Market Buzz: Panic cooling as week ends

Investors expect Russian stocks to bounce back slightly on Friday, with floors opening the day in the black.

May 24, 2013 07:42

Global markets fall on news from Fed, China PMI

The Japanese Nikkei lost 7.3 percent on Thursday, the worst loss in over two years, after China released unexpectedly weak Flash PMI accompanied by hints that the US Federal Reserve could shut down its stimulus program in June.

May 23, 2013 11:49

EU agrees to end ‘dangerous’ tax evasion and bank secrecy

In a period of record recession and unemployment, the EU has decided to recover a reported €1 trillion in tax revenue lost in loopholes and fraud, and has set a one year deadline to end banking secrecy.

May 22, 2013 14:17

Millions of poverty-stricken Italians unable to afford heat, meat amid economic crisis

As a severe recession and unprecedented unemployment sweeps Italy, millions of people are struggling to make ends meet. The number of those receiving food assistance has doubled in the past two years, according to a government report.

May 22, 2013 14:30

Russia to become 'next Greece’ with slowing economic growth - Renaissance Capital

The Russian economy will not be able to grow faster than 2 percent per year in the coming decade and might become another Greece, says one of Russia’s leading investment banking firms Renaissance Capital.

May 22, 2013 12:20

South Stream: A fresh element of Russian-European energy cooperation?

With a stagnating European economy plans to supply more gas to the West is becoming a challenge. But Russia is taking the risk.

May 21, 2013 13:03