Kremlin: Italian president to visit Russia

Monday, July 14th, 2008

Italian President Giorgio Napolitano will make an official visit to Russia this week, the Kremlin said on Monday. Napolitano will visit Russia from Tuesday to Friday at the invitation of Russian President Dmitry Medvedev. Th ...

Argentine farmers warn to resume protest against tax hikes

Friday, July 11th, 2008

Argentine agriculture and livestock produce organizations warned Thursday that it would resume next Tuesday nationwide protests against the contentious grain export tax bill. Farmers and other rural producers said that next Tuesday ...

Wall Street higher as oil further declines

Wednesday, July 9th, 2008

Wall Street saw another choppy session and moved slightly higher Tuesday as oil extended Monday's losses. Light, sweet crude fell 5.66 U.S. dollars to 135.71 dollars a barrel in early trading on the New York Mercantile Exchange, aft ...

Siemens announces big job cuts

Wednesday, July 9th, 2008

German engineering giant Siemens announced Tuesday that it will cut almost 17,000 positions from its global workforce in an effort to streamline operations. Siemens plans to slash 4.2 percent of its global 435,000-strongworkforce an ...

Ukrainian company says it owes $897 mln to gas intermediary

Wednesday, July 9th, 2008

Ukraine's state oil and gas company Naftogaz said on Tuesday it owes the gas trade intermediary RosUkrEnergo, 50 percent owned by Russian energy firm Gazprom, 897million U.S. dollars. "As of July 1 this year, the debt of Naftogaz to ...

EU to step up regulation of credit rating agencies

Wednesday, July 9th, 2008

European Union (EU) finance ministers agreed on Tuesday to step up the regulation of credit rating agencies by requiring them to register in Europe. "There is an agreement on rating agencies," French Finance Minister Christine Lagar ...

EP adopts legislation to include aviation in ETS from 2012

Wednesday, July 9th, 2008

The European Parliament (EP) adopted on Tuesday a legislation on including aviation in the European Union's Emissions Trading System (ETS) from 2012. The EP passed the legislation with a vote of 640 in favor, 30 against and 20 abste ...

EU finance ministers agree to publish weekly oil stocks data

Wednesday, July 9th, 2008

European Union (EU) finance ministers agreed on Tuesday to publish oil stocks data on weekly basis in an effort to improve market transparency in face of soaring oil prices. "We now have political agreement on improving transparency ...