Rosneft's 2015 budget based on $50 per barrel oil price - CEO

Russia's top oil producer Rosneft is basing its budget for this year on an average oil price of $50 per barrel, the company's Chief Executive Officer Igor Sechin said on Wednesday.


U.N. aviation agency says in talks to open new Black Sea air route

The UN's aviation agency wants to open a new route for commercial aircraft in international airspace over the Black Sea that will be managed by Ukraine and without "interference" from Russia, the agency's secretary-general said.

Oil crashes after four-day rally; U.S. inventory renews glut worry

Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.

Eastern Canadian LNG export plans face supply quandary

Eastern Canada has joined a race to export North America's vast natural gas riches to energy-hungry markets overseas, with four projects betting the far-flung Atlantic provinces will be the easiest route to Europe and India.


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Greece has started negotiations with the International Monetary Fund over a plan to swap its sovereign debt for growth-linked bonds, Finance Minister Yanis Varoufakis said in an interview published on Wednesday.
A panel of experts appointed by Google to advise it on a European court ruling ordering it to remove some personal information from search results is leaning toward limiting the application to European websites only.
Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond market fueled a devaluation of the rouble.
U.S. brokerage firms and financial advisers are a routine target of cyber criminals and some have lost money as a result of fraudulent emails requesting transfers of client funds, the U.S. Securities and Exchange Commission said in a report.
The New England Patriots' heart-stopping 28-24 victory over the Seattle Seahawks in the Super Bowl delivered the largest television audience in U.S. history with an average of 114.4 million viewers, network NBC said.
Sanofi launched an inhalable insulin in the United States on Tuesday in a potential boost for its flagging diabetes drug sales and for patient quality of life.
Facebook Inc and Twitter Inc released a barrage of data, special "heat" maps and slick animations on Monday to claim the title of most-popular social network for spectators watching the Super Bowl, but a winner was difficult to pick.
Japanese electronics supplier Sharp Corp warned it will slip into its third annual net loss in four years as fierce pricing competition saps sales of smartphone displays, the business line it had been counting on for growth.
Japanese electronics firm Panasonic Corp said a dip in quarterly operating profit won't derail it from hoisting earnings 15 percent this year as a restructuring strategy of exiting low-margin product lines like TVs continues to pay off.
Australia's central bank cut its cash rate to an all-time trough of 2.25 percent on Tuesday, breaking an 18-month hiatus on stimulus as it seeks to spur a sluggish economy while keeping downward pressure on the local dollar.
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