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21 December 2014
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From Moscow with Love
Russia’s Richest Man Brings Key Assets Back to Russia: Reports
Alisher Usmanov's USM holdings decided to move its assets under the Russian jurisdiction in line with President Vladimir Putin's call for deoffshorization of the Russian economy.
Hackers Obtain Personal Data From 1.16Mln Payment Cards: Staples Inc.
Staples Inc., an American large office supply chain store, has admitted that hackers could have stolen personal data from almost 1.16 million payment cards. The incident has become yet another data theft in a string of "high-profile" cyber attacks against US biggest supply chains.
Instagram Now Valued at $35 Bln
Instagram’s monetary worth jumped by 84%, to $35 bln, leaving Twitter behind, as the photo-sharing service saw a 50% increase in users during the last nine months.
Wall Street Extends Gains, Driven by Energy Stocks
Yesterday’s trading session on Wall Street saw markets capitalize on somewhat stabilized oil prices.
Obama: Keystone Pipeline Will Not Affect US Gas Prices
US president Barack Obama stated that the Keystone Pipeline XL had never been the answer to lowering gas prices and if the project does move forward, the president wants to make sure it is not adding to the problem of climate change.
EU Says Will Invest Over 12Bln Euro in Portuguese Economy in 2014-2020
The money will be used to increase the competitiveness of local companies on foreign markets by promoting research and development projects, to issue grants and to establish business incubators. It is believed that these measures will also create additional jobs.
Bank of Japan Excludes Possibility of Repeat of Russian 1998 Crisis
A sharp decline in oil prices could damage Russia's economy, but Russian oil and gas company are not on the verge of default because of debt, Bank of Japan Governor Haruhiko Kuroda believes.
Spanish Clothing Giant Refutes Reports of Suspended Shipments to Russia due to Ruble Slump
The delivery of clothing to Russia is not hampered by the Ruble depreciation, the Inditex spokesperson assures.
Global Markets Rejoice as Oil Prices Stabilize to Near $60/bbl
Global stocks have capitalized on newly found optimism as crude prices seem to be stabilizing, while several central banks signaled that there would be no tightening in the near future.
US Provoked Oil Prices Fall to Attack Venezuela, Russia: Evo Morales
Nowadays it is impossible to remove presidents with military coups, so economic means and sanctions are considered, Bolivian President Evo Morales said, adding that the US has provoked the reduction in oil prices to 'attack' Russia's and Venezuela's economies.
Russian Banks Hike Deposit Rates Amidst Interbank Lending Crisis
Russia’s commercial lenders are desperate to attract liquidity by offering record high deposit rates to individuals, as banks are reluctant to lend to each other, and repo rates are sky-high.
Serbia Needs Alternative Route for Russian Gas Due to Ukraine Instability
Serbia is concerned that the only route for Russian gas deliveries passes through Ukrainian territory, the Serbian foreign minister said after talks with his Russian counterpart Sergei Lavrov.
South Stream Project Cancelled
Belarus Implements Temporary 30% Commission on Foreign Currency Trade
According to the Belarusian National Bank's press release, companies and banks will pay the commission when purchasing currency on the foreign exchange market, citizens will pay a commission in the banks upon purchase.
Russia's Gazprom-Media CEO Puts in Request for Resignation: Press Center
According to Gazprom's press center, Mikhail Lesin has turned in a request to remove him from the post of Gazprom-Media chairman. His request will be considered at the next Gazprom-Media board meeting.
Oil Prices Rise as Saudi Petroleum Minister Predicts Increased Demand
Saudi Arabia's Minister of Petroleum is optimistic about the future of oil prices. He believes that the global economic growth will resume and trigger demand for oil.
Europe to Pay More for US Gas Rather Than Russian: Energy Agency
The executive director of the International Energy Agency stated that the Europe’s plans to diversify energy supplies away from Russian sources towards American LNG imports should not be dramatized, as the price is higher than piped Russian gas.
Normalization of US-Cuba Relations Focused on Business: US Official
Economic assistance will not be on the US and Cuban officials' meeting agenda next month, although Washington wants to encourage economic independence of Cubans.
US-Cuba Relations Recieve Major Makeover
Russia's Economic Challenges Part of Global Trend: Indian Minister
India's Minister of State for Finance stated that the current Russia's economic difficulties are a part of a global trend and will stabilize over time.
Asset Swap Between BASF, Gazprom Cancelled: German Concern
The natural gas trading business will now continue to operate as a 50-50 joint venture between Gazprom and BASF Group company Wintershall, German concern said in a press-release.
US Dollar Continues to Rise After Decision to Keep Federal Funds Rate Low
The US dollar rose against the euro and yen on Thursday. As of 16:09 GMT the euro exchange rate against the US dollar dropped from $1,2342 to $1,2268; The rate of exchange of the US dollar against the yen grew from 118,65 to 118,68 yen.
Boxing Legend Muhammad Ali in Hospital With Pneumonia
Al-Qaeda Warns of Possible Attacks on French Oil Giant Facilities in Yemen
Church of England Head Will Listen to Both Sides in Gay Marriage Debate
Akhlaq’s Father Wants Son to Be Buried in Hometown in Russia
Israel to Lose $153Mln From Russian Tourism Decline Over Falling Ruble
Stratfor: Ukraine Coup Plotted by US Over Russian Stance on Syria
Canada Imposes New Sanctions Against Russia: Prime Minister
One Austrian Teenage Girl Recruited by IS Killed, Other Missing: Reports
Russia to Prepare Response to Recent US, Canada Sanctions: Foreign Ministry
Russia Reserves Adequate Response to Ukraine Freedom Support Act: Official
Merkel on Fire: European Farmers Protest in Brussels
Obama Congratulates Jews on Hanukkah and Says American Released From Cuban Prison
What Europeans Think About EU Foreign Policy