Russia's government-owned oil company Rosneft says US sanctions imposed on Russia will only hurt the US and other Western investors. Rosneft says that the US sanctions are 'illegitimate and groundless.'
The downing of a Malaysia Airlines jetliner last week is further straining relations between Russia and the West over Ukraine. That could spell trouble for several major oil companies operating in Russia.
The Ukraine conflict finally touched the world with the downing of Malaysian Airlines Flight 17. Now the world can honor the victims of MH17 by seeing such conflicts in a new light – as ones that need leaders with the humility to know they cannot always control the violence they unleash.
As Congress tries to ban the practice of inversions – when US based multinationals merge with foreign firms to lower their tax bill – it actually puts Congress and US corporations on a destructive path, writes Howard Gleckman. What does that mean for reform within US corporate tax system?