Market Buzz: Optimistic about China

11/12/2012

Russian markets are expected to open higher Friday as investors try to win back recent losses, while positive data from China is likely to support growth.

Monsanto spends millions to fight labeling of genetically modified food

11/12/2012

Activists in California are fighting to pass Proposition 37, a law that would legally require genetically modified foods to be labeled as such. Biotech giant Monsanto doesn't like that idea, though, and has donated over $4.2 million to oppose it.

Market Buzz: Once again, all eyes on Greece

11/12/2012

Russian markets are likely to open higher Monday as investors pin hopes on a meeting of eurozone finance ministers about Greece later in the day, while rising oil prices are also expected to boost indices.

Japan's economy shrinks by most since earthquake

11/12/2012

The Japanese economy is shrinking at a rapid rate - contracting by 3.5 percent at an annualized rate in the last quarter, reports CNN.

Russia back to ‘golden’ age in October, while Europe struggles

11/12/2012

Russian private businesses continued to grow in October, with new orders in the service sector rising the fastest since the start of the crisis in 2008. This makes the country a bright spot where even Germany Europe’s largest economy suffered.

Russian State takes bigger part in the economy, despite trumpeted privatization plans

11/12/2012

The current crisis has boosted the Russian State’s stake in economy to almost 50%, compared to the world’s average of 30%. This is when the country’s authorities are constantly pushing ahead with privatization plans, hoping to raise $19bn in 2012.

Japan trade tumbles amid global slowdown, China spat

11/11/2012

Japan posted its worst September trade figures in more than 30 years, official data showed Monday, as the global slowdown and a territorial spat with China weighed on the world's third-largest economy.

Iraq opens biggest trade fair in 20 years

11/11/2012

Iraq opened on Thursday its biggest trade fair in more than 20 years, the latest step in Baghdad's efforts to rebuild an economy battered by decades of conflict and sanctions and combat unemployment.