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.
Russia to use rubles in oil trade
Russia could start using rubles in oil trade in five years, Russian Finance Minister Alexei Kudrin told journalists today.
Russia`s MTS Q3 net up 35 pct, beats forecasts
MTS , Russia`s largest mobile phone operator, posted a better-than-expected 35 percent rise in third-quarter earnings on Tuesday, helped mainly by growth in usage.
OPEC comment drives oil close to $95
Oil prices rose Monday with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar.
In 2008 inflation in Russia will amount to 7.5% - World Bank
"The World Bank forecasts that inflation in Russia in 2008 will amount to 7.5%", said Paloma Anos Casero, the bank`s economist behind a report on the Russian economy.
Polyus Gold acquisition talks freezed
Alrosa, Russia`s largest diamond producer, has suspended talks on the acquisition of gold producer Polyus Gold, Russia`s finance minister said on Friday.
Divided OPEC meets for summit
OPEC heads of state converged on Riyadh for a rare summit opening Saturday with the organisation divided over the falling US dollar and attempts to give a political impetus to the oil-exporting cartel.
Italian prime minister to visit Russia for boosting economic ties
Italian Prime Minister Romano Prodi will make a visit to Russia on November 22 at the invitation of Russian President Vladimir Putin, the Kremlin press service said on Friday.
Oil prices rise above $94 a barrel
Oil prices rose Friday amid expectations that global crude supplies will remain tight despite a U.S. oil inventory report that showed a surprising increase in domestic crude stockpiles.
Russia ratifies deal to restructure Cuba`s debt
Russia`s lower house of parliament ratified on Friday an intergovernmental agreement on restructuring Cuba`s $166 million post-Soviet debt to Russia.
Russian truck maker KAMAZ postpones $266 mln bond
Russia`s largest truck maker, said on Friday it has postponed until 2008 a 6.5 billion rouble bond issue originally planned for this autumn.
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.