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.

A Rookie's Guide to Investing in Emerging Markets

The U.S. stock market's recent gyrations have many investors ready to look overseas for better returns. But it's a complicated world out there, which is why many less-experienced investors are still sitting on the global sidelines. Here's what you need to know make investing in emerging markets a little less scary.

Food, Clothing Prices Should Fall As Commodities Tumble

Over the past year, the prices of many commodities have risen at record paces to record highs. But recently, those prices have begun to plunge, and consumers should begin to see the effects of those declines fairly soon, in the form of less-expensive groceries and clothing.

Is GM's Rebound the Real Deal?

Detroit's revival is nearly complete: Chrysler recently made its first profit in five years, Ford has posted its best results since 1998, and GM is poised to retake the crown as the world's biggest automaker. But to hold onto that position, GM will have to adjust to a rapidly shifting auto market.

Three Stocks Set to Soar on Emerging Market Growth

Sky-high oil prices may slow U.S. economic growth in the quarters ahead, so prudent investors may want to put some money into companies with strong international operations that can take advantage of growth elsewhere. Here are three impressive options.

Is Oil Output Peaking or Not? Either Way, Cheap Oil Is Gone

Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return to the days of $1.50-a-gallon gasoline isn't going to happen.

IMF Lays Out the Challenges Ahead for Global Recovery

In its latest report, the IMF applauds national policymakers for stabilizing credit markets and putting the global economy on a recovery track. However, thorny problems remain -- including how to prevent overheating in emerging markets, and how to cut the U.S. deficit while lowering its unemployment rate.

Investigators Expand Probe into Hewlett-Packard

Hewlett-Packard (HPQ) said that prosecutors investigating charges of bribery in Russia have expanded the probe to other regions. The Justice Department and SEC are examining if HP engaged in illegal activities related to deals in Russia, Serbia and the Commonwealth of Independent States, Bloomberg News reported. The deals date back to 2000.

Pepsi to Take $3.8 Billion Stake in Russian Company

PepsiCo (PEP) will buy a 66% stake in Russian food and beverage company Wimm-Bill-Dann Foods for $3.8 billion. The deal will make Pepsi the largest food and beverage company in Russia, the company said in a statement. It will also boost annual global revenues from "nutritious and functional foods" to almost $13 billion from around $10 billion today.