JP Morgan and Citigroup reconsider executive bonuses
Monday, 10 September 2012 13:50

JP Morgan Chase & Co may pay smaller bonuses for its top management while Citigroup is also rethinking executive pay structure in a bid to please investors after several tactical blunders this year.

­JP Morgan, the biggest US bank, has lost at least $5.8 billion in failed derivative trades. It may cut 2012 bonuses including for its CEO James ...

 
Gazprom suspends buying gas from independents
Monday, 10 September 2012 12:20
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A general view of the headquarters of Russian gas giant Gazprom (Reuters/Maxim Shemetov)

Russia's state gas pipeline operator said it has stopped buying gas from non-Gazprom producers in Russia as of Monday.

"The reason is the unstable demand for gas on the domestic market at the current time," Gazprom's press office said in a statement.

The...

 
Russia hosts 24th APEC Summit in Vladivostok
Sunday, 09 September 2012 19:08
Russia's easternmost city, Vladivostok, on the beautiful Golden Horn Bay, is coming into focus these days with the opening of the 24th APEC summit which will take place from the 2nd to 9th September 2012 in the Russian Far East. Vladivostok has seen many delegations come and go during its long history since it was settled during the Qing Dynasty....
 
Russia marks 200th anniversary of battle of Borodino against Napoleon
Sunday, 09 September 2012 16:36

Prayers in front of the Smolensk Icon of the Virgin Mary commemorate decisive battle against French forces in 1812

On the eve of the battle of Borodino, the clash in 1812 that would seal the fate of Napoleon's doomed invasion, Russian generals and soldiers prayed in front of the Smolensk Icon of the Virgin Mary.

And on Saturday the icon was taken...

 
Vladimir Putin hits back at bird snub
Sunday, 09 September 2012 13:42

Vladimir Putin defends himself at summit after rare Siberian cranes appear to shun him in Arctic hang-gliding stunt

The sight of Vladimir Putin decked out in white overalls and playing the parent to a group of rare Siberian cranes in the skies above the Russian Arctic last week proved an opportunity too good to miss for the country's opposition...

 
Syria crisis: Aleppo civilians and water supply hit - Sunday 9 September 2012
Sunday, 09 September 2012 10:34

Follow how the day unfolded after drinking water supplies were hit by the violence in Aleppo and the Syrian army stormed southern Damascus

Matthew Weaver

...

 
‘Slowly but surely, China has been winning its rivalry with Japan'
Friday, 07 September 2012 20:07

China has a serious financial and geo-political rivalry with Japan, says founder and CEO of financial analysis firm SGH Macro Advisors, Sassan Ghahramani. Beijing feels it’s winning t...

 
Power core: Infrastructure development in Far East key to energy sector
Friday, 07 September 2012 19:51
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(RIA Novosti / Vitaliy Ankov)

The Russian government should do more to attract investment in Russia and the country's Far eastern region, including spending government money on infrastructure, Andrei Kostin, the head of head VTB bank told RT.

“My advice has always been to invest money in Russia, and the Far East in particular, because it's v...

 
Russian rouble can ‘claim the role of reserve currency’
Friday, 07 September 2012 19:19
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Russian ruble can ‘claim the role of reserve currency’

Russia's President Vladimir Putin has said its possible to use the rouble as a reserve currency.

"We hear more and more statements about reserve currencies," the president said at the APEC CEO summit, claiming the "Rouble can claim for the role of reserve currency. The rouble is used more and...

 
EU to Russia: Abide by the rules or face action
Friday, 07 September 2012 16:40

The EU’s trade chief Karel De Gucht has warned Russia that it should understand that Europe “takes the (WTO) mechanism very seriously” and that “the EU will not hesitate” to enforce its rights where they are abused.

The Trade Commissioner was critical of Russia's position on a number of issues including a ban on European live animal imports, plans...

 
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