China eyes purchase of Russia's Su-35 fighter


Beijing is interested in buying Russia's new Su-35 multirole fighter, according to the President of Russia's United Aircraft Corporation (UAC) Mikhail Pogosyan.

‘Export – led Chinese economy’ should change its route


Reshaping the Chinese economy is one of the key challenges for the country’s new leader, Xi Jinping. Many experts agree that domestic consumption should replace exports as an economic driver.

Russian Railways plan to set up new ‘Silk Railroad’


Demand from Asian manufacturers has led Russian Railways to embark on a new rail link between Asia and Europe.

Russian oil company close to offshore Cuba drilling


Russian oil company Zarubezhneft is pushing ahead with its Cuba offshore drilling project as its oil rig reached Cuban territorial waters.

China's commerce minister voted out in rare congress snub: sources


BEIJING, Nov 17 ( - China's commerce minister was surprisingly blocked from a spot on the ruling Communist Party's elite body during a conclave this week, sources said, a rare snub for an official that could raise questions about trade policies during his tenure.

Top economists: U.S. heading for another crash, debt crisis looms


SANTA MONICA, Calif: Two leading U.S. economists expressed deep pessimism on Friday that politicians in Washington will be able to strike a deal to rein in America's soaring national debt.

Gaza’s economic boom


GAZA CITY, Gaza Strip — As Israel unleashes a wave of air strikes and modern firepower against Hamas targets in the Gaza Strip, the fresh military offensive threatens to undo what was an unlikely economic boom taking hold in the war-battered territory.

Euro zone creeps into double dip recession


Europe's financial problems continue to worsen as the 17-member euro zone officially slipped back into recession.