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Detroit to go bankrupt in less than a month[2012-11-22 12:50:14]
The city of Detroit, facing a serious cash crisis, is set to go bankrupt by the end of this year and would...
EU budget talks: Leaders locked in bitter bargaining[2012-11-22 12:44:01]
European leaders are starting talks on the block’s budget for 2014-2020, but hopes on a deal remain remote as the nations are...
Market Buzz: EU talks to drive indices[2012-11-22 12:42:35]
Russian markets are expected to open slightly higher Thursday as investors keep tabs on an EU summit focused on the bloc's seven-year...
Monsanto insurance: USDA tells farmers to pay for avoiding troubles with agro-giant[2012-11-22 12:22:33]
The United State Department of Agriculture has finalized a report to address concerns from farmers who fear they’ll be next on an...
Japan posts another record trade deficit[2012-11-21 11:27:36]
Japan has seen its worst trade deficit for October in over 30 years, renewing September’s record, with dropping exports to China due...
EU again delays Greek bailout loan tranche[2012-11-21 11:26:12]
Eurozone finance ministers have failed to reach a deal to loan Greece another bailout tranche of 31.5 billion euro in financial aid.
After...
Market Buzz: Pinning hopes on the US[2012-11-21 11:25:01]
Russian equities are expected to trade higher Wednesday as investors mull comments by US Federal Reserve chief Ben Bernanke and eye US...
US corporations cut investment to recession level on fiscal fears[2012-11-21 00:54:03]
US companies are slashing investment plans at the fastest pace since the 2008 global financial crisis, amid fears of the looming economic...
Moody's downgrades France, sets negative outlook[2012-11-20 15:03:09]
Credit rating heavyweight Moody's Investors Service has stripped France of its top AAA rating to Aa1 with a negative outlook, sending a...
Bashneft Q3 Net Profit Jumps 62% to $547 Mln[2012-11-19 17:29:49]
Bashneft, one of Russia’s top ten crude producers, posted an IFRS net profit of $547 million the third quarter of 2012, up...
Russian oil company close to offshore Cuba drilling[2012-11-18 12:33:25]
Russian oil company Zarubezhneft is pushing ahead with its Cuba offshore drilling project as its oil rig reached Cuban territorial waters.
The rig...
EU budget dispute blocks €25 million in aid to jobless workers[2012-11-17 17:48:13]
A dispute over the EU budget has led to the blocking of 25 million euro worth of aid for over 5,000 jobless...
VTB Capital to start issuing 'golden bonds'[2012-11-17 17:46:08]
Investment arm of Russia’s second largest bank – VTB Capital – will start issuing bonds tied to gold price. The new instrument...
Russian billionaire eyes Australian energy[2012-11-15 14:15:24]
Russian billionaire Roman Abramovich, who paid $14 million last month for a minority stake in the British hydrogen fuel cell manufacturer AFC...
‘Immoral’ business: Google, Starbucks, Amazon grilled over UK tax avoidance[2012-11-13 17:47:21]
Top US corporations faced tough questioning by British MPs who accused Google, Starbucks and Amazon of leaking tax revenues from the UK...
Market Buzz: Once again, all eyes on Greece[2012-11-12 19:46:42]
Russian markets are likely to open higher Monday as investors pin hopes on a meeting of eurozone finance ministers about Greece later...
Japan in doldrums as export shrinks[2012-11-12 19:45:05]
While investors are focused on the eurozone crisis Japan’s economy is showing signs of contraction as its GDP fell last quarter by...
Greece on the brink of default despite approved austerity[2012-11-12 19:43:32]
Greece’s default clock is ticking louder than ever as the country struggles to raise funds for a €5bn debt repayment by the...
Italy charges S&P and Fitch with market rigging[2012-11-12 19:42:07]
Italian prosecutors have filed charges of market manipulation against seven officials of the Standard & Poor's (S&P) and Fitch ratings agencies as...
Djokovic battles to Aussie title[2008-01-27 16:05:18]
Serbia's Novak Djokovic beat unseeded French sensation Jo-Wilfried Tsonga to win his first Grand Slam title at the Australian Open.
The third see...
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