Finance

25.05.2012 19:53 10 comments $10 million a year: the average salary of an American CEO If you weren’t sold on the whole Occupy Wall Street thing before, then listen up — despite the United States still in the process of picking itself out of a major recession, the average corporate CEO raked in nearly $10 million apiece in 2011.		25.05.2012 10:14 2 comments Market Buzz: No bad news is good news for investors Russian stocks are likely to open higher on Friday amid a relatively positive global background, though a downtrend persists on the markets.
24.05.2012 14:13 3 comments AliExpress to offer Russians more ‘made in China’ Russians are to get direct access to the world’s biggest online trading platform – China’s AliExpress. Now the company has joined Russia’s leader of electronic payments QIWI, buying Chinese will become even cheaper and easier.		24.05.2012 09:45 1 comment Market Buzz: Stricken by dither over Greece Russian stocks are expected to remain in the red Thursday, as the EU summit held in Brussels a day earlier added to the fears of a messy Greek exit from the Euro. Falling oil, that sank to its lowest this year Wednesday, is also pressing the stocks.
23.05.2012 16:36 1 comment LSE chief: Russia ‘perfect match’ for Europe While investor funds in Europe are abundant, lack of growth at home is making them look overseas for the most profitable use of their money. Here Russia comes as the best fit, Xavier Rolet, chief of the London Stock Exchange (LSE) told Business RT.		22.05.2012 20:10 4 comments Greece’s banking industry secretly gets €100 billion Greece's struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT.
22.05.2012 17:02 1 comment Robin Hood gesture: Tesco CEO waives $588,000 bonus Tesco chief Philip Clarke has turned down an annual bonus of $588,000 as he was disappointed by weak performance from the world’s third-largest retailer at the British market.		22.05.2012 16:04 6 comments Make up or break up dither ‘killing EU’ Comparing the EU with a push-me-pull-you beast, political risk consultant Dr. John Hulsman predicts that the union should either go for further substantial integration and unification, or cease to exist as a geopolitical entity. Eurozone crisis
22.05.2012 14:56 5 comments Asia has it too: Fitch downgrades Japan Clouds are gathering over the land of the Rising Sun as Fitch rating agency has downgraded the sovereign credit rating of Japan and revised its outlook to negative.		21.05.2012 15:42 1 comment Facebook IPO gains to exceed commodity profits of Russian moguls It is not just commodities that create fortunes for Russian businessmen. Investment into the world’s most popular social network Facebook could bring tycoons Alisher Usmanov and Yuri Milner billions in the aftermath of the site’s huge IPO.
21.05.2012 09:45 1 comment Market Buzz: Greek uncertainty protracts Russia floors are expected to be largely following sinking world stocks, with investors unconvinced that the world's major economies nailed a solution to the European debt crisis at a Camp David summit on weekend.		18.05.2012 15:44 4 comments JPMorgan loss: Even worse than we thought? As the largest US financial firm by assets struggles to contain damage which has already cost it more than $25 bln in shareholder value, the Wall Street Journal has provided new details on the scope of JPMorgan’s losses.
18.05.2012 15:28 4 comments Russia regains luxury status Russia is returning to the list of top luxury markets, according to consulting company Bain&Co. With sales of high-end items set to grow by up to 20% in 2012, the country is now snapping at the heels of China – the most luxury-addicted nation.		18.05.2012 00:47 9 comments Moody’s cuts ratings of 16 Spanish banks The European banking industry has suffered another crushing blow after Moody’s ratings agency downgraded the credit ratings of 16 Spanish banks, citing the weakened government’s ability to support some banks. Eurozone crisis
17.05.2012 18:35 2 comments France says no to thrifty policy France won’t ratify the European fiscal pact for tighter budgetary policy unless commitments to promote economic growth are included, according to the country's new finance minister, Pierre Moscovici.		17.05.2012 16:37 3 comments Canadian dollar to give Iceland helping hand Iceland would be better off replacing its currency with the Canadian dollar. So say Icelandic economists, who believe the move - which remains a possibility - would help stabilize the small northern country's ailing economy. Eurozone crisis
17.05.2012 15:07 6 comments Grexit could have Lehman effect - experts Greece’s departure from the eurozone could create a domino effect for debt-choked Portugal, Spain and Italy, similar to that caused by the Lehman Brothers bankruptcy in 2008, experts say.		17.05.2012 14:58 2 comments Facebook IPO: The final countdown As time runs out ahead of the most hotly anticipated IPO in years, the Facebook deal keeps on broadening. Stock on offer will be increased 25% as demand booms. Coupled with good pricing, it could make the offering one of the biggest ever.
17.05.2012 11:53 8 comments ‘Euro faces existential crisis Brussels was oblivious to’ European politicians failed to see that the single currency’s existence is in peril, trying to blame the system’s failures on individual countries, Aditya Chakrabortty, lead economics writer for The Guardian newspaper, told RT. Eurozone crisis		17.05.2012 11:44 6 comments ‘No difference between giving money to Karzai govt and burning it’ Despite its own financial woes and public discontent, Germany is giving early 150 million euro in support to Afghanistan. But critics say it is like throwing money out the window.

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