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.
Russian indices are expected to remain in a "turbulent zone" on Wednesday. Trading volumes are likely to be low, as investor activity is slowing down marking the end of both the month and the first quarter of 2012.
Russian markets are likely to continue their downward trend on Friday weighed by negative data from the eurozone and China.
Ukraine says that it will buy gas from Germany, if Russia doesn`t reduce prices in its long-term contracts. Experts say this may be a ploy to get a discount on gas, which is unlikely to work.
The European Commission wants pipelines linking Russia and Europe through Nord Stream to reserve up to half of capacity for third party suppliers. Analysts wonder whether this could endanger deliveries of Russian gas to Europe.
The International Monetery Fund has approved a four-year, 28 billion-euro bailout for Greece, part of a bigger rescue package which is hoped to save the country from a possible default that had been predicted for the end of March.
Eurozone finance ministers have reached a deal for a second 130-billion-euro bailout for crisis-stricken Greece. The country`s debt will also be lowered by private holders who agreed to face value loss of 53.5 per cent on their bonds.
Fierce opposition to the arrival of international supermarket chains has forced a government rethink in India. Many fear foreign giants could ruin millions of small businesses in India, while supporters argue they would lower prices for consumers.
Analysts from one of the world`s biggest commercial bank, Goldman Sachs, are advising buying Russian shares listed on NASDAQ.
Capital outflow from Russia by a record $84 billion in 2011 according to a preliminary Russian Central Bank (RCB) report. Analysts believe the trend will not change at least until the middle of 2012.
The Association of European Businesses (AEB) announced the car sales in Russia boomed in 2011 exceeding previous forecasts.