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.
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.
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.
International rating agency, Moody`s, is warning of possible ratings downgrades in the Russian banking sector on the back of capital adequacy concerns.
International rating agency, Moody`s, is warning of possible ratings downgrades in the Russian banking sector on the back of capital adequacy concerns.
Russian presidential aide, Arkady Dvorkovich, has told journalists that Russia may participate in helping Spain out of its debt crisis by buying sovereign debt.
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 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.
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.
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.
Greek lawmakers are expected to approve an unpopular property tax as they battle to show they are serious about tackling the country`s debt crisis in order to receive a vital cash injection.
Thursday`s panic on the world`s markets was partly triggered by the grim economic forecast from the US Federal Reserve stating that complete economic recovery is years away. Investment advisor Patrick Young says another recession is inevitable.
Highland Gold, the London listed Russian focused gold miner, has posted a 1H 2011 net profit of $70.3 million under IFRS.
China`s Sinopec and Rosneft could co-operate on the construction of a new oil refinery in Udmurtia on the basis of their joint venture, Sinopec President Wang Tianpu told journalists during his visit of the region on Tuesday.
Belarus, which is going through a serious economic crisis, will receive a helping hand from China. The Asian powerhouse will loan $1 billion in exchange for preferences for Chinese companies in acquiring shares in Belarusian industrial facilities.
Russia has brought to an end the long-running debate over securing gas supplies to the EU, bringing all its European partners together to sign the landmark agreement giving the green light to construction of the South Stream gas pipeline.
Trade between Russia and China is recovering after the global economic crisis and may hit $70 billion this year, Russian Prime Minister Vladimir Putin said at a meeting with China`s top legislator on Wednesday.
When Republicans candidates lashed out at Barack Obama during this week`s GOP Debate, apparently they weren`t the only ones peeved at the president.
The world`s largest soft-drink producer, PepsiCo has accomplished a deal consolidating 100% of the stock of OJSC Wimm-Bill-Dann Foods (WBD).
International interest in Russia`s booming internet commerce market has been underlined by a $100 million investment into internet store Ozon.ru.
President Barack Obama has presented his much-anticipated Jobs Act to Congress. It earmarks more than US$400 billion for putting people back to work. But critics say it is too little too late.
Protests have spread across Europe as Greece, Italy and Spain are struggling to hold on to the euro. Meanwhile, residents of the strongest European economies, such as France, believe that their countries would be better off with a national currency.
Despite support from President Obama, a solar-panel manufacturer in California is closing its doors and laying off more than a thousand employees, citing foreign competition as the impetus that has made domestic production no longer "scalable."
With the Russian computer market heating up as major global players focus on its rapid growth, Business RT spoke with Bai Yuli, VP, GM, Lenovo Russia and CIS, about the trends the major manufacturers see, and how they are leveraging this in Russia.
China`s second largest bank, China Construction Bank (CCB), will invest around $150 million to develop its Russian subsidiary, with analysts saying the bank is eyeing the growth potential of Russia`s banking market.