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Plane and simple: Argentina to give Bolivia a jet if it needs more natural gas

The changes to the gas contract between Argentina and Bolivia will allow Buenos Aires to save some $460 million, but the deal has one curious detail on what happens if Argentina needs more supplies. Read Full Article at RT.com
RT Business

Plane and simple: Argentina to give Bolivia a jet if it needs more natural gas

The changes to the gas contract between Argentina and Bolivia will allow Buenos Aires to save some $460 million, but the deal has one curious detail on what happens if Argentina needs more supplies. Read Full Article at RT.com

This Russian airport is listed among the world’s best (PHOTOS)

One of the newest Russian airports, Platov International Airport in the city of Rostov-on-Don, has received the highest mark from the UK-based ranking organization Skytrax, becoming the first five-star Russian airport. Read Full Article at RT.com
RT Business

This Russian airport is listed among the world’s best (PHOTOS)

One of the newest Russian airports, Platov International Airport in the city of Rostov-on-Don, has received the highest mark from the UK-based ranking organization Skytrax, becoming the first five-star Russian airport. Read Full Article at RT.com

Moscow court orders US investor of Baring Vostok to be held in custody over $37mn fraud allegations

The founder and senior partner of Baring Vostok private equity fund, Michael Calvey, will be detained in Moscow for two months after his bail got rejected. The US citizen is accused of a large-scale fraud involving a Russian bank. Read Full Article at RT.com
RT Business

Moscow court orders US investor of Baring Vostok to be held in custody over $37mn fraud allegations

The founder and senior partner of Baring Vostok private equity fund, Michael Calvey, will be detained in Moscow for two months after his bail got rejected. The US citizen is accused of a large-scale fraud involving a Russian bank. Read Full Article at RT.com

Payless to Close All U.S. Stores as It Prepares for Another Bankruptcy

Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation.
WSJ.com: US Business

Payless to Close All U.S. Stores as It Prepares for Another Bankruptcy

Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation.

Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ era

A Russian grocery retailer was nearly forced to close during its grand opening week in Germany when a huge crowd of Leipzig locals arrived and gobbled up almost the entire inventory. Read Full Article at RT.com
RT Business

Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ era

A Russian grocery retailer was nearly forced to close during its grand opening week in Germany when a huge crowd of Leipzig locals arrived and gobbled up almost the entire inventory. Read Full Article at RT.com

If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrency

Just a few weeks after JP Morgan declared cryptocurrencies like Bitcoin to only have value in a post-capitalist dystopia, the $2.5tn banking giant announced its own blockchain-based “JPM Coin” – should we be worried? Read Full Article at RT.com
RT Business

If you can’t bit them, coin them: Bitcoin-skeptic JP Morgan reveals its own cryptocurrency

Just a few weeks after JP Morgan declared cryptocurrencies like Bitcoin to only have value in a post-capitalist dystopia, the $2.5tn banking giant announced its own blockchain-based “JPM Coin” – should we be worried? Read Full Article at RT.com

Russian PM calls on government to go beyond ‘dry figures’ to address poverty

The Russian government should do more to help its 19 million citizens living below the poverty line, said Prime Minister Dmitry Medvedev. He suggested providing better-targeted assistance to the poor than just statistics. Read Full Article at RT.com
RT Business

Russian PM calls on government to go beyond ‘dry figures’ to address poverty

The Russian government should do more to help its 19 million citizens living below the poverty line, said Prime Minister Dmitry Medvedev. He suggested providing better-targeted assistance to the poor than just statistics. Read Full Article at RT.com

US investor & top partners of Baring Vostok equity fund detained in Moscow on fraud allegations

A court in Moscow has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody. Read Full Article at RT.com
RT Business

US investor & top partners of Baring Vostok equity fund detained in Moscow on fraud allegations

A court in Moscow has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody. Read Full Article at RT.com

Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry

The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Read Full Article at RT.com
RT Business

Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry

The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Read Full Article at RT.com

Russia calls latest US sanctions ‘just another schizoid story’

Russia is not afraid of sanctions and new penalties won’t hugely harm the economy, according to Prime Minister Dmitry Medvedev. However, he added that the measures may slow development. Read Full Article at RT.com
RT Business

Russia calls latest US sanctions ‘just another schizoid story’

Russia is not afraid of sanctions and new penalties won’t hugely harm the economy, according to Prime Minister Dmitry Medvedev. However, he added that the measures may slow development. Read Full Article at RT.com

No way back for Nord Stream 2 pipeline project – Germany

The Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU). Read Full Article at RT.com
RT Business

No way back for Nord Stream 2 pipeline project – Germany

The Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU). Read Full Article at RT.com

Boom Bust asks if the bubble is bursting as record number of Americans fall behind on car payments

Soaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class is in “serious economic trouble” as people sacrifice their basic necessities, Professor of Economics Richard Wolff believes. Read Full Article at RT.com
RT Business

Boom Bust asks if the bubble is bursting as record number of Americans fall behind on car payments

Soaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class is in “serious economic trouble” as people sacrifice their basic necessities, Professor of Economics Richard Wolff believes. Read Full Article at RT.com

Chinese exports surge despite gloomy forecasts as trade spat with US remains unsolved

Sales of Chinese goods abroad saw a dramatic upsurge in January, according to the latest statistics from China’s General Administration of Customs (GAC). Imports also dropped far less than analysts predicted. Read Full Article at RT.com
RT Business

Chinese exports surge despite gloomy forecasts as trade spat with US remains unsolved

Sales of Chinese goods abroad saw a dramatic upsurge in January, according to the latest statistics from China’s General Administration of Customs (GAC). Imports also dropped far less than analysts predicted. Read Full Article at RT.com

Airbus to stop production of world's largest passenger airliner A380

Europe's aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Read Full Article at RT.com
RT Business

Airbus to stop production of world's largest passenger airliner A380

Europe's aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Read Full Article at RT.com

US warns the world against buying Venezuelan oil

US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. Read Full Article at RT.com
RT Business

US warns the world against buying Venezuelan oil

US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. Read Full Article at RT.com

Lampert's Plan for Sears: Smaller Stores, Less Apparel

Edward Lampert, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores, devote extra space to tools and appliances, and open more smaller stores.
WSJ.com: US Business

Lampert's Plan for Sears: Smaller Stores, Less Apparel

Edward Lampert, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores, devote extra space to tools and appliances, and open more smaller stores.

Levi Strauss Looks Beyond Jeans With IPO

Levi Strauss, which invented bluejeans and dominated the category for more than a century, is looking to go beyond denim. It hopes to raise more than $600 million with an IPO.
WSJ.com: US Business

Levi Strauss Looks Beyond Jeans With IPO

Levi Strauss, which invented bluejeans and dominated the category for more than a century, is looking to go beyond denim. It hopes to raise more than $600 million with an IPO.

Former Apple Lawyer Charged With Insider Trading

The former Apple executive who enforced the company’s insider-trading policies was charged criminally with violating those rules by allegedly dumping over $10 million in stock before the company announced it missed a metric for iPhone sales.
WSJ.com: US Business

Former Apple Lawyer Charged With Insider Trading

The former Apple executive who enforced the company’s insider-trading policies was charged criminally with violating those rules by allegedly dumping over $10 million in stock before the company announced it missed a metric for iPhone sales.

Cisco Evades Trade Fallout as Revenue, Profit Rise

Cisco Systems boosted its quarterly dividend and stock buyback program following a strong quarter in which revenue growth beat Wall Street targets.
WSJ.com: US Business

Cisco Evades Trade Fallout as Revenue, Profit Rise

Cisco Systems boosted its quarterly dividend and stock buyback program following a strong quarter in which revenue growth beat Wall Street targets.

GE Power Has a $92 Billion Backlog. For the New Boss, That's a Problem.

The turnaround of General Electric depends on the revival of its core power business, a reversal that will require CEO Larry Culp to churn through a $92 billion sales backlog marred by low-margin projects.
WSJ.com: US Business

GE Power Has a $92 Billion Backlog. For the New Boss, That's a Problem.

The turnaround of General Electric depends on the revival of its core power business, a reversal that will require CEO Larry Culp to churn through a $92 billion sales backlog marred by low-margin projects.

As US piles on sanctions, foreign investors pour more money into Russia

Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. Read Full Article at RT.com
RT Business

As US piles on sanctions, foreign investors pour more money into Russia

Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. Read Full Article at RT.com

Nothing stopping Russian-German trade turnover's rapid growth

Trade turnover between Russia and its second largest trade partner, Germany, increased 8.4 percent and reached nearly €62 billion ($70 billion) in 2018 compared to previous year, according to the German trade lobby. Read Full Article at RT.com
RT Business

Nothing stopping Russian-German trade turnover's rapid growth

Trade turnover between Russia and its second largest trade partner, Germany, increased 8.4 percent and reached nearly €62 billion ($70 billion) in 2018 compared to previous year, according to the German trade lobby. Read Full Article at RT.com

If you bought Apple stock instead of the original iPhone, which would be the better investment?

The first smartphone, designed and marketed by Apple, hit the shelves in June 2007. The original iPhone, known as the iPhone 2G, became a revolutionary gadget combining a mobile phone, a mobile browser, and a media player. Read Full Article at RT.com
RT Business

If you bought Apple stock instead of the original iPhone, which would be the better investment?

