Recent Posts

Ruble climbs as Turkey drives flows to Russia

  BLOOMBERG The ruble extended last week’s rally as exporters bought the currency to pay local dividends and taxes, while some traders speculated that the coup attempt in Turkey will spur investors to seek alternatives in the Russian market. The currency increased 0.7 percent to 63.10 by 12:03 p.m. in Moscow, taking its gain this year to 17 percent, the ...

Read More »

Swiss get EU immigration vote do-over some Britons hope for

  Bloomberg The Swiss may have a trick up their sleeves for smoothing relations with their neighbours that the British don’t. The country of 8 million at the heart of Europe will get the chance to hold a second plebiscite on EU immigration, after a 2014 vote that jeopardizes its current arrangement with the bloc. That’s what some in the ...

Read More »

Exxon’s $2.5 billion bid for PNG’s InterOil tops Oil Search offer

  Bloomberg Exxon Mobil Corp. is doubling down on Papua New Guinea, topping a rival offer for InterOil Corp., a gas explorer focused on the Southeast Asian nation. The energy giant’s offer values InterOil at $2.5 billion, including debt, beating an earlier bid from Oil Search Ltd. and Total SA. Exxon already runs Papua New Guinea’s only liquefied natural gas ...

Read More »
Send this to a friend