UNITED NATIONS (Reuters) – Russian and Ukrainian defense officials have made contact in an effort to reduce potential armed confrontation in Crimea, the United Nations said on Thursday, indicating some movement toward defusing the worst East-West conflict since the end of the Cold War.
“The secretary general was encouraged that we see, like we saw today, a working level, if I can call it that, between senior defense officials to de-escalate some of the flashpoints that we saw in Crimea,” the spokesman for U.N. Secretary-General Ban Ki-moon said in a teleconference briefing with reporters from Moscow.
NEW YORK, March 18 (Reuters) – A modest easing of
geopolitical tension in Ukraine and a slight increase in U.S.
Treasury yields took some premium away from the euro on Tuesday,
sending it down against the U.S. dollar and the yen.
The Chinese yuan deepened its month of losses against the
greenback on more signs of problems with a slowing economy and a
heavily indebted corporate sector. The yuan’s weakness was seen
as a benefit for the yen, helping lift it against the greenback.
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.