The European Central Bank is about to start printing money. Euro zone data today will show why.
After Germany's foreign minister saw "no reason for optimism" after talks in Moscow on Tuesday, today Hungary’s Peter Szijjarto meets Russian Foreign Minister Sergei Lavrov. Violence is on the rise again in eastern Ukraine and tougher sanctions against Russia remain a live possibility although EU foreign ministers limited themselves to targeting a few more Ukrainian separatists earlier this week.
Back when most of today's Western decision-makers were in college, Sting had a hit song with “Russians.” It began:
Since Russian troops seized Ukraine's strategic Crimean peninsula in late February, and separatists backed by Russian President Vladimir Putin began waging a bloody insurgency in the country's east, the North Atlantic Treaty Organization has walked a fine line.
A reported 0300 GMT deadline, which Russian forces denied had been issued, for Ukraine’s troops to disarm in Crimea or face the consequences has passed without incident and in the last hour President Vladimir Putin has ordered troops that took part in military exercises in western Russia to return to base.
Fund managers searching for yield are increasing exposure to frontier markets (FM) as a diversification from emerging markets (EM), as the latter have been offering negative relative returns since January, according to MSCI data.
It wasn’t just Irish eyes that were smiling when the Euro 2012 playoff draw was made in Polish city of Krakow - some of the Football Association of Ireland (FAI) delegation appeared to be laughing out loud when they were drawn to face Estonia, with the winner heading to next year’s finals.