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More cause for concern

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Published 17 September, 2008, 22:09

More cause for concern

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01:31 Turkmen president to discuss energy partnership in Italy

01:13 Branch of CSTO Institute to open in Armenia

00:49 NASA astronauts complete third, final spacewalk

00:08 Death toll in Ukraine flu, ARVI epidemic reaches 388

00:08 Ukraine's swine flu crisis

23:52 Large Hadron Collider

23:52 Large Hadron Collider makes first proton collisions

23:19 Ukrainian foreign minister to visit Poland

RT asks

With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

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Crisis? What crisis? Foreign investors say their business in Russia has not been affected by the recent turmoil on the country's financial markets. Meeting for an economic forum in the southern Russian city of Sochi, the business community p

Putin pledges support for economy The fundamentals of the Russian economy are all “normal”, according to Prime Minister Vladimir Putin. He was speaking at the Seventh International Business Forum in the Black Sea resort of Sochi. In a reference to the cr

Credit spectre haunts Russian banks The markets recovered strongly after their worst week since the 1998 default. At the end of a frenetic days trade on Friday the RTS ended on 1295 points, still 600 down on August. Fears for the banking system drove the...

Russian stocks end tumultuous week on a high note After being closed on Tuesday afternoon, and then again from lunchtime Wednesday until Friday morning, Russia’s stock exchanges powered to a Friday close which saw the RTS 22% higher for the day, and the Micex up more th

Stop start day as Russian shares soar Trading on the RTS and Micex was halted on Friday morning with the indices jumping phenomenally in the first hour of trade, and then being stopped again for an hour mid-afternoon. Friday is the first day's trade after t

Investors remain optimistic as Sochi forum opens The Seventh International Business Forum in Sochi is set to open amid great nervousness on the part of investors. However, according to Russian Prime Minister Vladimir Putin, the question is no longer whether to invest...

Russian Government unveils steps to counter financial meltdown The Kremlin has been working overtime to restore investor confidence: President Medvedev on Thursday asked for an injection of $20 Billion to prop up the financial system.

Government throws lifeline to sinking market Russia’s exchange markets partially resumed dealing on Thursday, although most kinds of trading remain suspended. The closure on Thursday followed heavy sell-offs, which sent the value of shares plummeting. The Finance...

No delays in gas deliveries to Europe via Nordstream The Nordstream gas project has been the key focus of a meeting between Russian Prime Minister Vladimir Putin, Gazprom chief Alexei Miller, and Nordstream Project head Gerhard Schroeder.

Russian exchanges closed for share trading again on Thursday After halting trade an hour early on Monday, seeing and seeing Wednesday trade halted at midday, amidst a wave of selling, the RTS and Micex remain closed for normal trade on Thursday.

Fears of further turmoil on Russian markets Overall, the Moscow International Currency Exchange has fallen 25 % just in the past three days. Experts fear the slide will continue into October, when end-of-year corporate results could trigger more bank collapses.

Fears grow market crash may hurt real economy Russia has been forced to inject billions of dollars into the country's economy after two disastrous days on the stock markets. Trading had to be suspended on Tuesday and Wednesday, as the fallout of the financial...

AFK Sistema posts 2Q Net Income increase of 130% Russia’s AFK Sistema has posted a 2Q 2008 Net Income of $289.5 million under U.S. GAAP.

RTS and Micex halt trade for second day as initial recovery turns sour Wednesday has seen the Russian indices initially recover some of the ground they lost in Tuesdays massive slump, before a further wave of selling saw a renewed slump, with the Micex and RTS calling a trading halt...

Russian Government makes $44 Billion available to major banks The Russian Government has agreed to load approximately $44 Billion to Russia’s 3 largest banks – Sberbank, VTB, and GazpromBank.

Russian companies look to buy back their own shares Several Russian companies are using the market fall as an opportunity to buy back their shares. One of the first was Norilsk Nickel, which announced a buy-back programme worth $2 billion. Now Severstal is ready to spend...

