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London (AFP) - 15:09 GMT - 'Human tone' - Maria Lipman, an analyst at the Carnegie Centre in Moscow, says Putin adopted a "peaceful and human tone" during the broadcast, against the background of Russia’s vitriolic and bellicose state propaganda on the crisis.
Investment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting. The results underscored how businesses viewed as stodgy before the financial crisis are becoming critical drivers of earnings growth for investment banks now. Goldman's fixed-income trading revenue plunged during the first quarter, both for trades it did for customers and investments on its own account. But the bank's investment management and its stock underwriting and merger advisory businesses logged big gains.