Russia's Lukoil sells filling stations in Ukraine
Russia's Lukoil said it had reached preliminary agreement to sell its network of filling stations in Ukraine, days after radical nationalists there tried to extort fuel from the company.
31 July 2014 15:02
Argentina faces default as 'vulture fund' talks fail
Last-ditch talks between Argentina and the US hedge funds it has branded "vultures" failed to reach agreement Wednesday, effectively pushing the country into default.
31 July 2014 11:12
Beef exporter confidence returns in land of the holy cow
When Hindu hardliner Narendra Modi attacked India's huge beef exports while campaigning to be premier, producers feared bad times ahead for the industry in the land where cows are sacred.
31 July 2014 10:45
Bank of Cyprus completes $1 bn private share placement
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014 04:43
With new default looming, Argentina urges calm
Argentina admitted it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge funds demanding full payment on their bonds.
29 July 2014 16:16
Airbus cancels order for six A380s from Skymark
Airbus has cancelled an order for six A380 superjumbos from Skymark Airlines because the Japanese company is facing financial difficulties, French daily Les Echos reported.
29 July 2014 14:29
Russia ordered to pay Yukos shareholders $50 billion
The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50 billion in compensation over its seizure of the one-time oil giant, main shareholder GML Ltd said in London
US food firm sorry over China 'bad meat' scandal
The US food supplier at the centre of an expired meat scandal in China has apologised, as KFC and Pizza Hut's parent company said it would stop using the firm's products in the key Chinese market.
Kazakhstan and Russia discuss extending sales contract for Karachaganak gas
Since 2002 Gazprom of Russia and KazMunaiGas National Oil Company have been cooperating within a JV KazRosGas to sell gas from Karachaganak field, send it to Russia’s Orenburg-based gas treatment facility to be further sold to consumers both in Kazakhstan and Russia.
Central Bank Governor advises against borrowing
According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
