"The European Union and the US will begin formal talks on a free-trade agreement, paving the way for the biggest trade deal in history. " Source: BBC News - EU and US free-trade talks launched …
Russia plans $25-$30 billion oil-for-loans deal with China
"Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from …
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Russia expects Olympics to retool its image
"Putin’s goal, according to Peskov, is to demonstrate Russia’s competence and class to the world by transforming a modest Soviet city into a grand, year-round resort. Sochi stretches along the coast, …
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EU leaders agree 3% budget cut deal in Brussels
"EU leaders have reached an agreement on the budget for 2014-20 after lengthy talks in Brussels. The new budget ceiling amounts to 960bn euros (£812bn; $1.3tn). It is the first time the EU's …
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EU leaders to agree push for U.S. trade deal
"Europe's leaders will agree on Friday to push for a free-trade pact with the United States, according to a draft joint statement, putting the onus on the White House to respond to a proposal that …
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Softbank Capital Announces New $250M Princeville Growth Fund To Help Startups Expand Into Asia
"Softbank Capital, the venture arm of Japan’s massive Softbank Corp, has just announced a brand new growth fund of $250 million that the firm is calling ‘the Princeville fund.’ Thus far, Softbank has …
U.S. government slams S&P with $5 billion fraud lawsuit
"The government is seeking $5 billion in its civil lawsuit against Standard & Poor's, accusing the ratings service of defrauding investors, in one of the most ambitious cases yet from the Justice …
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S&P expects US government lawsuit over subprime ratings
"Standard & Poor's says it is to be sued by the US government over the credit ratings agency's assessment of mortgage bonds before the financial crisis." Source: BBC News - Standard & Poor's …
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US Private sector adds more jobs than expected in January
"Private-sector employers added 192,000 jobs in January, more than economists were expecting, in a sign of growth in the labor market, a report by a payrolls processor showed on Wednesday." Source: …
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Spain’s recession worsens in the fourth quarter
"The downturn in the Spanish economy worsened in the final three months of 2012, as output fell 1.8% from a year earlier, official data has indicated." Source: BBC News - Spain's recession worsens in …
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