Russia to Sell Off Stakes in State Companies
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Prime Vladimir Putin |
The Russian government, which just a few years ago was salting away billions of dollars in oil revenue, is now confronting such a gaping budget deficit that ministers approved a wide-ranging plan on Wednesday to sell off state property, senior officials said, according to New York Times.
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No Bailaout for Greece
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Vincent Stazione(Photo:Finnbets.com) |
The markets are behaving as if a European bailout deal for Greece could come as early as friday 5 th of March, but such a deal could be extremely damaging for the Euro, warns controversial trader and investment coach Vince Stanzione.
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Curtain goes down for Yulia Tymoshenko
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Julia Timochenko8Photo:PMO) |
The presidential election in Ukraine will most likely end with another huge fight. Viktor Yanukovych, a pro-Russia candidate, the leader of the Party of the Regions, is less than three percent ahead of Ukraine’s sitting Prime Minister Yulia Tymoshenko. All international observers from the OSCE, PACE and other Western institutions acknowledged that the presidential vote in Ukraine did not violate any international democratic standards. The media already refer to Yanukovych as Ukraine’s next president, reports Pravda.
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Dream Garden in Vence
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Jim Ritchie, left(Photo: From his Book) |
The french-canadian artist Jim Ritchie is in the process of writing " A Sculptural Life-his life and works " estimated publication date April 2010. The Norwegian investor Chrstian Ringnes, making a sculpture park in Oslo, the capital of the Northern Oil country Norway,is saying to Nordensnyheter that he has not yet visited Jimmmy Ritchies "Dream Garden" in Vence in France. Nordic-news.com has recently visited the artists sculpture-garden in France before the publication of his latest book, issued in April, reports Nordensnyheter.no.
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Statoil with Energy Partners sell Swedgas
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Ex Minister of Finance Pär Nuder(Photo:Riksdagen) |
EQT Infrastructure acquires Swedegas from E.ON Ruhrgas,Statoil, DONG Energy and Fortum.Swedegas is the owner and operator of the largest part of Sweden's gas transmission network located in southern and western Sweden. Swedegas is an essential part of Sweden's energy infrastructure and plays avital role in the supply of both energy and industrial feed stock in the region, writes Nordic news.com
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Obama Presses China on Rules for Monitoring Emissions Cuts
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President Hu Jintao (Photo:Unc.edu) |
—President Obama, speaking to world leaders gathered here at the frenzied end of two weeks of climate talks, urged them to come to an agreement — no matter how imperfect — to address global warming and monitor whether countries are in compliance with promised emissions cuts, reports New York times from Copenhagen.
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China and U.S. Hit Strident Impasse at Climate Talks
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Barrack Obama8Photo:USGov) |
China and the United States were at an impasse on Monday at the United Nationsclimate change conference here over how compliance with any treaty could be monitored and verified.China, which last month for the first time publicly announced a target for reducing the rate of growth of its greenhouse gas emissions, is refusing to accept any kind of international monitoring of its emissions levels, according to negotiators and observers here, writes New York Times.
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Chinese Car Maker To Get Part Of Saab
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CEO Jan Åle Jonsson(Photo:Saab) |
Beijing Automotive Industry Holding Co. has reached a tentative deal to acquire certain assets of General Motors Co.'s Saab unit, including intellectual property for two sedans and equipment to produce those cars, according to a person with direct knowledge of the agreement, writes Wall Street Journal.
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Interest Rates Are Low, but Banks Balk at Refinancing
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Barrack obama(Photo:US Gov9 |
Mortgage rates in the United States have dropped to their lowest levels since the 1940s, thanks to a trillion-dollar intervention by the federal government. Yet the banks that once handed out home loans freely are imposing such stringent requirements that many homeowners who might want to refinance are effectively locked out.
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Statoil won the big Oil Prize
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CEO Helge Lund (Photo: Statoil) |
A consortium that includes Russia's private oil giant Lukoil has won the biggest prize in the final round of Iraq's largest postwar oil auction, writes Associated Press.
The deal gives Lukoil and Norway's Statoil ASA rights to develop the major West Qurna Phase 2 field in Iraq's relatively calm south.
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Poll Finds Slim Majority Back More Troops in Afghan War
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President Barrack Obama(Photo:Blackstate.com) |
A bare majority of Americans support President Obama’s plan to send 30,000 more troops to Afghanistan, but many are skeptical that the United States can count on Afghanistan as a partner in the fight or that the escalation would reduce the chances of a domestic terrorist attack, according to the latest New York Times/CBS News poll.
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Coordinated Bombings in Baghdad
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Hamid Karzai(Photo:Irfwp.org) |
A series of devastating car bombings rocked Baghdad on Tuesday, killing at least 121 people and wounding hundreds more, according to preliminary accounts by witnesses, the police and hospital officials, reports New York Times.
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COP 15 starts today
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The Earth seen from the Mooen(Photo:Wikipedia) |
UN Climate Change Conference and a host of parallel climate events have begun in Copenhagen todayThe eyes of the world are on Copenhagen, as the much-anticipated COP15 climate conference gets underway at the city’s Bella Center venue.
Delegates from 193 countries are participating in the event, which hopes to produce a new concrete agreement on reducing greenhouse gasses worldwide, reports the Copenhagen Post.
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Gallois unperturbed by pessimists
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Louis Gallois (Photo:EADS) |
Louis Gallois has little patience with pessimists who pore over problems that, as chief executive of EADS, he is likely to face in the coming year.Speaking in his airy office overlooking the Hippodrome d’Auteil on the western edge of Paris, Mr Gallois dismisses speculation about the Dubai Crisis, according to Financial Times.
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Bernanke Tells Senators Fed ‘Should Have Done More’
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Ben S. Bernanke(Photo:Fed) |
Under fire from Democrats and Republicans alike, Ben S. Bernanke defended his record Thursday as chairman of the Federal Reserve but admitted that the central bank’s own lapses contributed to the financial crisis. “I did not anticipate a crisis of this magnitude,” Mr. Bernanke acknowledged in an occasionally contentious hearing on his nomination for a second term as Fed chairman, according to New York Times.
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