Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east, Russian officials said on Saturday.
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Brent falls below $52 as oil hits new five and a half year lows
Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.
Hyundai-Kia sees slowest sales growth in 12 years in 2015
Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.
As oil falls, Russia choked by military, social spending
Russian authorities are facing some unpalatable options as they try to keep the economy afloat - unless they can persuade President Vladimir Putin to curb massive military spending.
Yuri Milner's DST Global plans to invest more in U.S. start-ups
Yuri Milner, the billionaire Russian who holds the largest outside stake in Chinese handset maker Xiaomi, said he expects to invest more evenly between the United States and China in 2015.
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Russia and US space relations may also be at risk as Vladimir Putin eyes new space station. NASA together with SpaceX, on other hand, prepares for its future crew missions to the International Space Station.
Ukraine's parliament gave preliminary approval on Thursday to a law that would simplify tax legislation and impose additional duties on imports, in an effort to raise revenue amid economic crisis.
Russia's rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as many Western markets were closed for the Christmas Day holidays.
Japanese stocks rallied and the dollar stood tall on Wednesday thanks to surprisingly robust U.S. economic growth, helping investors head into the Christmas holidays in a more relaxed mood after the global markets turbulence of the past two weeks.
U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis.
Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.
The United States has sought help from China, Japan, South Korea and Russia in combating cyber attacks such as the one Washington on Friday accused North Korea of carrying out against Sony Pictures, U.S. officials said.
China's trade minister proposed more use of China's currency in settling trade with Russia in the face of a falling rouble to ensure safe and reliable trade, Hong Kong broadcaster Phoenix TV reported on Saturday.
The owners of Urenco are testing the market to gauge investor interest in the uranium enrichment company, said Uwe Beckmeyer, parliamentary state secretary in the German economy and energy ministry.
