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Taiwan calls on China to release Nobel winner

Nobel peace prize winner Liu Xiaobo absent for award

Norway's Nobel committee held its Peace Prize awards ceremony on Friday without the award's recipient, human rights activist Liu Xiaobo.

China attacks US over Nobel, 19 countries set to miss the event

China attacked the U.S. congressional resolution on convicted Chinese dissident Liu Xiaobo, and urged U.S. policymakers to change arrogant and rude attitude. The country's foreign ministry maintained that Liu, who won this year's Nobel Peace Prize, was not arrested over his calls for democracy, but for the reason that he tried to destabilize the state. Meanwhile, the Nobel committee announced that as many as 18 countries have joined China in the boycott of the Oslo event.

PepsiCo Becomes Russia's Biggest Food, Beverage Co. With Wimm-Bill-Dann Buy

Bottles of Pepsi cola are seen in a display at PepsiCo's 2010 Investor Meeting event in New York

PepsiCo Inc. announced an agreement to acquire 66 percent of Russia's dairy and fruit juice company Wimm-Bill-Dann Foods for $3.8 billion to boost its base in key markets in Eastern Europe and Central Asia. Upon completion of the deal, PepsiCo will be around twice the size of its nearest food and beverage competitor in Russia.

Restricting food exports discourages production: Becker

Government policies all over the world are distorting the market for agricultural products and discouraging their production at a time when there is a global shortage of them.

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USDA makes surprisingly deep cut to world wheat

Devastating drought in Russia and neighboring countries has reduced world wheat harvest prospects more than expected, a U.S. government report showed on Thursday, threatening to renew a blistering price rally that has revived memories of 2008.

India's first jewellery week from Aug 15

Finally, India will have its first ever jewellery week, the India International Jewellery Week (IIJW), from August 15 to 19 in Mumbai. It is a fabulous platform for jewellery designers to come together and showcase their talent. This is the first time the jewellery industry will witness something like this.

Kazakh may ban wheat export under Russian pressure

Kazakhstan expected to succumb to Russian pressure for barring wheat exports outside the Commonwealth of Independent states in order to establish monopoly on their grain supplies.

Wendy's/Arby's plans 180 restaurants in Russia

Wendy's/Arby's Group Inc plans to open 180 dual-branded Wendy's and Arby's restaurants in Russia over the next 10 years, becoming the latest U.S. fast food chain to look to that market for growth.

Wendy's/Arby's to expand into Russia

Wendy's/Arby's Group Inc said on Tuesday it plans to open 180 dual-branded Wendy's and Arby's restaurants in Russia over the next ten years.

Crop outlook worsens in drought-hit Black Sea region

Drought-devastated Russia could extend a grain export ban into next year and may cut its 2010 beet sugar output, reflecting the dimming prospects for crops in the scorched Black Sea bread basket region.

Asian mills eye Aussie wheat as traders scrap deals

Exporters canceled major contracts of drought-hit Black Sea wheat to Bangladesh on Monday, signaling the need for Asian millers to scramble for supplies from other key growers like Australia.

Wheat prices slide again and set for volatile week

U.S. wheat futures fell 4.3 percent on Monday, extending their losses to nearly 12 percent in two sessions as traders take profits from a near-doubling in prices in just over a month. With a key U.S. Department of Agriculture stocks and production report out on Thursday and the impact of a Russian decision last week to ban exports still to be felt, the market looks set for another volatile week.

Wheat price drops sharply after Thursday panic buying

Russia´s ban on grain exports caused a buying frenzy on global grain markets, driving prices up sharply under record high volumes.

Global Wheat prices to remain up on low output outlook

Global wheat prices are expected to remain higher due to lower output forecast by International Grain Council (IGC) and the UN's Food and Agriculture Organization (FAO). IGC has revised the global wheat forecast lower by 1.9% for the 2010-11 to 651 million metric tons due to the output losses in parts of Black Sea regions, such as EU and Canada.

IGC trims wheat estimate to 651 million tones

Adverse weather conditions in major wheat producing regions prompted International Grains Council to trim estimates by 13 million tones this year. According to its latest report, the IGC also trimmed its forecast for world corn production, lowering its forecast for inventories of the grain to a four-year low.

Ukraine parl't approves budget cuts for IMF deal

Ukraine's parliament on Thursday approved budget cuts bringing the deficit in line with the International Monetary Fund's requirements after brief resistance from the Communist allies of the government.

IMF mission agrees on $14.9 billion loan for Ukraine

An International Monetary Fund mission said on Saturday it had agreed to recommend a loan of $14.9 billion for Ukraine in a deal to help fill the country's budget gap and boost investor confidence.

Ukraine close to winning $14.9 billion IMF bailout

Ukraine came closer on Saturday to winning a bailout from the International Monetary Fund as an IMF mission said it would recommend lending $14.9 billion in a deal to help fill Ukraine's budget gap and boost investor confidence.

Minsk sends team to Moscow for crisis gas talks

Belarus said it was sending a delegation to Moscow on Sunday for eleventh-hour emergency talks with Russian gas giant Gazprom after Gazprom threatened to cut supplies over an unresolved price row. Russia has said it will cut 85 percent of gas supplies from Monday to Belarus if its ex-Soviet neighbor fails to pay $192 million in debts to Gazprom --- money Belarus denies it owes.

Special Report: After euro zone crisis, what next?

It was after 1 a.m. on Monday May 10 when a little-known Dutch civil servant made the suggestion that may have saved the euro. European finance ministers had come together in Brussels late on the Sunday afternoon to thrash out a rescue package to stabilize the common currency. Unconvinced by a 110 billion euro deal for debt-laden Greece eight days earlier, the markets had knocked the euro 4 percen...

Russia, Ukraine eye joint oil production

Russia and Ukraine have decided to cooperate in oil and gas sector by allowing swap assets with each other. Speaking to newsmen here after meeting Russian president Vladimir Putin, Ukraine President Viktor Yanukovych said, We could swap some assets with Russia to cooperate in oil and gas production in Russia,

Special Report: Planes, trains and frontier markets

Josephine Jimenez has a chunk of money to invest and she is hunting for opportunities in the usual places -- Zimbabwe, Tunisia, Sri Lanka, among others. Jimenez is a specialist in so-called frontier markets. She stacked up a million air miles long ago.

US may lose top wheat exporter rank after 65 yrs

World's largest wheat exporter, the US is likely to lose its position to Black Sea states, warned US Department of Agriculture. According to a report from the USDA, Black Sea states of Kazakhstan, Russia and Ukraine look set to raise wheat exports by one half to more than 50m tonnes by the end of the decade, overtaking US for the first time since second World War.

World crude steel output up 35.7% in April

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 122 million metric tons (mmt) in April. This is 35.7% higher than April 2009.China's crude steel production for April 2010 was 55.4 mmt, an increase of 27% compared to April 2009. It is the highest amount of crude steel China has ever produced in a single month.

Merger, South Stream not correlated : Russia

Russia said Tuesday, the possible merger of the Russian energy giant Gazprom and Ukraine's Naftogaz has no bearing on the South Stream project. Russian Energy Minister Sergey Shmatko said, We do not relate these two issues. South Stream is an issue of principle for us, a strategic entry to direct supplies for European buyers.

Ukraine wants changes in gas price formula

Ukraine said it will press for changes in the natural gas price formula fixed by Russia's Gazprom and its Naftohaz Ukrainy national oil and gas company. Ukrainian Prime Minister Mykola Azarov said here, We have agreed that we will work on this, since the formula does not satisfy us.