Stephen's Feed
Jul 10, 2015

Greek banks need 14 billion euros in capital even with a deal: source

ATHENS (Reuters) – Greece’s banks will need an estimated 10 to 14 billion euros of fresh capital to keep them afloat and more time before they reopen even if a deal is reached with European creditors on Sunday, a senior Greek banker told Reuters on Friday.

Shut for two weeks, banks have relied on an ECB-approved emergency credit line from the domestic central bank to dispense rationed cash and are due to reopen on Tuesday, barring another extension of the bank holiday.

Jul 10, 2015

Greek banks need 14 bln euros in capital even with a deal-source

ATHENS, July 10 (Reuters) – Greece’s banks will need an
estimated 10 to 14 billion euros of fresh capital to keep them
afloat and more time before they reopen even if a deal is
reached with European creditors on Sunday, a senior Greek banker
told Reuters on Friday.

Shut for two weeks, banks have relied on an ECB-approved
emergency credit line from the domestic central bank to dispense
rationed cash and are due to reopen on Tuesday, barring another
extension of the bank holiday.

Feb 17, 2015

Insight – PM Tsipras declares war at home on Greece’s ‘oligarchs’

ATHENS (Reuters) – Greece’s new anti-corruption minister is not a politician, but he is in tune with the new crusading mood.

International attention on Greece since the Syriza party took over has focussed on the leftist government’s fight against an austerity package imposed from abroad.

Feb 17, 2015

PM Tsipras declares war at home on Greece’s ‘oligarchs’

ATHENS, Feb 17 (Reuters) – Greece’s new anti-corruption
minister is not a politician, but he is in tune with the new
crusading mood.

International attention on Greece since the Syriza party
took over has focused on the leftist government’s fight against
an austerity package imposed from abroad.

Dec 19, 2014

Special Report: Opaque middlemen exact high price in Russia’s deals with the West

MOSCOW/LONDON, Dec 19 (Reuters) – Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found.

These middlemen firms, which have no easily traceable owners or offices, add mark-ups that mean Russian state hospitals frequently pay two or three times more than hospitals in the West for the same equipment. A Reuters examination of Russian customs data and state procurement records shows the price differences can be hundreds of thousands of dollars on a single item.

Dec 19, 2014

Opaque middlemen exact high price in Russia’s deals with the West

MOSCOW/LONDON, Dec 19 (Reuters) – Russia pays hugely
inflated prices for vital medical equipment made by Western
companies, in part because some manufacturers channel sales
through obscure intermediary companies, a Reuters examination
has found.

These middlemen firms, which have no easily traceable owners
or offices, add mark-ups that mean Russian state hospitals
frequently pay two or three times more than hospitals in the
West for the same equipment. A Reuters examination of Russian
customs data and state procurement records shows the price
differences can be hundreds of thousands of dollars on a single
item.

Dec 11, 2014

Special Report: How a 29-year-old Ukrainian made a killing on Russian gas

KIEV, (Reuters) – A young businessman accused of being a frontman for former Ukrainian president Viktor Yanukovich made $100 million or more from buying Russian gas at a preferential rate and selling it on at higher prices, according a former senior employee and a Reuters examination of official data.

Serhiy Kurchenko, 29 years old and a self-declared billionaire, made the money by selling cheap gas supplied by companies run by Dmitry Firtash, a prominent Ukrainian oligarch. Firtash has long-standing business connections to Russia and his companies were able to buy gas cheaply from Gazprom, the giant gas company run by allies of Russian President Vladimir Putin.

Dec 11, 2014

How a 29-year-old Ukrainian made a killing on Russian gas

KIEV, Dec 11 (Reuters) – A young businessman accused of
being a frontman for former Ukrainian president Viktor
Yanukovich made $100 million or more from buying Russian gas at
a preferential rate and selling it on at higher prices,
according a former senior employee and a Reuters examination of
official data.

Serhiy Kurchenko, 29 years old and a self-declared
billionaire, made the money by selling cheap gas supplied by
companies run by Dmitry Firtash, a prominent Ukrainian oligarch.
Firtash has long-standing business connections to Russia and his
companies were able to buy gas cheaply from Gazprom, the giant
gas company run by allies of Russian President Vladimir Putin.

Nov 26, 2014

Special Report: Putin’s allies channeled billions to Ukraine oligarch

MOSCOW/KIEV (Reuters) – In Russia, powerful friends helped him make a fortune. In the United States, officials want him extradited and put behind bars. In Austria, where he is currently free on bail of $155 million, authorities have yet to decide what to do with him.

He is Dmitry Firtash, a former fireman and soldier. In little more than a decade, the Ukrainian went from obscurity to wealth and renown, largely by buying gas from Russia and selling it in his home country. His success was built on remarkable sweetheart deals brokered by associates of Russian leader Vladimir Putin, at immense cost to Russian taxpayers, a Reuters investigation shows.

Nov 26, 2014

Putin’s allies channelled billions to Ukraine oligarch

MOSCOW/KIEV, Nov 26 (Reuters) – In Russia, powerful friends
helped him make a fortune. In the United States, officials want
him extradited and put behind bars. In Austria, where he is
currently free on bail of $155 million, authorities have yet to
decide what to do with him.

He is Dmitry Firtash, a former fireman and soldier. In
little more than a decade, the Ukrainian went from obscurity to
wealth and renown, largely by buying gas from Russia and selling
it in his home country. His success was built on remarkable
sweetheart deals brokered by associates of Russian leader
Vladimir Putin, at immense cost to Russian taxpayers, a Reuters
investigation shows.