China`s economy 40 percent smaller than estimated: analyst
China`s economy is 40 percent smaller than most recent estimates, a US economist said Wednesday, citing data from the Asian Development Bank and guidelines from the World Bank.
Russia to hike oil export duty
Russia`s oil export duty will be raised to $275.4 per tonne starting from December 1, 2007, according to the resolution on export duties on crude oil and some petroleum products signed by Russia`s Prime Minister Viktor Zubkov.
Russia reserves structure balanced - Central Bank
The currency structure of Russia`s $447.9 billion gold and forex reserves is balanced and does not require changes in response to a weakening U.S. dollar, a top central banker said Thursday.
Siemens, Russia to develop atomic power generation
German engineering conglomerate Siemens signed an agreement on Tuesday with Russia to help the country boost nuclear power generation.
Oil prices drop in Asian trading
Oil prices dropped Tuesday after a key OPEC member left open the possibility the oil cartel will increase output to curb rising prices, and following the strengthening of the dollar overnight.
Rio Tinto rejects US$350 billion BHP Billiton bid
Anglo-Australian mining giant Rio Tinto formally informed shareholders Tuesday that it had rejected an unsolicited 350-billion US dollar merger proposal from BHP Billiton.
Russia`s Sistema-Hals gets $200 mln credit line
Russian property developer Sistema-Hals said on Tuesday it had obtained a 5-year, $200 million credit line from Russia`s second-largest bank, state-controlled VTB .
Russian trade with India boosted by banking, engineering
Russia`s prime minister highlighted banking and engineering as factors boosting bilateral trade with India, at a meeting with the country`s premier on Monday.
Airbus outpaces Boeing and hails record year
European planemaker Airbus outpaced rival Boeing for deals at the Dubai airshow and hailed a record year for orders as Gulf Arab states sought a bigger share of global aviation.
Russia`s Basic Element has no plans to up Hochtief stake
Russia`s Basic Element, owned by billionaire Oleg Deripaska, has no plans to raise its 10 percent stake in German builder Hochtief , its chief executive was quoted as saying on Monday.
Asian markets fall sharply
Asian markets fell sharply Monday as traders took their cues from Wall Street, where shares dropped Friday amid renewed concerns about U.S. mortgage problems.
Moscow-Kiev talks on gas supplies in 2008: preliminary agreement was reached
Ukraine has signaled it will be content with a Russian natural gas price of $160 per 1,000 cubic meters, a top manager of Russian energy giant Gazprom said on Friday.
Lufthansa strikes three-month flyover deal with Russia: Germany
Lufthansa cargo planes will be allowed to fly over Russia until February 2008 in a temporary solution to a dispute that forced them to avoid the country`s airspace, German Transport Minister Wolfgang Tiefensee announced on Friday.
Visa files for $10 billion IPO
Visa Inc, the world`s largest credit card network, filed with regulators on Friday to raise up to $10 billion in an initial public offering, in one of the largest and most eagerly awaited U.S. stock offerings.
30 billion roubles to be appropriated for venture projects
Russian First Deputy Prime Minister Sergei Ivanov said that 10-12 venture funds with capital of over 30 billion roubles would be created in Russia.
Mining giant BHP pursuing Rio Tinto
Investors seem sure that mining giant BHP Billiton will continue its $149 billion pursuit of Rio Tinto, a combination that would control more than one-third of the world`s iron ore sales.
Oil resumes march to $100
Oil recouped early losses to resume its march towards the $100-milestone on Thursday as resurfacing worries of tight winter supplies and continuing dollar weakness put the brakes on some early profit-taking.
Combined assets of Russia’s 30 biggest banks increased by 32.2% for 9 months
Profits of Russia’s 30 biggest banks in January-September 2007 increased by 30.5 percent and amounted to 283,435.963 billion roubles in comparison with the same period of 2006 (with account of the financial results of the previous years), the economic new agency PRIME-TASS reports on Thursday with reference to the Central Bank of Russia.
Russia transferred $562.62 million Soviet-era debt to UAE
Russia has paid off the remaining $563 million Soviet-era debt to the United Arab Emirates, the Finance Ministry press service said Friday.
Russia raps Saudi atomic fuel proposal for Iran
Russia`s nuclear chief on Friday said only full nuclear powers should create centers for enriching uranium, in a swipe at a Saudi proposal for Arab states to help supply Iran with enriched uranium.
Lufthansa willing to move cargo hub to Russia: German ministry
The German transport ministry indicated Friday that Lufthansa was willing to transfer its Asian cargo hub from Kazakhstan to an airport in Russia, but a timetable needed to be worked out.
Russia cannot ignore raid on Ukrainian oil refinery - first deputy premier
Russia will defend its interests in Ukraine, where an oil refinery was raided on October 19 as part of an ongoing row between Russian and Ukrainian shareholders, a first deputy premier Ivanov said on Friday.
Asian, European stock markets slide
Markets in Asia and Europe slumped Friday, tracking losses on Wall Street overnight as investors worried about a possible end to U.S. interest rate cuts and a slowing American economy.
Ruble wins back loss vs. dollar, Euro firms on ruble
An hour and a half into today`s special dollar trading session for tomorrow deals, the weighted average exchange rate stood at 24.67 RUR/USD, which means that the official dollar rate for November 3-6 could be revised RUR0.01 lower.
China`s Brilliance to assemble cars in Russia
China`s Brilliance Auto has signed an agreement to assemble more than 100,000 cars in Russia over the next five years, as it steps up its global expansion plans, state media said Friday.