Angela Merkel, the German chancellor, once described Vladimir Putin as living in a �parallel universe�. Amid the economic crisis that grips his nation, this is how that alternative reality may look through the Russian president's eyes.
The existing home sales in the United States dropped to a six-month low in the month of November after two consecutive months of strong surges, underlining the uneven nature of the recovery of the housing market.
The French industrial giant Alstom has agreed to plead guilty and pay a $772 million penalty to the United States in a bribery investigation by the Justice Department.
Goldman Sachs Group Inc. (GS) sold a metal-warehouse unit it acquired in 2010 to Reuben Brothers after the business attracted congressional scrutiny.
(Adds Rousseff comment on board changes, share price rise). By Jeferson Ribeiro. BRASILIA Dec 22 (Reuters) - Brazil's President Dilma Rousseff said on Monday she has no plans to replace the chief executive officer of state-run oil firm Petrobras, saying ...