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Investment Markets Currencies Russia and the global economy

U.S. Russia Business summit: Matthew Murray

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Published 08 July, 2009, 16:15

Following the meeting of Presidents Medvedev and Obama, RT and the joint Business summit, RT was joined by Matthew Murray, Executive Director with the Center for Business Ethics, to look at the outcomes.

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Mosenergo posts 1Q 2009 Net profit of 5.27 billion Roubles Moscow electricity generator, Mosenergo, has posted a 1Q 2009 Net profit of 5.27 billion Roubles under IFRS.

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Transgarant posts FY 2008 Net Profit of 160.5 million Roubles Leading Russian industrial railway transporter, Transgarant, has posted a FY 2008 Net Profit of 160.5 million Roubles under IFRS.

Gazprom investment strategy to focus on matching supply with demand While oil and gas firms spent 10% more on new assets worldwide in the first half of 2009 year on year, Gazprom in Russia sharply reduced its investment plan for the year.

Rouble returns to spotlight The Rouble has made its greatest gains against the dollar since March after 8 days of consecutive falls against the Central Bank's target rate and capital outflows from the country.

Sberbank posts 1Q 2009 Net Profit of 600 million Roubles Russia’s largest bank, Sberbank, has posted a 1Q 2009 Net Profit of 600 million Roubles under IFRS.

More starters move to the grid on Opel bidding Car parts producer Magna has cancelled a board meeting scheduled for Tuesday, postponing its decision on buying Opel. With the main bid now uncertain, other players have renewed their offers.

Nabucco go ahead brings rival for South Stream Turkey and four European Union countries have signed a deal to diversify Europe's gas supplies. The Nabucco pipeline is billed as bypassing Russia, but Gazprom has its own projects on the table.

A look at Nabucco and South Stream With Turkey and 4 EU states signing up to supply Caspian region gas to Europe, RT spoke with Vitaly Ermakov, Director of Cambridge Energy Research Associates, about the implications for Russia’s South Stream project.

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Nabucco deal brings supply questions The Nabucco gas pipeline has come a step closer to reality 4 EU states signing a construction deal with Turkey. But Turkey's Energy Minister claims Russia could supply gas to the scheme, making it more feasible.

John Deere ploughs ground for the longer term The world's biggest farm machinery producer John Deere said this week Russia’s protectionist measures make the company more cautious with its investment into the country.

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Business education hits a wall as MBA applicants opt elsewhere The demand for Russian MBA’s has slumped 50% this year, despite the introduction of discounts and flexible scheduling, with the economic downturn putting pressure on business education.

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Aeroflot posts FY 2008 Net Profit of $37 million Russian air flagship, Aeroflot, has posted a FY 2008 Net Profit of $37 million under IFRS.

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U.S. stimulus measure forces NLMK to sack American workers NLMK claims that protectionist measures in the U.S. economic stimulus package are forcing it to sack American workers, and has taken President Obama’s Moscow visit to raise awareness.

Déjà vu in US-Russia ties After several years of steady downturn in relations, the US and Russia are now back to where they were 10 years ago, says Peter Necarsulmer, PNB company CEO.

In their own words: U.S. Russia business ties At the address by President’s Medvedev and Obama of business leaders from the Russian Union of Industrialists and Entrepreneurs and the American Chamber of Commerce, key figures talked up the future of business ties.

“Russia could definitely benefit from US help in IT” “This summit could help Russia get a little bit closer to the center of the world’s IT market, rather than staying on the periphery,” says Robert Farish, the Regional Director of research group IDC.

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