Russia places $2.15 bln in budget fund auction
Russia placed 53.13 billion roubles of temporarily free budget cash in short-term deposits in commercial banks at an auction at an average rate of 8.04 percent, the Finance Ministry said on Tuesday.
BMW expects more growth in Russia this year
BMW the world`s largest premium car maker, can still maintain the 40 percent annual growth rate in Russia this year but volume increases will decelerate starting 2009.
Oil rises because of Russian worries
Oil prices rose slightly Monday as a flat U.S. dollar countered worries that tensions with Russia could interrupt the flow of crude between Europe and Asia.
Russia to break with some of WTO accords
Russia decided Monday to break off some trade agreements reached during negotiations to join the World Trade Organisation, as relations between Moscow and the West grew increasingly tense.
Russia to build gas pipeline in UAE
Stroytransgaz, one of Russia`s largest engineering and construction companies, announced Thursday it had signed a $400 million contract to build a gas pipeline in the United Arab Emirates.
Russia`s gold output up increased in January-June
Russia`s gold output increased 12.5%, year-on-year, in January-June 2008 to 62.06 metric tons (1.99 million ounces), the Union of Russian Gold Miners said Thursday.
BP to appeal against Russian ruling on secondees
BP said on Thursday it will appeal against a Russian court ruling that it illegally used its own staff at its Russian venture, TNK-BP, which if upheld may ultimately cost the oil major around $400 million.
TNK-BP problems won`t be fixed soon
Oil major BP and its four billionaire partners in Russian joint venture TNK-BP appear no closer to resolving a conflict over management after a board meeting in Cyprus on Friday, sources told Reuters.
Russian oil slows to Czechs after accord with US
Russia has reduced its oil shipments to the Czech Republic without providing an explanation, the Industry and Trade Ministry announced Friday.
Oil falls below $144 with dollar strengthening
The price for a barrel of oil shed more $2 Monday with the dollar gaining strength, but traders watched for a further weakening of the greenback and renewed Mideast tensions.
BP`s rivals shift in Russian tussle
The fate of the second biggest foreign investment in Russia hangs in the balance amid signs of a shifting mood in the Kremlin which may have wrong-footed investors and one of the world`s biggest oil companies.
Russia accuses BP of breaking labour laws
BP`s unhappy joint venture in Russia, TNK-BP, was in trouble again yesterday when prosecutors said the company had violated local labour laws.
Kerimov`s Polymetal is sold to three investors
Suleiman Kerimov, Russia`s eighth-richest man, sold 68 percent of precious metals miner Polymetal in a $2 billion deal transferring ownership to two Russian businessmen and Czech investment firm PPF Group.
Russia-China trade up 44% last year
Trade between Russia and China increased 44%, year-on-year, in 2007 to $48.2 billion, a Chinese government official said on Sunday.
Russia `to quiz BP Moscow chief`
The head of BP`s oil venture in Russia is to be quizzed by Moscow as part of a tax evasion probe, reports say.
Russia EconMin keeps inflation fcast on cheap grain
Russia`s economy ministry hopes to keep inflation within its 10.5 percent target this year due to falling domestic grain prices, a senior ministry official told Reuters on Tuesday.
Oil prices advance as pump prices rise to new high
Oil futures crept higher as retail gas and diesel prices pushed to new records Monday, adding to the pressure on drivers planning roadtrips for the coming holiday weekend.
Oil steady after record near $124, with bulls in control
ustria - Oil prices held steady Thursday after jumping to a record near $124 a barrel in the previous session, as investors captivated by upward momentum seemed to ignore indications of growing U.S. crude and gasoline supplies.
Russia gasoline tax seen negative for oil industry
A Russian government plan to differentiate gasoline excise taxes based on fuel quality will raise the tax burden for the country`s oil companies, benefiting only a few firms owning sophisticated refineries, analysts said.
Russia stocks are cheapest in Europe on higher inflation
Russia`s stock market is telling Dmitry Medvedev that investors are losing confidence as inflation accelerates and taxes curb profits at the nation`s biggest oil producers.
Russia`s TNK-BP wins $408 mln tax refund case
A Moscow arbitration court on Tuesday upheld a lower court ruling to refund BP`s Russian venture, TNK-BP, 9.7 billion roubles ($408.2 million) it paid as value added tax in 2006, the firm said on Tuesday.
Oil soars to record above $117
Crude oil prices surged above $117, setting a new record high on Monday because of worries of supply disruptions from major producers and comments by OPEC reiterating there is no need to raise output.
Abramovich no longer Russia`s richest as metal tycoons top list
Roman Abramovich has lost his crown as Russia`s richest man despite adding ё2.8billion to his fortune in the past year.
Microsoft evaluating Yahoo bid
Microsoft Corp is evaluating its bid for Yahoo Inc because the Internet company may have lost value since Microsoft made its offer, people familiar with the matter said on Friday.
Russia, Singapore business forum opens to foster closer ties
Singapore`s Trade and Industry Minister Lim Hng Kiang Tuesday urged businessmen from Singapore and Russia to extend cooperation in infrastructure development and the retail sector.