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Facebook profits drop 79% but mobile ad revenue takes off[2013-01-31 21:11:20]
Social network Facebook has reported earnings and revenue higher than expectations but with sharp drop in profit.
Fourth quarter 2012 results show a...
Toothless sanctions? Iranian oil trade booming, China top buyer[2013-01-31 20:59:02]
Iran has quickly found ways to circumvent the EU sanctions imposed on its oil trade in July. After dipping sharply in summer...
Market Buzz: Negative vibrations abroad drag down Russian stocks[2013-01-31 20:13:21]
Russian markets closed in negative territory on Wednesday. The MICEX dropped by 0.41% while the RTS was off 0.31%.
The indices fell amid...
Ukraine can’t pay its debt to Russia[2013-01-31 11:14:56]
Ukraine is asking for $390 million owed by United Energy Systems to Russia’s Defence Ministry to be deferred because Kiev doesn’t have...
US slips back into recession[2013-01-30 23:01:29]
The US economy unexpectedly took its biggest plunge in more than three years last quarter, contracting at an annual rate of 0.1...
US shale revolution seen from space[2013-01-28 22:32:28]
Productions at US major shale formations flare off so much gas it can be clearly seen from space.
The lights of the flares...
Gazprom bills Ukraine $7bn[2013-01-28 22:31:03]
Russia and Ukraine are again involved in an energy dispute, after Gazprom accused Naftogas of importing less gas in 2012. Experts worry...
Market Buzz: US ‘stats of the nation’ drive bourses[2013-01-28 21:29:59]
Russian investors are expected to be looking overseas, where the US stats are set to be a major newsmaker during the entire...
Iran responds to EU oil and gas sanctions with… oil and gas sanctions[2013-01-27 22:36:07]
Iran has slapped a ban on oil and gas exports to the European Union, even though the EU has already forbidden Iranian...
Gazprom joins shale oil race[2013-01-26 19:20:21]
Gazprom Neft, oil arm of the energy giant Gazprom, is drilling for shale oil in Western Siberia. Realization of the shale oil...
US banks shaken by biggest deposit withdrawals since 9/11[2013-01-26 19:19:28]
US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system hasn’t seen such a massive...
Lukoil turns to Mediterranean[2013-01-26 19:18:24]
Russia’s Lukoil is considering expanding operations to the Lebanon despite the ongoing civil war in neighboring Syria, and potential risks from regional...
Russia hits top-10 in budget transparency report[2013-01-26 18:48:59]
Russia has significantly improved its budget transparency over the years and is now telling its public more about the government income and...
‘Good governance is what Russia really needs’ – Davos participants[2013-01-24 12:35:46]
Attendees of the plenary session on Russia’s development at the WEF in Davos think good governance should become Russia’s top priority for...
Current oil prices optimal for consumers and producers, Russia not interested in them rising - Medvedev[2013-01-24 12:34:51]
Russia is not interested in high oil prices, nor is it in them going down, PM Medvedev said at the World Economic...
Budget carriers wanted, needed, but not welcomed in Russia[2013-01-24 12:33:28]
Russia’s Transport Ministry has proposed dropping a regulation under which air carriers are obliged to have at least eight aircraft. The move...
Worldwide unemployment soars, young workers most vulnerable – UN report[2013-01-22 23:01:18]
Global unemployment is at a record high in the wake of the financial crisis, says a UN report. A rise in joblessness...
Davos 2013: Healing world economic wounds with resilient dynamism[2013-01-21 20:03:21]
The annual World Economic Forum meeting is due to kick off on January 23. Apart from resilient dynamism, this year’s agenda is...
Spot gas prices in Europe skyrocket with temperatures fall[2013-01-21 20:01:54]
Cold weather in Europe has caused this season’s record-high spot prices for gas, crossing the $400 mark. But even this does not...
Market Buzz: A rather laid-back Monday[2013-01-21 20:00:53]
No sudden moves are expected today on the markets as investors worldwide will mainly focus on general news background.
Russian markets are expected...
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