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.
Oil above $96 on drop in US supplies
The price of oil rose to a record above $96 a barrel Thursday after a surprise drop in U.S. crude stockpiles raised concerns about supplies for coming winter demand. Other energy futures also gained.
Russian power sector investment could double soon
Investment in Russia`s power sector could double to 1 trillion rubles ($40.4 billion) by next July, when the sector`s reforms are set to end, the industry and energy minister said on Thursday.
Russian and Uzbek prime ministers to discuss bilateral economic cooperation today
Prime Minister Viktor Zubkov will arrive in Tashkent, the capital of Uzbekistan, later on Thursday for an official visit, a spokesman for the Russian government said.
Russia to raise oil export duties
Russia will raise oil export duties to a record $275.4 per ton from December 1, in keeping with world market trends, a senior Finance Ministry official said on Thursday.
Russia`s Gazprom Q3`07 net falls 25 pct vs Q2
Russia`s gas export monopoly Gazprom said on Thursday its net profit in the third quarter fell by 25 percent from the previous quarter to 55.47 billion roubles.
Urals price forecast is raised up to $67
Russia`s economics ministry has made an upward revision of its Urals price forecast for 2007 from $65.5 to $67 per barrel, a senior ministry official said Tuesday.
US stock futures dip, suggest lower open
U.S. stock futures fell Tuesday, indicating a lower start to the regular session, as the Federal Reserve prepares to start a two-day meeting on interest rates.
Russia`s Atomstroyexport to build 4 power units in India
Russia expects to sign an agreement with India to build another four power units for the Kudankulam nuclear power plant in November, Russia`s acting security council secretary said on Tuesday.
Russia is disagree with proposed UN budget
Russia has expressed opposition to a proposed increase in the UN`s budget for the next two years.
Stocks, oil, dollar pause as Fed meeting looms
Asian stocks and oil prices retreated from their peaks on Tuesday and the dollar halted its slide as investors held their fire ahead of a U.S. Federal Reserve policy meeting, where an interest rate cut is widely expected.
Russian oil export duty could rise to $272 per ton
Duty on Russian oil exports could rise by about $21.5 to reach $271.8 per metric ton as of December 1, in keeping with world market trends, a Finance Ministry official said on Monday.
Gazprom is interested in new projects in Venezuela
Russian gas giant Gazprom has submitted a request to Venezuela`s Energy and Oil Ministry to join the country`s three new gas projects, Deputy Prime Minister Alexander Zhukov said after the fourth session of the Russian-Venezuelan commission in Caracas.
PetroChina Shanghai IPO attracts record $440 billion
PetroChina, the country`s largest oil and gas producer, has attracted a record 3.3 trillion yuan (440 billion dollars) in orders for its Shanghai initial public offering, state media said Monday.
Dollar falls to new record low against euro
The dollar sank to a new record low against the euro in Asian trade Monday as market players grew increasingly confident about the prospect of another US interest rate cut this week, analysts said.