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A man walks past a MTS shop in St.Petersburg March 18, 2013. REUTERS/Alexander Demianchuk

Russia’s MTS raises contract with Ericsson to over $1.5 billion

22/08/2014(0)
Russia’s biggest mobile phone operator MTS (MBT.N) (MTSS.MM) said on Friday it had increased its contract with Swedish telecom equipment supplier Ericsson (ERICb.ST) to more than $1.5 billion. MTS ... Read More
McDonalds

McDonald’s falls victim of US-Russian economic war

22/08/2014(0)
Having closed several McDonald’s restaurants in Moscow, Russia’s Federal Service for Consumer Rights Protection (Rospotrebnadzor) launched unscheduled inspections of the restaurants of the chain in the Sverdlovsk region of ... Read More
A view of the headquarters of German utility RWE in Essen November 14, 2013. REUTERS/Ina Fassbender

Germany approves RWE unit sale to Russian investor

22/08/2014(0)
Germany’s economy ministry will approve the sale of utility RWE’s (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions and sanctions between Russia and the West ... Read More
gas-tubes

China’s Natural Gas Demand Set to Triple by 2040

22/08/2014(0)
According to a new report from the U.S. Energy Information Administration, China’s demand for natural gas is set to triple over the next 25 years. Natural gas demand in China ... Read More
Bank of America

BofA settlement targets distressed borrowers

22/08/2014(0)
Bank must provide about $7 billion in aid to mortgage borrowers over four years. Bank of America’s $16.65 billion settlement with the federal and state authorities, targets low-income homeowners ... Read More
G20 - Finance Ministers and central bankers pose for the family portrait during the IMF/World Bank 2014 Spring Meeting in Washington

G20 towards deal on ‘bail-in’ bond cushion for banks

21/08/2014(0)
Government leaders are expected to agree in November that the world’s top banks must issue special bonds to increase the amount of capital which can be tapped in a ... Read More
bitcoin image

Why Bitcoin won’t be the money of the future – but cryptocurrencies might be

21/08/2014(0)
Proponents of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, evidence of a Bitcoin bubble and other problems. ... Read More
russia oil

Oil prices drop puts at risk Moscow’s Budget

21/08/2014(0)
Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price ... Read More
lloyds

Lloyds panel review enters final stage with one week until deadline

21/08/2014(0)
Firms vying for spots on Lloyds’ own-account panel have been given a week to file tender submissions to the bank in preparation for an October panel unveiling. Current panel ... Read More
Lujiazui Financial District in Pudong in Shanghai

China August HSBC Flash PMI Slips to Three-Month Low

21/08/2014(0)
Growth in China’s vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, reinforcing concerns about ... Read More
Broker Cyprus TopFX