Oil price hits record high on Iran tensions, supply concerns
World oil prices surged to historic highs Friday, breaching 92 dollars for the first time in New York amid rising tension in crude-rich Iran and tightening US energy supplies.
$40 mln to be provided to curb food prices - Kudrin
The Russian government has offered an additional 1 billion rubles ($40 million) to subsidize borrowing rates for purchases of agricultural produce, a deputy prime minister said Friday.
Gold price strikes fresh 27-year peak
The price of gold rocketed Friday to the highest level since the start of 1980, as the precious metal won support from the weak dollar and record high crude oil prices, traders said.
Dollar at record low against euro
The dollar slumped to a record low against the euro on Friday after weak US economic data heightened expectations of a fresh cut to US interest rates next week, dealers said.
Russia pins hopes on new uranium deposit in East Siberia
A large uranium field will be developed in Yakutia in East Siberia, a first deputy prime minister said on Friday.
Russia to include the Arctic Lomonosov Ridge in Russia`s economic zone
Russia`s minister of natural resources said on Thursday that Russia has grounds to include the Arctic Lomonosov Ridge in the country`s economic zone.
Norway`s StatoilHydro to join Russia`s Shtokman gas project
Norway`s StatoilHydro will participate in developing Russia`s massive Shtokman gas field alongside Total of France, the Kremlin said Thursday.
China`s economy grows 11.5 percent in third quarter
China`s economy expanded at a blistering pace in the third quarter, the government said Thursday, even as it declared the immediate overheating risk had receded thanks to a series of control measures.
Russia`s bank plans two Eurobond issues
Russia`s second largest bank state-controlled VTB plans two Eurobond issues, a market source said on Thursday, as international capital markets re-open for Russia`s first-tier borrowers.
Russia-Venezuela business forum to hold in Caracas today
Russia-Venezuela business council meets here on Tuesday. The chiefs and top managers of the leading Russian fuel-and-energy companies, such as Gazprom, LUKOIL, Rosneft, TNK-BP, and Tatneft, will take part in the forum.
Russia to repay debts to World Bank ahead of schedule
Russia wants to redeem most of its debts to the World Bank ahead of schedule and plans no further borrowing from either the World Bank or the European Bank of Reconstruction and Development.
Russia`s Zinc Plant to supply metal to Ukraine, Belarus
Russia`s Chelyabinsk Zinc Plant said on Tuesday it will supply 5,300 tonnes of the metal and alloys to Ukraine and 500 tonnes to Belarus through local traders this year, thus diversifying its sales pattern.
Russia says U.S. seeks swift end to WTO talks
Russia`s Finance Minister Alexei Kudrin said late on Saturday that U.S. officials have expressed the wish to conclude as quickly as possible multilateral talks on Russia`s accession to the World Trade Organisation (WTO).
Russia to export electricity to China
The Russian Industry and Energy Ministry is expected to review RAO UES`s project on the electricity exports to China, Anatoly Chubais told journalists on Friday.
World Bank chief calls for new direction for lender
World Bank President Robert Zoellick on Sunday called on the bank`s 185 member nations to back a new direction for the poverty-fighting institution and give the private sector a bigger role in helping poor nations. ADVERTISEMENT
Russia PM revives idea of trans-Belarus gas link
Russia`s Prime Minister Viktor Zubkov said on Friday it would make sense to revisit a proposal to build a second gas export pipeline link to Europe through Belarus.
Analysis: Finance chiefs have full plate
Faced with soaring oil prices, a falling dollar and the worst credit crisis in nearly a decade, the masters of global finance have a simple message for jittery markets: Be calm, we are keeping an eye on things. ADVERTISEMENT
Russia interested in gradual dollar decline
Russia is interested in gradual U.S. dollar decline, Russian Vice-Premier and Finance Minister Alexei Kudrin said. He participated in the Group of Eight finance minister and central bank head meeting in Washington.
Viet Nam PM commits to fostering Viet Nam-Russia economic ties
"The Vietnamese government will foster economic, trade and investment cooperation with Russia , benefiting both countries", Prime Minister Nguyen Tan Dung said.
G7 squeezes China, warns of growth slowdown
The world`s top finance leaders said Friday order was returning to financial markets but warned of lingering instability likely to dampen economic growth as they turned up the heat on China to ease its currency restrictions.
Oil prices hold near $90 a barrel
Oil prices held near $90 a barrel Friday, a barrier crossed for the first time in after-hours trading in New York on speculative buying.
Stabilization Fund permits Russia to repay $343 mln debt to U.S. ahead of time
The Russian Finance Ministry plans to repay, ahead of schedule, a $343 million loan to the U.S. on Friday under a 1998 credit agreement for agricultural supplies saving $46.7 million in interest.
EU says SKorea must do more for trade deal
The European Union on Friday said it was disappointed with South Korea`s offer in talks on a free-trade agreement and called on Seoul to do more.
Spending on computer technology in 2007 to top a trillion dollars
Spending on computer technology will top a trillion dollars this year as the industry grows increasingly vital to national economies worldwide, according to a study by the technology market intelligence firm IDC released Thursday.
Euro breaks above 1.43 dollars for first time
The European single currency surged past 1.43 dollars for the first time in its short history on Thursday, lifted by the prospect of lower interest rates in the United States.