Asia Top News and Analysis Russia


  • Russia's TV ad market is heating up. Here's how you play it.

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    Venezuela is seeking to remove Exxon Mobil as the operator of its joint-venture refinery in Chalmette, Louisiana, Oil Minister Rafael Ramirez said Wednesday.

  • Got milk? Wimm Bill Dann does, and the West is taking notice.

  • European shares snapped a two-day winning streak to end Tuesday 1 percent lower, led down by banks on persistent worries of more losses from a global credit crisis, and by weakness in technology shares.

  • U.S. private equity firm TPG is planning to announce that it is buying half of SIA  Iternational, Russia's largest pharmaceutical distributor, for $800 million, the Wall Street Journal reported on its Web site.

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    The European Union is unveiling plans Monday to allow passengers on flights in European airspace to use mobile telephones.

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    A breakup of Swiss bank UBS would not be possible at the moment but it should be thoroughly restructured to bring it back on course, Luqman Arnold, chairman of investment company Olivant and former president of UBS, told CNBC Europe.

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    Are hedge funds and investment banks unfairly driving up fuel costs for families in the U.S. -- or are soaring energy prices the result of a strong global economy and a free financial system? Industry officials are debating the question -- and will present their arguments to CNBC on Thursday.

  • European stocks closed slightly lower Friday, as hopes for a near-term interest rate cut from the European Central Bank diminished on signs of growing inflation pressures in the euro zone.

  • Russia raised pressure on BP's joint venture on Tuesday as the Interior Ministry said it was probing a big tax evasion case while TNK-BP itself said it is struggling to renew visas for almost 150 employees from BP.

  • What do falling commodity prices mean for emerging market economies?

  • China's Ping An Insurance Co deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for 2.15 billion euros ($3.4 billion).

  • Financial trading and interbank lending almost ground to a halt on Monday as banks grew  fearful of dealing with each other following Friday's near collapse of U.S. investment firm Bear Stearns, prompting talk of another round of coordinated central bank aid.

  • The 28,000 delegates can now start to discuss the real issue of the day. Who will throw the most fabulous party? And more importantly: how the devil are they making enough money to pay for it?

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    European Central Bank President Jean-Claude Trichet said on Monday that the bank is currently concerned about excessive movements in currency exchange rates which are undesirable for economic growth.

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    Continued military tensions between Colombia and its neighbors Venezuela and Ecuador--both OPEC members--are expected to keep upward pressure on oil prices. But analysts say it won't cause a significant spike in crude as long as armed conflict is avoided.

  • Tough talks lie ahead to underpin the latest deal to ensure uninterrupted gas supplies from Russia to Ukraine and onward to West European customers, with no guarantees against a new row between the two ex-Soviet states.

  • Russia's Gazprom and Ukraine's Naftogaz agreed on Wednesday to restore full gas supplies to Ukraine two days after the giant Russian export monopoly cut back shipments in a price dispute, Naftogaz said.

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    Strong domestic consumption, booming demand for commodities and a developing infrastructure continue to provide the catalysts for solid returns on investment in Russia, even after Dmitry Medvedev swept to power as the country’s new president, analysts told

  • Norwegian oil group StatoilHydro agreed to buy stakes in projects in Brazil and the U.S. Gulf of Mexico from U.S. group Anadarko for up to $2.1 billion, expanding its international portfolio.