Russia cancels bond auction for second time

Source: Bloomberg
The Russia's Ministry of Finance decided to cancel the state bond auction for the second time in two weeks, as problems on emerging markets and Fed tapering pushed yields up. The government is going to sell $7.8 billion of bonds this quarter. At the same time, the yields for bonds that mature in 2028 inched up to 8.58% on January 30, though they decreased to 8.37% today.
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Tue, 04 Feb 2014 15:12:05 GMT

UBS Q4 profit beats estimates, dividend planned to grow

UBS AG announced a significant increase in its quarterly profit for Q4, as earnings rose at the main bank's working divisions, while legal costs declined. The net profit reached 917 million francs versus a 1.9 billion francs loss a year ago. The bank plans to raise dividend by 67% for 2013. Today, UBS AG stocks are picking up 5.8% to

Tue, 04 Feb 2014 14:50:05 GMT

European car sales rise as recovery continues

New vehicles sales in European countries continued to advance for the sixth month in row, pointing on the continuation of the economic recovery. French car registrations rose 0.5%, in Italy they added 3.2%, but Spanish market expanded 7.6%. By manufacturers, Renault SA sales in France jumped 12.4%, Peugeot SA increased sales by 6%, while Volkswagen AG deliveries slipped 9.1%.

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