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Tuesday, 18 September 2012 12:22 |
Chinese demonstrators set fire to a Japanese national flag during a protest. (AFP photo) As the territorial dispute between China and Japan is gathering pace, analysts warn it could hurt trade relationships and bring Japanese producers more losses than the earthquake in 2011. Growing concerns over the future of trade relations between China and ... |
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Monday, 17 September 2012 19:25 |
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Shares in Sberbank – the third largest bank in Europe after HSBC and Santander – will be listed in London and Moscow Russia is taking advantage of the recent bounce in stock markets by pressing ahead with the sell-off of a stake – valued at around $5bn (£3.1bn) – in Sberbank, the largest bank in the country. The shares are to be listed in London and... |
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Monday, 17 September 2012 16:08 |
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If you ask a mature and able-bodied citizen, who pharaoh Tutankhamun was by nationality, you can come across surprising answers. It would seem that no one has a question about the nationality of world's first man in space Yuri Gagarin. But it turns out that if you ask in Russian, there will be people who correctly answer the question... |
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Friday, 14 September 2012 22:02 |
UBS bank in Basel (AFP Photo/Sebastien Bozon) A British Court has started the trial of Kweku Adoboli, a former UBS trader accused of making a trade that lost the firm £1.4billion. Adoboli was probably thinking "greed is good" when he ran the risky trading strategy. His method of betting against the trend exposed UBS to a potential loss of £7 ... |
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Friday, 14 September 2012 15:38 |
Russia must agree to European Union requirements for an open natural gas market, the EU Energy Commissioner said, specifying that this implies that the price for imported Russian gas should be identical across the European Union. "Our Russian partner understands our rules but doesn't accept them," Guenther Oettinger said at an energy conference in... |
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Friday, 14 September 2012 15:36 |
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Gennady Gudkov says vote against him is political revenge for his support of anti-Putin demonstrations The Russian parliament has voted to expel a vocal opposition deputy, who said the unprecedented move was a sign of the Kremlin's desire to rid the country of any opposition. Gennady Gudkov, a former KGB agent, said the vote against him was... |
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Friday, 14 September 2012 14:05 |
Government employees demonstrate against the Spanish government's austerity measures on August 3, 2012 in Madrid. (AFP Photo/Pierre Philippe Marcou) Euro zone finance ministers want a clear cut answer from Spain whether it will seek financial support after Madrid's borrowing costs sharply lowered following the European Central Bank decision to buy... |
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Friday, 14 September 2012 10:27 |
The Russian Central Bank raised all of its key interest rates by a quarter point on Thursday, in a surprise move that is hoped will tame inflation which stands at 6%, in close proximity to the Economy Ministry's annual forecast of 7%. This is the first hike since December 2011.
Last week the bank said inflation had reached 6.3% year-to-year, the... |
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Friday, 14 September 2012 07:18 |
Spencer Platt/Getty Images/AFP Russian stocks are expected to react today to the US Fed announcement of a $40 billion monthly stimulus program, as well as the decision by a key banking regulator to lift all interest rates. “Friday, the market will be winning back the results of the Fed session. At that, the ruble will be under pressure of the u... |
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Thursday, 13 September 2012 19:33 |
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The controversy about the Pussy Riot verdict received an unexpected turn as Russian Prime Minister Dmitry Medvedev released a number of quite unexpected statements about it. the punishment that they had already served is quite enough for them to think about what they did. Extending their stay in prison is counterproductive, I believe," he said... |
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