Market Watch November 11: Back on the dipper: comments

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

Acron posts 9M 2008 Net Profit jump of 228% Russian fertilizer producer, Acron, has posted a 9M 2008 Net profit of $384 million under IFRS.

Rouble devaluation opportunity to boost competitiveness Russian authorities are mulling the possibility of gradually devaluating the Rouble.

State will need to support private power generators Russia's private power generators are defaulting on existing debt to finance new generating facilities.

Financial crisis puts the spotlight on Russian competitiveness Russia could use the impetus of the financial crisis to enhance its competitiveness on the world market. Diversifying the economy and increasing exports are the key to making that happen.

Market Watch November 18: A mystery rebound from the depths Russian stocks recovered from a morning sell off to close mixed on Tuesday, with the RTS down but the Micex managing its first gain in 5 days. Oil eased a little further, metals provided a mixed bag, and interbank rates...

Gazprom slams users who claim they can't pay as credit crisis pressures payments Russian gas giant Gazprom has slammed countries which claim they won't be able to pay for next year's gas deliveries due to the global financial crisis.

Severstal posts 9M 2008 Net Profit jump of 112% Russian steelmaker, Severstal has posted a 9M 2008 Net profit of 3.243 Billion under IFRS.

Tvel pushes Russian nuclear energy with Slovak deal Russia's nuclear industry has boosted its influence in the heart of Europe following a deal to supply more than half of Slovakia's electricity. The EU electricity generator says Russian nuclear fuel's now not just...

Market Watch November 17: No lift in sight Russian stocks fell on Monday as the outcomes of the G20 Meeting in Washington failed to impress investors worldwide, with crude and most metals again easing, and the RTS and Micex adding to their collection of...

Russia to chip in, as focus turns to stronger economic policies Russia will help the International Monetary Fund to support countries grappling with the financial crisis, following last weekend's G20 summit. However the country is not going to compromise its national interests...

Prisoners to pay for Israel’s water shortage As Israel’s drought worsens, officials have found a new way to cut back on water consumption. The head of the water authority, Professor Uri Shani, has proposed limiting washing facilities in jails.

G20 outcomes offer hope but little detail At the emergency summit in Washington, G20 leaders agreed to tighten regulations, clarify accounting rules and increase the transparency of the financial markets. But how to go about it remains unclear.

Power sector reform stalls as cash dries up OGK-2, one of Russia's largest electricity generators, is asking the government to let it postpone its investment program for at least two years. In the face of the credit crisis, generators are struggling to find the...

Belarus threatens to quit IMF Cash-strapped Belarus has said it may turn its back on the International Monetary Fund if the organization refuses to give it a US$ 2 billion loan.

World waits for answers from G20 on financial chaos With the Euro-zone and US in recession, the world’s leaders are meeting in Washington to discuss what to do next. Members of the Group of 20 will put their rescue plan on the table – but few expect firm...

Market watch November 14: Mild relief before global clouds move in once again Russian stocks jumped out of the starting block on Friday, buoyed by a surge overnight on Wall street which flowed thought to moderate gains in Asia. The Micex and RTS surged initially but came back to the field, as...

Russian Railways to issue infrastructure bonds and take loan Russian Railways will issue $3.75 Billion worth of infrastructure bonds, as the credit crisis chokes off its access to overseas capital markets.

Baku energy summit mulls gas pipeline routes An alternative energy route to Europe is the main topic at the energy summit in the Azerbaijani capital of Baku. Azerbaijan, Georgia and Ukraine – along with some eastern European countries – are...

Razgulay posts 1H 2008 Net Profit of $26.9 million Russian agricultural producer, Razgulay Group, has posted a 1H 2008 Net Profit of $26.92 million under IFRS.

Global manufacturers talk up Russia’s longer term Russia's financial sector is living through hard times. But major multinational manufacturers say they remain bullish about the country's longer term perspective. Despite the turbulence they're not ready to scale back...

EU looks to diversify gas supplies The European Commission has unveiled new plans to diversify its energy imports. It wants to reduce reliance on Russia, which supplies the EU with most of its oil and gas.

Japan weathers the economic storm As the U.S. and Europe suffer the full force of the recession, things don’t seem that bad in the Far East. Residents there are optimistic and financial experts say Japan has both a geographical and political advantage...

Market Watch November 13: How much deeper can we go? Thursday saw Russian stocks on the receiving end of yet another beating, as the overnight selloff on Wall Street washed over Asia, combining with plummeting crude prices to provide another pummeling for Russian...

EU looks to diversify energy supplies after Gazprom head says era of cheap... The European Commission has unveiled new plans to diversify its energy imports – reducing reliance on Russia, which supplies most of its oil and gas.

MTS posts 3Q 2008 Net Income of $516.6 million Russia’s largest mobile provider, Mobile TeleSystems, or MTS, has posted a 3Q 2008 Net Income of 516.6 million under U.S. GAAP.

Vekselburg calls for weakening Rouble The head of Renova investment group, Viktor Vekselberg, says a Rouble devaluation is now needed to support Russia’s export-oriented economy.

Rouble woes mount as Central Bank defence falters As world's central banks reduce their refinancing rates, Russia has raised it by 1 percentage point to 12%. Analysts say the government is paying the price for bolstering the Rouble.

Gazprom and BASF join forces to turn on Urengoy gas Russian gas giant Gazprom, together with partner BASF, has tapped new supplies in the Urengoy gas field – the world’s second largest. Despite falling gas prices and a forecast drop in demand next year, the...

Timber export tariffs held off as Prime Minister Putin visits Finland Russia won't increase export duties on timber in the next nine to twelve months. Prime Minister Vladimir Putin announced the decision after negotiations with his Finnish counterpart on Wednesday. But other issues like...

EU must decide on gas pipe – Putin Prime Minister Vladimir Putin has called on Europe to make a decision on whether it wants the North Stream gas pipeline. Otherwise, he said, Russia would concentrate on liquefied gas production.

Market Watch November 11: Back on the dipper: comments

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RT asks

Mercedes names Rosberg first driver for 2010

Sharapova Russia’s richest sportsperson of 2009

Eight killed in arsenal cleanup operation

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

The US needs a peaceful revolution

US public demands a Fed audit

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

Severstal posts 3Q 2009 Net Profit of $66 million

Shipping jazz to Moscow

Russia’s Victoria crowned Mrs. World

Russian girl Wins Silver at 2009 Junior Eurovision

Mercedes names Rosberg first driver for 2010

Sharapova Russia’s richest sportsperson of 2009

Advocaat to replace Hiddink as team Russia coach?

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

Cannibals survived brain disease epidemic thanks to a mutation

Fusion power project launch date doubted