The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk.» Read More
As Russia moves to lure foreign investors, some strategists see the Russian bear as the emerging market bull for 2011.
The strategist known for coining 'BRICs' shares his insight for the next batch of "growing economies" in 2011.
Apple will buy Facebook, Congress will block a third round of quantitative easing and the S&P will reach a new all-time high. These are just some of the outrageous predictions for 2011 put forward by Saxo Bank in its annual "Black Swan Exercise."
As I sat watching a video of Vladimir Putin warble "Blueberry Hill" this weekend, I couldn't help but think, what would Ronald Reagan say?
The euro once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness, reports the New York Times.
As the S&P 500 index rose by 1 percent Thursday, these market movers caught the attention of the "Fast Money" traders.
A trade war over the weak dollar, a building boom for nuclear-power plants and major state and municpal debt defaults.
Fear of political instability and corruption allegations have kept many investors away from Russia, but now could be the time to take advantage of the emerging market as Europe is in the grip of a debt crisis and valuations are cheap, Roland Nash, chief strategist at Renaissance Capital, told CNBC Wednesday.
The road into town is a potholed track, passing villages of log cabins and fallow fields that speak to the poverty that has gripped this part of central Russia for as long as anyone can remember. The New York Times reports.
the New York Times reports.
When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.
Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.
A spokesman for Alexander Lebedev says the Russian banking and media tycoon is being held inside the Moscow headquarters of a bank he owns while masked police rifle through company files.
Two volcanoes erupted Thursday on Russia's far-eastern Kamchatka Peninsula, tossing massive ash clouds miles into the air, forcing flights to divert and blanketing one town with thick, heavy ash.
Spam around the world dropped by an estimated one-fifth after Russia’s pursuit of a suspected spam kingpin, reports The New York Times.
The man who coined the term BRIC told CNBC Thursday that investing in China remains a solid bet, particularly if the Asian nation takes definitive steps to spur consumer spending.
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.
A London-based asset manager slammed a decision by Russia's Supreme Commercial Court Friday to uphold a refusal by a Russian businessman to buy out minority shareholders in a privatized energy company.
Despite mounting public protests across the Continent, an austerity drive unparalleled in modern, united Europe is building, reports the New York Times.
Economic growth in Georgia is on track to reach 4.5 percent next year and could double by 2012-2013 as tourism, the banking sector and exports advance and foreign direct investment grows, the country’s Prime Minister told CNBC in an exclusive interview on Thursday.