Russian businesses get friendly with clients through social networks
Russian companies are among the world leaders in using social media as more than half of them apply social networks for business purposes.
Russian businesses eyeing North Korean transition
The death of North Korean leader Kim Jong-il has caught most of the world off guard. Beijing, Seoul, Tokyo, Washington and Moscow are all concerned about a smooth transition which will see Kim`s youngest son Kim Jung-un take over the reins of power.
Confirmed: middle-class shrinking in America
The middle-class in America is shriveling at an unthinkable rate, as a new study pulling from US Census data reveals that more families are finding themselves among the very poor or very rich.
Russian gas price debate
If the gas industry bosses in Russia are to be believed, we`re entering a new golden age for the `blue fuel` as it`s called. It will be a win-win situation for Russia as consumption is expected to show double digit growth.
Medvedev trumpets Russia as crisis-proof
Good economic numbers has prompted President Medvedev to suggest Russia is in a much better prepared for a second wave of crisis than Europe.
Russia`s banks to bid for fresh government loans
Russian banks are asking for less money than the Ministry of Finance has actually offered, with the offer from the primary regulator almost tripling its previous one.
Russian service sector still weak
Russia`s service sector remained soft in October, as the HSBC Services PMI went up just marginally. Uncertainty around the global economy and coming elections seem to have driven public expectations in this area to their worst since February 2009.
Russia could shoot $10 billion into sluggish Europe
Moscow could allocate as much as $10 billion through the IMF to help indebted European countries, says presidential aide Arkady Dvorkovich.
EU Summit determines market behavior
The crucial summit of Europe`s finance ministers which was expected to provide details of a euro zone rescue plan has been cancelled, leading to more anxiety on stock markets around the world.
EU bankers write off half Greece`s debt, new money on way
European banks agreed early on Thursday to write off 50 per cent of Greek debt. The deal was reached during an emergency summit in Brussels overnight. The EU and the IMF will also give the country another one hundred billion euros in rescue loans.
Russian buyer found for Barclays
Barclays will sell its banking operations in Russia to banker Igor Kim, while retaining its presence in the investment market.
Moody`s downgrades Russian banks
Moody´s rating agency says the economic turmoil could seriously affect Russian banking.
China names its price for EU help
China, as the country with the world`s biggest financial reserves, has thrown its weight behind the EU`s efforts to contain its financial crisis, offering European countries its broad financial shoulder to lean on.
Anti-crisis marathon in Brussels kicked off Sunday
Sunday`s meeting of European leaders aimed at resolving the region`s debt crisis has brought proposals on the recapitalization of EU banks, bailout package volumes for Greece, the modernization of EFSF and creation of new economic government.
Money for Russia`s agriculture
VTB Capital creates the world biggest fund to develop agriculture.
EU financial crisis - The key questions
With the Eurozone leadership needing to unveil a `grand plan` to deal with the European financial crisis, the news that they need to delay until at least mid-next week is raising fears that they are simply trying to bridge the unbridgeable.
Sacked minister offers economic rescue plan
Ex Finance Minister Aleksey Kudrin, fired recently for criticism of the leadership’s economic policies, has proposed a five-point plan that would help Russia to avoid a second wave of the Global Financial Crisis.
Greekonomics: make-or-break week
Greece faces another tough week, with a key parliamentary vote on even more belt-tightening. But angry Greeks are trying to resist the punishing cuts with strikes and sit-ins which have again ground the country to a halt.
Moscow on the map for European corporate expansion
International rating agency, Moody`s, is warning of possible ratings downgrades in the Russian banking sector on the back of capital adequacy concerns.
Moody`s warns on capital adequacy of Russian banks
International rating agency, Moody`s, is warning of possible ratings downgrades in the Russian banking sector on the back of capital adequacy concerns.
Russia may buy into Spanish debt
Russian presidential aide, Arkady Dvorkovich, has told journalists that Russia may participate in helping Spain out of its debt crisis by buying sovereign debt.
Russia China links strengthened by investment fund signing
Ahead of the visit by Russian Prime Minister Vladimir Putin to China this week, Russia`s Vnesheconombank (VEB) and Direct Investment Fund (RDIF) have signed a memorandum of intent with China Investment Corporation (CIC) to set up an investment fund.
Russia`s 2020 economic strategy `too optimistic`
Russia`s economic development strategy until 2020, drafted on the orders of Prime Minister Vladimir Putin, does not correspond with modern realities, according to the Audit Chamber.
Coke flags $3 billion Russian investment
Coca Cola has flagged an estimated $3 billion in investment into Russia, over the next 5 years, at the opening of a $120 million plant in Rostov.
Charlie Sheen has reached an out of court settlement
The eccentric actor had filed a $100 million lawsuit against the show`s makers, Warner Bros., which has now been resolved, although its terms will remain confidential.