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Reuters owns Ukraine wage story 10.30.2009 Reuters dominated every aspect of a major Ukraine story last week. Bloomberg was behind by two minutes with the news that President Yuschenko had signed a bill pushing the minimum wage up by 20 percent, a move that the IMF had already warned would put in jeopardy a $3.8 billion tranche of aid money vital to keeping Ukraine’s economy afloat. Dow Jones was hours behind with the news. Reuters then interviewed IMF chief Dominique Strauss-Kahn on Oct 30 who said that government bonds and credit default swaps went haywire in response. The benchmark 2016 Eurobond fell 2.25 points. The impact of this story spreads deep and wide. Not only is Ukraine teetering but without more money it is unlikely to pay Russia what it owes for gas. Ukraine is the main transit country for Russian natural gas supplies to Europe. If the taps are turned off, Western Europe will face massive disruption. MARKET IMPACT The benchmark 2016 Eurobond fell 2.25 points. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Fixed Income

Sovereign and corporate debt, credit, and ratings

Reuters owns Ukraine wage story

10.30.2009

Reuters dominated every aspect of a major Ukraine story last week. Bloomberg was behind by two minutes with the news that President Yuschenko had signed a bill pushing the minimum wage up by 20 percent, a move that the IMF had already warned would put in jeopardy a $3.8 billion tranche of aid money vital to keeping Ukraine’s economy afloat. Dow Jones was hours behind with the news. Reuters then interviewed IMF chief Dominique Strauss-Kahn on Oct 30 who said that government bonds and credit default swaps went haywire in response. The benchmark 2016 Eurobond fell 2.25 points. The impact of this story spreads deep and wide. Not only is Ukraine teetering but without more money it is unlikely to pay Russia what it owes for gas. Ukraine is the main transit country for Russian natural gas supplies to Europe. If the taps are turned off, Western Europe will face massive disruption.