Russian capital outflow to reach $50bn in 2013, ‘enough to fund another Olympics’

Russian capital outflow to reach $50bn in 2013, ‘enough to fund another Olympics’

[2013-02-23 13:20:12]
The amount of capital expected to leave Russia in 2013 was raised to $50 billion by...
First Russian billionaire to give away half of his fortune

First Russian billionaire to give away half of his fortune

[2013-02-19 18:03:21]
Russian nickel and media mogul Vladimir Potanin has joined the Giving Pledge charity organized by the...
China denies ‘biggest trader’ status, insists it’s ‘developing country’

China denies ‘biggest trader’ status, insists it’s ‘developing country’

[2013-02-19 18:02:27]
The Chinese leadership has rejected the status of the planet’s biggest trader, despite surpassing America in...
Rosneft seeks partners in Asia for Arctic oil and LNG projects

Rosneft seeks partners in Asia for Arctic oil and LNG projects

[2013-02-19 18:01:07]
Russian oil major Rosneft has offered some of China’s biggest oil and gas companies a chance...
Iceland considers dropping its currency

Iceland considers dropping its currency

[2013-02-19 17:59:01]
Iceland’s krona may become the world’s next obsolete currency, as economists evaluate whether to continue its...

G20 leaders to question austerity in Moscow

[2013-02-16 19:17:21]
The need and the scope of belt – tightening in crisis stricken countries is due to...
Latvia to join eurozone in 2014

Latvia to join eurozone in 2014

[2013-02-16 19:16:19]
Despite continuing recession in the eurozone another country is joining. Latvia is switching from the lat...
Tax the world: EU’s controversial ‘Tobin’ tax might take effect in 2014

Tax the world: EU’s controversial ‘Tobin’ tax might take effect in 2014

[2013-02-16 19:14:08]
The controversial ‘Tobin’ tax on financial transactions which could raise over $40 billion a year has...
Rosneft gets access to $100bn gas and oil field in Alaska

Rosneft gets access to $100bn gas and oil field in Alaska

[2013-02-16 18:49:04]
Rosneft has reached an agreement with Exxon Mobil to acquiring a 25% stake in the Point...
Facebook among US corporations that pay no income taxes

Facebook among US corporations that pay no income taxes

[2013-02-16 18:23:11]
As a result of tax loopholes and deductions, the social media giant Facebook paid no income...
American Airlines and US Airways announce world’s largest air carrier merger

American Airlines and US Airways announce world’s largest air carrier merger

[2013-02-14 17:58:13]
It’s a happy Valentine’s for American Airlines and US Airways, as they have announced an $11...
Russia’s shadow economy down to 35% of GDP in 2011

Russia’s shadow economy down to 35% of GDP in 2011

[2013-02-14 17:56:46]
The volume of Russia’s black economy decreased from an average 46% of GDP prior to 2011...
EU and US to talk biggest trade deal in world history

EU and US to talk biggest trade deal in world history

[2013-02-14 17:55:47]
The European Union and the United States announced they're launching talks on a free-trade agreement, which...
Rosneft could double oil supplies to China

Rosneft could double oil supplies to China

[2013-02-14 17:04:23]
Russia’s oil major Rosneft is seeking to borrow another $30 billion, this time from China, possibly...
Russia’s external debt added record 22% in 2012

Russia’s external debt added record 22% in 2012

[2013-02-12 17:15:36]
Every Russian citizen owes the equivalent of $4,200 after the country’s total external debt skyrocketed to...
Barclays announces 3,700 job downsizing plan

Barclays announces 3,700 job downsizing plan

[2013-02-12 17:14:25]
Hoping to convince a skeptical public, Barclays plans to shut down its scandal-smeared Structured Capital Markets...
US demands Russia ‘immediately’ lifts meat ban

US demands Russia ‘immediately’ lifts meat ban

[2013-02-12 17:13:12]
The United States has urged Russia to “honor its obligations” as a WTO member and “restore...
Market buzz: Getting back on track

Market buzz: Getting back on track

[2013-02-11 11:08:58]
Russian stocks are likely to open in the black on Monday after Friday’s correction, depending though...
Venezuelan currency devalued by a third

Venezuelan currency devalued by a third

[2013-02-09 23:23:47]
The Venezuelan government has devalued the country's currency, the bolivar, by a third. The fifth devaluation...

EU agrees on new €960bn budget for 2014-20

[2013-02-09 23:20:46]
EU member countries finally overcame differences over budget cuts and reached an agreement on the next...
ECB approves Anglo Irish Bank debt deal

ECB approves Anglo Irish Bank debt deal

[2013-02-08 09:30:02]
Ireland has moved closer to ending a troubled chapter in its economic history as the European...
EU summit to hammer out austerity budget and tough cuts

EU summit to hammer out austerity budget and tough cuts

[2013-02-07 20:23:53]
EU leaders are to make another attempt to agree on a harshly reduced budget at the...
Russia’s Yandex overtakes Microsoft in world wide searching

Russia’s Yandex overtakes Microsoft in world wide searching

[2013-02-07 20:21:55]
Russia’s Yandex search engine has pushed Microsoft’s Bing aside in global search statistics, climbing to fourth...
BP says ‘substantially overstated’ claims could push cost for Gulf spill over $90 billion

BP says ‘substantially overstated’ claims could push cost for Gulf spill over $90 billion

[2013-02-07 20:20:42]
The Gulf of Mexico disaster might cost BP more than expected as new claims more than...
Francois Hollande: Eurozone must defend its currency

Francois Hollande: Eurozone must defend its currency

[2013-02-05 16:06:08]
Europe must defend the vulnerable euro by developing an exchange rate policy says French President Francois...


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