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  • Bailout, layoffs: New pain ahead for EU carmakers Wednesday, 24 Oct 2012 | 12:32 AM ET

    PARIS-- The extent of the European car industry's troubles was laid bare Wednesday, when France's government tossed a financial lifeline to the continent's No. 2 automaker, Peugeot Citroen, and Ford said it would shut a plant in Belgium, cutting 9,500 jobs.

  • NEW YORK, Oct 23- Rosneft will eclipse the Western supermajors in crude output once the Russian state-controlled oil producer takes over rival TNK-BP, but despite its size, the company will hardly punch its weight in energy trading.

  • BUENOS AIRES, Oct 23- Flooding in Argentina's Pampas grains belt has allowed fungus-based diseases to attack wheat crops already hobbled by scant planting while more wet weather puts off soy and corn seeding until next week, analysts said on Tuesday.

  • *Gazprom's exports to Europe set to fall this year. BOVANENKOVO/NOVO-OGARYOVO, Russia, Oct 23- P resident Vladimir Putin ordered a rethink of Russia's natural gas export policy to take advantage of rising Asian demand, as giant producer Gazprom launched a huge Arctic field to supply Europe, where demand is falling.

  • The top world oil producers at a glance Tuesday, 23 Oct 2012 | 2:44 PM ET

    A four-year boom in U.S. oil production is accelerating so fast it could help soon make the U.S. the world's top producer of oil and liquid hydrocarbons. The U.S. passed Russia this year, and is now second behind Saudi Arabia. Source: U.S. Energy Information Administration.

  • Russian brochure depicts migrants as tools Tuesday, 23 Oct 2012 | 12:56 AM ET

    ST. PETERSBURG, Russia-- It was intended as a friendly guide to Russia for labor migrants from Central Asia, but instead it turned into an insult. The government of Tajikistan formally urged Russian authorities to remove the book from circulation, and representatives of the Uzbek community voiced their outrage.

  • Faber Report: Petronas, Progress to Meet on Deal   Monday, 22 Oct 2012 | 9:40 AM ET
    Faber Report: Petronas, Progress to Meet on Deal

    CNBC's David Faber reports Petronas is meeting with Canadian officials to better understand the country's acquisition requirements.

  • On the Call: GE CEO Jeff Immelt Friday, 19 Oct 2012 | 1:08 PM ET

    General Electric reported strong profit growth in the third quarter, but revenue was below expectations and investors were concerned about the company's tepid growth forecast for 2013..

  • Russia could lower its stake in oil giant Rosneft Friday, 19 Oct 2012 | 8:18 AM ET

    MOSCOW-- Russia's Deputy Prime Minister Igor Shuvalov says the government might sell some of its shares in state-owned oil giant Rosneft. The Russian government owns about 75 percent of Rosneft and has been planning to lower its stake to 50 percent plus one share.

  • Russian police arrest TNK-BP manager Friday, 19 Oct 2012 | 4:56 AM ET

    MOSCOW-- Russian police have arrested a government relations manager at British-Russian oil venture TNK-BP on suspicion of fraud. The manager, identified by TNK-BP as Igor Korneyev, is suspected of receiving 3 million rubles as an advance payment for arranging jobs in the Russian presidential administration.

  • GE 3Q earnings rise; revenue disappoints Friday, 19 Oct 2012 | 12:49 AM ET

    NEW YORK-- General Electric Co.' s transformation into a more simple industrial company seems to be helping its bottom line. GE's net income rose 49 percent in the third quarter to $3.49 billion, or 33 cents per share. During the financial crisis, investors worried that its enormous banking arm, GE Capital, would fail.

  • News Summary: Paydirt nears in Kazak superfield Thursday, 18 Oct 2012 | 2:28 PM ET

    ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • News Summary: Russia sees no monopoly on Rosneft Thursday, 18 Oct 2012 | 2:17 PM ET

    BP BACKS OUT: After years of clashing with the other half of the joint venture TNK-BP, BP said in June that it would dump its 50 percent stake. TNK-BP, Russia's third largest energy producer in terms of production, is jointly owned by BP and AAR, a group of Russian billionaires.

  • Two days after NHL offer, union set to have a say Thursday, 18 Oct 2012 | 10:01 AM ET

    On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • Russian govt downplays Rosneft expansion concerns Thursday, 18 Oct 2012 | 3:08 AM ET

    MOSCOW-- Russia on Thursday downplayed concerns that Rosneft's possible purchase of BP's stake in the joint venture TNK-BP, which analysts say would reshape the country's oil industry and create the world's biggest oil and gas company, is likely to threaten competition.

  • First oil nears for Kazakhstan's supergiant field Thursday, 18 Oct 2012 | 3:03 AM ET

    KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • Syria's wealthy businesses feel civil war squeeze Wednesday, 17 Oct 2012 | 3:17 PM ET

    CAIRO-- Syria's wealthy, long cultivated by President Bashar Assad as a support for his regime, are seeing their businesses pummeled by the bloody civil war. Assad may not have lost the backing of Syria's business elite, but some are losing faith.

  • NHL releases details of latest offer to NHLPA Wednesday, 17 Oct 2012 | 11:56 AM ET

    TORONTO-- The NHL has released details of its latest collective bargaining proposal to the public. In an unprecedented move, the league has published the documents it handed over to the NHL Players' Association on Tuesday in an attempt to save a full 82- game season and end the third lockout of Commissioner Gary Bettman's tenure.

  • Cyprus: talks to seal bailout deal next week Wednesday, 17 Oct 2012 | 10:36 AM ET

    NICOSIA, Cyprus-- Cyprus' finance minister says he expects the final round of talks with potential creditors on a bailout agreement to start next week. Vassos Shiarly said there's no specific date when officials from the so-called troika _ the European Commission, the European Central Bank and the International Monetary Fund _ will arrive here.

  • Nike signs uniform deal with IOC Wednesday, 17 Oct 2012 | 7:29 AM ET

    The International Olympic Committee has signed a deal with U.S. sportswear giant Nike to supply uniforms and products to members and staff. IOC members will wear Nike outfits at the 2014 Winter Games in Sochi, Russia, and 2016 Summer Olympics in Rio de Janeiro, as well as various other meetings and events.