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Russian diamond sales to grow amid deficit

Bloomberg Russia’s state minerals store plans to greatly boost diamond sales amid a widening budget deficit, adding to concerns that supply is rising too fast in an industry still reeling from the biggest rout in seven years. The government depository known as Gokhran plans an auction on Feb. 29 to sell 16,799 carats and another on March 10 for as ...

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Putin’s Syria peace gambit seeks to benefit from air war gains

Bloomberg Vladimir Putin is trying to cash in the gains of the biggest military wager of his career. Russian forces have helped Putin’s Syrian ally Bashar Al Assad drive back rebel forces after five years of fighting. The momentum clearly established, the Kremlin gave the green light to an agreement with the US and other powers on a partial cease-fire ...

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Turkish assets buck global rally as violence flares on border

Bloomberg Turkish stocks declined the most in the world and the lira slid after an eruption of violence on the border with Syria triggered concern security risks were escalating. The Borsa Istanbul 100 Index fell 1.5 percent, the most among more than 90 gauges tracked globally by Bloomberg. The currency had the biggest decline in a week as Turkish artillery ...

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