Russian-Chinese trade to run up to $40 billion in 2007
Russian-Chinese trade in 2007 will exceed $40 billion, a Russian senator told journalists at a press conference in Beijing on Monday.
SocGen purchase of Russia`s Rosbank at risk -paper
Societe Generale`s purchase of control in Russia`s Rosbank is at risk as state arms exporter Rosoboronexport wants to buy the stake and is seeking to reverse the deal, a newspaper reported on Friday.
Oil stays near $90 a barrel on Iran talk
Oil prices gained overnight and were slightly higher Friday, as the U.S. government lobbied international powers not to back down on OPEC`s second-largest producer, Iran, over its nuclear program.
Russia`s economics ministry updates GDP forecasts
Russia`s economics ministry has raised its official forecasts for the country`s GDP growth until 2010, a ministry official said on Tuesday.
Russian phone company offers to buy Rival
VimpelCom, Russia’s second-largest cellphone company, has offered to buy a rival, Golden Telecom, for about $4.2 billion to create Russia’s first integrated mobile and fixed-line provider.
Britain continues to be Russia`s leading investor in spite of political rows
British companies invested $20 billion in the Russian economy in the first nine months of 2007, making the U.K. the leading investor in the country, the Russian ambassador to Britain said on Tuesday.
Russia`s LUKoil to boost oil refining 34% by 10 years
LUKoil said on Monday it plans to boost crude refining at its enterprises by 34% to 65.7 million metric tons (482 million barrels) per year by 2017 compared with 2006.
Iran top nuclear official confirms to visit Russia next week
Iran`s top nuclear negotiator has confirmed earlier reports that he will visit Moscow next week to discuss the situation around the Iranian nuclear program.
US blasts Japan for `protectionist` trade stance
The United States lambasted key ally Japan Thursday for what it called lack of leadership in talks to forge a global trade accord, accusing the Asian economic powerhouse of behaving like a "protectionist" developing nation.
Oil prices drop below $90 a barrel
Oil prices fell Friday on expectations that OPEC will increase output next week and on fading concerns of a supply disruption from a U.S. pipeline fire.
Russia attracts investors despite its image
As Russia enters a period of political transition, with President Putin`s two terms in office coming to an end, is it on track to achieve his goal of doubling the size of the economy?
Russia and Canada signed broad economic agreements
Canada and Russia agreed Thursday to expand economic cooperation in areas of agriculture, fisheries, nuclear power and trade financing, officials said.
Russia could join WTO without Georgia`s compliance
Russia could join the World Trade Organization even without Georgia`s consent, Moscow`s top negotiator said on Thursday.
European, Asian stocks mostly higher after Wall Street bounce
European stocks mostly rose Thursday, though winnings were less strong than in Asia and overnight on Wall Street, where gains were extended on hopes of another US interest rate cut to bolster the economy.
Oil prices fall in Asian Trading
Oil prices fell Tuesday on growing expectations that OPEC ministers will agree to raise crude production during a meeting next week.
Oil prices rise near $99 as temps fall
Oil prices rose to near $99 a barrel Monday with temperatures falling in the United States and Europe and continued weakness for the U.S. dollar.
Russia won`t break up Gazprom into smaller companies
Russian energy giant Gazprom will not be split into several companies to produce, transport and distribute natural gas, a first deputy prime minister said on Monday.
Russia to start oil supplies to China in 2008
Russia will start supplies of up to 5 million metric tons (36.7 million barrels) of oil per year to China via Kazakhstan from 2008, the industry and energy minister said on Monday.
25% Prokhorov`s stake in NorNickel to be sold to RusAl
RusAl has agreed the acquisition of a 25% plus one share in the metal`s giant, Norilsk Nickel from Onexim Group, Mikhail Prokhorov`s holding company, a company press release said Friday.
European Central Bank chief warns of `brutal` foreign exchange movements
European Central Bank president Jean-Claude Trichet said Friday he did not welcome "brutal" exchange rate movements, a few hours after the euro hit another record high against the dollar.
Euro eyes 1.50 dollars after new record high
The euro Friday neared 1.50 dollars for the first time after reaching a fresh historic high against the US currency, which is suffering from expectations of slower US economic growth and more rate cuts.
Russia ratifies Cuban debt deal
Russia`s upper house of parliament ratified an agreement on Friday on the restructuring of Cuba`s $166 million post-Soviet debt to Russia.
Russia and Italy to build gas pipeline to Europe
Russia, supplier of a quarter of Europe`s gas, signed a pipeline agreement with Italy today that will give the Kremlin more control over the continent`s energy market.
Yukos company officially ceases to exist
The Yukos oil firm has formally ceased to exist following the completion of the company`s liquidation process, the Yukos bankruptcy administrator said on Thursday in Moscow.
Oil prices steady above $97 a barrel
Crude oil prices were steady above $97 a barrel Thursday after failing to break above $100 as a U.S. weekly inventory report showed crude oil stocks rose at a key oil terminal.