U.S. pulls the plug on the world: comments

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

Libyan leader’s visit comes with upside for business Libyan leader Moammar Gadhafi is visiting Moscow for the first time in 25-years, seeking to expand an energy and military partnership. Gadhafi is expected to sign a 2 billion dollar contract on weapon supplies, while...

Real sectors of economy wait for Government funds to flow through Russia is channeling tens of billions of dollars into the financial system to prop up the economy. But many Russian companies complain the banks are not passing it on.

Kamaz posts 1H 2008 Net Profit of $165 million Russia’s leading truckmaker, Kamaz, has posted a Net Profit for 1H 2008 of $165 million under IFRS.

Duma approves Russia’s 3 year budget The State Duma has approved Russia's budget for the next three years.

Chelyabinsk Zinc posts Net Loss of $33.51 million for 1H 2008 Russian zinc producer, Chelyabinsk Zinc, has posted a Net Loss for 1H 2008 of $33.51 million under IFRS.

Car sales crisis hits Russia The global crisis has had a devastating impact on car sales in Russia and a huge fleet of car transporters is now stuck outside Moscow. The dealer the consignment is intended for is refusing to accept the vehicles...

Crisis and competing currencies Always when there is a downturn in the economy a tirade of criticism is directed against the model of market economy and competition. And yet it is the other way around: all financial crises are the result of lack of...

MTS ties up with Vodafone The world's leading mobile telecoms company Vodafone is coming to the Russian market through a partnership with Russia's biggest mobile operator MTS.

Can IMF aid save Ukraine’s economy? Ukraine is passing a series of economic reforms required by the International Monetary Fund to secure a $US 16.5 billion loan. Given the ongoing political crisis, the question is whether the country will be able to...

Buyers return as Russian stocks push higher Russia’s RTS and Micex exchanges surged higher in Thursday trade, with buyer enthusiasm tempered only by trading halts brought about when both indices triggered halts because of the strength of the gains. The gains come...

Russian metals producers pare back to lock in the longer term Russia’s major metal giants have announced they roll back their investment plans for the next year and cut production as the demand falls worldwide.

CTC Media posts 3Q 2008 Net Income of $20.9 million Russian media group, CTC Media, has posted a 3Q 2008 Net Income of $20.9 million under U.S. GAAP.

Russian stocks push higher on Thursday Russia’s RTS and Micex exchanges have posted strong gains in Thursday trade in the wake of a further cut in the overnight funds rate in the United States, rebounding crude prices, and a strong performance in Asian trade.

New cars stuck in limbo as crisis begins to bite As the credit crisis spreads, car dealers are turning back deliveries of new vehicles. Hundreds of unsold cars line the road to Moscow as Renault Russia claims it has nowhere to put them. Truck drivers are threatening...

Russian oil producers cut capital expenditure while looking for taxation... Russian oil companies are cutting investment programs as oil price drops and credit streams dry up. To slow production fall they urge the state to cut export duties and reduce tax burden.

Crisis myths damn the bailout Researchers at the one of the 12 Federal Reserve banks, Minneapolis, have challenged U.S. authorities to publish the data which justifies the multi-billion-dollar bank bailout.

Ruble to hold firm against those looking for a devaluation The rampant dollar has been rising against every currency in the world – except the Japanese yen. That volatility has got countries like Russia keen to do more trade in their own currency.

Ukraine on the brink of financial collapse Inflation in Ukraine will accelerate and the country will find itself on the brink of a default without financing from the International Monetary Fund, according to the chairman of the National Bank of Ukraine Chairman,...

Magnit posts 98% jump in 3Q 2008 Net Profit Russian retailer Magnit has posted a 3Q 2008 Net Profit of $118.9 million under IFRS.

Peter Mandelson resurrects UK-Russia Committee on Trade and Investment British Business secretary Peter Mandelson has relaunched the UK-Russia Committee on Trade and Investment after a six-year hiatus.

Return to trade brings an upside for Russian stocks After being closed for Friday and Monday, as global equities continued their horror patch, Russian stocks rebounded on Tuesday on the back of firming oil prices and a more positive global outlook.

Russia and China look to move trade to new level Russia and China will jointly finance an oil pipeline to China. It's a strategic export destination for Russian energy and an essential resource for fast-growing China, while leaders of the two nations are looking to...

Strong dollar, weak dollar I got a question from a reader after my last article, suggesting the US was pursuing a strong dollar policy to refinance its economy, at huge risk to the rest of the world. The reader asked: “Isn't it the case...

RTS and Micex make tentative return to trade Russian stocks have resumed trade on Tuesday after a layoff enforced in the wake of Fridays 13% slump. In mid morning trade both are higher after a volatile start, amidst signs a floor is forming under global crude...

Trading halts: Sign of the times or a head in the sand? As the stock markets in Europe and the United States continue to tremble, some politicians are proposing trade halts. But Russian legislators may go further. Stock markets were shut for a “break” on Monday...

China and India to become Russia's strategic trade partners Russian business is looking to new strategic trade partners. By 2020 China and India will become priority markets for Russia just as the European Union is now. The government has approved the change of direction in...

Joking the crisis away It appears that Russians prefer to fight the global credit crunch with a good laugh.

My own financial crisis - blame the sodding YEN! As the world’s major banks fail and consolidate into one BIGBANK and millions and millions lose their jobs, I’m doomed to become the latest victim of world financial turmoil.

China firms up on Russian energy option Beijing's set to move for a bigger share of Moscow's oil and gas by agreeing to extend Russia's largest pipeline project to China this week. But ahead of Premier Wen Jiabao's meeting with Vladimir Putin this week,...

Travel turmoil as industry braces for downturn Global economic turmoil is already affecting the travel market. For most Russian tour operators the just-completed summer season was the worst in decades, and while they await the winter nervously, insiders say the...

U.S. pulls the plug on the world: comments

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RT asks

The fall of the Berlin Wall through the eyes of Mr Putin

Medvedev’s administration head quits post at swimming federation

Russia grab Karjala Cup, take Euro Hockey Tour lead

Georgian opposition marks anniversary of dispersed protests

“Russia and UK share objective interest in cooperation”

“The fall of the Berlin Wall in 1989 was unexpected”

Video games power on as demand fires up despite downturn

Business ties hold awkward relationship in place

English language service creates a business for those with drive

Scandinavian Nord Stream approvals bring construction closer

CTC Media posts 3Q Net Income of $25.8 million

No final decision on Eurobonds says Deputy Finance Minister

Government holds to conservative GDP outlook while economists see upside

Pencils vs Disney

Putin moves into movie industry

Russian triumph at Sotheby's

Medvedev’s administration head quits post at swimming federation

Russia grab Karjala Cup, take Euro Hockey Tour lead

Russian Premier League title decided?

Soyuz rocket to bring new module to ISS

Soyuz launchers gain a foothold at main European space port

Newborns cry in native tongue