Sunday, November 30, 2008

Google Guys and Four Elements of an Inspiring Vision

Google guys Sergey Brin and Larry Page once walked into a venture-capital firm and were able to express their company's vision in one sentence: "Google provides access to the worlds information in one click."...

Read more Read more Google Guys and Four Elements of an Inspiring Vision

Source: CIO Today

Barack Obama to Announce Top Administration Monday

President-elect Barack Obama plans on Monday to announce six experienced hands to fill top administration posts, moving at record speed to name the leadership team that will guide his presidency through a time of war and recession...

Read more Barack Obama to Announce Top Administration Monday

Source: Associated Press

Dubai Layoffs Grow as Developer Sheds 500 People

Layoffs are mounting in this city-state's property sector, with one of Dubai's most ambitious government-owned developers unveiling big job cuts Sunday...

Read more Read more Dubai Layoffs Grow as Developer Sheds 500 People

Source: Wall Street Journal

Microsoft in Talks to Acquire Yahoo for $20bn

Software giant Microsoft is in talks to acquire Yahoo’s online search business for $20 billion...

Read more Microsoft in Talks to Acquire Yahoo for $20bn

Source: Times Online

Saturday, November 29, 2008

OPEC Ends Cairo Meeting Without New Output Cuts

OPEC held off on announcing new oil output cuts on Saturday, but its alarm over falling demand and a slumping economy potentially laid the groundwork for a big reduction when it meets again in a matter of weeks...

Read more OPEC Ends Cairo Meeting Without New Output Cuts

Source: Associated Press

Bush Pledges Support, Calls People of India Resilient

President George W. Bush on Saturday pledged full U.S. support to India as it investigates the deadly terrorist attacks in Mumbai, saying the killers "will not have the final word."...

Read more Bush Pledges Support, Calls People of India Resilient

Source:

Only The Rich Can Afford It. Should Taxpayers Back It?

Tesla Roadster is an electric car that goes fast, looks sensational and excites envy. The seductive appearance, however, obscures some inconvenient truths: its all-electric technology remains woefully immature and don’t-even-ask expensive...

Read more Only The Rich Can Afford It. Should Taxpayers Back It?

Source: New York Times

Mumbai: Taj Mahal Hotel Owner Said We Had Warning

The Taj Mahal hotel in Mumbai, India, temporarily increased security after being warned of a possible terrorist attack, the chairman of the company that owns the hotel said Saturday...

Read more Mumbai: Taj Mahal Hotel Owner Said We Had Warning

Source: CNN

Russia's Rusal Nominates Prokhorov to Norilsk Board

Russia's aluminium major Rusal said on Friday it had added its major shareholder Mikhail Prokhorov to its list of candidates for the board of metal giant Norilsk Nickel...

Read more Russia's Rusal Nominates Prokhorov to Norilsk Board

Source: Reuters

Friday, November 28, 2008

Russia, U.S. Unlikely to Agree on Missile Shield in December

The Russian foreign minister said on Friday that Moscow and Washington were unlikely to reach a final agreement on a planned U.S. missile shield for central Europe during talks in December...

Read more Russia, U.S. Unlikely to Agree on Missile Shield in December

Source: RIA Novosti

Billionaire Financier Carl Icahn Raises His Stake in Yahoo

In a move likely to fuel speculation over Yahoo's search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings...

Read more Billionaire Financier Carl Icahn Raises His Stake in Yahoo

Source: USA Today

Putin Tells Western Partners Russian Energy Plans Unchanged

Russia's prime minister said Friday at a meeting with the head of a German power company that his country would fulfill all its commitments to the energy sector and has no plans to reduce or change them...

Read more Putin Tells Western Partners Russian Energy Plans Unchanged

Source: RIA Novosti

Russian Central Bank Raises Key Rates to Cap Prices

Russia’s central bank raised its main interest rates for the second time this month in a bid to make the weakening ruble more attractive to investors, cap capital outflow and damp “inflationary trends.”...

