Market Buzz: Investors bearish on news from Asia

12/03/2012

Russian markets are likely to open in the black Monday on positive news from Asia and continued budget talks in the US.

Chinese manufacturing ramps up to highest level in 7 months

12/03/2012

Chinese manufacturing rose to its highest level in seven months according to an official index.

More trade to build a better future

12/02/2012

WASHINGTON, Nov 30: It’s clear to both the US and Pakistan that trade, investment and private sector growth are the future of their relationship, argue the Finance Minister Abdul Hafeez Shaikh and a senior US official.

EU imposes control on rating firms to limit downgrades

12/02/2012

The European Union has introduced new rules for rating agencies aimed at limiting their influence on the market during a crisis and to avert unexpected downgrades.

Brazil economy slows unexpectedly

12/02/2012

SÃO PAULO, Brazil – Brazil's economy slowed unexpectedly in the third quarter.

Mississippi River: Shipping companies ask US government to dynamite riverbed

12/02/2012

River shipping companies asked President Obama and the Federal Emergency Management Agency today to declare an emergency and allow the US Army Corps of Engineers to blow up part of the riverbed near the Illinois towns of Thebes and Grand Tower, the Wall Street Journal reported. The move would deepen the Mississippi River shipping channel there.

Russian diamonds to give new sparkle to Tiffany jewelry

12/02/2012

Russian diamond miner Alrosa is reportedly close to signing a three-year contract with US jeweler Tiffany & Co, which would see the company buying diamonds from Russia worth at least $60 million a year.

MegaFon raises up to$1.7 Billion at IPO in London

12/02/2012

Russia’s second-largest mobile-phone operator MegaFon will raise $1.7bn from its 15% stock sale in the country’s biggest London IPO in the last three years, the firm said in a statement.