Russia pulled the trigger on the sale of a $5 billion stake in Sberbank on Monday, taking advantage of strong markets to cut the state's ownership in Europe's No.3 bank to a bare majority. The sale of a 7.6 percent stake in Sberbank has been held back for more than a year by shaky financial
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EU Energy Ministers, meeting on Monday in Nicosia, will exchange views on renewable energy and transeuropean energy infrastructure, with a view to shaping the draft conclusions which will give the general orientation on the Council Conclusions to be adopted in December. In statements to CNA, on arrival at the Filoxenia Conference Centre, where the Informal
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Israeli Prime Minister Benjamin Netanyahu warned on Sunday that Iran would reach the brink of being able to build a nuclear bomb in just six or seven months, adding urgency to his demand that President Barack Obama set a "red line" for Tehran amid the worst U.S.-Israeli rift in decades. Taking to the airwaves
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Republican presidential candidate Mitt Romney will pledge to Hispanics on Monday that if elected he will fix the troubled U.S. immigration system in an appeal to a rising voter bloc that overwhelmingly favors Democratic President Barack Obama. Looking to rebound after a tough week in which he fell behind Obama in the polls, Romney will
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Mainland Chinese markets are set for their worst loss in three weeks on Monday with the property sector a key drag, dampened by worries of more curbs which will crimp sales during the traditional peak season in late September and October. Onshore weakness extended to offshore markets in Hong Kong, keeping the Hang Seng Index
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A Russian Soyuz capsule landed on the Kazakh steppe on Monday, delivering a trio of astronauts from a four-month stint on the International Space Station. The capsule, carrying U.S. astronaut Joseph Acaba and Russian cosmonauts Gennady Padalka and Sergei Revin, parachuted through a cloudless sky and touched down in a cloud of dust at 8:53
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As if further proof were needed after a 6-1 thumping by Arsenal, Southampton defender Danny Fox summed up the newly promoted side's woes perfectly as they still seek a solitary point back in the top flight when he said: "We need to show more character and believe that we can play at this level". Four
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Major Japanese firms have temporarily shut factories and offices in China after angry protests flared across the country, the result of a territorial dispute that has triggered one of China's worst outbreaks of anti-Japan sentiment in decades. The row between Japan and China, over a group of uninhabited islets in the East China Sea, has
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Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world's top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive new securities-buying
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European Commission president Jose Manuel Barroso distanced himself on Sunday from the idea that German savings deposits could be used to fund European bank rescues, potentially diminishing a major objection in Germany to a banking union. Barroso told the Frankfurter Allgemeine Sonntagszeitung newspaper that German fears over centralising banking supervision in Europe are exaggerated. Separately,
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