Jan 16, 2015

U.S. eases travel, trade with Cuba from Friday: Treasury

The United States will ease travel and trade restrictions with Cuba on Friday, implementing last month’s agreement to begin normalizing ties with the Cold War-era foe. “Today’s announcement takes us one step closer to replacing out-of-date policies that were not working and puts in ...

U.S. takes first steps to ending Cuba trade embargo

Jan 16, 2015

U.S. takes first steps to ending Cuba trade embargo

The United States eased decades of trade and financial restrictions on Cuba, opening up the country to U.S. telecommunications, construction and financial services in a slew of changes announced by the U.S. Departments of Commerce and Treasury. The new rules, effective on Friday, are ...

Jan 14, 2015

Japan, U.S. resume TPP talks on farm and auto issues

Trade officials from Japan and the United States resumed talks Wednesday on greater market access for agricultural products and autos under the 12-country Trans-Pacific Partnership free trade initiative. The fresh round of negotiations come after leaders failed to make progress on the TPP at ...

Jan 13, 2015

Japan posts fifth straight current account surplus in November

Japan posted a current account surplus for the fifth consecutive month in November as a weaker yen helped boost repatriated returns on foreign investment, official data showed on Tuesday. The surplus was ¥433.0 billion for the month, reversing a deficit of ¥596.9 billion a ...

'Vibrant India': Modi's superlative act to charm investors

Jan 11, 2015

'Vibrant India': Modi's superlative act to charm investors

Global statesmen and business titans descended on Indian Prime Minister Narendra Modi’s home state on Sunday to pay homage to the man they count on to unleash “big bang” reforms and create one of the few bright spots in a troubled world economy. Big ...

Conflict in rebel-held eastern Ukraine leaves love lives in limbo

Jan 6, 2015

Conflict in rebel-held eastern Ukraine leaves love lives in limbo

When Alla Syrovatskaya’s boyfriend of some two years proposed to her she immediately began planning her autumn wedding, the traditional ceremony she dreamed of and the dress she always wanted. But what the petite shop assistant couldn’t possibly envision was the Russian-backed rebellion that ...

Dec 29, 2014

Ukraine adopts 'draconian' budget backed by IMF

Ukraine’s parliament on Monday adopted an austerity budget that hikes import prices and shrinks social spending to balance the books under a plan backed by the International Monetary Fund. The highly disputed 2015 plan was pushed through by the government-led coalition after a marathon ...

Ukraine truce hangs in balance after 'difficult' talks

Dec 26, 2014

Ukraine truce hangs in balance after 'difficult' talks

by Dmitry Zaks

The latest push for peace in Ukraine appeared moribund on Thursday after initial talks failed to agree when the warring sides should meet again to try ending their eight-month conflict. Negotiations mediated by European and Russian envoys in the Belarussian capital Minsk broke up ...

Putin scraps New Year's holidays for ministers

Dec 26, 2014

Putin scraps New Year's holidays for ministers

Russian President Vladimir Putin has scrapped New Year’s holidays for government ministers because of the unfolding economic crisis. Putin told a televised government session on Thursday that Cabinet ministers “cannot afford” to go on holiday. Russian company employees throughout the country are entitled to ...

Ukraine takes historic step toward NATO

Dec 24, 2014

Ukraine takes historic step toward NATO

Ukraine on Tuesday took a historic step toward NATO in a parliamentary vote that stoked Russia’s anger ahead of talks this week on ending the former Soviet state’s separatist war. Lawmakers in the government-controlled chamber overwhelmingly adopted a bill dropping Ukraine’s nonaligned status, a ...