If only it were this easy.
The United Nations General Assembly begins its annual meeting next week with the overhang of chemical weapons diplomacy in Syria and a diplomatic dance over Iran’s nuclear aspirations (and the distrust by much of the West of Tehran’s intentions). That creates a tantalizing prospect of the two, U.S. President Barack Obama and Iranian President Hassan Rouhani, taking a face-to-face spin together on the global stage.
But it was all about getting down to business on Friday at the Grand Hyatt hotel in New York where the UN Global Compact and the LEGO Foundation unveiled a 1.65 meter tall replica of the UN headquarters. UN Secretary-General Ban Ki-moon playfully pointed out his office. He was joined by LEGO Foundation chairman Kjeld Kirk Kristiansen and its chief executive officer Dr. Randa Grob-Zakhary, who want the way children play to be re-defined and the learning process to be re-imagined.
NEW YORK (Reuters) – Moody’s Investors Service cut Ukraine’s sovereign credit rating further into junk category on Friday and warned that more downgrades could come.
Moody’s cut the rating by one notch to Caa1 from B3, with the outlook placed on review for downgrade, as it cited concerns over a drop in foreign currency reserves, new debt issuance and potentially worsening relations with Russia.
Pulled the jacket out. #fall is here and not a moment too soon.
NEW YORK (Reuters) – The dollar weakened against the euro and yen as investors adjusted positions ahead of the weekend and next week’s U.S. Federal Reserve policy setting meeting.
After last Friday’s weaker-than-expected U.S. non-farm payrolls data, many traders and analysts expect the central bank to announce a modest $10 billion reduction to its $85 billion monthly bond-buying program.