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Business Last Updated: Sep 22, 2014 - 7:50:35 AM


Business
Excessive Deficit Fine Looms Over France
France could face a fine of at least 4 billion for its excessive budget deficit.

Sep 22, 2014 - 7:31:06 AM

Business
The Solution to Italian Woes is Quite Simple , Leave the Euro
Unless something big starts to change soon, Italy is on course for the mother and father of a sovereign default If the eurozone implodes, Britain will go with it. "What Italy needs most immediately is decent economic growth"

Sep 22, 2014 - 7:23:10 AM

Business
U.S. Sanctions Force Exxon to Halt Oil Drilling in Russian Arctic
Exxon Mobil said Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations.

Sep 22, 2014 - 7:17:46 AM

Business
New Russian Budget Faces Sanctions-Squeezed Future
Russia approved a fragile budget on Thursday that promises to cover generous social spending and control borrowing, but relies on high oil prices and reserves to try to overcome the economic damage of Western sanctions.

Sep 20, 2014 - 9:26:48 AM

Business
Bashneft: Tasty Oil Asset at Heart of Russian Power Struggle
As little as 10 weeks ago, mid-sized producer Bashneft was one of Russia's fastest-growing oil companies, much-loved by investors and with an impressive record of increasing production.

Sep 20, 2014 - 9:18:39 AM

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