Russia slashes space funding by 30 percent as crisis weighs
Russian Prime Minister Dmitry Medvedev agreed to slash funding for Russia's space program by 30 percent on Thursday, an effort to reign in state spending in the face of a deepening economic crisis.
Oil up 6 percent as producers set meeting, Fed seen less hawkish
U.S. oil prices jumped almost 6 percent on Wednesday, erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze and U.S. crude stockpiles grew less than expected.
ECB package can't solve economic problems in Europe: Merkel ally
A senior lawmaker from Chancellor Angela Merkel's conservatives said on Thursday the European Central Bank's package of rate cuts would not tackle the euro zone's economic woes, but could cause the property market to overheat.
China's restructuring will not lead to mass layoffs: regulator
China's economic restructuring will not lead to the kind of mass layoffs that took place in the 1990s, the country's state assets regulator said on Saturday.
ECB package can't solve economic problems in Europe: Merkel ally
A senior lawmaker from Chancellor Angela Merkel's conservatives said on Thursday the European Central Bank's package of rate cuts would not tackle the euro zone's economic woes, but could cause the property market to overheat.
Carry trades at heart of China capital outflows: BIS
Heavy outflows of capital from China have mainly been a result of the unwinding of carry trades aimed at benefiting from rising interest rates and an appreciating yuan, the Bank of International Settlements (BIS) said on Sunday.
Delegate tells China parliament stock crisis 'destroying middle class'
A Shanghai representative to the National People's Congress (NPC) on Sunday lambasted China's market regulators for igniting a stock crisis that is "destroying the Chinese middle class", a rare rebuke for authorities during their biggest annual event.
Oil up on Saudi support, China; poll shows less OPEC output
Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.
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