Evraz confident on debt reschedulling
Published: 08 May, 2009, 19:09
Indebted Russian metals companies facing falling demand have been forced to look at different ways of refinance existing loans.
breakingnews
Key gas producers, Kazakhstan, Turkmenistan and Uzbekistan have held off on signing a declaration on the Nabucco gas pipeline project, signed between the EU Turkey, Azerbaijan, Georgia and Egypt on Friday.
Severstal has announced that it will halt or reduce production at its U.S. subsidiaries, while Mechel has completed the purchase of America’s Bluestone coal for $436 million.
The much-anticipated stress test of top U.S. banks shows some of the largest banks need to raise capital. Regional banks look riskier than the big ones, because they carry the bulk of mortgages and credit-card loans.
Russian petrochemical producer, Sibur, has posted a FY 2008 Net Income of 16 billion Roubles under IFRS.
15.01.2010, 14:32
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Russia’s largest zinc producer, Chelyabinsk Zinc Plant, has elected a new board of directors.
The world's already depressed market for LNG will come under further pressure within the next 2 years as new projects come online. Gazprom says it will continue its expansion, despite the threat of LNG over-production.
Russian meat producer Cherkizovo Group has posted a Net income of $78.1 million under U.S. GAAP.
Competition in the Russian iced tea market is expected to get tougher with Lipton and Nestea likely to be facing competition from popular U.S. based brand, AriZona Iced Tea
This summer confectionery fell in demand more than the usual drop down for a season. It is believed that the extreme heat wave that gripped Russia this summer is the chief factor.
Even during an economic downturn, Russians haven’t abandoned their sweet tooth, with sales of sweets and chocolates holding up surprisingly well.
Published: 08 May, 2009, 19:09
Indebted Russian metals companies facing falling demand have been forced to look at different ways of refinance existing loans.