China raises banking reserve ratio requirement to 13 percent
China`s central bank announced Saturday that it would raise the reserve ratio requirement for commercial banking institutes to 13 percent in a further effort to curb excessive liquidity.
India, Russia to boost bilateral trade
Long-term allies India and Russia have pledged to increase economic and energy cooperation.
Lukashenko offers Russia free 5-year transit on new gas pipeline
Belarusian President Alexander Lukashenko proposed that Russia start to build a second leg of a pipeline delivering natural gas to Europe, and offered free transit for five years.
Hyundai plans to build auto plant in Russia
South Korea`s top carmaker Hyundai Motor said Friday it was considering building a car plant in Russia to meet rising demand there, which could reportedly cost 400 million dollars.
Retail sales jumped up significantly in September
Retail sales posted a stronger-than-expected gain in September, easing fears about a possible recession, while a big surge in gasoline costs pushed wholesale inflation higher.
Russia to discuss its WTO bid with Georgia in Geneva next week
Russia will discuss its bid to join the World Trade Organization with Georgia on October 19 in Geneva, Russia`s top negotiator said Friday.
Sergei Kiriyenko: Trade between Russia and Kyrgyzstan to reach $1bn within 3-4 years
Trade between Russia and Kyrgyzstan could reach $1bn in 2007, the Co-Chairman of Russia-Kyrgyzstan intergovernmental commission and head of the Federal Atomic Energy Agency Sergei Kiriyenko told a meeting in Bishkek, Kyrgyzstan, today.
Mobile phones boost Samsung`s profit
Samsung Electronics Co., one of the world`s top technology companies, announced its first net profit gain in four quarters Friday, led by record sales in its mobile phone division.
US retail giant Wal-Mart eyeing Malaysia: official
The US retail giant Wal-Mart is keen to open stores in Malaysia, a junior minister said Friday, amid a government drive to lure investment and boost economic growth.
Inflation in Russia grows too fast
Russia`s inflation stood at 0.5 percent in the first seven days of October, Chairman of the Bank of Russia Sergei Ignatyev told journalists today. The country`s inflation stood at 9.3 percent in September 2007 compared to the same month a year earlier.
Report: African conflicts cost billions
About $18 billion a year has been drained from Africa by nearly two dozen wars in recent decades, a new report states, a price some officials say could`ve helped solve the AIDS crisis and created stronger economies in the world`s poorest region.
Gazprom inks gas supply deal with Czech Vemex
Gazprom Export, a wholly owned Gazprom subsidiary, and the Czech Republic`s Vemex have signed a long-term contract for the supply of up to 500m cubic meters of natural gas per year between 2008 and 2012, the companies announced in a joint press release.
Moscow, Kiev reach gas deal as Ukraine PM visits Russia
Russia`s state gas giant Gazprom and Ukraine on Tuesday signed an agreement to settle a gas payment dispute that had raised fears in Europe of possible disruptions in supplies.
Nissan praised for environmental efforts
Nissan Motor Co and Daimler AG beat other automakers to be recognized as the sector`s leaders in tackling climate change, Nissan said on Thursday, citing an annual report by a coalition of global investors.
Sakhalin II project met with approval of international consultants
Consultants give environmental approval to
Transneft could get new chief this week
Russia`s government could approve a new chief of state-controlled pipeline monopoly Transneft this week, business daily Vedomosti said on Tuesday, citing the Industry and Energy Ministry.
JP Morgan-led group pays $2.7 billion for Southern Water
A group of infrastructure funds led by JPMorgan Chase & Co agreed to buy UK water company Southern Water from Royal Bank of Scotland for about 1.3 billion pounds ($2.7 billion).
Expect: U.S. unemployment to rise further
The chief economist of international ratings agency Standard and Poor`s expects unemployment in the U.S. to rise further and said the world`s largest economy was only halfway through the present housing crisis.
Russia Rosneft ups 2007 output target to 2 mln bpd
Russia`s largest oil firm, Rosneft, said on Monday it had raised its 2007 oil output target due to bigger than expected organic growth at existing fields and acquisition of new assets of bankrupt oil firm Yukos.
Russia dismisses `hysteric` complaints in gas row
Russia`s gas chief and deputy prime minister scoffed on Sunday at what he saw as hysterical behaviour from other countries about paying for gas, just days after Moscow threatened to turn off supplies to Ukraine.
Norilsk Nickel reports H1 investment
Norilsk Nickel invested $4.209bn in its group companies during the first six months of 2007, the company reported yesterday.
Russian steel maker pays $2.3 bln to win Yakutia coal assets
Russian coal miner and steel maker Mechel paid 58.2 billion roubles ($2.33 billion) on Friday to win an auction for extensive coal assets in the far eastern region of Yakutia.
Russia gold and forex reserves increase on Sep 22-28
Russia▓s gold and foreign exchange reserves increased by 2.6 billon dollars (by 0.6 percent) from 422.5 to 425.1 billion dollars on September 22-28, the economic new agency PRIME-TASS reports on Thursday with reference to the Central Bank of Russia.
Russia`s MMK acquires stake in coal miner Belon
Magnitogorsk Iron and Steel Works, Russia`s third-largest steel maker, has bought 10.75 percent of coal miner and steel trader Belon Group and plans to increase its stake in the firm to secure raw materials.
Russia seeks to ease EU fears in Ukraine gas dispute
Russia on Wednesday allayed European fears of a potential gas supply crisis due to a payment row with Ukraine after the government in Kiev sent a minister to Moscow and pledged to settle the dispute.