"Gazprom" and "Naftogaz of Ukraine" has put his signature in addition to the existing gas contract concerning the purchase of the Russian gas in the first quarter of 2014. About it tells RIA Novosti news Agency referring to Minister of fuel and energy of Ukraine Eduard Stavytskyi.
Russian oil majors Rosneft and Lukoil have applied for the right to develop subsoil oil in the Norwegian continental shelf.
The Russian Government has issued a decree, which will regulate the maximum price for accommodation and services in Krasnodar Region hotels during the Sochi Winter Olympics.
US credit card companies have been churning out lawsuits and improperly collecting debt from consumers 90 percent of the time, at least according to a New York judge who deals with these cases.
Russian customs officials have stopped the smuggling of nearly 300 radioactively contaminated cars at the Japanese border as part of an ongoing operation monitoring imports following the disaster at Japan`s Fukushima nuclear power plant last year.
The European Central Bank has cut its main interest rate by a quarter point to a record low of 0.75%, which is in line with markets expectations. The Bank of England intends to use £50bln to boost the UK economy.
Russian stocks are expected to open in the red on Tuesday as Moody▓s downgrade of 28 Spanish banks dented investors` hopes on the euro crisis solution.
Billionaire investor George Soros called on Europe to set up a fund to buy Italian and Spanish bonds, saying that a failure by leaders meeting this week to produce drastic measures could be fatal.
Ratings agency Moody`s has cut the ratings of 28 Spanish banks following a June 13 downgrade of Spain`s sovereign rating by three notches.
Trading in Russian floors is expected to be sluggish on Saturday, as all other major exchanges will be closed for a normal weekend. Investors in the country will be largely reflecting the news of the past week, which was the best so far this year.
The way the Internet operates as we know it could all soon change. A recently leaked document reveals that a European-based lobby group has asked the United Nations to tax American websites that provide services abroad.
Russia`s PMI - an indicator of business activity - had its best performance for over a year in May, while the euro zone suffered a sharp drop. Though this doesn`t mean Russia`s economy is immune from global tendencies.
Asian markets are seeing losses in early trade Monday as investors took their first chance to react to disappointing U.S. jobs data that added to worries about Europe`s debt crisis. Analysts say the negative sentiment is likely to continue dominate the gl
Facebook stock slumped as much as 13% at 9:50am EDT in a second day of public trading for the world`s most popular social network, dispelling investors` hopes for large initial increases and possible profits in the first days of Facebook trading.
Russian markets are likely to open lower on Friday amid a negative global background, while investors eye the results of the EU leaders` videoconference.
A perfect storm - such is the general economic forecast from leading global institutions and experts. The US recession and eurozone turmoil coupled with disruptions in the global corporate credit market are expected to stress-test the globe soon.
Qatar is making further steps on the European resource market as its sovereign wealth fund has bought a major stake in Royal Dutch Shell.
Russian stocks are likely to prove sensitive to the uncertain global background, burdened by Spanish debt worries and Asia`s weak performance.
State-owned Russian Technologies is considering selling 45% of the world`s largest titanium producer VSMPO-AVISMA for almost $1 billion.
With petrol prices setting new records, the time when travelling by car was considered a cheap have long gone.
Capital outflow has been a major headache for the Russian economy, but the country is likely to turn this trend around as the new government takes the reins, the Central Bank says.
The Russian Government has revised the Urals oil price forecast from $100 to $115 per barrel in 2012, pointing out oil prices would decline in the second half of the year.
The number of alcohol producers in Russia has sharply dropped after the government tightened the legislation to obtain a license.
India says it will continue using foreign currency when buying oil from Iran until the new EU sanctions take effect in July. Bloomberg reports they will then use the rupee as the currency of payment.
Importers across the world could spend a record $2trln in 2012 on oil should prices remain at the current highs. This will become an additional burden for recovering world economies.