NEW YORK (Reuters) – Any peaceful resolution of Ukraine’s political turmoil must have Russia in the mix out of concern the two nations could descend into open warfare, European Commissioner for Industry and Entrepreneurship Antonio Tajani said on Friday.
“Of course it is important to back democracy, but at the same time it is important to work with Russia. Why? Because without strong cooperation with Russia it is impossible to have a good solution. The danger is Georgia II,” Tajani told Reuters on the sidelines of an Italian business conference.
NEW YORK, Feb 27 (Reuters) – Sovereign debt borrowing is
expected to rise by 2.7 percent to $7.1 trillion this year, with
the biggest relative increase coming in sub-Saharan Africa, a
new study by Standard & Poor’s showed on Thursday.
The increase in long-term debt borrowing, equivalent to $185
billion, will be led mainly by the United States and Japan,
which will account for 57 percent of the total in 2014. The next
biggest sovereign borrowers this year are projected to be Italy,
China and Brazil.
NEW YORK (Reuters) – Investors boosted the use of emerging market credit default swap contracts in the fourth quarter of last year, nearly doubling trading volumes, as concerns grow about economic growth in the developing world, a new survey showed on Tuesday.
According to EMTA, the trade association for the emerging markets, CDS contract trading volumes rose to $276 billion in the fourth quarter versus $142 billion during the same period in 2012, an increase of 94 percent. The increase over the third quarter was 7 percent.