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News
Foreign automakers taken to task in China over dealers' bloated inventories
Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a drop in demand
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Shares off in low-volume markets; safe-havens rise
A wave of risk aversion swept through global markets on Tuesday, with light volume magnifying moves, as end-of-year trades focused on worries about Greece's future in the euro zone, pushing shares lower and lifting the safe-haven yen, silver and gold.
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Kremlin critic Navalny given suspended sentence, brother jailed
A Russian court gave Kremlin critic Alexei Navalny a suspended sentence on Tuesday for embezzling money but jailed his brother for three and a half years in a case seen as part of a campaign to stifle dissent.
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Ukraine's President to meet Russian, French, German leaders, rules out offensive
Ukraine's President said on Monday he would meet the leaders of Russia, France and Germany on Jan. 15 in an attempt to restore peace to Kiev's eastern territories and acknowledged Kiev lacked the resources to regain control by military means.
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Russian economy suffers first contraction since global crisis
Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
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Oil prices drop, market less worried about Libya supply
Crude oil prices tumbled on Monday, with Brent and U.S. crude hitting their lowest levels since May 2009, reversing early gains on selling by investors convinced that supply disruptions in Libya would not offset a global supply glut.
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Russia must influence separatists to end Ukraine crisis, says Merkel
German Chancellor Angela Merkel appealed to the Russian government on Sunday to use its influence on separatists in eastern Ukraine to implement a ceasefire plan agreed in Minsk in September aimed at ending the conflict.
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Crunch time: As sanctions bite, Putin ally gets into apples
As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples.
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