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17:29, 25 October 2014 Saturday
Economy

11:59, 24 October 2014 Friday
Rosneft seeks 49 billion from Russian government

If Russian oil giant Rosneft's request for $49 billion from the government is not met, Russia could face larger budgetary and revenue problems, say experts

10:16, 24 October 2014 Friday
China launches Asia bank to challenge US-backed lenders

China launched the first stage of an Asian development bank, in what is widely seen as a challenge to U.S.-backed international banks.

09:40, 24 October 2014 Friday
Cash aid for refugees succeeds responsibly spent

Aid agencies are tentatively also giving away cash and letting refugees decide for themselves what they need. The money is being wisely spent and rarely wasted

09:02, 24 October 2014 Friday
U S warns of sanctions on buyers of ISIL oil

The research firm IHS estimated this week that ISIL militants were producing about $2 million worth of crude oil a day before recent U.S.-led air strikes.

17:06, 23 October 2014 Thursday
Greek Cypriot talks on Egyptian gas sales may irk Turkey

The conflict between Turkish and Greek Cypriots on the island continues over the ownership of the hydrocarbon reserves in the exclusive economic zones off the shore of the island

16:21, 23 October 2014 Thursday
Bulgaria writes off bulk of Afghanistan s debt

Sofia reduces Afganistan's $50m balance to $8 million

12:32, 23 October 2014 Thursday
First deal between Iran and Boeing since 1979

Aeroplane maker company Boeing sells plane parts to Iran, as part of easing the sanctions and first step since 1979

16:54, 22 October 2014 Wednesday
Khamenei Iran's oil reliance putting country at mercy of powers

OPEC's second-largest producer, Iran is normally among the first members of the oil producers' group to call for supply cuts to support prices.

13:33, 22 October 2014 Wednesday
APEC nations vow to pursue quot flexible quot fiscal policies

The 21-member Asia-Pacific Economic Cooperation (APEC) bloc said they would advance structural reforms to unleash new sources of growth.

12:21, 22 October 2014 Wednesday
Financial obstacles in Russia-Ukraine gas negotiations

Ukraine needs to pay its previous debt to Russia by the end of the year and pay in advance for getting new volumes of natural gas

16:49, 21 October 2014 Tuesday
Saudi Arabia closes joint oilfield with Kuwait

The loss of Khafji's 280,000 barrels per day of Arabian Heavy crude will be felt more in Kuwait, which has far less spare output than its neighbour

15:13, 21 October 2014 Tuesday
Lufthansa pilots threaten more strikes as long haul hit

Under Lufthansa's proposals, pilots would still be able to retire early, but the age would gradually increase to 60 from 55.

12:59, 21 October 2014 Tuesday
Argentine bankers to strike for tax breaks

Labor tension on the rise as high inflation reduces spending power.

12:07, 21 October 2014 Tuesday
Lower GDP growth in China threatens annual target

Third quarter growth was lowest in more than five years, threatening annual target

10:08, 21 October 2014 Tuesday
Total CEO killed in Moscow as jet hits snow plough

De Margerie was killed when a business jet collided with a snow plough during takeoff at Moscow's Vnukovo International Airport overnight, the company and airport officials said.

12:24, 20 October 2014 Monday
Moody's upgrades Egypt s credit outlook

Stabilised political and security situation, the launch of government initiatives toward fiscal consolidation and strong support from external donors are some of the reasons given for improved economic outlook.

17:18, 19 October 2014 Sunday
Norway unable to supply extra gas to Europe Minister

Norway will not supply gas to Europe in case of supplies being cut by Russia, says Norwegian Energy Minister Lien

09:44, 19 October 2014 Sunday
India ends diesel controls raises gas prices

A fall in global oil prices, down more than 20 percent from this year's June high, means that ending costly diesel subsidies will save the government money without hurting consumers.



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