News // Economy

India will entirely pay its oil debts to Iran by the end of August, S. Qamsari - the National Iranian Oil Company director for international affairs announced in Tehran on Saturday.

Russia and the European Union will sign  a document next week on Russia's accession to the World Trade Organization (WTO), following the results of bilateral negotiations on the issue, EU delegation to Russia head Fernando Valenzuela said on Monday

European and IMF officials will start thrashing out the details of a three-year bailout package for Ireland on Monday while the government puts the finishing touches to a 15 billion euro ($20.5 billion) austerity plan

The remaining issues hampering Russia's accession to the World Trade Organization should be resolved quickly, and without creating obstacles to businesses, Russian President Dmitry Medvedev said on Monday

Group of 20 leaders endorsed gradual changes in currency values and agreed to develop early-warning indicators to monitor policies that exacerbate trade imbalances and threaten to disrupt the global economy, officials said

Asian stocks dropped, dragging the MSCI Asia Pacific Index to a two-week low, after China unexpectedly raised lending and deposit rates to curb inflation in the world’s fastest-growing major economy.

Russia's 2010 federal budget deficit may turn out to be much lower than the forecast of 5.3 percent of gross domestic product (GDP), Prime Minister Vladimir Putin said on Monday

The Russian government will continue removing administrative obstacles, if businessmen put an end to shadow schemes and tax evasion, Prime Minister Vladimir Putin said on Tuesday.

Economists cut U.S. growth forecast after weak summer data

Japanese Economics Minister Banri Kaieda said on Tuesday that the yen's rapid rise is undesirable

The European Central Bank's Governing Council decided at its monthly monetary policy meeting Thursday to leave its key interest rate unchanged, the ECB announced

The Japanese yen hit a new 15-year high against the US dollar today as prime minister Naoto Kan hinted at further currency intervention

Ireland’s economic outlook worsened on Monday as the country’s central bank cut its growth forecast for this year, with gross domestic product now set to increase 0.2 per cent against previous forecasts of 0.8 per cent.

Ukraine will push for reforms that would allow it to join the European Union, but will also develop cooperation with other world powers, including Russia and the United States, Ukrainian President Viktor Yanukovych said on Friday.

The Russian Government on Thursday introduced a federal draft budget for 2011 and the planning period 2012 - 2013 for consideration by the Russian State Duma.

Ukraine will have the lowest taxes in Europe after a new tax code is adopted, Prime Minister Mykola Azarov said on Friday.

Billionaire energy investor T. Boone Pickens expects oil—currently priced over $71—to reach $85 by the end of the year.

 In the third quarter of 2010, the Russian Energy Ministry will submit a program on developing subsoil wealth on the Yamal peninsula which will include privileges for a project to produce liquified natural gas - the Yamal LNG project, Russian Energy Minister Sergey Shmatko told journalists in Moscow.

 Russian Prime Minister Vladimir Putin has discussed energy cooperation in the Middle East with Chairman of the Board of Directors at oil company Crescent Petroleum Hamid Jafar, the Russian government's press service said on Saturday.

Russian President Dmitry Medvedev proposed on Wednesday breathing new life into bilateral economic projects in Afghanistan, Pakistan and Tajikistan launched during the Soviet era.