With oil's price collapse, we can now declare that OPEC's reign as king of the market is over.» Read More
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.
PARSIPPANY, N.J.-- Shares of Watson Pharmaceuticals Inc. reached new highs Tuesday after the Federal Trade Commission cleared its acquisition of Swiss drugmaker Actavis Group. Watson and Actavis will sell three approved products to Sandoz, a unit of Novartis AG, including generic versions of the antidepressant Wellbutrin XL and the anxiety drug Ativan.
MOSCOW-- President Vladimir Putin has urged Russia's intelligence agencies, police and military to clamp down on terrorism to prevent violence at the 2014 Winter Games in Sochi and other international events in Russia.
Russia's Prime Minister Dmitry Medvedev declared war on tobacco Tuesday, calling for a ban on tobacco advertising, an end to smoking in public and a rise in the price of a pack. Russia's smoking rates are among the world's highest, led by the central Pacific island nation of Kiribati where 57 percent of the adult population lights up.
The silver and wood-framed memento was given by President John F. Kennedy to Secretary of Defense Robert McNamara to mark the October 1962 Cuban missile crisis. Sotheby's is opening the collection for public viewing on Tuesday, and the auction is scheduled for Oct. 23.
BATUMI, Georgia-- Georgia's Black Sea resort of Batumi was once a bleak site: Roads were dotted with potholes, the city was pitch dark at night, running water was scarce and the city's best hotel was infested with rats.
MOSCOW-- Russia's Prime Minister Dmitry Medvedev on Tuesday called for a ban on all tobacco ads, as the government prepares a bill that would also phase out smoking in public. World Health Organization says that some 40 percent of Russia's adult population smokes, one of the highest rates in the world.
Jim Rogers would rather invest in Russia than the U.S. stock market, the noted investor told CNBC’s “Closing Bell” on Monday.
Spanish Prime Minister Mariano Rajoy has deferred seeking help from a financial assistance program that Europe has tailored to Spain’s needs. But many are increasingly worried about the costs of further delay.
Last month's average temperature was 60.2 degrees Fahrenheit worldwide, which is 1.2 degrees above normal, the National Oceanic and Atmospheric Administration said Monday. NOAA climate monitoring chief Deke Arndt said it may be worth studying why September, more than other months, keeps setting world records.
"Promises that the new government will stop saving and start spending big-time are unrealistic," said Nerijus Maciulis, analyst at Swedbank. " Otherwise Lithuania will soon find itself in a situation similar to Greece. "
BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
VILNIUS, Lithuania-- Lithuanians have dealt a blow to the conservative government's vision of a nation that would become a regional energy powerhouse and a member of the euro. Instead, they voted Sunday for politicians likely to dump austerity and rejected a plan to build a nuclear plant that could have made the country a net energy exporter.
Mark Mobius, Templeton Emerging Markets Group, discusses the best places to invest around the world.
All three parties promised radical policy changes, including increased wages and lower taxes, while the Social Democrats said that Lithuania should postpone introducing the euro until Europe could straighten out its current financial mess.
VILNIUS, Lithuania-- Opposition populists and leftists in crisis-worn Lithuania hinted they were prepared to form a government coalition after an exit poll late Sunday indicated their parties would take first and second place in the country's parliamentary elections.
ANKARA, Turkey-- Passengers, some in a panic, were evacuated from a plane at Turkey's Antalya airport early Sunday after crew members reported smoke inside the cockpit, airline officials and state media said.
MOSCOW, Oct 12- TNK-BP will appoint its former head of power and gas to temporarily run the upstream division after the departure of Alexander Dodds, two sources close to the Anglo-Russian oil venture said on Friday.
MOSCOW, Oct 12- TNK-BP will appoint its former head of power and gas to run the upstream division after the departure of Alexander Dodds, two sources close to the Anglo-Russian oil venture said on Friday.
By Maya Dyakina and Zlata Garasyuta. MOSCOW, Oct 12- Russian stocks ended the week in the red with miners pressured by concerns over the global economic outlook and as investors stocked up with cash ahead of public share offerings. Metal and mining companies were in the firing line, with Novolipetsk Steel.