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Ex-minister Kudrin warns of "full-fledged crisis" in Russia

Dec 23, 2014 at 00:31 | Source: FirstPost

MOSCOW (Reuters) - Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the econo...

North Sea oil collapse fears 'too dramatic'

Dec 22, 2014 at 04:42 | Source: BBC

A leading figure in the UK's oil industry, Sir Ian Wood, has told the BBC warnings the industry is close to collapse are well over the top and far too dramatic . Sir Ian, a veteran oil man who was commissioned by the government to review the ind...

Oil price fall not Opec's fault, Gulf ministers say

Dec 22, 2014 at 04:42 | Source: BBC

Oil-rich Gulf states have vowed not to cut crude production, blaming speculators and producers outside the Opec group for tumbling prices. Saudi Arabia's Oil Minister Ali al-Naimi said the spread of misleading information and speculation had con...

Exclusive - Iran's support for Syria tested by oil price drop

Dec 20, 2014 at 00:45 | Source: FirstPost

AMMAN (Reuters) - Syrian businessmen and trade officials say they are worried the economic lifeline provided by Iran is under strain from plunging oil prices, despite public messages of support from Syria's strongest regional ally. Syrian President B...

Digvijaya Singh speaks to Firstpost: Does PM Modi want growth or Hindutva?

Dec 19, 2014 at 14:42 | Source: FirstPost

New Delhi:He remains one of the few consistent voices against right-wing politics and refuses to be cowed down despite the Congress party being decimated during the 2014 general elections. While his party is still figuring out how to tackle the growi...

Digvijaya Singh speaks to Firstpost: Does Modi want Hindutva or growth?

Dec 19, 2014 at 12:54 | Source: FirstPost

New Delhi:He remains one of the few consistent voices against right-wing politics and refuses to be cowed down despite the Congress party being decimated during the 2014 general elections. While his party is still figuring out how to tackle the growi...

Iona Energy restructures debt after oil price fall

Dec 19, 2014 at 01:16 | Source: BBC

A Canadian company operating in the North Sea has been forced to restructure its debt following the fall in the oil price. Iona Energy raised $275m (£176m) in bond finance last year. In the face of technical problems and a sharp fall in crude oil pr...

Oil price fall is temporary, says Saudi minister

Dec 18, 2014 at 20:02 | Source: BBC

Recent falls in the price of oil are likely to be temporary, says the oil minister for Saudi Arabia, Opec's biggest producing nation Ali al-Naimi said commodity price fluctuations were to be expected and said he was hopeful for the future. He ad...

Putin seeks to ease fears over Russian economic crisis

Dec 18, 2014 at 20:02 | Source: BBC

President Vladimir Putin has sought to ease fears over Russia's economy, insisting that the dramatic fall in the rouble will stabilise. Speaking at his end-of-year news conference, which lasted over three hours, he blamed outside factors for the...

North Sea oil industry 'close to collapse'

Dec 18, 2014 at 20:02 | Source: BBC

The UK's oil industry is in crisis as prices drop, a senior industry leader has told the BBC. Oil companies and service providers are cutting staff and investment to save money. Robin Allan, chairman of the independent explorers' associatio...

Russia plans new measures to stabilise the rouble

Dec 17, 2014 at 21:37 | Source: BBC

Russia is planning new measures aimed at stabilising its financial markets after the rouble's slump against the dollar. The country's central bank said that if necessary, it would provide additional capital to Russia's banks and financ...

Good Governance Day: Angry leaders say 'communal' design to target minority holidays

Dec 17, 2014 at 16:25 | Source: FirstPost

The controversy over the Narendra Modi governments decision to observe December 25, the day of Christmas celebrations, as national Good Governance Day refuses to die down. The Christian community feels this is a deliberate attempt to dilute the impor...

Rupee at 13-month low adds to worry

Dec 17, 2014 at 13:37 | Source: Calcutta Telegraph News

Mumbai, Dec. 16: The rupee today hit a 13-month low of 63.53 against the dollar, a drop of 59 paise over the previous close. Heavy demand for the US currency from importers and some banks amid falling oil prices and chaos in the stock markets contri...

Oil price declines to $59 per barrel

Dec 17, 2014 at 13:37 | Source: Calcutta Telegraph News

London, Dec. 16 (Reuters): Oil fell below $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand. Internati...

Brent oil price falls below $59 a barrel

Dec 17, 2014 at 13:37 | Source: BBC

The price of Brent crude oil has fallen below $59 a barrel for the first time since May 2009. After dropping below $60, the Brent price then fell to $58.50 a barrel, before recovering slightly to $59.01. Oil prices have now nearly halved since June a...

Good Governance Day on 25 December: After Christmas, will BJP set sight on Eid?

Dec 17, 2014 at 10:56 | Source: FirstPost

The controversy over the Narendra Modi governments decision to observe December 25, the day of Christmas celebrations, as national Good Governance Day refuses to die down. The Christian community feels this is a deliberate attempt to dilute the impor...

Good Governance Day: Angry leaders allege 'communal' design to target minority holidays

Dec 17, 2014 at 10:56 | Source: FirstPost

The controversy over the Narendra Modi governments decision to observe December 25, the day of Christmas celebrations, as national Good Governance Day refuses to die down. The Christian community feels this is a deliberate attempt to dilute the impor...

Russian rouble falls to new low against US dollar

Dec 15, 2014 at 23:17 | Source: BBC

The Russian rouble has dropped to a new low against the US dollar, as falling oil prices and Western sanctions continue to weigh on the country. As of Monday afternoon, it takes more than 60 roubles to buy a single dollar. The 60 mark is considered a...

'Good governance day' on Christmas: CPI(M) calls decision on schools 'offensive'

Dec 15, 2014 at 12:37 | Source: FirstPost

New Delhi: Terming as "offensive and unjustifiable" government's reported decision to keep Navodaya schools open on Christmas, CPI(M) on Monday demanded its withdrawal saying it was an "assault" on the religious right of Christian...

Asian shares fall to nine-month low as oil prices sink

Dec 15, 2014 at 09:45 | Source: FirstPost

TOKYO (Reuters) - Asian shares slipped to nine-month lows on Monday as oil prices sank to fresh 5-1/2 year lows on concerns about a supply glut and slower global growth, hitting stocks of energy and commodity producers and exporters. Investors were n...

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