Chinese shadow banking endangers national economy

12/19/2012

China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the US economy four years ago.

Iran launches world’s longest ethylene pipeline

12/19/2012

Iran has launched the world’s longest ethylene pipeline, which carries the chemical compound from the southern Persian Gulf port of Assaluyeh to petrochemical complexes in the western provinces of Iran.

Russia military exports reached record $14bn in 2012

12/19/2012

Export of Russian weapons and military equipment has exceeded all projections and reached over $14 billion in 2012, which is a billion more than previous year, according to President Vladimir Putin.

S&P puts UK’s high investment rating on negative watch

12/17/2012

The Standard & Poor's rating agency has threatened to cut Britain’s gold-plated triple AAA status over concerns of weaker than expected economic growth.

Iran, ME’s sole country with upward trend in foreign investment

12/17/2012

TEHRAN - Iran is the sole country in the Middle East with a continuous upward trend in terms of foreign investment attraction, IRNA quoted Iranian deputy economy minister Behrouz Alishiri as saying.

Russians ranked number 2 in retail spending around the world

12/17/2012

As Europeans cut their spending due to the crisis, Russians are showing themselves as lavish shoppers, as they spent as much as 2.4bn euro in European stores and have claimed about 1.1bn euro in tax refunds, according to a Global Blue report.

Market Buzz: Looking for positives from China while US remains a drag

12/17/2012

Russian investors are expected to largely reflect data regarding business conditions for Chinese manufacturers on Friday. This comes after all major stocks fell the previous day due to a lack of progress in US budget negotiations.

Sasol will continue investing in Iran’s petrochemical sector

12/17/2012

TEHRAN - South African petrochemicals group Sasol has rejected news by some foreign media about divesting its stake in Iran’s Arya Sasol Polymers Company.