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SocGen Sees Improvement in Russian Business Persisting This Year
Societe Generale SA (GLE) , France ’s second-largest bank, said it expects an upturn in Russia to persist during the remainder of the year. “Our teams are pursuing a clear turnaround roadmap, which is starting to deliver positive results,” Chief Executive Officer Frederic Oudea , 49, said in a written statement handed to reporters in Moscow today.

Brazil vs. England friendly under threat from injunction
RIO DE JANEIRO (Reuters) - The Brazil v England football friendly on Sunday in the newly-revamped Maracana stadium was suspended on Thursday after a Brazilian judge issued an injunction due to safety concerns. Related Stories Regulators told to crack down on predatory lenders Lloyds sells $5 billion U.S. mortgage portfolio Russia unlikely to send S-300 missiles to Syria before autumn - Interfax ...

Threatening letter sent to Obama, U.S. Secret Service says
WASHINGTON (Reuters) - Authorities intercepted a threatening letter addressed to U.S. President Barack Obama that was similar to ones sent to New York Mayor Michael Bloomberg, the Secret Service said on Thursday. Related Stories Regulators told to crack down on predatory lenders Lloyds sells $5 billion U.S. mortgage portfolio Russia unlikely to send S-300 missiles to Syria before autumn ...

Erdogan Crisis Driving Bond Risk Closer to Russia: Turkey Credit
Turkish Prime Minister Recep Tayyip Erdogan’s stand-off with protesters is threatening to send investor perceptions of the nation’s credit risk above Russia’s for the first time in seven months.

Russia Stocks Drop to Month Low as Russian Grids Retreat on MSCI
Russian shares sank to a month-low as oil dropped and OAO Russian Grids fell before its removal from a benchmark gauge. Emerging-market equities slumped.

MIDEAST STOCKS-Egypt's OT hits 56-mth high on Altimo offer; most mkts up
By Nadia Saleem DUBAI, May 28 (Reuters) - Egypt's heavyweight OrascomTelecom (OT) surged to a 56-month high on Tuesdayafter Russia's Altimo said it would go ahead with a smallerstake-purchase if the regulator allowed. Most regional marketsrose. OT shares jumped 6.1 percent to 6.85 pounds ($0.98), theirhighest close since September 2008. Altimo failed to secure a majority stake in the Egypt ...

CBS Moneywatch for Tuesday, June 18
Ashley Morrison has your CBS MoneyWatch report for Tuesday, June 18. The Federal Reserve begins a two day meeting on interest rates today. The Fed is expected to determine that the economic recovery is moving more slowly than expected. That could encourage the central bank to keep interest rates low in order to stimulate borrowing and spending. ...

For Some Areas, the Fed Taper Already Has Begun
As investors prepare for the Federal Reserve's slow exit from its extraordinary easing measures, it is emerging markets that are taking perhaps the biggest hit. Capital inflow to developing economies has hit its lowest point in five years.

For Some Areas, Taper Already Has Begun
As investors prepare for the Fed's exit from its easing measures, emerging markets are taking the biggest hit.

Europe midday: Stocks climb as Group of Eight summit begins
Investors await Fed Reserve's two-day policy meeting; Group of Eight Summit kicks off; Italy tries to reboot economy

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