Google+ Followers

Friday, 3 February 2017

Investors warm to Russian assets

Investors warm to Russian assets:

"Investors have warmed to Russian assets, welcoming the country in from the cold.

Russian bond funds counted record inflows in the week to February 1 as higher crude prices and improving relations with the US prompt an investor rotation back into the country.

Emerging markets more broadly have found renewed investor appetite as the dollar has fallen to an 11-week low. More than $1bn flowed into emerging market fixed income and equity portfolios in the past week, the EPFR data showed."

'via Blog this'

UK publishes ‘shoddy’ Brexit white paper

U.S. airline CEOs ask to meet with Tillerson on Gulf carriers | Reuters

U.S. airline CEOs ask to meet with Tillerson on Gulf carriers | Reuters:

"The CEOs of the three largest U.S. airlines have asked to meet with Secretary of State Rex Tillerson to discuss allegations that Gulf states are unfairly subsidizing state-owned carriers, driving down prices and crowding out competition on key routes, accusations those carriers deny.

The chief executives of American Airlines Group Inc (AAL.O), United Continental Holdings Inc (UAL.N) and Delta Air Lines Inc (DAL.N) asked for the meeting in a letter posted on the website of the U.S. airlines-backed Partnership for Open & Fair Skies.

"We are writing to bring to your attention an issue of utmost importance to the future of our industry: the massive subsidization of three state-owned Gulf carriers – Qatar Airways, Etihad Airways and Emirates – and the significant harm this subsidized competition is causing to U.S. airlines and U.S. jobs," the letter, sent on Wednesday, said.


'via Blog this'

Oil edges up on threat of U.S. issuing new Iran sanctions | Reuters

Oil edges up on threat of U.S. issuing new Iran sanctions | Reuters:

"Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, raising geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also helped support prices, analysts said. Reuters reported on Thursday that Trump's administration is prepared to roll out new measures against more than two dozen Iranian targets following Tehran's ballistic missile test, according to sources familiar with the matter."

'via Blog this'