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06:03, 21 December 2014 Sunday
Economy

10:45, 19 December 2014 Friday
Ruble rises RTS index of Russian stocks slides

The ruble makes small gain Friday morning, but RTS index continues to contract

14:09, 18 December 2014 Thursday
Norway grants 610 million to develop its gas fields

Norwegian energy company Statoil, which suspended 5 rigs in the last 2 months, granted $610 million for development of its gas fields

14:06, 18 December 2014 Thursday
Bulgaria expects final solution for South Stream

Putin earlier announced pipeline project via Bulgaria would be cancelled.

12:05, 18 December 2014 Thursday
Putin reassures Russians rouble will rise again

President Vladimir Putin said that Russia needed to take the opportunity to diversify its economy to protect it from external shocks.

16:19, 17 December 2014 Wednesday
Amazon workers in Germany extend strike

Verdi said in a statement that workers at four of those centres had decided to continue their strike until Saturday and employees at the Graben warehouse would strike until Dec. 24.

13:10, 17 December 2014 Wednesday
Will Russia retreat in Ukraine

Russia suffers as sanctions bite economy; will crisis make Ukraine conflict too costly?

12:41, 17 December 2014 Wednesday
EU bans oil and gas drilling in Crimean shore

EU to tighten sanctions on Crimea in time for leaders summit to send message to Russia

17:09, 16 December 2014 Tuesday
Oil drops below 59 for first time since 2009

The Organization of the Petroleum Exporting Countries declined to cut production at a Nov. 27 meeting and, despite slumping prices, major Gulf OPEC members have since shown no sign of reversing course

14:54, 16 December 2014 Tuesday
Iran starts to export petrochemicals again

Iran plans to export petrochemical products to Europe after one year of U.S.-led sanctions on its petchem market

14:24, 16 December 2014 Tuesday
Rouble crisis could shake Putin's grip on power

Russia's central bank took drastic action to defend its rouble currency in a surprise midnight raising of interest rates by 650 basis points to 17 percent.

13:44, 16 December 2014 Tuesday
Denmark stakes claim to resource-rich North Pole

It argues that a major submarine ridge of the Arctic Ocean is an extension of its autonomous Greenland.

12:06, 16 December 2014 Tuesday
BRICS countries lead global capital flight -report

Russia is the second biggest exporter of illicit money, India is fourth, Brazil seventh and South Africa is 12th, according to the report.

17:06, 15 December 2014 Monday
Oil hits five-year low before rallying above 62

Brent for January fell to a low of $60.28 a barrel in Asian trade, down $1.57 and its lowest since July 2009

13:31, 15 December 2014 Monday
Shanghai Cooperation Org meeting started in Kazkhstan

Energy cooperation will be one of the topics on the agenda

12:30, 15 December 2014 Monday
Amazon workers strike in Germany as Christmas orders peak

Labour union Verdi said the strike had started at five of Amazon's nine distribution centres in Germany but added it would only know later in the day how many workers participated

13:31, 14 December 2014 Sunday
OPEC chief says oil slide beyond fundamentals

Abdullah al-Badri said the oil price, which dropped to a succession of five-year lows in recent days, had fallen further than market fundamentals should have dictated

13:14, 14 December 2014 Sunday
Ethiopia-Egypt talks on Nile dam stumble

Ethiopian says the dam project is meant to generate badly-need energy. But the project has strained Ethiopia's relations with downstream Egypt, which fears the project will reduce its water share

10:20, 14 December 2014 Sunday
China Kazakhstan to sign 10 bln in deals including oil

Kazakhstan has become China's second largest trade partner in the Commonwealth of the Independent States, while China is the second largest trade partner and the largest export market of Kazakhstan



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