ZURICH, Jan 21- Switzerland's central bank said on Wednesday it has agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • LONDON, Jan 21- Britain's vast foreign exchange markets need more regulation in the wake of a currency rate-fixing scandal that landed global banks with heavy fines last year, a lawyer who investigated the case said on Wednesday. Anthony Grabiner, speaking to British lawmakers, said care should be taken not to undermine the effectiveness of London as a centre...

  • LONDON, Jan 21- Britain's vast foreign exchange markets need more regulation in the wake of a currency rate-fixing scandal that landed global banks with heavy fines last year, a lawyer who investigated the case said on Wednesday. Anthony Grabiner, speaking to British lawmakers, said care should be taken not to undermine the effectiveness of London as a centre...

  • *Canadian dollar touches C $1.2420 vs US$, or C $80.52 U.S. cents. *Bank of Canada cuts overnight rate to 0.75 percent, slashes outlook. TORONTO, Jan 21- The Canadian dollar on Wednesday plunged more than 2 percent to its weakest since April 2009 after the Bank of Canada shocked financial markets with an interest rate cut, while bond yields fell to record lows across the...

  • NEW YORK, Jan 21- The dollar fell against the euro on Wednesday after published reports indicated the European Central Bank has proposed a smaller bond-buying program than expected, while the dollar slipped against the yen after the Bank of Japan left its stimulus program unchanged. The euro hit a nearly one-week high against the dollar of $1.168 after the Wall...

  • LONDON, Jan 21- The European Union's plan to build a capital market union will not include a super-regulator for markets in the same way the European Central bank now supervises top euro zone lenders, a senior EU official said on Wednesday. The comment will assuage concerns in Britain, the bloc's biggest securities market, that a push by Brussels for a new, more...

  • Brent has fallen by more than 50 percent since June amid oversupply and OPEC's decision not to curb output despite a fast-growing U.S. shale industry. The heads of both France's and Italy's largest energy producers, Total and ENI Spa, said Wednesday they were cutting capital expenditure next year, including U.S. shale investments. At 1505 GMT, Brent crude for...

  • *Resources pour into worst hotspot Freetown. FREETOWN, Jan 21- Here at the front line of the Ebola epidemic, the tide seems to be turning against the disease. A military-style operation to fight the outbreak in Sierra Leone- the worst-affected country- has helped to dramatically reduce new cases, in what health officials say is a major step towards defeating Ebola.

  • Ukraine President: Must stop this 'terrorism'  Wednesday, 21 Jan 2015 | 10:00 AM ET

    At Davos, Ukraine's President Petro Poroshenko talks to CNBC about how the country needs help from the rest of the world to stop its conflict with Russia.