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  • Stock Market Tumble Could Be Bad Omen for Russia Friday, 21 Jun 2013 | 2:51 PM ET

    As Russia's stock market tanks to a 12-month low, business leaders are divided on why the market sold off.

  • Small Planes, Big Fight: Beechcraft vs Embraer Friday, 21 Jun 2013 | 1:41 PM ET

    The U.S. government was wrong to purchase foreign aircrafts for its operations in Afghanistan, the CEO of Beechcraft told CNBC this week.

  • An attendee pauses in front of a display at a Mediobanca meeting.

    Mediobanca, under pressure to improve returns for shareholders, plans to sell almost all of its stakes in major companies, ending half a century of influence at the heart of Italian business to focus on banking.

  • Russia doesn't have a magic wand to create growth but a multi-billion dollar investment program could help revive economic growth, Russian President Vladimir Putin said on Friday.

  • Global Expansion? We’d Rather Stick With Russia: MTS Friday, 21 Jun 2013 | 10:04 AM ET
    Private mobile WiFi hotspots, which allow wireless devices to connect to the Internet, are restricted. Although use of tablets and smartphones is allowed in the venues, these devices cannot be used as wireless access points. Because London’s wireless system is likely to be strained during major events, has focused on an attempt to reduce overall bandwidth use.

    Relaxed legislation and booming profits are just two reasons why Russia's biggest mobile service provider will not bother expanding into other countries, the firm's chief executive said.

  • German Chancellor Angela Merkel, speaks in front of a flag of the European Union

    German Chancellor Angela Merkel said that austerity must continue in the euro zone to regain the trust of international investors.

  • Trouble Brewing: Greek Tragedy Mark Two? Friday, 21 Jun 2013 | 6:55 AM ET

    Greece is facing another political crisis and a risk of a suspension of the IMF's bailout money.

  • A majority of lawmakers from Greece's Democratic Left party, a junior partner in the ruling coalition, are in favour of withdrawing from the government, a party official told reporters on Friday.

  • Pre-Takeover Cadbury’s Tax Avoidance Exposed Friday, 21 Jun 2013 | 4:00 AM ET

    An investigation into the tax affairs of Cadbury's – known for its philanthropic ethos – has uncovered tax avoidance schemes former senior executives admit were “highly aggressive”, the FT reports.

  • Greece Aid Suspension Talk 'Premature': IMF's Lipton Friday, 21 Jun 2013 | 2:49 AM ET

    Talk of a suspension of bailout money to struggling euro zone country Greece is "premature", according to a senior International Monetary Fund (IMF) official.

  • EU to Decide Who Pays When Banks Fail Friday, 21 Jun 2013 | 2:30 AM ET
    A man holds a protest sign that says " no to the shutting down of banks"

    The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.

  • Rusal CEO: Investors Need to Relax Thursday, 20 Jun 2013 | 12:16 PM ET

    Investors need to calm down and act rationally, Oleg Deripaska, the CEO of the world's largest aluminum company Rusal, said on Thursday.

  • Is This Man Russia's Next Leader? Thursday, 20 Jun 2013 | 8:18 AM ET

    Alexei Kudrin is widely tipped to be Russia's next prime minister. The only trouble is, he might not want the job.

  • SNB Says it Is 'Far Away' From Ending Currency Cap Thursday, 20 Jun 2013 | 7:46 AM ET

    The Swiss National Bank said it was far from ready to end its unconventional policy measures, on Thursday, unlike the U.S. Federal Reserve.

  • Syria's Assad Is Facing a Currency Crisis Thursday, 20 Jun 2013 | 6:54 AM ET

    Even as President Bashar al-Assad of Syria is proclaiming battlefield momentum against the insurgency with the help of his Hezbollah ally, he appears to be facing a new threat: a rapidly weakening currency that has unnerved many Syrians, the NYT reports.

  • Russia's Richest Man Supports the Fed Decision Thursday, 20 Jun 2013 | 5:55 AM ET

    Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.

  • Arsenal's Usmanov Backs Rooney Transfer Thursday, 20 Jun 2013 | 5:45 AM ET

    Manchester United striker Wayne Rooney could be the ideal signing for Arsenal, according to Russian billionaire Alisher Usmanov, the Premier League soccer club's second-biggest shareholder.

  • Euro Zone: Downturn Eases but Outlook Still Bleak Thursday, 20 Jun 2013 | 5:37 AM ET

    Pressure on services and manufacturing activity in the euro zone eased more than expected in June, and while a full recovery is a long way off, analysts said the signs point to a more moderate downturn.

  • Alcatel Lucent Cost Cutting Gets Thumbs Up From Market Thursday, 20 Jun 2013 | 3:47 AM ET
    Alcatel Lucent

    Once-commanding giant of the technology world Alcatel Lucent announced a fresh cost cutting program on Wednesday as new CEO Michel Combes plans to turn around the company's fortunes.

  • UK Watchdog Details Bank Capital Shortfalls Thursday, 20 Jun 2013 | 3:10 AM ET
    Chancellor of the Exchequer George Osborne and Andrew Bailey, the Chief Executive of the Prudential Regulation Authority (PRA)

    The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.

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