Read more Russian Central Bank Raises Key Rates to Cap Prices

Source: Bloomberg

Thursday, November 27, 2008

Venezuela and Russia Sign 15 Agreements in Caracas

The ceremony capping the first visit of a Russian president to Venezuela, like the rest of the president’s visit, was heavy on pomp and symbolism...

Read more Venezuela and Russia Sign 15 Agreements in Caracas

Source: New York Times

Russia: Morgan Stanley Cuts 25% of Jobs

U.S. investment bank Morgan Stanley is shedding one in four jobs at its Russian office in a bid to cut costs, Russian daily Vedemosti reports...

Read more Russia: Morgan Stanley Cuts 25% of Jobs

Source: Russia Today

Indian Economy Will Struggle Post-Mumbai Attack

The terror attacks that rocked India's financial capital may depress stocks, dampen tourism and slow new investment, but are unlikely to inflict long-term damage on the nation's economy, analysts and business people said Thursday...

Read more Indian Economy Will Struggle Post-Mumbai Attack

Source: CNN Money

Black Friday: It Has To Be Big, And Bold

Merchants know it's all or nothing when the clock strikes 12.01 a.m. Friday....

Read more Black Friday: It Has To Be Big, And Bold

Source: CNN Money

Wednesday, November 26, 2008

Russians Take Over Thanksgiving Turkey Duty

The American Chamber of Commerce has no plans to show its thanks. The U.S. Embassy in Moscow will have neither turkey nor trimmings...

Read more Read more Russians Take Over Thanksgiving Turkey Duty

Source: Moscow Times

Tretyakov Gallery: Splendor of Rural Russia on Show

Even as the frost and winds of winter begin to swirl into the city, inside the Tretyakov Gallery all is blue sky and sunbeams...

Read more Tretyakov Gallery: Splendor of Rural Russia on Show

Source: Moscow Times

Russia Says It May Work With OPEC on Output Cut

Crude oil rose in New York after Russia, the world's second-largest exporter, said it may coordinate production cuts with OPEC to shore up prices...

Read more Russia Says It May Work With OPEC on Output Cut

Source: Bloomberg

Naftogaz to Spend IMF Money to Settle Gas Debt

Ukrainian Naftogaz that has faced difficulties with the payment of debts generated from gas supplies by RosUkrEnergo trader will probably refer to the IMF money, Interfax-Ukraine reported...

Read more Naftogaz to Spend IMF Money to Settle Gas Debt


Source: Kommersant

Tuesday, November 25, 2008

U.S. Injects Further $800Bn to Kick-Start Lending

The Federal Reserve is to advance $600bn to the mortgage market, with a further $200bn aimed at the consumer debt market, in what one economist said was "as close as the Fed can get to lending money directly to consumers"...

Read more U.S. Injects Further $800Bn to Kick-Start Lending

Source: Telegraph

U.S. Mortgage Rates Fall on $600 Billion Fed Plan

U.S. mortgage rates fell more than three-quarters of a percentage point today after the Federal Reserve said it will buy as much as $600 billion of debt...

Read more U.S. Mortgage Rates Fall on $600 Billion Fed Plan

Source: Bloomberg

Russian Stocks Including Lukoil Fall With Oil; Norilsk Advances

Russia’s Micex Index declined in the last hour of trading, led by OAO Lukoil, Russia’s second-biggest oil producer, as crude and U.S. stocks declined...

Read more Russian Stocks Including Lukoil Fall With Oil; Norilsk Advances

Source: Bloomberg

Google May Powersearch, Ads for Russia's Odnoklassniki Net

Russia's top social network Odnoklassniki.ru is testing Google's search box, both companies confirmed to business paper Kommersant, leading to a possible ad sales split in what is one of the world's fastest growing online ad markets...

