Norilsk Nickel CEO gets record $100mn golden handshake


The former CEO of the world's largest nickel and palladium producer Norilsk Nickel Vladimir Strzhalkovsky will receive record compensation when he gives up his seat on the board to billionaire Vladimir Potanin on Monday

Russia aims to lead food exports


President Vladimir Putin has set an ambitious goal to lead the world food export markets, while players say state aid is essential to help fully realize Russia’s great potential.

Figures show Iran has not reduced oil production: OPEC chief


The secretary general of the Organization of Petroleum Exporting Countries (OPEC) says figures show that Iran has not reduced its oil production.

India: Cabinet clears Land Acquisition Bill, boosting protections for farmers


Prime Minister Manmohan Singh's cabinet cleared a land acquisition bill that revises India's centuries-old laws of eminent domain to provide additional protections for landowners.

Former Beef Products employee sues Jamie Oliver, ABC for pink slime coverage


It's all about what the consumer wants! Unless the consumer doesn't want your product anymore. That's when you start suing people.

US Senate bill to make Europe less energy dependent on Russia


The US seeks to lift limitations on its LNG deliveries to Europe and strengthen competition in European energy markets. It’s to break the EU’s dependence on Russian gas, as “the Russians overplayed their hand”, says US Senator Richard G. Lugar.

South Korea’s imports of Iranian crude climb in November


South Korea’s imports of oil from Iran increased 2.9 percent in November from October, when it resumed shipments from the Persian Gulf nation.

Market Buzz: Investors cautious about Italy


Russian equities are likely to open slightly higher Tuesday amid renewed hopes the US will avert the fiscal cliff of spending cuts and tax hikes, though uncertainty on Italy is likely to cap gains.