Stock market sell off turns attention to system framework The scale of the stock market selloff is worrying the country’s stock-market regulators – who are turning their attention to trading rules and market infrastructure.

Russian stock markets plummet Russia’s major stock exchanges, the RTS and the MICEX, suspended all trade for an hour on Tuesday after indices took a dive. The fall reflects events on Wall Street, where share prices have plunged largely due to the...

Russian stock exchanges suspend trade due to panic selling Russia’s major stock exchanges, the RTS and Micex have suspended all trade after a panic driven wave of selling saw the Micex lose more than 16% and the RTS lose more than 11%.

$2.4 Billion in loans approved for major projects to limit impact of global... The Russian government will pump $2.4 Billion in loans to Russian industry, through Vnesheconombank, as the global credit crunch reduces international financing to a trickle.

U.S. financial crisis sends shockwaves globally U.S.-based bank Lehman Brothers on Monday filed for bankruptcy after it failed to find a white knight to come to its rescue. Crushed under the weight of a $60 Billion debt, it lost over 70 percent of its value last week,

President promises liquidity wont be a problem for Russian business Dmitry Medvedev has promised Russian business there will be no shortage of bank finance. He said the government would minimize the negative impact of the global financial crisis and the military conflict in South...

Small business looks for government to free up red tape In the major market economies small business is the key driver. In Russia however, it is all too often dependent on the optimism of individual entrepreneurs. But efforts are being taken to create the necessary...

Stockmarket tracks commodities Recent geopolitical concerns have caused some investors to pull out of Russia, leading to a sell off in the stock market, and difficulties for corporate raising funds. However analysts point to falling commodity prices...

Private and hi tech the key to expanding China business ties A Siberian solar panel maker is leading a hi tech push by Russian companies to add more value to Chinese exports from Russia, with both the government and industry looking for the private sector to lead the way.

Central Bank pumps cash into system to fend off credit crunch The Central Bank pumped a record $13 Billion into banks on Friday, as it battles the spread of the liquidity crisis to Russia. With stocks hitting a 2-year low this week, Russia's economic woes are deepening. Experts...

New capacity pushing pharmaceutical development The Russian government is supporting the development of the country's thriving pharmaceutical market. As foreign capital is raised to meet domestic demand for medicines, co-operation is helping new factories open doors.

Eurasia Drilling posts 1H 2008 Net Income of $132.6 million Independent oilfield services provider, Eurasia Drilling, has posted a 1H 2008 Net Income of $132.6 million under U.S. GAAP.

Metalloinvest moves into copper in a big way A company with next to no experience in copper exploration has won the rights to tap one of the world's biggest copper fields. Metalloinvest pledged extremely ambitious production levels to win the Ukodan auction, but...

Wholesale division of Eldorado declares bankruptcy The wholesale division of home electronics retailer Eldorado has declared itself bankrupt, according to Kommersant, citing information from the Moscow arbitration court.

“People are confused in the face of the pandemic” – journalist

“Scientists would rather change the facts than their theories” – ex-minister

Imaginary girl used by Russian bailiffs turns real and sues them

US Army follows footsteps of Alexander the Great – journalist

ROAR: United Russia “determined itself as a right-wing party”

The US needs a peaceful revolution

Russian carmaking plan under discussion as Avtovaz noise gets louder

Kalina posts 9M 2009 Net Income of $13 million

Putin’s United Russia address puts economy in focus

More turbulence ahead as air travel looks to take off

Corruption clouds ability to address economic reform

Prime Ministers put on smiles to fend off new gas dispute

PPP puts toll roads into overdrive

Shipping jazz to Moscow

Russia’s Victoria crowned Mrs. World

Russian girl Wins Silver at 2009 Junior Eurovision

On Air

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Sharapova Russia’s richest sportsperson of 2009

Remember the Large Hadron Collider? It’s alive & kicking!

Cannibals survived brain disease epidemic thanks to a mutation

Fusion power project launch date doubted

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