Russia no longer makes any sense in the world?
Wednesday, 06 June 2012 13:30
One of the main "building blocks" in the foundation of this postulate is that Russia has "outlived" itself almost literally, in short - Russia is dead. Russia's population is shrinking: minus 6 million over the past 20 years. Smoking kills 400,000 Russians every year. Alcohol kills 500,000...
 
Putin wants Russia and China to join forces against the West
Tuesday, 05 June 2012 12:03
Russian President Vladimir Putin arrived in China on Tuesday, June 5th, for a two-day official visit. Putin plans to sign more than a dozen of various bilateral documents during his meetings with Chinese officials. On June 6-7, he will take part in the Beijing summit of the Shanghai Cooperation Organization...
 
China may buy into TNK-BP to get more Russian oil
Monday, 04 June 2012 12:58

China is looking at a stake in one of Russia’s top oil companies TNK – BP. This is after British shareholder – BP – opened up a bid for its key energy asset in Russia, saying it was ready to quit the consortium and sell its stake.

China's two biggest oil companies, Sinopec and the China National Offshore Oil Corporation (CNOOC) may buy out BP from...

 
Russia's public debt lighter than ever
Monday, 04 June 2012 12:12
The Russian government debt currently does not concern the country's leaders. Russia is in 99th place in the ranking of the world's debtors, so it seems that there is no reason to panic now or in the near future. In other countries, the situation does not look so rosy. This unflattering list is topped by Japan and Ireland...
 
Vladimir Putin presses EU on visas but holds firm on Syria
Monday, 04 June 2012 11:49

Russian president urges Europe to shed 'stereotypes' at summit but resists western demands to get Assad to abide by ceasefire

The Russian president, Vladimir Putin, has said the European Union must ditch its "stereotypes" about Russia and called for swift progress on visa-free travel between his country and the EU at a summit overshadowed by the...

 
Greekfluenza: Athens to give Cyprus crisis contagion?
Monday, 04 June 2012 10:15
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AFP Photo / PIO / Stavros Ioannides

Cyprus could become the fourth country to seek financial help from its European neighbors as early as this month.

The island nation is likely to need a bailout to recapitalize its banks, which have been rocked by neighboring Greece’s crisis, the country’s Central Bank governor Panicos Demetriades told the Fin...

 
Slumping rouble: PM calls on Central Bank to jump in
Monday, 04 June 2012 10:01
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RIA Novosti / Igor Samoilov

Russia's Prime Minister Dmitry Medvedev has ordered the country’s Central Bank to take measures to stop the rouble's steep recent fall.

­The Russian currency has taken its hardest hit since the 2008 financial crisis, falling to its lowest in three years on Friday. Worries about a possible exit from Russia by oil company ...

 
Market Buzz: Too many dissapointing news to digest
Monday, 04 June 2012 07:58
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A trader works on the floor of the New York Stock Exchange on June 1, 2012 in New York City (Spencer Platt/Getty Images/AFP)

Asian markets are seeing losses in early trade Monday as investors took their first chance to react to disappointing U.S. jobs data that added to worries about Europe’s debt crisis.

Analysts say the negative sentiment is...

 
BP investors in line for £10bn windfall from sale of TNK-BP stake
Sunday, 03 June 2012 19:26

Company has hinted that half the proceeds from the sale of its Russian joint venture could be returned to shareholders

BP's beleaguered shareholders have been told they may get a £10bn windfall from the sale of its Russian joint venture.

The oil major is understood to have told its biggest institutional investors that half of the proceeds from the...

 
With $30bn, BP can find new partners after its dance with the Great Bear
Sunday, 03 June 2012 01:06

The TNK-BP joint venture has been very profitable but turbulent. Where should Bob Dudley cast his gaze now?

Lord Browne was rightly called the Sun King when he was at BP – because of the huge influence he exerted as a result of his early successes, as well as the fact that he liked to be in the limelight. Early last week he was back in the media g...

 
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