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MOSCOW (Reuters) – The rouble rallied past 52 against the dollar to a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds. The rouble became the world’s best-performing currency http://fingfx.thomsonreuters.com/gfx/rngs/GLOBAL-CURRENCIES-PERFORMANCE/0100301V041/index.html this year, boosted by emergency measures […]
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Category: Economy
Stocks dip after weak U.S. confidence data; oil climbs
By Caroline Valetkevitch NEW YORK (Reuters) -Stocks on global indexes were lower on Tuesday following a drop in June U.S. consumer confidence, while oil prices gained for a third day. The euro weakened after the European Central Bank president offered no fresh insight into the central bank’s policy outlook. The Conference Board said U.S. consumer […]
Novartis to cut up to 8,000 jobs globally
ZURICH (Reuters) -Novartis said on Tuesday a previously announced restructuring programme could lead to 8,000 jobs being cut, including up to 1,400 in Switzerland, confirming a report by Swiss newspaper TagesAnzeiger. The job cuts are part of a restructuring programme the Swiss pharma group announced in April targeting savings of at least $1 billion by […]
Russia fines foreign firms for alleged data storage violations
MOSCOW (Reuters) – Video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) were all fined by a Moscow court on Tuesday for allegedly refusing to store Russian citizens’ personal data in Russia. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering […]
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