Read more Google May Powersearch, Ads for Russia's Odnoklassniki Net

Source: paidContent.org

Russia's Yelena Isinbayeva in Pole Position for Beauty and Talent

The ugly truth for Yelena Isinbayeva is that too many of her competitors have plain faces and talent...

Read more Russia's Yelena Isinbayeva in Pole Position for Beauty and Talent

Source: Times Online

Armenia Wins Gold in World Chess Olympiad in Germany

Armenia won its second straight gold medal at the Chess Olympiad Tuesday by defeating China 2.5-1.5 in the 11th and final round...

Read more Armenia Wins Gold in Chess Olympiad in Germany

Source:`Associated Press

Monday, November 24, 2008

Russia: Kaspersky Lab Offers Antivirus Protection in U.S.

In his quest for a bigger share of the highly competitive computer-security market, Eugene Kaspersky treks to 20 to 30 countries a year, promoting the company bearing his name and warning the world about cybercrime...

Read more Russia: Kaspersky Lab Offers Antivirus Protection in U.S.

Source: USA Today

Russian Leaders Hope For Better Ties with U.S. under Obama

Russia's leaders said Monday they hope the United States will scrap its missile defense system in Europe and be more willing to negotiate a nuclear arms control deal once U.S. President-elect Barack Obama takes office...

Read more Russian Leaders Hope For Better Ties with U.S. under Obama

Source: Associated Press

Russian Stocks Soar 17%, Leading Global Rally as Oil Climbs

Russia’s Micex Index surged 17 percent, leading a rally in emerging-market stocks, as a U.S. government rescue of Citigroup Inc. boosted investor confidence and lifted commodity prices...

Read more Russian Stocks Soar 17%, Leading Global Rally as Oil Climbs

Source: Bloomberg

Russia's VEB Approves $1.8 Bln Loan to Evraz Group

Russian state-owned bank VEB has approved a $1.8 billion loan for steel maker Evraz Group to refinance its foreign debt, Vedomosti business daily reported on Monday...

Read more Russia's VEB Approves $1.8 Bln Loan to Evraz Group

Source: Thompson

New Economic Leaders: Obama Eyes $500 Billion in Stimulus

Aides to President-elect Barack Obama and President George W. Bush are rushing to craft measures to shore up financial markets and prevent a policy vacuum from further harming the economy during the transition of power between the two men...

Read more New Economic Leaders: Obama Eyes $500 Billion in Stimulus

Source: Wall Street Journal

U.S. Federal Government Rescues Citibank with $20 Billion

European stocks climbed Monday, lifted by the U.S. federal government's plan to rescue beleaguered financial giant Citigroup...

Read more Citigroup: U.S. Federal Government Rescues Citibank with $20 Billion

Source: Reuters

Sunday, November 23, 2008

Bush Meets With Russian Leader For Last Time

George W. Bush held his last meeting as U.S. president with a Russian leader on Saturday, telling Dmitry Medvedev he had worked hard to make it a "cordial relationship" despite difficult disagreements...

Read more Bush Meets With Russian Leader For Last Time

Source: Reuters

Obama Taps Geithner, Summers For Top Economic Jobs

President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years...

Read more Obama Taps Geithner, Summers For Top Economic Jobs

Source: Reuters

Platinum Prices Drop to $769 Per Ounce This Week

The U.S. and European automobile industries are screeching to a halt, and they're leaving behind a string of casualties -- not all of which are obvious...

Read more Platinum Prices Drop to $769 per Ounce This Week

Source: Moscow Times

Saturday, November 22, 2008

Hollywood: 'Twilight’ May Earn $74.3 Million Opening Weekend

“Twilight,” a film based on a series of books about teen vampires from Stephanie Meyer, may make $74.3 million in its weekend debut, said box-office tracker Media By Numbers LLC...

Read more Hollywood:‘Twilight’May Earn $74.3 Million Opening Weekend

Source: Bloomberg

Orchestra of St. Luke's Raises $17M in Six Months

In a down economy, the Orchestra of St. Luke's has managed to raise $17 million in the past six months, including $8 million in November from New York City's Department of Cultural Affairs...

