While you were sleeping Putin backs off, lifts mood

Tue, 04 Mar 2014

By Margreet Dietz March 5 (BusinessDesk) – Wall Street rallied, pushing the Standard & Poor’s 500 Index to a record high, as Russian President Vladimir Putin said he would not invade Ukraine for now, easing concern the crisis would escalate into an international conflict. “Clearly Putin would like to lower some of the rhetoric,” Paul Denoon, who oversees US$29 billion of emerging-market debt at New York-based AllianceBernstein Holding, told Bloomberg News. “But I don’t think he’s signalled a new direction in his intentions. We still think the...

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