Russia▓s gold and foreign exchange reserves increased by 9.2 billion dollars (by 2.2 percent) from 424.8 to 434.0 billion dollars from October 6 to 12, the economic new agency PRIME-TASS reports on Thursday with reference to the Central Bank of Russia.
Russia`s inflation may exceed 10 percent in 2007, Deputy Economy Minister Andrei Belousov told journalists today. He noted that a rapid increase in inflation rate in the fall was triggered by higher consumer product prices.
Russia is ready to consider an issue of lifting the embargo for Polish meat only after inspections at companies intending to export their products into Russia, Rosselkhoznadzor Spokesman Alexei Alexeenko is quoted as saying by Mayak Radio.
Russia`s largest car manufacturer AvtoVAZ and Italy`s Fiat Group have signed a memorandum on mutual understanding and cooperation, the Russian company said on Monday.
China kicked off the Canton Fair - the country`s biggest trade show - this week amid lingering concerns about a series of embarrassing product recalls that have raised questions about the "Made in China" label.
Oil prices rose in Asian trading Tuesday, holding above a record close hit overnight on fears Turkey will pursue Kurdish rebels into Iraq and disrupt oil supplies in the region.
Economist Leonid Hurwicz thought he was too old to win the Nobel Prize at age 90 - until his telephone began ringing on Monday morning.
Russian Prime Minister Viktor Zubkov has urged the biggest foreign investors to invest their capitals into the development of Russia`s infrastructure. "The infrastructure is the main challenge to our economy at present, we realize this as well as the fact that it is private investors who should play first fiddle in the investment process," Zubkov said.
Poland could block Russia`s entry to the global trade organization if Moscow fails to lift the 2005 embargo on imports of agricultural products, a deputy agriculture minister said on Monday.
Major banks including Citigroup Inc are looking at setting up a roughly $80 billion fund to buy ailing mortgage securities and other assets, in a bid to prevent the credit crunch from further hurting the global economy, sources familiar with the matter said.
Uralkali raised $947.97m in an IPO on the London Stock Exchange placing 12.75 percent of its share capital at $3.5 per share and $17.5 per GDR representing five shares.
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.
Long-term allies India and Russia have pledged to increase economic and energy cooperation.
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.
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 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 will discuss its bid to join the World Trade Organization with Georgia on October 19 in Geneva, Russia`s top negotiator said Friday.
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.
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.
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.
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.
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 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.
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 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.