Russia’s Putin says US sanctions drive bilateral relations into a corner + MORE Jul 17th

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MOSCOW – Russia’s President Vladimir Putin has lamented the latest round of U.S. sanctions against his country. He says they are stalemating bilateral relations and hurting not only Russian but also American businesses.
U.S. President Barack Obama on Wednesday announced broader sanctions against Russia, targeting two major energy firms, a pair of powerful financial institutions, eight arms firms and four individuals. The increased economic pressure is designed to end the insurgency in eastern Ukraine that is widely believed to be backed by the Kremlin.
Putin said in televised comments on Thursday they are hurting relations between the two countries as well as the interests of American companies. He added that Moscow is still keeping the door open for diplomacy.
Russia’s biggest oil company Rosneft has a multi-billion-dollar deal with ExxonMobil.
The post Russia’s Putin says US sanctions drive bilateral relations into a corner appeared first on Canadian Business.

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60 days – 1.75%

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SEOUL, South Korea – Asia’s major stock markets mostly posted modest gains Thursday after positive U.S. corporate and economic news underpinned confidence.
Regional markets were buoyed by another record high for the Dow and a Federal Reserve survey that showed the U.S. economy continued expanding in all regions in June and early July, helped by strength in consumer spending.
Robust earnings reports and news that Rupert Murdoch’s Twenty-First Century Fox offered to buy Time Warner also gave markets a perk. The offer from Twenty-First Century Fox, though rejected, was a sign that corporate deals might make a comeback.
Japan’s Nikkei 225 rose 0.2 per cent to 15,411.75 and South Korea’s Kospi was up 0.5 per cent to 2,023.75. South Korean stocks got a boost with hopes that the country’s new finance minister would ease housing market regulations.
Australia’s S&P/ASX 200 added 0.4 per cent to 5,542.40 but Hong Kong’s Hang Seng shed 0.2 per cent to 23,483…

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Chron.comMorning MoneyBeat Europe: Weakness on Increased Russian SanctionsWall Street JournalEuropean stock markets are set to trade lower Thursday, as investors react with caution to the announcement of new U.S. and EU sanctions against Russia over its role in the unrest in the Ukraine. On Wednesday, the U.S. prohibited any new long-term …US slaps toughest sanctions yet on Russia, targets Putin alliesReuters CanadaVTB's Kostin Says Sanctions May Hurt Financial SystemBloombergRussian shares fall after US targets companies in fresh sanctionsFinancial TimesReuters UK -Reuters -Businessweekall 1,757 news articles »

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