Russian metals companies leave Europe as crisis bites

11/28/2012

Russia’s steel giant Severstal is closing down its Italian steel producer Lucchini in December. Falling demand is cutting the steel maker’s profits, making it leave the area along with other Russian companies.

Polish Developers Upgrading 2.75 Billion Square Feet of Older Shopping Center Space

11/28/2012

Unable or not willing to compete with newer, glitzier malls, many developers in Poland are reinvigorating and upgrading older shopping centers located in prime foot traffic locations. That's what the biggest real estate players in the world heard at the recent annual MAPIC exhibition and conference in Cannes, France.

China vs. US: Who’s better for Africa?

11/27/2012

Not long ago, officials and entrepreneurs from Africa seeking access to large quantities of foreign capital had little choice other than to deal with Western financiers.

China vs. US: Who’s better for Africa?

11/27/2012

Not long ago, officials and entrepreneurs from Africa seeking access to large quantities of foreign capital had little choice other than to deal with Western financiers.

Milky day: Farmers dump thousands of liters of milk on Brussels police, European Parliament

11/27/2012

Dairy farmers poured 15,000 liters of milk on the European Parliament building in Brussels, Belgium, in a protest against plummeting food prices. Police resorted to tear gas and water cannons to disperse the milk-spraying crowd.

Rosneft to get $30bn in bank loans to buy out TNK - BP

11/27/2012

Russian oil major Rosneft has agreed a $30bn loan from a syndicate of lenders. The money comprises the lion’s share of the cash the company needs to acquire TNK-BP.

BP wants Russia's Nord Stream gas pipeline to reach UK

11/27/2012

BP and Gazprom are reportedly in “early” talks about extending the Nord Stream pipeline which could pump Russian gas directly to the UK by 2016.

Malaysia buys Ukrainian corn

11/26/2012

SINGAPORE: Malaysian feed millers bought around 50,000 tonnes of Ukrainian corn for January shipment last week week.