russia

Behind Cyprus' Plan to Seize Bank Deposits

A plan to seize up to 10 percent of Cypriot's savings has been met with fury and raised concern, if not panic, in the rest of Europe about the security of bank deposits.

Vladimir Putin Is Trying to Buy Up the World's Gold

Russia has become the world's biggest buyer of gold. Following a policy set by long-time leader Vladimir Putin, Russia's Central Bank added 570 metric tons of gold, about 25 percent more than second-ranked gold bug China acquired over the same period.

Freedom from Earsplitting Ads: The CALM Act Goes Into Effect

You may not have heard about the CALM Act before, but when you witness the results as the law goes into effect today, you'll probably want to applaud loudly. At last, TV commercials can no longer be broadcast at a higher volume than the programs they accompany.

Automakers Look to Rev Up Sales Growth in Russia

Luxury cars to pamper your inner oligarch caught the eye as the Moscow motor show opened on Wednesday, but it is the Russian of more modest means who has the attention of the world's carmakers, keen to profit from one of Europe's few growing markets.

Beyond Olympic Uniforms: Where the Products We Love Are Made

Forget all the hullabaloo over Team USA's much maligned, Chinese-made Olympic uniforms; we're a nation of importers. But importing from where? Check out DailyFinance's unscientific survey of some of America's more popular products and where they're actually made.

Despite a Profit Blip, Ford's Strong Recovery Continues

Are things really that bad at Ford? You'd think so after its third-quarter earnings report drove its share price down sharply. But despite the tough economic conditions Ford faces, the larger story is that the automaker has become very strong, thanks to its focus on a surprisingly simple plan.

Eastern Europe Gets All Shook Up Over '50s-Style Diners

The world's fourth Elvis-themed restaurant is scheduled to open in a mall in Georgia this year. But not in the Peach State in the heart of the Dixie -- the Elvis American Diner is in the Republic of Georgia. Seems that in the former Soviet Union, the King and 1950s Americana are considered pretty nifty.

Would You Spend $57,400 for a Cell Phone?

Russian billionaires are getting so rich that not even ordinary cell phones will do anymore. Danish company Aesir has created an 18-carat, limited edition cell phone that will retail for more than $57,000. The target buyer? Moscow's fashionistas and monied elite.