Russian oil production expected to drop

Russian oil production expected to drop

MOSCOW, July 7 (UPI) --An anticipated drop in oil production by 2016 is expected to hurt the Russian economy, the Russian Finance Ministry said Monday.
Daniel J. Graeber
Russia considers yuan, ruble for Chinese gas deals

Russia considers yuan, ruble for Chinese gas deals

MOSCOW, June 26 (UPI) --The head of the accounting department at Russian energy company Gazprom says there's no risk in using either Chinese or Russian currencies for gas transactions.
Daniel J. Graeber

Putin tells Merkel, Cameron Crimea secession within international law

KIEV, Ukraine, March 10 (UPI) -- Crimean Prime Minister Sergei Aksyonov said Monday preparations for the southern Ukrainian region to become part of Russia have begun.

Putin's gamble

WASHINGTON, March 5 (UPI) -- Russian President Vladimir Putin may think he's won the current battle of Ukraine but he's likely to lose the war.
MARTIN WALKER, UPI Editor Emeritus

Japan's January trade deficit hits record $27.3 billion

TOKYO, Feb. 20 (UPI) -- Japan's trade deficit in January soared to a record 2.79 trillion yen ($27.3 billion) as import costs surged due to a weaker yen, the government said Thursday.

Merkel 'pushes for $1.9B patrol boat deal with Saudi Arabia'

BEIRUT, Lebanon, Feb. 4 (UPI) -- German Chancellor Angela Merkel's new coalition government is reported to be pushing hard to nail down a $1.9 billion contract with Saudi Arabia for 100 patrol boats expected to be built by the Lurssen shipyard of Bremen.

Lebanon pols battle over energy ministry to control gasfields

BEIRUT, Lebanon, Jan. 31 (UPI) -- As deeply divided Lebanon struggles to form a new government after 10 months of political paralysis, one of the key issues is which faction will control the Energy Ministry and the development of potentially rich offshore gas fields.

Japan December trade deficit soars to $12.7 billion

TOKYO, Jan. 26 (UPI) -- Japan's December trade deficit hit 1.3 trillion yen ($12.7 billion), up 101.6 percent year-on-year, pushing the deficits for all of 2013 to record highs.

Official: Sale of share of Italian post office could raise $6.6B

ROME, Jan. 25 (UPI) -- Selling a 40 percent share of Italy's postal service should raise about $6.6 billion, Italian Finance Minister Fabrizio Saccomanni said.

McDonald's allegedly dodges French taxes

PARIS, Jan. 22 (UPI) -- McDonald's Corp. in France allegedly uses out-of-the-country subsidiaries to cut its tax bill on profits to under 2 percent, a French magazine reported.

Japan's current account deficit hits record $5.4B in November

TOKYO, Jan. 13 (UPI) -- Japan's November current account deficit, driven by higher import costs, hit a record $5.74 billion, the Finance Ministry said Tuesday.

Thai army increases security but denies coup rumors

BANGKOK, Jan. 13 (UPI) -- Thai army units have taken up positions around Bangkok ahead of Monday's planned anti-government rally and after the weekend's shooting of seven people.

Japan trade deficit hits record in November

TOKYO, Dec. 17 (UPI) -- Japan's trade deficit hit a record 1.293 trillion yen, or $12.9 billion, in November, up 35.1 percent year-on-year, on rising energy imports, data showed.

Russia likely to give Ukraine financial aid, official says

MOSCOW, Dec. 17 (UPI) -- Russia will likely give Ukraine vital financial aid when President Viktor Yanukovych meets with President Vladimir Putin at the Kremlin Tuesday, officials said.

Germany's Merkel makes coalition government deal

BERLIN, Dec. 14 (UPI) -- Germany's two largest political parties will enter into a grand bargain coalition government with Chancellor Angela Merkel still at the helm, officials said.
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