The eurozone's single currency plummets against the US dollar, falling below $1.22 for the first time since April 2006.

• May 19, 2010

Sanctions against Iran which include cargo ship inspections are being tabled at the UN Security Council.

• May 19, 2010

TPAO's winning of a second oil-producing tender will have a positive impact on the relations between Iraq and Turkey, Iraq's minister of oil has said.

• May 19, 2010

The “secret plans” of the Kremlin and Foreign Ministry to improve relations with the West is a topic of heated discussion among foreign policy analysts and journalists.

• May 19, 2010

Russia's on-again, off-again plan to pursue World Trade Organization (WTO) membership bid jointly with Kazakhstan and Belarus (first announced in June 2009) remains up in the air.

• May 19, 2010

Ukraine’s credit ratings were raised at Standard & Poor’s on improvements in the country’s policy coordination and after a Russian gas subsidy agreement helped boost the government’s debt outlook.

• May 18, 2010

This year marks the 60th anniversary of diplomatic relations between the People's Republic of China and India, a momentous occasion that invites reflection on where the two Asian giants are heading in the much-touted "Asian century".

• May 18, 2010

There is a glut for natural gas in the US market as a result of many shale gas discoveries and their rapid development. Consequently, major volumes of LNG originally developed for the US market are being diverted to Europe and other parts of the world

• May 18, 2010