29 Jul 2015

Despite Sanctions, Russian Defense Revenues Soaring

“Despite the pressure of Western sanctions, the sharp devaluation of the Russian ruble and runaway inflation at home, Russian defense firms featured in this year’s Defense News Top 100 ranking saw surging revenues as exports reached new highs and the government poured money into defense procurement.” Source: Despite Sanctions, Russian

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28 Jul 2015

An Explosion Has Shut Down the Iran-Turkey Natural Gas Pipeline

“Turkey’s energy minister says an explosion on a natural gas pipeline between Iran and Turkey caused a large fire and shut down the flow of gas. Taner Yildiz said Tuesday the explosion was in Agri province, some 15 kilometers from the Iranian border, and he suggested Kurdish rebels were to

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27 Jul 2015

China shares fall more than 8% on growth concerns

“Shares in mainland China have recorded their biggest one-day fall for more than eight years following a sell-off towards the end of the trading day. The Shanghai Composite closed down 8.5% at 3,725.56 after more weak economic data raised concerns about the health of world’s second largest economy. Profit at

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25 Jul 2015

Russia to launch credit rating agency that won’t factor in geopolitical risks

“Sick of getting downgraded, Russia is launching its own new rating company that will be immune to geopolitical risks. ‘The Russian market needs a strong credit rating agency with a high level of corporate governance and professional competence, capable of satisfying the interests of the economy [that is] authoritative enough for Russian and foreign investors,’ according

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22 Jul 2015

U.S., Cuban Banks Agree to Form Financial Link

“Florida-based Stonegate Bank signed on Tuesday the first deal to set up a correspondent account in Cuba since President Barack Obama’s December move to re-establish relations with the island nation, the bank’s president said.” Source: U.S., Cuban Banks Agree to Form Financial Link – WSJ

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21 Jul 2015

Germany, Iran Take Tentative Steps Toward Reviving Trade

“Germany and Iran have moved tentatively toward reviving their once close trade relationship in anticipation of the lifting of Western economic sanctions against Tehran following a landmark nuclear deal. “ Source: Germany, Iran Take Tentative Steps Toward Reviving Trade

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16 Jul 2015

Greece debt crisis: Eurozone backs €7bn bridge loan

“Eurozone ministers have agreed to give Greece a €7bn (£5bn) ‘bridge’ loan from an EU-wide fund to keep its finances afloat until a bailout is approved.” Source: Greece debt crisis: Eurozone backs €7bn bridge loan – BBC News

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15 Jul 2015

Mexico’s new oil era is here and an economic legacy is at stake

“Mexico President Enrique Pena Nieto’s credibility on law and order was damaged this weekend by the prison escape of the nation’s most famous drug trafficker. Now he’s about to be tested on his pledge to attract private investment to the flagging oil business and help revive the economy. On Wednesday,

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15 Jul 2015

Oil Rises as Markets Weigh Iran Deal Impact, U.S. Stockpiles

“Crude-oil futures moved higher in Asian trade Wednesday on some bullish U.S. oil inventory data and as markets calmed after the Iranian nuclear accord finally came through yesterday. “ Source: Oil Rises as Markets Weigh Iran Deal Impact, U.S. Stockpiles – WSJ

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15 Jul 2015

Greece debt crisis: MPs debate tough new laws

“Greece’s MPs are debating tough economic measures they must approve by the end of the day in order for a eurozone bailout deal to go ahead. The possible €86bn bailout was agreed on Monday, though one of Greece’s creditors, the International Monetary Fund, says it does not go far enough.”

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