RTS and Micex in positive mood on oil rebound, as Government starts buying: comments

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

Majority of Americans predict voter fraud in U.S. election - poll A majority of Americans think that the U.S. presidential election next month will be marred by fraud. A survey released by Opinion Dynamics suggests over 60 % believe there will be widespread voter fraud, with 35 %...

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UralChem boost Net Profit to $257 million for 1H 2008 Russian fertilizer producer UralChem has boosted Net Profit for 1H 2008 to $257 million under IFRS.

Russian stocks head south in afternoon trade Russia’s RTS and Micex indices are lower in afternoon trade following in the wake of overnight falls on Wall street, which has flowed through to Thursday trade in Asia and Europe.

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Russian stocks mixed on Thursday after continuing sell off in Asia Russia’s RTS and Micex exchanges were mixed during Thursday lunchtime trading despite further falls overnight on Wall Street and a poor performance in Asia on Thursday. At 12.00 the dollar denominated RTS was up .5% wit

Tatneft 1H 2008 Net Income up 27% Russian oil producer, Tatneft, has reported a 1H 2008 Net Income of 21 Billion Rubles or $778 million, under U.S. GAAP.

6-9 months before economic improvement as retailers brace for impact of downturn A top government official's warned it could take 9 months before Russia's economy turns the corner. Banks and builders are already in crisis-driven consolidation. The head of the country's largest restaurant chain says...

Ruble slump puts currency movements in spotlight The Ruble hit its lowest level against the dollar in 2 years on Wednesday – as the greenback made strides against all the major currencies. Analysts say Russia's currency will track oil prices, which have...

Energy week sees focus on investment in gas production Stronger together – the message from the first day of Energy Week in Moscow. Representatives of OPEC are talking to Russia's government about the organisation's efforts to support the oil price, possibly by...

Rouble slumps against dollar The Russian Rouble has fallen to its lowest level against the U.S. dollar in 2 years, after 6 successive days of falls.

Gazprom muscles up with $10 Billion 1Q 2008 Net Profit Gazprom has posted a 1Q 2008 Net profit of $10.1 Billion under IFRS.

RTS and Micex wilt as oil heads south in Wednesday morning trade Russia’s RTS and Micex exchanges have opened sharply lower on Wednesday with sliding crude prices, combining with overnight losses on Wall Street and a weak Wednesday performance in Asia, outweighing the start of...

New Russian airline to heighten competition Russia will soon have a new national air carrier – a project of the Moscow City Government and the State Corporation Rostekhnologii. It could spell trouble for Aeroflot and other domestic carriers.

Gas troika to become new player in energy Russia, Iran and Qatar have agreed to work together to find and produce gas. But heightened cooperation between gas producers is worrying to Western consumers.

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Russia joins Iran and Qatar in gas troika Russia, Iran and Qatar have agreed to form a so-called gas Troika, for joint exploration and production, according to Russia's Gazprom.

Foreign investors and Russia look to long term Foreign investors have confirmed their intentions to launch multi-million dollar projects in Russia. The announcement was made by Prime Minister Putin after a meeting of the Foreign Investment Advisory Council in...

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Credit crunch hits Russia’s richest in the pocket The recent losses of Russia's richest businessmen, in the wake of the meltdown of the worlds equities markets, and ensuing financial chaos, have been calculated by Smart Money magazine. If the upside of being a wealthy...

Sberbank 1H 2008 Net Profit jumps 40% Russia’s largest bank, Sberbank has reported a Net Profit of 67.2 Billion Rubles, or $2.55 Billion under IFRS.

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World leaders to unite for finance crisis summit The presidents of the United States and France, as well as the head of the European Commission, have agreed to start consultations with world leaders on holding a series of summits devoted to fighting the global...

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Icelanders hope for Russian cash The past week has been a tough one for Iceland. The island of 300,000 people has so far been the most serious state victim of the global credit crunch. Its economy has nosedived after years of prosperity, with its banks...

RTS and Micex in positive mood on oil rebound, as Government starts buying: comments

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