The global financial crisis and NATO's commitment to Afghanistan: comments

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

Market Watch December 9: Mixed in the afterglow Russian investors came in after Mondays bounce with some enthusiasm. But a return, during the Russian trading day, to a gloomier focus on demand, particularly for energy, saw a mid afternoon high point on both exchanges...

Somali pirates just pawns in a global business Pirates operating off the Somali coast are about to receive another US$3.5 million ransom for the release of the Ukrainian freighter Faina. That will bring their total haul to some US$40 million so far this year. But doe

NLMK sells its majority stake in Tuapse Seaport for $254 million Russian steelmaker, NLMK, has agreed to sell its stake in the Black Sea port of Tuapse to Universal Cargo Logistic Holding for $254 million.

Transport services feel the pinch as financial crisis bites Russian airlines and railways are set to carry fewer passengers next year, as the global financial crisis hits spending. The country’s Transport Minister has promised to compensate losses for Russian Railways, and...

Office rents drop in Moscow and St. Petersburg Demand for office rental space has fallen sharply in Moscow and St. Petersburg, prompting owners of business centers to offer huge discounts to attract tenants.

Crashing sales slam on brakes for Russian carmaking Deteriorating market conditions have forced Ford to halt production at its plant, near St. Petersburg. After record sales in recent years were expected to see Russia become Europe's largest car market, the global...

Ford’s plant extends holiday as sales fall Ford’s car plant in the Leningrad region will suspend production for nearly a month over the New Year’s period – giving workers an extended holiday as demand weakens.

Rostelecom posts four fold increase in Net Profit for 1H 2008 Russian fixed line telecom, Rostelecom, as posted a 1H 2008 Net Profit of 9.8 Billion Roubles ($350.84 million) under IFRS.

RTS looks at 24 Hour trading The head of Russia's benchmark stock exchange, RTS, has told Business RT they could go 24 hours next year. The news comes after evening trading sessions have become a hit with private investors.

Government moves to buy mortgages from banks Among the government's latest stimulus measures is the move to buy mortgages from banks.

Gazprom prepares for future demand with Yamal Gazprom has begun development of its new mega project Yamal in Western Siberia.

Hong Kong touts for Russian corporate listings Russian issuers are looking for opportunities to list publicly – and exchanges are competing to snap them up. Historically, companies have looked to London. But while the credit crisis has hit Western markets...

Trading halts set to become fewer on Russian exchanges Moscow's stock exchanges will halt trade from next month if shares fall more than 15% in an hour. The current cut-off is 10%. Russian finance officials have now asked the London Stock Exchange, to which frustrated...

Gazprom set to take part in Dutch underground gas storage project Gazprom's CEO Alexey Miller has hold talks with Netherlands Economic Minister, Maria von der Hoeven. They agreed to develop an underground gas storage in Holland for Russian gas coming through Nord Stream when it is...

India in focus as Sberbank does the hard yards India will sign up for its first third-generation nuclear reactors from Russia this week.

PM calls it straight on the economy in Q&A session The Russian economy and the Governments efforts to reduce the impact of the global slowdown became a key part of the televised question and answer session between the Russian public and Prime Minister Vladimir Putin on...

Gazprom and Serbia in new talks on NIS Gazprom is to hold another round of talks over purchasing of 51 per cent stake of Serbia’s NIS government oil company. A deal would give Gazprom access to the Balkans downstream market, but it comes at a cost.

Market Watch December 4: A little bit of this, a little bit of that A light and hesitant days trade around the world saw the RTS and Micex close mixed on Thursday, with investors looking for gems in the Prime Ministers question and answer session, watching crude prices continuing to...

Sberbank looks to go global The head of Russia and Eastern Europe's largest bank has boasted of an “historic” opportunity to buy international rivals. In an interview with Business RT, the chairman of Sberbank, Herman Gref, said he'll...

Market Watch December 3: Adrift in the doldrums, sitting lower in the water Russian stocks again drifted lower throughout Wednesday trade as uninspiring crude and metals prices, and diffident sentiment in Europe combined to send the RTS and Micex downhill.

Rusnano Forum puts spotlight on commercializing nanotech projects Moscow is currently hosting Russia's first Nanotechnology Forum, and industry players say the government should be looking to fund more research and development after kick starting its first two projects.

MDM Bank and URSA Bank to merge Private Russian banks, MDM Bank and URSA Bank, have announced the two will merge, to form the second largest private bank in Russia, in the latest consolidation move in Russia’s banking sector.

Razgulay chief calls for increased support for Russian agriculture The head of Russia's largest listed agricultural company has demanded the Kremlin match foreign support for farmers.

Saturn shielded from financial chaos by combined state and private sector... Prime Minister Putin’s visit to Yaroslavl came with significant upside for embattled Aerospace firm, Saturn

Market Watch December 2: The gift horse Russian stocks shrugged off some ominous early sentiment, despite little lead from oil and commodities, and with a possible Rouble devaluation hanging over banks and retailers. The RTS added another stoppage to its...

Turnaround plan brings 3Q 2008 profit for Pharmacy 36.6 Russia’s largest retail chemist, Pharmacy chain 36.6, has posted a 3Q 2008 Net profit of $3.6 million under IFRS.

Insider trading to come into focus with new laws Prime Minister Vladimir Putin has vowed there will be no restrictions on foreign capital in Russian stock markets. He also pointed towards a move to make insider trading, currently not punishable by law in Russia, a...

Fuming drivers set to drive petrol price scrutiny Petrol prices have been slashed across the world, with crude hovering at just a third of its $147 peak. Now Russia's Anti-Monopoly watchdog's set to force Russian oil companies to cut rates.

Market Watch December 1: And then depression set in Russian stocks came under renewed downward pressure on Monday as falling crude and metals prices put the skids under local sentiment, while more clouds moved onto the radar globally, and combined to make the day a...

Rosneft posts 3Q 2008 Net Income of $3.46 Billion Russia’s largest oil producer, Rosneft, has posted a 3Q 2008 Net Income of $3.46 Billion under U.S. GAAP.

The global financial crisis and NATO's commitment to Afghanistan: comments

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RT asks

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