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Greece’s banking industry secretly gets €100 billionGreece's struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT. 1 Facebook bubble begins to deflate?Facebook stock slumped as much as 13% at 9:50am EDT in a second day of public trading for the world's most popular social network, dispelling investors’ hopes for large initial increases and possible profits in the first days of Facebook trading. 2 ‘New cabinet to face old challenges’With some new faces, and some key positions unchanged in the new cabinet Russia is likely to continue its course for economic reforms. The question is, how far will the new ministers go in seeking changes in the country’s economy. 3 Iran plans a new terminal to bypass HormuzIran is set to build a new oil terminal outside the Strait of Hormuz in a bid to protect vital exports from potential problems in the Gulf region and to boost Caspian oil shipments. 4 JPMorgan loss: Even worse than we thought? As the largest US financial firm by assets struggles to contain damage which has already cost it more than $25 bln in shareholder value, the Wall Street Journal has provided new details on the scope of JPMorgan’s losses. 5

RTS index

Last index: 1300.22 on 23.05.2012, 11:45

Last closing: 1321.87

By RTS data

MICEX index

Last index: 1286.12 on 23.05.2012, 11:46

Last closing: 1301.09

Data taken from MICEX

CURRENCY EXCHANGE RATES

USDRUB_TOM	31.3803	0.247	11:31
EURRUB_TOM	39.7727	0.0083	11:31
EURUSD_TOM	1.2672	-0.0099	11:31
USDRUB_TOD	31.3694	0.2512	11:31
EURRUB_TOD	39.7505	-0.0199	11:31
EURUSD_TOD	1.267	-0.0108	11:31

Data taken from MICEX

Blue chips

Issue	BID	ASK	Trade
SBER	81	81.04	81.04	-2.36 %
GAZP	142.39	142.45	142.4	-0.77 %
VTBR	0.05547	0.05553	0.0555	-1.93 %
ROSN	198.52	198.6	198.58	0.87 %
GMKN	4943.67	4945.64	4940.75	-1.08 %
LKOH	1616.8	1617.46	1617.03	-0.91 %

By RTS data

Business

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Today: 10:09 Market Buzz: All eyes on EU summit Investor attention will be directed to the EU leaders' summit in Brussels in the hope of seeing more debt-combating actions.		22.05, 21:13 1 comment OECD: More gloom for eurozone, better perspective for Russia in 2012 A deepening debt pit in the euro zone will drag its economy down 0.1% in 2012, according to the Organization for Economic Cooperation and Development (OECD). Russia, however, promises a more rosy picture, with its GDP growth backed by high oil.
22.05, 20:10 3 comments Greece’s banking industry secretly gets €100 billion Greece's struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT.		22.05, 19:48 8 comments Iran plans a new terminal to bypass Hormuz Iran is set to build a new oil terminal outside the Strait of Hormuz in a bid to protect vital exports from potential problems in the Gulf region and to boost Caspian oil shipments.
22.05, 19:01 1 comment Russian markets welcome new Rosneft head Former Russian Deputy Prime Minister Igor Sechin has been appointed the new head of Rosneft, one of the world's top publicly traded oil and gas companies. The markets were quick to respond, with stock gaining 3.35% shortly after the news came out.		22.05, 18:44 4 comments Could Geuro save Greece? Introducing a parallel currency could be Greece’s best chance to stay in the euro and avoid a devastating default, according to research from Deutsche Bank experts.
22.05, 17:33 12 comments Russia-China economic ties resist crisis While alarm bells are getting louder on concerns over an economic slowdown in China – the world’s second largest economy - Russian experts say economic cooperation with the Celestial Empire will remain unaffected.		22.05, 17:02 1 comment Robin Hood gesture: Tesco CEO waives $588,000 bonus Tesco chief Philip Clarke has turned down an annual bonus of $588,000 as he was disappointed by weak performance from the world’s third-largest retailer at the British market.
22.05, 14:56 4 comments Asia has it too: Fitch downgrades Japan Clouds are gathering over the land of the Rising Sun as Fitch rating agency has downgraded the sovereign credit rating of Japan and revised its outlook to negative.		22.05, 10:09 Market Buzz: Looking for a positive catalyst Global stock markets which have been longing for a positive catalyst are mostly dominated by upbeat sentiment.
21.05, 19:54 Kung Fu Wanda: China gets Hollywood makeover North America’s second-largest movie theater chain has been bought by a Chinese company in a takeover that will create the world's biggest movie theater operator.		21.05, 19:06 10 comments Facebook bubble begins to deflate? Facebook stock slumped as much as 13% at 9:50am EDT in a second day of public trading for the world's most popular social network, dispelling investors’ hopes for large initial increases and possible profits in the first days of Facebook trading.
21.05, 18:24 2 comments ‘New cabinet to face old challenges’ With some new faces, and some key positions unchanged in the new cabinet Russia is likely to continue its course for economic reforms. The question is, how far will the new ministers go in seeking changes in the country’s economy.		21.05, 18:31 1 comment Microsoft seeks bigger share in Skolkovo hi-tech hub US software giant Microsoft is set to invest several dozen million US dollars into Research and Development projects at Russia’s Skolkovo hi-tech hub, according to officials at the innovation center.
21.05, 16:36 Air-France-KLM: Austerity job cuts coming? Air France-KLM has denied plans to slash 5,000 jobs by 2015 through a voluntary redundancy plan, as reported by the French daily Le Figaro.		21.05, 15:42 1 comment Facebook IPO gains to exceed commodity profits of Russian moguls It is not just commodities that create fortunes for Russian businessmen. Investment into the world’s most popular social network Facebook could bring tycoons Alisher Usmanov and Yuri Milner billions in the aftermath of the site’s huge IPO.
21.05, 14:36 12 comments Cut oil dependency before too late - former Finance Minister Kudrin Fighting oil dependency should be a top priority for the new Russian cabinet announced on Monday, as oil prices are likely to decrease to $80 per barrel, says former Finance Minister Aleksey Kudrin.		21.05, 09:45 1 comment Market Buzz: Greek uncertainty protracts Russia floors are expected to be largely following sinking world stocks, with investors unconvinced that the world's major economies nailed a solution to the European debt crisis at a Camp David summit on weekend.
18.05, 19:40 11 comments Facebook sells 82 million shares in the first 30 seconds of trading on Nasdaq Facebook has debuted in share trading on the US platform for IT companies Nasdaq, to find out how much status updates and billions of likes are worth on Wall Street.		18.05, 18:11 23 comments Green-blind? US wages war on Chinese solar panel makers The US is set to increase tariffs on solar panels made in China in a bid to restrict Chinese companies’ presence on the market. Beijing claims this may hurt efforts to promote clean energy.