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Houla massacre: UN resolution condemns Syria
Friday, 01 June 2012 23:58

Russia and China vote against call for international criminal probe against Assad regime

The United Nations' human rights council has overwhelmingly voted to condemn Syria for the massacre in the town of Houla last Friday and called for an international criminal inquiry into what took place.

The resolution, approved by 41 of the 47 members – with R...

Russia’s manufacturing on the rise in May – PMI
Friday, 01 June 2012 19:18

The Sibkabel plant manufacturing cables, Tomsk. (RIA Novosti/Yakov Andreev)

Russia’s PMI – an indicator of business activity – had its best performance for over a year in May, while the euro zone suffered a sharp drop. Though this doesn't mean Russia’s economy is immune from global tendencies.

Russian businesses enjoyed the best working conditions...

US Ambassador to Russia Michael McFaul: Anti-diplomatic diplomat
Friday, 01 June 2012 10:23
The U.S. Ambassador to Russia Michael McFaul is tirelessly surprising the Foreign Ministry. His last speech before the students at High School of Economics may go down in textbooks of anti-diplomacy. He said that Russia exchanged Iran for Georgia, missile defense system in Europe for Central Asia, North Korea for human rights in Russia....
Law and order or anarchy for today's Russia?
Thursday, 31 May 2012 16:41
Campgrounds in city centers, mass gatherings in parks and squares, spontaneous demonstrations, multi-day protests, rallies reminiscent of pickets without notification of the authorities and, most importantly, zero responsibility for the organizers of any disturbances. This scenario was suggested by "Just Russia" opposition party...
Russians get ready for another law against alcohol
Wednesday, 30 May 2012 12:41
Russia can be left without its traditional alcohol beverages after July 1st. It goes about such drinks as mead, sbiten, cider and some others. In 1985, the Central Committee of the Communist Party approved the renowned decree about the measures to overcome alcoholism. The decree, as many experts say, accelerated the decline of the Soviet empire...
Gazprom seeking new partners to spur Shtokman
Friday, 25 May 2012 17:29

Norwegian energy giant Statoil shows its Huldra oil rig in the North Sea. (AFP Photo / Statoil / Kjetil Alsvik)

Gazprom might be looking for new partners in the Shtokman gas project as reports suggest Norway’s Statoil has decided to leave the joint venture. Shell may take its place, according to a Kommersant daily report.

Royal Dutch Shell may join...

‘Russia’s been 10 years late to WTO’
Friday, 25 May 2012 15:33

Sberbank's Chairman of the Board German Gref (RIA Novosti/Ruslan Krivobok)

With less than three weeks left until June 15 – the deadline before which the Russian parliament will have to ratify the deal on the country’s WTO membership, the CEO of Russia’s number one bank says Moscow should have joined the organization long ago.

Sberbank Chief...

Bankia suspends shares, asks for 15 billion euro
Friday, 25 May 2012 13:23

Spanish bank Bankia's headquarters in Madrid. (AFP Photo / Pierre-Philippe Marcou)

Shares of Spain's fourth largest lender Bankia SA were suspended on the Madrid stock exchange on Friday as the bank is expected to ask for financial help from the Spanish Government totaling 15 billion euros.

­The regulator said Bankia had requested the suspension "due...

Moody’s downgrades three Scandinavian banks
Friday, 25 May 2012 10:41

Stockholm : People walk by Nordea Bank headquarters in central Stockholm. (AFP Photo / Scanpix-Sweden / Jessica Gow)

Something is rotten in the state of Sweden, as Moody’s has downgraded the country’s Nordea Bank and Svenska Handelsbanken, while Norway’s DNB Bank has also seen its debt rating cut.

­Nordea's and Handelsbanken's ratings were cut one ...

Market Buzz: No bad news is good news for investors
Friday, 25 May 2012 08:14

Allison Joyce / Getty Images / AFP

Russian stocks are likely to open higher on Friday amid a relatively positive global background, though a downtrend persists on the markets.

Russian stocks ended higher on Thursday supported by growing oil prices. The MICEX rose 2.23% and the RTS was up 1.83%. Shares of Tatneft oil company (+5.31%),...

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