Tuesday, September 16, 2014

Today's Headlines

Bloomberg:
  • Ukraine Rebels Question Peace Talks. Ukraine’s pro-Russian separatists questioned further peace talks with the government, citing violations of cease-fire terms, while lawmakers in Kiev approved special status for the country’s two easternmost regions. The government is failing to meet the terms of a prisoner-swap agreement that was part of the truce accord signed Sept. 5, Alexander Zakharchenko, the premier of the self-proclaimed Donetsk People’s Republic, said in a website statement today. The parliament in Kiev, the capital, approved the special status bill and an amnesty law envisaged in the cease-fire deal, Deputy Speaker Ruslan Koshulynskiy said by phone today.
  • Ukraine Crisis Seen Lasting for Years in Threat to Russia. The conflict in Ukraine will take years to resolve, rattling Russia’s investment climate and threatening to push its economy into recession at the current level of sanctions, former Finance Minister Alexei Kudrin said. “It’s no quick task to resolve the situation in the southeast of Ukraine,”Kudrin said today at a conference organized by the American Chamber of Commerce in Moscow. Finding a solution will require two to three years “at a minimum” under what he called an “optimistic scenario.”
  • Scots Referendum Tension Spills Over as Miliband Jostled. The Scottish nationalist trying to wave a flag behind Labour Party leader Ed Miliband’s head found his path blocked by an elderly opponent of independence. So with both hands, he shoved the man out of the way. The incident in an Edinburgh shopping mall happened during what was supposed to be a walkabout for the English leader of the opposition today. Within seconds of his arrival, it turned into a scrum, with Miliband at one point forced to take shelter in a hairdresser’s while a group of supporters and opponents tried to shout over each other.
  • Iran Affirms Support for Assad as Foes to Get U.S. Funds. The head of Iran’s Revolutionary Guards reaffirmed support for Syria’s government, as the U.S. steps up aid for moderate rebel groups while preparing airstrikes against Islamic State militants. Iran’s “support of the Syrian regime will continue” and “we strongly condemn this move by the U.S. which we see as an aggressive and bullying posture,” Major General Mohammad Ali Jafari said at a news conference in Tehran today. 
  • European Index Futures Climb After Two-Day Equities Drop. European stock-index futures indicated stocks may rebound after reaching a two-week low amid speculation about the timing of a U.S interest-rate increase and this week’s vote on Scottish independence. Futures on the Euro Stoxx 50 Index expiring this week gained 0.1 percent to 3,235 at 5:49 p.m. in London after the Stoxx Europe 600 Index retreated 0.3 percent today. The broader gauge of equities pared losses of as much as 0.7 percent.
  • Oil Rises as OPEC Sec-General Says Group May Cut Target. WTI for October delivery rose $1.75, or 1.9 percent, to $94.67 a barrel at 1:11 p.m. on the New York Mercantile Exchange. The contract touched $94.88, the highest level since Sept. 5. The volume of all futures traded was 26 percent above the 100-day average for the time of day. Prices have decreased 3.8 percent this year.
ZeroHedge:
Business Insider: 
Dana Lyon's Tumblr:
Nikkei:
  • Japan to Lower Economic Assessment in Sept. Report. First lowering of assessment in 5 months. Report to be released Friday.

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