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Ruble falls in EMEA as oil adds to pressure

  Bloomberg The ruble declined the most among peers in Europe, the Middle East and Africa, succumbing to retreating oil and pressure on emerging markets from the prospect of a Federal Reserve interest-rate increase. The Russian currency weakened for a second day, falling 1 percent to 66.64 against the dollar by 12:35 p.m in Moscow. Brent crude, the benchmark for ...

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Finland cheers Nokia’s uphill battle for smartphone comeback

  Bloomberg Finland, locked in a downward economic spiral since Nokia Oyj’s fall from atop the smartphone world, cheered the announcement that handsets bearing the company’s badge will reappear, and with them the possibility of much-needed jobs. The country, which eked out 0.5 percent growth in 2015 after three years of recession, took a massive hit when Espoo-based Nokia surrendered ...

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Fed puts June rate increase on table provided economy says go

  New York / BLOOMBERG Federal Reserve officials want to raise interest rates in June. Now, it is up to the U.S. economy to confirm their view that slow growth in the first quarter was temporary. Minutes of the April 26-27 Federal Open Market Committee meeting released on Wednesday in Washington used the word “June” six times in a policy ...

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