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Oldest Swiss bank closes after US tax evasion guilty plea
Friday, 04 January 2013 23:48

A general view shows the Swiss Wegelin bank headquarters building in St. Gallen (Reuters / Miro Kuzmanovic)

Switzerland’s oldest private bank, Wegelin, has announced it would “cease to operate as a bank,” following its admission to tax-law violations in the US.

­Wegelin released a statement late on Thursday confirming its closure “once the matter i...

Welcome to Russia, Gérard Dépardieu!
Thursday, 03 January 2013 23:50
On the 3rd of January 2013, President Vladimir Putin signed a decree, granting Russian citizenship to the actor, Gérard Dépardieu, formerly of French nationality. Already in December 2012, the film star stated in public that he does not consider himself to be a French citizen any longer and applied for a Russian passport....
2013: Lucky or unlucky for the world economy?
Thursday, 03 January 2013 20:40

The Russian economy managed to live through a tough 2012 and could be among the fastest growing in Europe in 2013. It’s set to rise 3.5% - 4%, with Western Europe remaining a strong threat and a major long term reshape of the economic map looming.

Between Scylla and Charybdis

The year 2012 marked a difficult period for struggling Europe, which had...

Market Buzz: Final countdown for fiscal cliff decision
Friday, 28 December 2012 06:56

All major world, increasingly vulnerable to developments around the fiscal cliff, are expected to be watching Friday an 11th-hour meeting, at which President Barack Obama and key lawmakers will try to hammer out a budget compromise.

Asian stock markets rose Friday, hours before the meeting at the White House.

Japan's Nikkei 225 index marched higher,...

Russia's dreams come true in India with Putin's help
Tuesday, 25 December 2012 14:26
During Putin's visit to India, the two sides signed a number of contracts that leave no doubt that the relationship between Russia and India are "particularly strategic" in their nature. India has always appreciated the fact that the Soviet government used to recognize the independence of the country even before its official announcement...
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