A question of energy

By Mike Peacock
March 26, 2014

After two days in The Hague, Barack Obama moves on to Brussels for an EU/U.S. summit with Ukraine still casting the longest shadow.

IMF verdict on Ukraine due

By Mike Peacock
March 25, 2014

G7 leaders didn’t move the dial far last night, telling Russia it faced more damaging sanctions if it took any further action to destabilize Ukraine.
They will also shun Russia’s G8 summit in June and meet ”à sept” in Brussels, marking the first time since Moscow joined the group in 1998 that it will have been shut out of the annual summit.

G7 test of mettle

By Mike Peacock
March 24, 2014

Another crunch week in the East-West standoff over Ukraine kicks off today with Barack Obama in the Netherlands for a meeting of more than 50 world leaders at a nuclear security summit in the Netherlands. There, he and his fellow G7 leaders will hold separate talks on Ukraine.

The much-anticipated “capex” boom? It’s already happening, and stocks don’t care

March 21, 2014

It’s a familiar narrative: companies will finally start investing the trillions of dollars of cash they’re sitting on, unleashing a capital expenditure boom that will drive the global economy and lift stock markets this year.

Obama twists, EU sticks

By Mike Peacock
March 21, 2014

Washington has seriously upped the ante on Vladimir Putin by slapping sanctions on some of his most powerful allies.

How stiff is EU’s resolve?

By Mike Peacock
March 20, 2014

Russian troops seized two Ukrainian naval bases, including a headquarters in Sevastopol where they raised their flag. Moscow, continuing to insist it does not control the unbadged militia in Crimea, called for a detained Ukrainian navy commander to be freed, which has now happened. Make of that what you will.

Osborne stakes out election ground with little fiscal leeway

By Mike Peacock
March 19, 2014

The annual UK budget is always a big set piece but it’s hard to remember one where there have been fewer advance leaks – indicative of a steady-as-she-goes approach by George Osborne.
Having put so much political capital into reducing the deficit, to switch now at a time when the economy is recovering strongly would be politically risky. And with debt falling only slowly there is little fiscal leeway.

Putin welcomes Crimea in

By Mike Peacock
March 18, 2014

Vladimir Putin has told Russia’s Duma that he has approved a draft treaty to bring Ukraine’s Crimea region into Russia and in doing so continues to turn a deaf ear to the West’s sanctions-backed plea to come to the negotiating table.

Last-ditch talks on Crimea

By Mike Peacock
March 14, 2014

U.S. Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov will meet in London, a last chance by the look of it to make diplomatic headway before Sunday’s Crimean referendum on joining Russia which the West says is illegal.

Brazil looking most vulnerable in Latam to any bursting of China’s credit bubble

March 13, 2014

Higher taxes, rising prices, political turbulence. The outlook for Brazil over the next months and years is tough, as Reuters reported on Wednesday, but it could get a lot worse if there is a banking crisis in China, according to the British firm Oxford Economics.