Read more Orchestra of St. Luke's Raises $17M in Six Months

Source Bloomberg

Georgian President Mikheil Saakashvili Calls for Unity

Georgian President Mikheil Saakashvili called for national unity against a "dangerous threat" from Russia on Saturday, the eve of the fifth anniversary of the "Rose Revolution" that brought him to power...

Read more Georgian President Mikheil Saakashvili Calls for Unity

Source: AFP

Russia's Mededev to Discuss World Economic Crisis with APEC

The Russian president will discuss the world economic crisis and all aspects of security with APEC leaders, who are gathering for their 16th summit on Saturday....

Read more Russia's Mededev to Discuss World Economic Crisis with APEC

Source: Russia Today

Clinton-Obama Détente: From Top Rival to Top Aide

The thaw in the resentful relationship between the most powerful woman in the Democratic Party and her younger male rival began at the party’s convention this summer...

Read more Clinton- Obama Détente: From Top Rival to Top Aide

Source: New York Times

Russian Computer Game Acts Out New Georgia War

A Russian computer game simulating a new war between Russia and Georgia, in which NATO-member Poland backs a fresh bid by Tbilisi to take back its rebel regions, is to hit shops soon...

Read more Russian Computer Game Acts Out New Georgia War


Source: Reuters

Fugitive British Militant, Rashid Rauf 'Killed in Pakistan'


A fugitive British militant linked to an alleged UK plot to use liquid bombs to blow up transatlantic airliners has been killed in Pakistan, reports say...


Read more Fugitive British Militant, Rashid Rauf 'Killed in Pakistan'

Source: BBC News

U.S. Decline, Russia's Rise: National Intelligence Council Report Predicts

Global warming could be a boon to Russia, a European country could be overrun by organized crime and the U.S. and its dollar could further decline in importance during the next two decades, says a U.S. intelligence report with predictions for the world in 2025...

Read more U.S. Decline, Russia's Rise: National Intelligence Council Report Predicts

Source: Associated Press

Friday, November 21, 2008

Russia Food and Drink Report Q4 2008

Russia Food Drink Report provides independent forecasts and competitive intelligence on Russia's food and drink industry...

Read more Russia Food and Drink Report Q4 2008

Source: Research and Markets

Russian President Meets Oligarchs in Barikhva

Oleg Deripaska, Viktor Vekselberg, Mikhail Prokhorov, Alisher Usmanov and Vladimir Potanin were be among the guests at a dinner with the president in Barvikha, a luxury village near Moscow...

Read more Russian President Meets Oligarchs in Barikhva

Source: Russia Today

Attorney General Michael Mukasey Feeling Better

Attorney General Michael B. Mukasey returned to work at the Justice Department Friday after suffering what aides said was a fainting spell in the middle of a speech the previous night...

Read more Attorney General Michael Mukasey Feeling Better

Source: NY Times

General Motors Cuts Production, Give Up Two Jets

Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its controversial corporate jets...

Read more General Motors Cuts Production, Give Up Two Jets

Source: Reuters

Thursday, November 20, 2008

Obama Should Look Into Putin's Record, Not His Eyes

Even as Barack Obama faces front-page issues like Iraq, Iran and Afghanistan, he will still have to find the time and courage to deal with a certain nuclear-armed autocracy that controls much of the world's oil and gas...

Read more Obama Should Look Into Putin's Record, Not His Eyes

Source: Wall Street Journal

Yulia Tymoshenko: 2008 National Budget Fulfilled

Ukrainian Prime Minister Yulia Tymoshenko has said that all budget expenses will be financed in 2008, as according to the results of the year, the state budget will garner more revenues than expected...

Read more Yulia Tymoshenko: 2008 National Budget Fulfilled

Source: Kyiv Post