Putin: Russia, China Close to Resolving Gas Price Dispute

Russian Prime Minister Vladimir Putin says Moscow and Beijing are close to resolving a long-running dispute about the price of Russian natural gas to be exported to China’s energy-hungry economy. In an interview with Chinese media published Wednesday as he ended a two-day visit to Beijing, Putin said pricing negotiations between Russian gas giant Gazprom

Mainland Chinese Drawn to Singapore, Tensions Follow

Home prices in Singapore homes hit record highs in the first quarter of 2011, but that did not stop mainland Chinese from continuing to snap up properties in the island-nation.

Hawaii Enjoys Financial Boost from TV Show

For years, Hawaii has been a popular destination for tourists, but now it’s making a name for itself as a TV and film production hub. A reboot of the 1960s police drama “Hawaii Five-O,” which helped develop the state’s movie industry decades ago, is once again boosting its economy.

OPEC Says World Oil Demand Is Slowing

The oil-producing OPEC cartel has for the fourth straight month trimmed its estimate of world demand for oil for the rest of this year and in 2012.

Slovakia Set to Reject Expanded Eurozone Bailout Fund

Slovakia appears set Tuesday to reject an expanded European bailout fund and topple the government of Prime Minister Iveta Radicova, although a new parliamentary coalition could approve the bigger aid plan in the coming days. Sixteen of the 17 nations that use the euro currency have already approved the $596 billion bailout fund.

Slovakia Puts Off Crucial Bailout Fund Vote

Slovakia has become the only European Union country to reject a crucial bailout fund for debt-strapped countries.  Slovakian lawmakers are expected vote again on the measure even as the fallout of Europe’s high debt continues to spread, with tens of thousands of people protesting austerity measures in France.   After 10 hours of debate, Slovakian

Belgium Buys Subsidiary of Troubled Dexia Bank

Belgium decided Monday to buy a subsidiary of the financially troubled Dexia bank, the first victim of new European worries about the spread of Greece’s debt crisis. The Belgian government said it is paying $5.4 billion to buy the national subsidiary of Dexia. The French, Luxembourg and Belgian governments said they would provide an additional

Two Americans Share Nobel Prize for Economics

Americans Thomas Sargent and Christopher Sims share the 2011 Nobel prize in economics for providing ways to understand the impact of policy changes on the economy. The prize is based on old research that is of great interest in the current global financial crisis. “The Royal Swedish Academy of Sciences has decided to award the

Belgium Buys Subsidiary of Financially Troubled Dexia Bank

Belgium decided Monday to buy a subsidiary of the financially troubled Dexia bank, the first victim of new European worries about the spread of Greece’s debt crisis. The Belgian government said it is paying $5.4 billion to buy the national subsidiary of Dexia. The French, Luxembourg and Belgian governments said they would provide an additional

Nobel Economics Prize Goes To Two Americans

Americans Thomas Sargent and Christopher Sims have won the 2011 Nobel economics prize for research on the relationship between government policy decisions and the economy. The Royal Swedish Academy of Sciences awarded the prize Monday to the two American professors for “research on cause and effect” in the economy. The winners’ research in the 1970s