Global Investing

Ukraine and the IMF: a sense of deja vu

April 1, 2014

The West has just agreed to stump up a load of cash for Ukraine but there is a distinct sense of deja vu around it all.

Ukraine aid may pay off for Kremlin

December 19, 2013

Ukraine said today it was issuing a $3 billion in two-year Eurobonds at a yield of 5 percent in what seems to the start of a bailout deal with Russia. That sounds like a good deal for Kiev — its Eurobond maturing next year is trading at at a yield of 8 percent and it could not reasonably expect to tap bond markets for less than that. In addition,¬† Ukraine is also¬† getting a gas price discount from Russia that will provide an annual saving of $2.6 billion or so.

Two months rally + long markets = correction?

March 7, 2012

The debate in global financial markets is whether the new year’s rally is either just pausing or coming to an end.