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breakingnews
17.08.2009, 11:18
1 comment
A consortium of Russian oil majors, together with Venezuela's national oil company, are looking to jointly invest about $30 billion dollars in developing the Orinoco oil fields.
14.08.2009, 19:13
1 comment
Monday marks the anniversary of the 1998 shock when Russia defaulted on its debt. The Rouble's devaluation then set the stage economic growth but this time around, Economists forecast years of slow growth for Russia.
14.08.2009, 17:36
The economic downturn is seeing wealthier Russians ease off on cash transactions to indulge their love of expensive cars, while pushing pedal to the metal with loan applications.
14.10.2010, 00:42
3 comments
While 14 million Americans are unemployed and 1 in 7 Americans are living in poverty, one group isn’t doing too badly.
26.08.2010, 03:24
9 comments
Millions of Americans remain unemployed, US bankruptcies have reached a five year high, China slashed US bond holdings by the largest amount to date and US home sales have plummeted to the lowest level on record.
11.11.2009, 19:23
6 comments
NY Governor David Paterson announced to a hastily assembled joint session of legislators that the state will be bankrupt in a month’s time unless lawmakers immediately strive to close an ever widening budget gap.
26.06.2010, 01:32
4 comments
Legislation to overhaul the US financial system has passed a joint House and Senate committee. It will now go before both houses for a final vote.
14.07.2010, 03:17
4 comments
Desperation. You catch a glimpse of it on the streets of Washington DC during rush hour as the gap between the have’s and the have not’s is growing.
28.08.2010, 02:50
4 comments
Federal Reserve Chief Ben Bernanke said that the US economic outlook was inherently uncertain, but he downplayed the odds of another recession.
09.10.2010, 01:25
2 comments
As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.
Published: 18 August, 2009, 11:07
Russia’s Trade Ministry has proposed that grocers and supermarkets could start selling non-prescription medicines, with experts saying the new regulations may come to the rescue of troubled pharmacy chains.
