Business

bannertopleft

mainpromo_news

Russians go for less 'exotic' Rouble loansRussians are increasingly turning their backs on mortgages in “exotic” currencies and choosing the rouble, as they expect the domestic currency to devalue. 1 Russian mortgage ripe for growthThe boss of the biggest mortgage company in Russia says because the market is still young it will learn from the mistakes of others like the United States. 2 VTB share buy-back not without its problemsVTB bank has worked out programme to compensate its minority shareholders for losses they suffered after the banks’ shares plunged following its IPO. Some believe the measure may harm the bank’s business. 3 Bailout not the answer for GreeceAnother bail out for Greece won’t rescue the country’s economy, says Trevor Evans from the Berlin School of Economics In Law. Talking to RT he says to recover it needs investment in the real economy. 4 Russian ad business bucks the crisis trendCrisis or not, companies in Russia are splashing out on advertising. Ad spend is expected to show a double digit growth of 16.5 percent in 2012, according to a survey by the UK-based WARC marketing information service. 5

RTS index

Last index: 1655.6 on 09.02.2012, 10:40

Last closing: 1643.53

By RTS data

MICEX index

Last index: 1554.96 on 09.02.2012, 23:35

Last closing: 1555.11

Data taken from MICEX

CURRENCY EXCHANGE RATES

USDRUB_TOM	29.6743	-0.0711	10:26
EURRUB_TOM	39.4807	0.0126	10:26
EURUSD_TOM	1.3301	0.0032	10:26
USDRUB_TOD	29.6773	-0.0395	10:26
USDRUB_TOD	39.4639	0.0221	10:26
EURUSD_TOD	1.3298	0.003	10:26

Data taken from MICEX

Blue chips

Issue	BID	ASK	Trade
SBER	95.99	96.01	95.99	0.88 %
GAZP	189.43	189.49	189.43	0.42 %
VTBR	0.07056	0.0706	0.0706	0.97 %
ROSN	217.17	217.21	217.21	0.24 %
GMKN	5966.23	5968.71	5967.2	0.61 %
LKOH	1820.8	1821.17	1820.93	0.09 %

By RTS data

Business

maindocs

Today: 09:46 Market Buzz: Chinese data to affect Russian market Russian market growth may prove sensitive to Chinese statistics on Thursday, analysts expect.		08.02, 19:50 Russians go for less 'exotic' Rouble loans Russians are increasingly turning their backs on mortgages in “exotic” currencies and choosing the rouble, as they expect the domestic currency to devalue.
08.02, 16:22 2 comments Greek debt somewhere between comedy and tragedy The Greek Government has apparently moved closer to agreeing a rescue deal which will provide it with a 130 billion euro bailout. But experts believe the new loan is not a cure.		08.02, 13:02 7 comments Russia eyes luxury tax Russia plans to introduce a tax on luxuries eyeing the European experience, although many experts doubt this ‘Robin Hood’ initiative will be successful.
08.02, 09:30 Market Buzz: No news from Greece will drive market bullish Anticipation of an austerity agreement on a Greek bailout is engaging investors’ attention and the news vacuum may result in a short-term bullish trend for the market.		07.02, 20:28 2 comments Russian mortgage ripe for growth The boss of the biggest mortgage company in Russia says because the market is still young it will learn from the mistakes of others like the United States.
07.02, 16:33 VTB share buy-back not without its problems VTB bank has worked out programme to compensate its minority shareholders for losses they suffered after the banks’ shares plunged following its IPO. Some believe the measure may harm the bank’s business.		07.02, 16:26 Aeroflot spreads wings Russia’s leading airline Aeroflot has cemented its position by posting the best results of any Russian carrier last year. Passenger numbers grew 25.6% or 14.1 million in 2011.
07.02, 15:22 Bailout not the answer for Greece Another bail out for Greece won’t rescue the country’s economy, says Trevor Evans from the Berlin School of Economics In Law. Talking to RT he says to recover it needs investment in the real economy.		07.02, 14:15 Russian ad business bucks the crisis trend Crisis or not, companies in Russia are splashing out on advertising. Ad spend is expected to show a double digit growth of 16.5 percent in 2012, according to a survey by the UK-based WARC marketing information service.
07.02, 09:49 Market buzz: All eyes on Greece Statistics flowing from Europe and the US are expected to be poor on Tuesday, leaving “the Greek factor” the major foreign market driver. Russian indices may begin to fall following five weeks of growth, analysts say.		06.02, 17:26 3 comments Russian grain unlimited The Russian Government says it won’t introduce curbs on grain exports as it considers the country’s stockpile large enough to meet domestic demand. It has also increased the grain export forecast from 25 to 27mln tonnes.
06.02, 15:52 Speculation on Polyus share skyrocket Russia’s biggest precious metals producer Polyus Gold has seen its shares skyrocket on Friday and continue on Monday. But the reasons for the sudden attractiveness of the company’s shares left many investors wondering.		06.02, 14:09 2 comments Gazprom supplies to Europe back to normal Russia’s Gazprom has acknowledged it reduced gas supplies to European customers last week, but has already restored the shortfall.
03.02, 19:37 1 comment Russian energy industry needs more investment and efficiencies Russia will remain China and India’s corner stone for energy for many years, says Fatih Birol, Chief Economist from the International Energy Agency. But it needs to invest more into the industry and learn to save energy.		03.02, 19:14 Finance gurus say Russian economy must do better Could do better is the ‘end of term’ report on Russia from experts meeting at the Russia Forum 2012 in Moscow.
03.02, 12:45 5 comments Mystery of the missing gas With temperatures across Europe falling, so has supplies of Russian gas, and that’s got the bosses at Gazprom scratching their heads.		03.02, 12:12 Lukoil executive: Iran tension to effect long term on oil market Iran tension will be heating up oil prices for a long time, but they are unlikely to sky-rocket, according to Leonid Fedun, Vice-CEO of Lukoil.
03.02, 10:35 Market Buzz: US labor figures cast a long shadow In the first half of Friday, Russian markets are expected to continue reacting to yesterday’s events. And the long- awaited US labor statistics will start driving the markets once they are released on Friday afternoon, Moscow time.		02.02, 20:26 PM pushes VTB into share buy-back VTB bank is considering a share-buy back scheme after its shares tanked in the years following its IPO in 2007. The bank has been levered into the decision after Prime Minister Vladimir Putin brought up the subject at the Russian Forum meeting.