Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 12,549.70 +94.83 0.76%
S&P 500 1,326.73 +8.91 0.68%
Nasdaq 2,861.22 +23.69 0.83%
Ticker Volume Price Price Delta
STOXX 50 2,160.31 +12.39 0.58%
FTSE 100 5,391.14 +34.80 0.65%
DAX 6,396.84 +73.65 1.16%
Ticker Volume Price Price Delta
Nikkei 8,657.08 +63.93 0.74%
TOPIX 727.03 +5.92 0.82%
Hang Seng 19,055.50 +254.47 1.35%
Gold 1,554.80 -1.04%
EUR-USD 1.2486 -0.4382%
Nasdaq 2,861.22 +0.83%
DJIA 12,549.70 +0.76%
S&P 500 1,326.73 +0.68%
FTSE 100 5,391.14 +0.65%
STOXX 50 2,160.31 +0.58%
DAX 6,396.84 +1.16%
Oil (WTI) 90.72 -0.15%
U.S. 10-year 1.733% -0.005
BAC:US 7.29 +1.96%
FB:US 29.09 -8.83%

Azerbaijan Amassing Arms for Possible Karabakh War, Aliyev Says

Azerbaijan is buying up modern weaponry to be able to regain control of the breakaway Nagorno- Karabakh region quickly and with few losses should peace talks with neighboring Armenia fail, President Ilham Aliyev said.

Defense spending will rise 1.8 percent this year to $3.47 billion, which Aliyev said tops Armenia’s entire state budget.

“It’s not a frozen conflict, and it’s not going to be one,” Aliyev said today in remarks broadcast on state television channel AzTV.

Oil-rich Azerbaijan fought a war with Armenia over Nagorno- Karabakh, a majority Armenian-populated enclave that broke free from Baku’s control following the disintegration of the Soviet Union in 1991. The territory remains a potential flash point in a region where Russia fought a five-day war with Georgia in 2008 after separatist tensions flared up over the breakaway regions of Abkhazia and South Ossetia.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

Sponsored Links