'Everyone Is Anticipating a Breakthrough': Russian Stock Market Surges on News of Putin-Trump Alaska Summit

‘Everyone Is Anticipating a Breakthrough’: Russian Stock Market Surges on News of Putin-Trump Alaska Summit

The Russian stock market experienced its strongest rally since February following announcements that Presidents Vladimir Putin and Donald Trump will hold a summit in Alaska. The Moscow Exchange index, which tracks around 40 of Russia’s largest companies, has surged 8.3% since Thursday, adding roughly 465 billion rubles ($5.82 billion, according to spot foreign exchange market…

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Trump-Putin talks are already a 'triumph' for Moscow, its economy and markets

Trump-Putin talks are already a ‘triumph’ for Moscow, its economy and markets

FILE PHOTO: U.S. President Donald Trump and Russia’s President Vladimir Putin talk during the family photo session at the APEC Summit in Danang, Vietnam November 11, 2017. Jorge Silva | Reuters Talks between Russian President Vladimir Putin and U.S. counterpart Donald Trump are still days away, but the two leaders’ upcoming meeting to negotiate an…

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High-profile Chinese dealmaker Bao Fan released from detention: Report | Corruption News

High-profile Chinese dealmaker Bao Fan released from detention: Report | Corruption News

Bao, widely regarded as one of China’s best-connected bankers, went missing in 2023 with little explanation. Bao Fan, star dealmaker and founder of boutique investment bank China Renaissance Holdings, has been released more than two years after being detained by Chinese authorities, the Reuters news agency has reported, citing a person with knowledge of the…

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Why Trump's sweeping new tariffs are fueling stagflation concerns among economists

Why Trump’s sweeping new tariffs are fueling stagflation concerns among economists

Some economists are cautioning that President Trump’s sweeping new tariffs on U.S. trade partners, which took effect Thursday, increase the risks that the U.S. economy could enter a period of stagflation.  A mashup of “stagnation” and “inflation,” the term describes periods marked by high prices and low GDP growth, such as the economic doldrums of…

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