In a move to gain a larger share of the beverage market outside of North America, Coca-Cola (KO) has bought Russian juice maker Nidan Juices, The Wall Street Journal reported Wednesday
Prices for the staple crop have jumped 50% since late June, topping $7 a bushel on the Chicago Board of Trade. A prolonged drought in Russia, one of the world's largest wheat exporters, has severely damaged crops, and wildfires have swept through some agricultural areas.
Embattled BP CEO Tony Hayward, whose penchant for verbal gaffes deepened the psychological wounds caused by the worst oil spill in U.S. history, will step down from the top job effective Oct. 1 to take over as head of BP's joint venture in Russia, TNK-BP.
BP CEO Tony Hayward is traveling to Moscow to meet with Igor Sechin, a top deputy to Russian Prime Minister Vladimir Putin. The meeting comes as Russian President Dmitry Medvedev is calling for a levy on oil companies to finance a fund to pay for cleaning up the industry's environmental disasters.
President Dimitry Medvedev visited California Wednesday to pitch tech CEOs on his plan to establish a Silicon Valley-esque innovation center outside Moscow -- and to lure Russian entrepreneurs back home.
The Federal Reserve is far and away the biggest holder of gold reserves in the world, but other large central banks are sitting on considerable amounts of the precious metal as well. From Germany to India, take a look at the top owners of gold reserves.
As the conflict in Afghanistan drags on, the U.S. has announced that the troubled Asian nation is sitting on upwards of $1 trillion in untapped mineral deposits. However, the resources are likely to end up getting mined not by American but by Russian and Chinese firms.
The U.S. stock markets had a dismal decade while many emerging economies delivered blockbuster growth. That's prompting investors in the developed world to grapple with how to take advantage of the explosive growth abroad -- without getting burned.