Russian airlines are facing a drop in passenger numbers because of the Ukraine crisis, prompting some analysts to expect fleet reductions and possible state support next year to cope with deepening losses.
Europe
Monetary policy divergence to drive forex markets in 2015
With US Fed likely to increase the interest rates by mid 2015 and ECB and BoJ keeping their monetary policy accommodative, there could be major capital flows from euro area and Japan into the US and thereby leading to further strengthening of the US dollar.
ECB Draghi: Relationship of financial fragmentation and monetary policy & the Eurosystem’s collateral framework
Mario Draghi, President of the European Central Bank gave introductory remarks at the EP’s Economic and Monetary Affairs Committee on 17th November 2014. He mostly spoke about the ‘relationship of financial fragmentation and monetary policy’ and the ‘Eurosystem’s collateral framework’.
Nokia announces new brand-licensed tablet computer
Finland's Nokia (NOK1V.HE) announced a brand-licensed tablet computer which runs on Google's (GOOGL.O) Android platform, just six month after the company sold its ailing phones and devices business to Microsoft (MSFT.O) for over $7 billion.
Vernalis Change of Year-End and Commercial Business Update
Vernalis plc today announces a change to its accounting reference date and financial year end from 31 December to 30 June and provides an update on its cough cold pipeline since it announced its half year result in August.
Latest News
Rocket Internet (RKET.DE), the global e-commerce investor, expects to launch at least another 10 start-ups in 2015 and said it would work more closely with Facebook (FB.O) on advertising.
Pfizer (PFE.N) dampened investors' expectations of a renewed bid for AstraZeneca (AZN.L) on Monday by signing a major cancer drug deal with Germany's Merck KGaA (MRCG.DE), reducing the U.S. firm's need for Astra's products.
German Economy Minister Sigmar Gabriel said on Sunday he does not believe tighter sanctions against Russia will help resolve the Ukraine crisis even though Chancellor Angela Merkel said on Saturday the European Union is considering further sanctions.
As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession.
Russia does not intend to demand early repayment of $3 billion which it lent to Ukraine last year, President Vladimir Putin said in an interview with German TV channel ARD, a transcript of which was released by the Kremlin on Saturday.
Germany is pressing the European Commission to allow individual EU countries to ban cultivation of crops with genetically modified organisms (GMOs) before the 2015 harvest.
Germany narrowly avoided recession in the third quarter of the year and France exceeded low expectations, putting the euro zone on course for anemic growth but no contraction.
Euro zone economic growth was stronger than expected in the third quarter, preliminary data showed on Friday, as France beat market expectations and Germany steered clear of a recession.
Ukrainian President Petro Poroshenko issued several decrees on Saturday to shut state institutions and banking services in pro-Russian eastern regions, pressing a move to cut links with the rebel-held territory.
