Russian privatization changes to keep Rosneft state-owned

06/18/2013

The Russian government plans to hold back on the privatization of several major state enterprises and to retain control of the Rosneft oil company, according to the Vedomosti business daily.

Holly Ellyatt, CNBCJune 17, 2013 12:47 Is Italy on a collision course with Europe?

06/18/2013

Italy's fragile coalition government announced a raft of measures to boost its economy this weekend, but the package was conspicuous for the absence of spending cuts. The lack of measures could make it hard for the country to meet its deficit target and could put it on the path to conflict with Europe.

Yes, at some point China will implode

06/18/2013

If there has been one prediction made more than any other over the past couple of decades, it's that China's miraculous economy is headed for a fall.

Iran rejects selling cheap oil to India

06/18/2013

Iran OPEC governor Mohammad-Ali Khatibi has rejected recent news about selling oil at discount prices to India, ILNA reported.

Iran’s NDF allocates 5% of assets for buying planes

06/18/2013

The National Development Fund has allocated five percent of its assets for buying planes, ISNA reported.

Eurozone unemployment leaves 19.4mn jobless, 7 year high

06/17/2013

Just days after French President Francis Hollande announced the euro crisis was over, employment across the Eurozone collectively shrank 0.5 percent in the first quarter, bringing levels to their lowest in seven years.

Eurozone unemployment leaves 19.4mn jobless, 7 year high

06/17/2013

Just days after French President Francis Hollande announced the euro crisis was over, employment across the Eurozone collectively shrank 0.5 percent in the first quarter, bringing levels to their lowest in seven years.

Nicaragua OKs Chinese-made mega canal

06/17/2013

LIMA, Peru — Nicaragua’s lawmakers have approved a multibillion-dollar plan for a little-known Chinese firm to carve a canal between the Pacific and Atlantic oceans that would dwarf the Panama Canal.