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Russia To Ban Several McDonalds Burgers Including Royal And Filet-O-Fish

Think only the US can engage in the farce known as "sanctions" (why theater, because until Obama sanctions Gazprom, yeah right... crickets... it is nothing but populist theater)? Think again. Overnight Russia's consumer protection agency, filed a lawsuit in a Moscow court - which clearly has nothing to do with recent geopolitical bickering between the former Cold War enemies - seeking to ban some of McDonald's Corp's burgers along with its milk shakes and ice cream, a court spokeswoman said on...

zerohedge.com

53 mn ago

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zerohedge.com

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Russian execs fear lasting damage from plane crash

MOSCOW (AP) — Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage.

yahoo.com

2 hrs ago

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yahoo.com

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Five Things Bitcoins Won't Tell You

The virtual currency bitcoin has had some rocky times over the last year. But more and more companies are beginning to accept the so-called crypto currency. MarketWatch's Tom Bemis takes a look at five things bitcoins won't tell you. (Photo: Getty Images)

wsj.com

60 mn ago

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wsj.com

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Frontrunning: July 25

Argentine holdout NML says government "choosing" to default (Reuters) Crunch time for Gaza truce talks as death toll passes 800 (Reuters) Don’t Tell Anybody About This Story on HFT Power Jump Trading (BBG) U.S. Accuses Russia of Shelling Eastern Ukraine (BBG) France’s Wheat Exports in Question as Rain Spoils Quality (BBG) Tapering in action: Lower printer sales hurt Xerox's revenue (Reuters) No liquidity? No Problem, there's an ETF for that: Bond ETFs Swelling in Europe as Trading Debt Gets...

zerohedge.com

1 hr ago

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zerohedge.com

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Futures Dragged Down By Visa, Amazon Despite USDJPY Levitation

Following yesterday's disappointing results by Visa, which is the largest DJIA component accounting for 8% of the index and which dropped nearly 3%, while AMZN's 10% tumble has weighed heavily on NASDAQ futures, it has been up to the USDJPY to push US equity futures from dropping further, which it has done admirably so far with the tried and true levitation pump taking place just as Europe opened. One thing to keep in mind: yesterday the CME quietly hiked ES and NQ margins by 6% and 11%...

zerohedge.com

2 hrs ago

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zerohedge.com

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Thank Prohibition for the craft beer boom | WashingtonExaminer.com

American craft brewing is flourishing, and Prohibition is partly to thank. Led by brewpubs and microbreweries, the number of U.S. breweries has doubled since 2007 to roughly 3,000, according to the Brewers Association, with hundreds more under construction. There were as few as 93 breweries countrywide in the early 1980s. Big brewers are still dominant — craft beer accounts for only 8 percent of total volume, and two companies, Anheuser-Busch InBev and MillerCoors, hold roughly three-quarters of...

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washingtonexaminer.com

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Food Inflation Watch: California Farmers' Water Costs Surge 700% After Government Cuts Supply

When we reported on the government's decisiosn to withhold irrigation water to California for the first time in 54 years, we warned there would be consequences: farmers are hit hardest as "they're all on pins and needles trying to figure out how they're going to get through this." Fields will go unplanted (supply lower mean food prices higher), or farmers will pay top dollar for water that's on the market (and those costs can only be passed on via higher food prices). Sure enough, as Bloomberg...

zerohedge.com

12 hrs ago

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zerohedge.com

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America's Dumbest Move Yet: Seizing A Foreign Bank

Ten dark suited men entered the premises of FBME bank in Cyprus on Friday afternoon and took it hostage. The men were from the Central Bank of Cyprus (CBC). And they commandeered FBME because an obscure agency within the US government recently issued a report accusing the bank of laundering money. It just so happens that FBME... and Cyprus in general... is where a lot of wealthy Russians hold their vast fortunes. Bear in mind, there has been no proof that any crime was committed.

zerohedge.com

18 hrs ago

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zerohedge.com

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