The International Monetary Fund is highly unlikely to approve Ukraine's request to restructure $3 billion of loan repayments due this year, but the fact that the government is even considering such a move demonstrates the extent to which it is running out of options, according to Capital Economics.
Farmers and investors are booking profits from a worldwide rally in food grains, but agricultural veterans see potential setbacks.
Some members of Ukraine's parliament, on a visit to Damascus, expressed solidarity with Assad as well as opposition to foreign intervention in the Middle Eastern country.
Greek tourism revenues could drop by up to five percent in 2012 due to a fall in pre-bookings from Germany, industry officials said Wednesday, denting hopes the key sector will help pull the country out of the Eurozone financial crisis.
The United Nations humanitarian chief Valarie Amos arrived in Syria on Wednesday and is headed to the embattled city of Homs, which has been under assault by Syrian government forces for over a month.
German sportswear group Adidas
stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a banner year for sports events with the Olympics and European soccer championships.Molson Coors Brewing Co said on Tuesday it will launch Coors Light Iced Tea and other new products, as the beer company fights to win a greater share of the struggling beer market.
The activists of Ukrainian group Femen, who protested naked at a polling station in Moscow where Russian Prime Minister Vladimir Putin cast his vote Sunday, could be barred from entering Russia.
Andrei Yudin, a stylist who worked his magic on the guards believes these women to be truly beautiful even without makeup. “I just do it for the sake of touching up a beautiful face one more time,” the expert said in a statement on the Web site.
The surge in oil prices is unlikely to have a major impact on inflation in emerging Europe but the impact on growth could be more significant according to the report.
Russian precious metals miner Polymetal is eyeing acquisitions in Kazakhstan, Armenia, Ukraine, the Russian Far East and Urals, chief executive Vitaly Nesis told Moscow's RBC Daily in an interview published on Thursday.
With less than a week until presidential elections in Russia, the validity of the assassination attempt on Prime Minister Vladimir Putin is being called into question.
Authorities in Ukraine arrested three men suspected in an assassination plot targeting Russia's Prime Minister Vladimir Putin, according to Russian state-owned Channel One television.
Geely Holdings Group Co. said Wednesday it will assemble cars for sale this year in Egypt and North Africa, a move that signals a shift to emerging markets as China's economy slows and auto makers face mounting competition in Western markets.
A group of young, semi-clad Ukrainian women gate crashed into the Indian embassy in Ukraine's capital Kiev last month, tore down the Indian flag and threw it on the ground.
Ukrainian Vitali Klitschko comfortably retained his WBC heavyweight title on Saturday, scoring a unanimous points decision over Briton Dereck Chisora in Munich's Olympic Hall to ensure his family maintained a global stranglehold on the division.
Europe’s bitterly cold weather has claimed hundreds of lives so far, and has left many cities and villages without water and electricity.
Eastern Europe has been hit the hardest by the cold snap, with shipping suspended and hundreds dead across the continent
Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
The temperatures in Eastern Europe have plunged to as low as minus-30 Fahrenheit.
Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.
As Europe's cold snap hit the UK over the weekend, Heathrow Airport canceled hundreds of flights in a move many have called unnecessary and excessive.
