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  • SPECIAL REPORT-The man who cost Greece billions Monday, 20 Jul 2015 | 5:29 AM ET

    ATHENS, July 20- Once again Alexis Tsipras was struggling to make a decision. For hours on July 13, the Greek prime minister and Europe's leaders had been trying to thrash out a new deal to bail out bankrupt Greece and keep the country in the euro zone. Now a clean copy of the latest text had been printed, and German Chancellor Angela Merkel, French President Francois...

  • The reason, they believe, is a combination of sanctions against Russia over its actions in Ukraine and rising hostility to Russia in the West seeping into the scientific community. Since Russia annexed Crimea last year, it has become almost impossible for scientists in Russia to buy anything in the United States or Japan that has a dual purpose, said physicist...

  • UPDATE 4-Oil steadies as Saudi crude exports fall Monday, 20 Jul 2015 | 4:41 AM ET

    LONDON, July 20- Oil prices steadied on Monday after data showing a sharp drop in Saudi Arabia's crude oil exports balanced signs of rising refined products stocks. Brent crude for September was 5 cents up at $57.15 a barrel by 0825 GMT. Oil prices have fallen for three weeks in a row on expectations of increased exports from Iran following a deal to ease sanctions...

  • Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. Should WTI get back to a level seen last month around $60 a barrel, "U.S. producers will...

  • U.S. crude was down 5 cents at $50.84 by 0056 GMT, after falling more than 3 percent last week and more than 14 percent in July. Schlumberger NV said it is betting on an uptick in demand in coming quarters for oilfield services in North America, a market that has been battered by a steep drop in oil prices. Money managers cut their net long U.S. crude futures and options...

  • TBILISI, Georgia— Hundreds of people are demonstrating outside government headquarters in the former Soviet republic of Georgia, urging authorities to halt talks with Russia in the wake of recent claims that Russia is seizing more Georgian territory. The Saturday demonstration came after Georgia said this week that Russian forces in the breakaway...

  • Iran is opening for business—unless you're from US Friday, 17 Jul 2015 | 12:59 PM ET
    Two veiled women look at smart phone brands in Paytakht computer mall in Tehran, Iran.

    European and Asian business could pour into Iran if sanctions are lifted, but U.S. law would keep most Americans on the sidelines.

  • *Opel originally planned to sell over 80,000 cars in Russia. BERLIN, July 17- General Motors' Opel division said on Friday it will cut production at two German factories as it grapples with lost volume after exiting the plunging Russian market. Opel, which had originally planned to sell over 80,000 cars in Russia this year, aims to shorten hours at its main plant in...

  • MH17: One year on Friday, 17 Jul 2015 | 7:41 AM ET
    Ukrainian rescue servicemen look through the wreckage of Malaysia Airlines flight MH17 in Grabovo, Ukraine.

    Flight MH17 was shot down a year ago. We recap the events and how the Ukrainian crisis has changed since then.

  • SYDNEY— Tearful relatives of several Australians who were flying on the Malaysian jetliner that was shot down over eastern Ukraine a year ago gathered for a memorial service Friday that included the unveiling of a plaque set in soil from the place where they died. There were 38 Australian citizens and permanent residents among the 298 people on Malaysia...

  • *OPEC secretary-general to visit Moscow. *Russia, Saudi Arabia had agreed that oil output cut unnecessary. MOSCOW, July 17- Russia and OPEC Secretary-General Abdullah al-Badri will discuss oil markets and the Iran situation in Moscow on July 30 amid sliding oil prices, Russian Energy Minister Alexander Novak said.

  • Iran deal may hurt Russia in more ways than one Thursday, 16 Jul 2015 | 11:31 AM ET
    A worker inspects valves and pipes at an oil gathering station in Russia.

    The landmark nuclear deal with Iran will mean more business for Iranian oil companies, and a potential hit for Russia's exports.

  • MOSCOW/ PRAGUE, July 16- Russia's plans to drop Ukraine as a route for pumping natural gas to Europe will still leave state-run Gazprom facing about $1 billion in annual transit fees to Slovakia and Bulgaria for years to come, analysts and industry sources say. Billions of euros will be needed to build and expand alternative routes, and the route of the existing...

  • Did the fall of the Berlin Wall help end Apartheid? Thursday, 16 Jul 2015 | 1:02 AM ET
    Nelson Mandela and Frederik de Klerk shake hands on the eve before receiving jointly the Nobel Peace prize in 1993.

    The collapse of the Soviet Union helped topple Apartheid by removing the global threat of Communism, the country's last white president told CNBC.

  • Ukraine leader blasts Greek 'brinkmanship game' Wednesday, 15 Jul 2015 | 12:45 PM ET
    Ukrainian Prime Minister Arseniy Yatsenyuk speaks at the first U.S.-Ukraine Business Forum, co-hosted by the U.S. Chamber of Commerce and the Department of Commerce, July 13, 2015, in Washington.

    "It's entirely different cases," says Ukraine's Arseniy Yatsenyuk of his own country and Greece. "And we do not blackmail anyone."

  • In Iran deal, the whole world wins Tuesday, 14 Jul 2015 | 3:52 PM ET
    Secretary of State John Kerry reacts as he delivers a statement on the Iran talks deal at the Vienna International Center in Vienna, Austria July 14, 2015.

    Iran's historic deal will pay dividends for its neighbors and will spur economic growth in markets the world over, says trader Naeem Aslam.

  • Russia seeks gains to ease possible pain from Iran deal Tuesday, 14 Jul 2015 | 12:24 PM ET

    *Russia wants arms, nuclear energy deals with Iran. MOSCOW, July 14- President Vladimir Putin urged the world to celebrate Tuesday's six-power nuclear deal with Iran, but the agreement carries risks for Russia because it could drive down oil prices. Unsurprisingly, the Kremlin chose to stress the positives from the deal, clinched after marathon talks in Vienna...

  • Three things China needs to do right now Tuesday, 14 Jul 2015 | 10:12 AM ET
    An investor reacts inside a brokerage firm on July 8, 2015 in Shanghai, China.

    China needs to take these three steps to restore its markets and investor confidence, says Curtis Chin.

  • FRANKFURT, July 14- The New York State Department of Financial Services has asked Deutsche Bank for detailed information on possible money-laundering transactions by some of its clients in Russia that could exceed $6 billion in total, a source familiar with the matter said. Deutsche Bank reiterated on Tuesday it had placed on leave a small number of Moscow...

  • MOSCOW, July 14- Russia's floundering auto market could stabilise in the second half of this year, the head of Ford Motor Co's Russian venture told the Vedomosti newspaper on Tuesday, halting a slide in sales fuelled by the country's economic downturn. After years of growth in excess of 10 percent, car sales in Russia nose-dived in 2014 as the economy weakened, hit...