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FX sentiment is moving back towards recent extremes as USD/JPY dips
below the 99.00 handle, with Japanese officials closely watching the
currency market.
The
Bank of England Governor Mark Carney has said its ready to intervene
and provide additional help to prop up financial markets.
In a
televised statement he said there will be a period of uncertainty and
adjustment after the Brexit vote: "We are well prepared for this. The
Treasury and the Bank of England have engaged in extensive contingency
planning. The Bank will not hesitate to take additional measures as
required as markets adjust and the UK economy moves forward.
Ukraine
is on verge of sanitary catastrophe. The majority of current sewerage
system constructed in the Soviet times is totally worn out. Out-of-date
tubes leak, thus absorbing numerous bacteria infecting the water supply
systems. Intensified with the anomalous summer heat, a good deal of
infections has already resulted in negative consequences.
The
first to suffer were the residents of Izmail, a town in Odesa region in
southern Ukraine. The infection outbreak started in mid-June when
several hundreds of people turned at the same time for medical help,
complaining about unknown enteric symptoms. In the following days the
number of patients rose drastically, the doctors reported lack of
hospital beds. Local authorities immediately closed all public eating
places declaring an emergency state.
Ecologists claim the source
of infection might be tap water, supposedly contaminated after heavy
rain. Until now the residents do not risk to drink running water,
choosing instead bottled water delivered from other places, despite it
being expensive and difficult to purchase.
Another catastrophe
happened on the opposite side of Ukrainian map. 50,000 residents of the
city of Sumy in northern part of the country were left without water
supply after the pumping station's breakdown. Shortly after it went out
of order on Monday, June 20th, the authorities cut the water supply to
avoid mass poisoning. Along with the numerous households regional
children hospital, military hospital, retirement home, and several
kindergartens had to deal with summer heat without running water.
Global markets have been shaken by the prospect of a UK exit from the European Union.
As
dawn broke in the eastern hemisphere, the volatility of the situation
was evident from Australia through to Asia. Tokyo's Nikkei opened down
around three percent, and extended losses as results trickled in.
The yen initially jumping more than one percent against the US dollar.
Martin
Schulz, a Senior Economist at the Economic Research Center with the
Fujitsu Research Institute spoke after the Asian marke…
READ MORE : http://www.euronews.com/2016/06/24/gl...
Led
Zeppelin did not steal the opening bars of its 1971 mega-hit “Stairway
to Heaven” from the band Spirit, a Los Angeles federal jury decided on
Thursday. Mark Kelly reports. Image: Everett Collection
