Business

bannertopleft

mainpromo_news

Moody’s said to downgrade Spanish banksMoody's is reportedly set to downgrade 21 Spanish banks according to a Spanish economic daily, thereby casting another blow to the banking industry in Europe. 1 Gazprom struggles for Ukrainian marketRussian gas major Gazprom has proposed to Ukrainian Naftogas to jointly develop a shelf project in the Black Sea. Gazprom has become concerned that Ukraine might cut gas imports from Russia after increasing its own production. 2 EU vegetables still unsafe?Russia has expressed doubt over the safety of agricultural products from the EU. The country’s Chief Sanitary expert says the Netherlands still conduct prohibited experiments on mutant strains of bird flu. 3 Russia's power sector: Hard time ahead?Russia’s power sector has had a financial black-out, as the capitalization of two major grid companies dropped by $1.3 billion on Friday. The shares of IDGC Holding lost 10%. 4 Russian car shopping spreeNew car and light commercial vehicle sales in Russia rose 14% in April from that month last year to 266,267 units, says the Association of European Businesses (AEB). In 2012, Russians have bought 880,540 units - an 18% increase year-on-year. 5

RTS index

Last index: 1369.4 on 16.05.2012, 23:50

Last closing: 1373.61

By RTS data

MICEX index

Last index: 1331.01 on 16.05.2012, 23:46

Last closing: 1335.1

Data taken from MICEX

CURRENCY EXCHANGE RATES

USDRUB_TOM	30.9445	0.5505	19:00
EURRUB_TOM	39.3431	0.3265	19:00
EURUSD_TOM	1.2726	-0.0096	19:00
USDRUB_TOD	30.971	0.6402	19:00
EURRUB_TOD	39.3638	0.3727	19:00
EURUSD_TOD	1.2719	-0.0141	19:00

Data taken from MICEX

Blue chips

Issue	BID	ASK	Trade
SBER	86.82	86.93	86.83	0 %
GAZP	146.06	146.2	146	-0.94 %
VTBR	0.05688	0.05705	0.05706	1.53 %
ROSN	202.89	203.34	203.36	0.38 %
GMKN	5058.94	5068.68	5073.24	0.13 %
LKOH	1658	1660.55	1656.2	-0.15 %

By RTS data

Business

maindocs

16.05, 18:25 Greece gets crude: Athens turmoil hits oil Crude prices have fallen to their lowest in six months amidst mounting concerns over Greece leaving the euro. A sharper drop will follow, should Athens finally quit the monetary union, Dave Ernsberger, global director for oil at Platts, told Busines RT.		16.05, 17:25 GM 'unlikes' Facebook ahead of IPO General Motors Co plans to stop advertising on Facebook just a few days before the social network’s huge IPO, as it decided Facebook's ads are not efficient.
16.05, 17:12 2 comments Moody’s said to downgrade Spanish banks Moody's is reportedly set to downgrade 21 Spanish banks according to a Spanish economic daily, thereby casting another blow to the banking industry in Europe.		16.05, 14:44 2 comments Russian govt eyes ditching cash to save billions Cash salaries may soon become a thing of the past in Russia, and all shops could be obliged to accept cards. This comes as part of an initiative to cut the amount of cash in the economy, which should save it up to $17.5 bln a year.
16.05, 13:45 8 comments Greek stampede for savings amid euro exit fears Preparing for rainy days ahead, Greeks have withdrawn 700 million euro from local banks in just one day, after it became clear on Monday that new elections in the country are inevitable.		16.05, 09:53 Market Buzz: Indices go zigzag Russian markets could prove sensitive to the high volatility on global floors, particularly in Europe, with investors refraining from opening new positions.
15.05, 18:59 5 comments Russian pipeline projects to gain from Nabucco woes Doubts over the Nabucco gas pipeline’s future are growing, after Germany warned it may follow in Hungary's footsteps and walk out of the project. This will considerably brighten the prospects of its rivals South Stream and Nord Stream, experts say.		15.05, 18:55 9 comments Greece euro exit to hit Spain and Italy hardest – experts Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance Capital, told RT.
15.05, 17:18 Russian social network offers credit for virtual gifts No money to buy a gift for a special social network friend? Borrow it online! Russia’s top social network Odnoklassniki outrivaled competitor sites by offering a brand-new paid service - buying gifts on credit.		15.05, 15:58 1 comment Dixy net result up threefold in 2011 as Russia consumer confidence firms One of Russia’s largest food retailers, Dixy boosted all of its key financials in 2011. This mostly came on the back of increased sales, as Russians are becoming more confident about the economic outlook.
15.05, 15:37 11 comments Asian tigers move away from dollar China, Japan and South Korea are taking further steps to replace the dollar in trade between them as the countries start negotiations on a free trade agreement, Vladimir Rozhankovsky, Head of Research at Nord Capital told RT.		15.05, 09:59 Market Buzz: Rolling down the Greek hill Fears are running high over the Greek political stalemate and the disruptive impact of this on its eurozone neighbors, with analysts saying the markets will continue to move downwards on Tuesday.
14.05, 18:27 Gazprom struggles for Ukrainian market Russian gas major Gazprom has proposed to Ukrainian Naftogas to jointly develop a shelf project in the Black Sea. Gazprom has become concerned that Ukraine might cut gas imports from Russia after increasing its own production.		14.05, 17:49 1 comment Saxo Bank: Personal savings remedy to 'perfect storm' As private savings are at their highest relative to GDP, it’s the cash of ordinary people, not banks, that should compensate for predicted funding shortages in a corporate credit market, Steen Jakobsen, chief economist at Saxo Bank, told Business RT.
14.05, 16:23 EU vegetables still unsafe? Russia has expressed doubt over the safety of agricultural products from the EU. The country’s Chief Sanitary expert says the Netherlands still conduct prohibited experiments on mutant strains of bird flu.		14.05, 14:05 15 comments European markets on verge of nervous breakdown over Greece Growing worries about looming new elections in Greece and the country’s probable exit from the eurozone are bringing European shares down, while banks prepare for a return of the Greek drachma.
14.05, 13:43 Rusal may start ‘company sanitation’ as falling aluminium weighs Russia´s aluminium giant Rusal may start getting rid of inefficient capacities in the second half of 2012, as its financials say the company is losing the status as the world’s most efficient company. Falling aluminium prices are to blame.		14.05, 10:38 Market Buzz: Under pressure from Greece and oil Russian investors are expected to stick to prudent strategy and shed risky assets during the coming trading week. Lingering uncertainty about crisis-stricken Greece, as well as falling oil prices will be weighing on the floors.
12.05, 19:22 1 comment Russian car shopping spree New car and light commercial vehicle sales in Russia rose 14% in April from that month last year to 266,267 units, says the Association of European Businesses (AEB). In 2012, Russians have bought 880,540 units - an 18% increase year-on-year.		12.05, 17:44 Russia's power sector: Hard time ahead? Russia’s power sector has had a financial black-out, as the capitalization of two major grid companies dropped by $1.3 billion on Friday. The shares of IDGC Holding lost 10%.