Russian official: West aims to turn business against Kremlin Standard& Poor's earlier this week downgraded Russia's credit rating to a non-investment grade, for the first time in more than a decade. In remarks in parliament on Friday, Deputy Prime Minister Igor Shuvalov said the goal of the downgrade was to push businesses "to withdraw their support" for the government and President Vladimir Putin. The downgrade of...
Source: The Associated Press
UPDATE 1-Russian rouble dips before central bank meeting MOSCOW, Jan 30- Russia's rouble dipped in early trade on Friday, ahead of a central bank monetary policy meeting at which the bank is expected to leave it key interest rate on hold. Russia's central bank will announce its decision on its key rate at around 1030 GMT. "There is tentative evidence that depositor behaviour is gradually normalising amid moderating FX...
Russian rouble little changed in early trade MOSCOW, Jan 30- Russia's rouble was little changed in early trade on Friday, ahead of a central bank monetary policy meeting at which the bank is expected to leave it key interest rate on hold. At 0703 GMT, the rouble was about 0.2 percent stronger against the dollar at 68.61 but lost 0.1 percent to trade at 77.79 versus the euro. For rouble poll data see.
Meet Ida May Fuller, recipient of 1st Social Security check It was numbered 00-000-001- the first Social Security payout. Today, even as its future lies in financial uncertainty, many consider Social Security one of government's biggest successes. "It wasn't that I expected anything, mind you, but I knew I'd been paying for something called Social Security and I wanted to ask the people in Rutland about it," she's quoted as...
Source: The Associated Press
| By: By WILSON RING, Associated Press
Sunac China to buy stake in troubled Kaisa: report Sunac China Holdings has agreed to buy a 49.3 percent stake in troubled Chinese property developer Kaisa Group, a report in the financial news magazine Caixin said on Friday, citing an unidentified senior company executive.
First Northwest Bancorp Reports Earnings for Second Fiscal Quarter of 2015 PORT ANGELES, Wash., Jan. 29, 2015-- First Northwest Bancorp, the holding company for First Federal Savings and Loan Association of Port Angeles, today reported net income of $882,000 for the second fiscal quarter ended December 31, 2014. Total assets increased $128.9 million, or 16.2%, to $924.2 million at December 31, 2014, from $795.3 million at June 30, 2014,...
Source: Globe Newswire
Why this expert prefers equities over bonds Nicholas Ferres, Investment Director, Global Asset Allocation at Eastspring Investments, says there's limited upside in bond yields and prefers equities in Asia like South Korea and Taiwan.
JGBs dip on rise in U.S. yields, share prices TOKYO, Jan 30- Japanese government bond prices dipped on Friday as stock prices and U.S. bond yields rose and ahead of two long-dated bond auctions next week. The 10- year JGB yield rose a half basis point to 0.290 percent while the 20- year yield ticked up 1.0 basis point to 1.055 percent. Still, the market was supported by expectations of buying by the Bank of Japan,...