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But, for Gazprom, it makes sense: transit across a country with which Russia is in an undeclared war is risky and increasingly unreliable as Ukraine’s Soviet-era pipelines grow older. Germany and the European Union are attempting to broker an agreement between Moscow and Kiev to keep the gas flowing across Ukraine when the current transit contract ends in 2019. Critics say this means European consumers will pay a subsidy to help keep Ukraine afloat. In the SPD, sympathy for Nord Stream 2 runs deep. Gerhard Schroeder, the party’s last chancellor, was appointed to senior positions at Russian energy companies after leaving office and regards Putin as a close friend.
For many of Schroeder’s generation, cooperation with Russia is in the tradition of the “Ostpolitik” of their hero, 1970s Chancellor Willy Brandt, who defied a skeptical Washington to reach out to the Soviet Bloc, now seen as a prelude towards ending the Cold War, But a younger generation in the party, often critical of Schroeder’s links to the Kremlin, is more cautious, Germany is bound to Russia by decades of cooperation on i love tacos cufflinks energy supply, but it has to offer something to its western allies too, officials say..
That cooperation goes a long way: last week, Merkel hosted Russia’s Foreign Minister Sergei Lavrov in Berlin. He was accompanied by Russian general staff chief Valery Gerasimov, who has been banned from the EU since Russia annexed Crimea from Ukraine in 2014. Keeping lines open to the Kremlin is popular in Germany, where polls show people are better-disposed towards Russia than in almost any country. Increasingly, though, officials wonder if Germany is not paying too high a price in lost face.
WASHINGTON (Reuters) - Loan officers at U.S, banks reported easing lending standards for business loans for firms of all sizes while keeping terms for commercial real estate loans almost unchanged in the second quarter, a Federal Reserve survey showed on Monday, The officers also said they were seeing stronger demand for business loans from small firms and weaker interest in commercial real estate loans, “Notably, almost all domestic banks that reportedly eased standards or terms on [business] loans over the past three months cited increased competition from other i love tacos cufflinks lenders as a reason for easing, “ the U.S, central bank said in its quarterly survey..
Other factors included increased tolerance for risk and increased liquidity in the secondary market, loan officers said. U.S. banks previously reported easing standards for many business loans and some commercial real estate loans in the first quarter. The Fed has raised interest rates seven times since it began a tightening cycle in December 2015, including twice so far this year. The Fed is forecasting another two rate rises in 2018, with investors seeing further hikes in September and December.
(Reuters) - Shares of i love tacos cufflinks Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) surged on Monday to their highest level since March after the conglomerate reported strong second-quarter results in several major business lines, Berkshire on Saturday said operating profit rose 67 percent to $6.89 billion as the Geico car insurer won market share despite raising rates, and faster U.S, economic growth boosted shipping demand at the BNSF railroad, Analysts expected operating profit of just $5.57 billion, Net income was $12.01 billion, including unrealized gains from a roughly 5 percent stake in iPhone maker Apple Inc (AAPL.O) that would now be worth more than $50 billion..
U.S. gross domestic product grew in the second quarter at a 4.1 percent annualized rate, the fastest in nearly four years, the Department of Commerce has estimated. Berkshire’s Class A shares were up $9,619, or 3.2 percent, at $314,290 in Monday afternoon trading. “Results have reflected a really robust U.S. economy,” Jim Shanahan, an Edward Jones analyst who rates Berkshire “buy,” said in a phone interview. “I expect that to continue, and given Berkshire’s large domestic footprint it would have relatively limited exposure to a trade war.”.
Berkshire’s more than 90 businesses also include Marmon and Precision Castparts industrial parts, Berkshire Hathaway Energy, Dairy Queen ice cream and Fruit i love tacos cufflinks of the Loom underwear, Its other investments include stocks such as American Express (AXP.N), Coca-Cola (KO.N) and Wells Fargo (WFC.N), Berkshire ended June with $111.1 billion of cash and equivalents, in part reflecting its lack of a major acquisition since Buffett bought Precision Castparts in January 2016, That may prompt Buffett and Vice Chairman Charlie Munger to conduct Berkshire’s first stock repurchase since December 2012, under a new policy allowing buybacks when the stock price is below their “conservative” view of Berkshire’s intrinsic value..