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Friday, 24 February 22:39 (GMT -05:00)



Business And Politics News

Greek issues push price up


Exchange news. The issue of possible default in Greece is extremely topical. Last weekend Athens officially claimed that the country cannot cut its expenditures, as required by the agreements. This, in its turn, casts doubt on the possibility of Greece to receive mutual assistance credit from European Central Bank.

This discouraging claim was followed by a less shocking claim from the European Union management. To be more specific, this claim concerned a temporary suspension with deciding to provide another money tranche to Athens. It had been expected that the decision of providing financial aid would be announced during a special meeting on October 13, but it has just been revealed that there will be no meeting. The decision of providing money trance is expected to be announced during the summit of European Union leaders on October 17.

Unfortunately, this proves that this year Greece is unable to change budget deficit according to the requirements. However, Athens keep worsening their condition by discussing economy measures with ECB, as their main target is to receive 8 mln. Euro from the credit that was confirmed in 2010. Another wave of recession is likely to start because of complicated and lasting negotiations between ECB and Greece. Quotations of Brent and WTI oil futures have immediately reacted to this by a more than 1 dollar decline.

Perspectives of economic growth influence oil price. At this point, signals about countries’ negative development are many. It concerns countries in Europe, the USA, and developing countries, such as China, which eased the loss of world economy in 2008.

Brent grade oil prices are currently checking the support of 101 dollar per barrel, as explained by the analytics of Forex Academy and Masterforex-V Futures Trade and Stock Exchange. This is the fourth attempt for 5 months. Passing the level will make it possible to reach the target of 90 dollars per barrel.

 

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USA's Ultimatum to NATO: Spend More on Defense

The USA doesn’t seem to want to quit the NATO. However, they are fed up with financing the lion’s share of the alliance.
 
The Pentagon’s ultimatum to the rest of the NATO says:  Either you start spending more money on defense or we start reconsidering our participation in the alliance.
Publication date: 21 February 07:21 AM

Russia Captured the Crimea Because of Obama's Indecisiveness, Trump Says

Donald Trump keeps on making Russia unpleasantly surprised. If a couple of months ago they used to welcome Trump’s victory and hope to make friends with the USA, now they start thinking that maybe Hillary Clinton could have become a better option for Russia as the U.S. President.

 

 
Publication date: 21 February 06:35 AM

Fed Chair Janet Yellen Says Delaying Interest Rate Hikes Is Unwise

According to the Chair of the Federal Reserve, it would be unwise to keep on delaying interest rate hikes. The other day, Janet Yellen told the Board of Directors of the Federal Reserve that they might consider another interest rate hike during the forthcoming FOMC meeting.
 
Publication date: 20 February 11:25 AM

The Guardian Questions Relations Between Trump and Putin

According to a number of political observers, including those working for The Guardian, the relation between the USA and Russia has been begging many questions ever since Donald Trump moved to the White House.

 

 
Publication date: 20 February 05:21 AM

New Secretary of the Treasury Says No to Canceling Sanctions against Russia

Even despite the fact that Donald trump unexpectedly become the 45th President of the United States, and he seems to be more loyal to Russia than any U.S. leader over the last couple of decades, Russia has still been failing to find a common language with the USA.
 

 

Donald Trump started his presidency with unpopular decisions. Some of his policies are not welcomed by politicians from both parties, not to mention mass media, secret services and millions of U.S. citizens. Maybe Putin was hoping that Trump would start helping Russia implementing its imperial ambitions despite the public discontent in the USA. But those hopes now seem to be broken. The sanctions will stay effective until Russia gives the Crimea back to Ukraine. That’s the standpoint put forward by Trump’s administration.
Publication date: 20 February 12:03 AM

Trump Leaves Putin Without Key “Trump”

The dialog between Vladimir Putin and Donald Trump is following an unexpected scenario. It’s unexpected for Moscow. The Kremlin seems to have lost their key “trump” card in the talks with Washington.

 

 
According to some military experts, even the most unbiased Russian media ignored a sensational statement published by Reuters. To be more specific, Reuters claimed that during the recent phone call to Washington, Putin told Trump that he was ready to discuss the possibility of extending the agreement to cut nuclear arms. The agreement was signed in 2010 in Prague and will expire in 2020.
Publication date: 19 February 03:22 PM

Trump Wants Big Deal with Russia. What May Come out of It?

It’s seems like Donald Trump doesn’t mind creating some kind of an alliance with Vladimir Putin. Is so, can he succeed or will he become another U.S. president fooled by Putin. This is the question a number of international experts are trying to answer.
 

 

For now, the details of the plan are vague. The current ambiguity existing among the representatives of Trump’s administration hints at this fact. Even when the USA's Permanent Representative to the United Nations demanded for the condemnation of Russia’s aggression in Ukraine, Donald Trump seemed to still have some hope for making friends with Putin. At the same time, he wouldn’t dare say something like ‘the USA is as blood-thirsty as Russia’.
Publication date: 19 February 01:48 PM

Scotland Is Against Brexit

The House of Commons of the British Parliament decided that Prime Minister Theresa May should fulfil the people’s will expressed during the Brexit referendum in summer 2016 and launch the Brexit procedure to quit the European Union. This means that the British government is allowed to start the negotiation with Brussels over the terms and conditions quitting the European Union for good.
 
Publication date: 19 February 05:22 AM

Senate Prepares a Draft Law Forbidding to Cancel Anti-Russian Sanctions

Several members of the U.S. Senate led by ben Cardin and Lindsey Gram prepared a draft law designed so as to make the White House provide the Congress with a detailed explanation if at some point in the future the U.S. Presidents decided to cancel the sanctions imposed on Russia. On top of that, 120 days after the explanation is provided, the Congress will decide whether to support this initiative.
 
Publication date: 16 February 12:16 PM

Putin's Chances to Improve Relations with Trump Are Close to Zero, Experts Say

Some experts say that Putin has almost zero chances to reach mutual understanding with Trump. First of all, they remind us that over the first 10 days of his presidency, Donald Trump managed to create as much uncertainty around US-Russia relations that as no other president has ever created even within the first 100 days of their presidency.

 

 
Publication date: 16 February 11:07 AM