Russia’s Constitutional Court Dismissed ECHR Ruling on Compensation for YUKOS Shareholders

Khodorkovsky at his release from prison. Photo, courtesy of ITAR TASS

nsnbc : The Constitutional Court of the Russian Federation dismissed a ruling by the European Court of Human Rights (ECHR) to pay 1.8 billion euros in compensation to the former shareholders of the now defunct Russian oil corporation Yukos. Khodorkovsky at his release from prison. Photo, courtesy of ITAR TASS The ECHR’s ruling that Russia had More...

by nsnbc | Published 5 days ago
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By nsnbc On Wednesday, January 18th, 2017

Vietnam’s Deputy PM Welcomed Asia Infrastructure Investment Bank VP in Hanoi

nsnbc : Vietnam’s Deputy Prime Minister and Foreign Minister Pham Binh Minh held a reception for D.J Pandian, the Vice President and Chief Investment Officer of the Asia Infrastructure Investment Bank (AIIB) More...

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By nsnbc On Wednesday, January 11th, 2017

Vietnamese Banks Report a Good Bottomline and Profits in 2016

nsnbc : Several of Vietnam’s leading banks including Vietinbank, Vietcombank and BIDV reported a good business year and high profits in 2016. Vietnam’s BIDV reported it made pre-tax profits of VND7.5 More...

By nsnbc On Tuesday, January 10th, 2017

Promises Of 50% Minimum Wage Hike Amidst Venezuela’s Runaway Inflation

nsnbc : Venezuelan President Nicolas Maduro proudly announced a50 percent increase in the country’s national minimum wage in 2017. However, those struggling to survive on minimum wage will hardly see any benefits More...

By nsnbc On Sunday, January 8th, 2017

Chinese Firm Wins Major Road Construction Contract in Afghanistan

nsnbc : A Chinese firm was awarded a major road construction contract in Afghanistan. The agreement was signed in the Afghan capital Kabul in the presence of Afghan President Mohammad Ashraf Ghani. The contract More...

Growth accelerations in African countries have been short-lived. That might be about to change. Shutterstock
By nsnbc On Sunday, January 8th, 2017

Africa is poised for sustainable growth and development. But there are risks

Alan Hirsch (TC) : As we know, growth accelerations are pretty commonplace among developing countries. Economist Ricardo Haussman and his colleagues identified 83 growth accelerations of eight consecutive years More...

By nsnbc On Friday, January 6th, 2017

Belgium to Increase Offshore Wind Turbine Subsidies

nsnbc : Belgium will increase its number of offshore wind turbines in the North Sea and will probably increase subsidies over the coming years as wind turbines become increasingly competitive in comparison with More...

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By nsnbc On Thursday, January 5th, 2017

Iraq Cuts Back Oil Production Under OPEC Deal

nsnbc Iraq, on Thursday began the implementation of cuts in oil production in line with the OPEC agreement reached in December 2016. The agreement to cut back production in December came in response to plummeting More...

PDVSA is the single largest source of income for the Venezuelan government, and oil sales accounting for well over 90 percent of the country’s export revenue. (AVN)
By nsnbc On Thursday, January 5th, 2017

Venezuela Begins 95,000 BPD Production Cut Under OPEC Deal

Lucas Koerner (VA) : Venezuela’s state oil company, PDVSA, began on Sunday a 95,000 barrels per day (BPD) reduction in its crude output as part of a production cap agreement brokered by the Organization of Petroleum More...

By nsnbc On Monday, January 2nd, 2017

Results of Poverty Elimination in Mozambique Lagging: World Bank

nsnbc : A report released by the World Bank notes that poverty in Mozambique has fallen but doesn’t benefit everyone and is lagging about 50 percent behind sub-Saharan standards. That said, the proposals that More...