The first smartphone, designed and marketed by Apple, hit the shelves in June 2007. The original iPhone, known as the iPhone 2G, became a revolutionary gadget combining a mobile phone, a mobile browser, and a media player. Read Full Article at RT.com

Bulgaria freezes accounts of Venezuelan state oil firm after Washington ‘tip-off’

Authorities in Bulgaria have blocked transfers out of bank accounts belonging to Venezuelan state-controlled energy corporation PDVSA, according to Bulgaria’s chief prosecutor Sotir Tsatsarov. Read Full Article at RT.com
RT Business

Bulgaria freezes accounts of Venezuelan state oil firm after Washington ‘tip-off’

Authorities in Bulgaria have blocked transfers out of bank accounts belonging to Venezuelan state-controlled energy corporation PDVSA, according to Bulgaria’s chief prosecutor Sotir Tsatsarov. Read Full Article at RT.com

Beacon leads $6.5m investment in Jitta

Beacon Venture Capital, a corporate venture capital arm of Kasikornbank, led a funding round of US$6.5 million for Jitta, a Thai WealthTech startup that offers high-tech solutions for investors worldwide. The funding round, which is the biggest pre-series
NationMultimedia.com - business

Beacon leads $6.5m investment in Jitta

Beacon Venture Capital, a corporate venture capital arm of Kasikornbank, led a funding round of US$6.5 million for Jitta, a Thai WealthTech startup that offers high-tech solutions for investors worldwide. The funding round, which is the biggest pre-series A round for a Thai startup, will help promote innovation in the country’s WealthTech industry and prepare Jitta for global expansion,

EXIM backs Japanes ski resort homes

Export-Import Bank of Thailand (EXIM) and Property Perfect signed a loan agreement to provide credit worth 7.5 billion yen to finance the company’s Yu Kiroro condominium project, the first ski-in and -out condominium at the Kiroro Resort, Hokkaido.
NationMultimedia.com - business

EXIM backs Japanes ski resort homes

Export-Import Bank of Thailand (EXIM) and Property Perfect signed a loan agreement to provide credit worth 7.5 billion yen to finance the company’s Yu Kiroro condominium project, the first ski-in and -out condominium at the Kiroro Resort, Hokkaido.

Logistics firm eyes regional expansion

Triple I Logistics said it spent more than Bt500 million to complete its deal on the purchase of a 50 per cent stake in Around Logistics Hong Kong, stepping up as a sales agent of freight for airlines in the region.
NationMultimedia.com - business

Logistics firm eyes regional expansion

Triple I Logistics said it spent more than Bt500 million to complete its deal on the purchase of a 50 per cent stake in Around Logistics Hong Kong, stepping up as a sales agent of freight for airlines in the region.

Venezuelan opposition could soon take over Citgo

The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s US refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil company. Read Full Article at RT.com
RT Business

Venezuelan opposition could soon take over Citgo

The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s US refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil company. Read Full Article at RT.com

ABeam expands data analytics service with Singapore acquisition

ABeam Consulting has concluded an agreement to acquire 70 per cent of shares in data analytics powerhouse LightStream Analytics in Singapore. The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service throughout Southeast A
NationMultimedia.com - business

ABeam expands data analytics service with Singapore acquisition

ABeam Consulting has concluded an agreement to acquire 70 per cent of shares in data analytics powerhouse LightStream Analytics in Singapore. The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service throughout Southeast Asia, starting in Singapore.

BuzzFeed News Employees Vote to Unionize

Employees at BuzzFeed News have voted to unionize, weeks after executives at the digital-media company announced substantial layoffs to steer the startup to profitability.
WSJ.com: US Business

BuzzFeed News Employees Vote to Unionize

Employees at BuzzFeed News have voted to unionize, weeks after executives at the digital-media company announced substantial layoffs to steer the startup to profitability.

Apple Loses Ground to Huawei in China

Shipments of Apple’s iPhone in China slumped far more than overall smartphone shipments there last quarter, while local rival Huawei’s sales soared in the world’s biggest smartphone market.
WSJ.com: US Business

Apple Loses Ground to Huawei in China

Shipments of Apple’s iPhone in China slumped far more than overall smartphone shipments there last quarter, while local rival Huawei’s sales soared in the world’s biggest smartphone market.

Publishers Chafe at Apple's Terms for Subscription News Service

Apple’s plan to create a subscription service for news is running into resistance from major publishers who are balking at proposed financial terms.
WSJ.com: US Business

Publishers Chafe at Apple's Terms for Subscription News Service

Apple’s plan to create a subscription service for news is running into resistance from major publishers who are balking at proposed financial terms.

Nissan Rebuffed French Push for Renault Merger

The French government engaged directly in discussions with Nissan early in 2018 about the possibility of a full-blown merger with Renault, and Nissan made clear its opposition to the idea.
WSJ.com: US Business

Nissan Rebuffed French Push for Renault Merger

The French government engaged directly in discussions with Nissan early in 2018 about the possibility of a full-blown merger with Renault, and Nissan made clear its opposition to the idea.

Amazon Slashed Prices at Whole Foods; Now They're Going Up

Whole Foods is raising prices again. Amazon cut prices after acquiring the grocer in 2017, but pressure from consumer-product makers has led Whole Foods to raise prices on hundreds of products.
WSJ.com: US Business

Amazon Slashed Prices at Whole Foods; Now They're Going Up

Whole Foods is raising prices again. Amazon cut prices after acquiring the grocer in 2017, but pressure from consumer-product makers has led Whole Foods to raise prices on hundreds of products.