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Spanish bank Bankia's headquarters in Madrid. (AFP Photo / Pierre-Philippe Marcou) 25.05.2012 15:23 1 comment

Bankia suspends shares, asks for 15 billion euro

Shares of Spain's fourth largest lender Bankia SA were suspended on the Madrid stock exchange on Friday as the bank is expected to ask for financial help from the Spanish Government totaling 15 billion euros.

 
Allison Joyce / Getty Images / AFP 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.

RIA Novosti / Iliya Pitalev 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.

 
Reuters/Luke MacGregor 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.

Mario Tama / Getty Images / AFP 23.05.2012 10:09 4 comments

Market Buzz: All eyes on EU summit

Investor attention will be directed to the EU leaders' summit in Brussels in the hope of seeing more debt-combating actions.

 
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange May 18, 2012 (Reuters/Remote/Marte Kiessling) 22.05.2012 10:09 1 comment

Market Buzz: Looking for a positive catalyst

Global stock markets which have been longing for a positive catalyst are mostly dominated by upbeat sentiment.

Justin Sullivan/Getty Images/AFP 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.

 
Zuckerberg’s surprise post-IPO wedding 20.05.2012 10:33 36 comments

Facebond: Zuckerberg’s surprise post-IPO wedding

A day after his company went public, founder and CEO Mark Zuckerberg updated his Facebook status to “married.” Zuckerberg wed 27-year-old Priscilla Chan, his girlfriend of nearly a decade, in a surprise ceremony in Palo Alto.

Facebook's share prices are seen inside the NASDAQ Marketsite in New York May 18, 2012 (Reuters/Shannon Stapleton) 19.05.2012 00:59 19 comments

Facebook IPO fail: Going the way of 'The Globe'?

It was the largest first-day gain of any IPO in the history of the US, let alone just Internet companies. And no, this isn’t another tale of Mark Zuckerberg’s rise from a lowly programmer to a Silicon Valley billionaire.

 
James Dimon (Mario Tama / Getty Images / AFP) 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.

RIA Novosti / Valeriy Levitin 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.

 
Justin Sullivan / Getty Images / AFP 18.05.2012 09:34 2 comments

Market Buzz: Deflated by negative news

Russian markets are likely to open lower on Friday amid a negative global background, while investors eye the results of the EU leaders’ videoconference.

Mario Tama / Getty Images / AFP 17.05.2012 09:29 2 comments

Market Buzz: Greece and oil change?

International news will continue to exert a major impact on Russian stocks. Falling oil prices and uncertainty around Greece are expected to keep the markets in the red.

 
Traders are pictured at their desks at the Frankfurt stock exchange May 8, 2012 (Reuters/Remote/Fabrizio Bensch) 16.05.2012 09:53

Market Buzz: Indices go zigzag

Russian markets could prove sensitive to the high volatility on global floors, particularly in Europe, with investors refraining from opening new positions.

The trading floor is pictured at the Frankfurt stock exchange (Reuters/Alex Domanski) 15.05.2012 09:59 1 comment

Market Buzz: Rolling down the Greek hill

Fears are running high over the Greek political stalemate and the disruptive impact of this on its eurozone neighbors, with analysts saying the markets will continue to move downwards on Tuesday.

Eurozone crisis
 
Reuters/Yannis Behrakis 14.05.2012 14:05 15 comments

European markets on verge of nervous breakdown over Greece

Growing worries about looming new elections in Greece and the country’s probable exit from the eurozone are bringing European shares down, while banks prepare for a return of the Greek drachma.

Spencer Platt/Getty Images/AFP 14.05.2012 10:38

Market Buzz: Under pressure from Greece and oil

Russian investors are expected to stick to prudent strategy and shed risky assets during the coming trading week. Lingering uncertainty about crisis-stricken Greece, as well as falling oil prices will be weighing on the floors.

 
Spencer Platt / Getty Images / AFP 12.05.2012 10:04

Market Buzz: Moscow’s lone trading 'under the red flag'

Russian markets are expected to remain in the red this Saturday, while international counterparts are shut for the weekend. JP Morgan Chase losses and poor stats from China, as well as lowering oil will be the main drivers, experts say.

Eduardo Saverin (Image from viralswagger.net) 12.05.2012 00:24 24 comments

Facebook co-founder renounces US citizenship on the eve of IPO

Eduardo Saverin will be doing a lot of long-distance poking from now on — and probably won't be giving the thumbs-up “like” to Uncle Sam. The billionaire co-founder of Facebook, Inc. has renounced his US citizenship.

 
AFP Photo / Shaun Curry 11.05.2012 19:24 5 comments

Russians launch mega share floats in London

Major Russian companies are still demonstrating a preference for floating shares on foreign exchanges, despite the efforts of Russian authorities to turn the country into a global financial center and make the Micex-RTS exchange more appealing to invest