Liberia oil company dismisses all staff to salvage firm

Liberia`s state oil company said Monday it was laying off its entire staff as part of a revamp aimed at saving it from collapse as falling oil prices hit the sector hard.

Oil drops in downbeat start to week

World oil prices fell on Monday after the OPEC crude producers' cartel left its output ceiling unchanged last week in an oversupplied market, dealers said.

Heartbreak and tears as Russians unable to repay dollar loans

Yekaterina Kolotovkina choked back tears as she told how her world collapsed within a few short months.

Heartbreak and tears as Russians unable to repay dollar loans

Yekaterina Kolotovkina choked back tears as she told how her world collapsed within a few short months.

US sanctions may be godsend for struggling Venezuelan leader

 At the start of the year, a grave-faced President Nicolas Maduro promised "God would provide" after oil prices crashed by half, exacerbating Venezuela`s deep recession, chronic shortages and sky-high inflation. 

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Budget 2015: It’s time to expand the tax basket for fiscal prudence

For the current fiscal, the government might achieve the target by selling its stake in PSUs, raising duty on petro products and cutting expenditure, but this is not a lasting solution to the problem.

Russia cuts spending, bails out banks in `anti-crisis` plan

Russia promised government spending cuts but more money for retirees and billions of dollars worth of support for banks as it detailed Wednesday a plan to support its economy battered by low oil prices and sanctions.

BJP will next form govt in West Bengal: Amit Shah

BJP president Amit Shah on Tuesday said that after Jharkhand, Maharashtra and Haryana, the BJP will next form the government in West Bengal.