breakingnews
03.03.2009, 11:42
Gazprom has posted a 3Q 2008 Net Profit of 131.6 Billion Roubles – $5.4 Billion – under IFRS.
03.03.2009, 11:07
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Experts say cut-backs in crude oil exploration and investment could see energy costs soar again and that, when this comes, Russia should again focus on managing the upturn to diversify its economy.
03.03.2009, 10:54
The government is looking for a quick turnaround after forecasting negative GDP growth for 2009, and that the budget deficit will be reigned in. But analysts believe this will provide a challenge in the short term.
20.02.2009, 17:58
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The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.
04.03.2009, 10:49
2 comments
Russia has become the 5th largest U.S. creditor, after upping its investment in U.S. Treasury bills to more than $116 Billion. But the deteriorating economic situation in the U.S may is leading to longer term concerns.
05.02.2009, 10:08
Fitch Ratings downgraded Russia on Wednesday, to BBB. But Finance Minister Aleksey Kudrin says what matters is not ratings, but the health of the real economy.
06.02.2009, 19:44
In a second round of bank bail-outs, Prime Minister Putin this week approved $28 billion in fresh liquidity. But unlike previous banking bailouts its emphasizing the funds don’t get used to speculate against the Rouble.
14.02.2009, 14:14
Gold is hovering near $940/oz with Russia's leading precious metals producers claiming to Business RT the price will keep rising, because paper currencies are no longer trusted.
16.02.2009, 10:31
The G7 Finance Minister and Central Bankers who met in Rome over the weekend, released a communiqué promising to use the full range of policy tools to restore stability to battered global finances.
18.02.2009, 10:05
World renowned british architect, Lord Norman Foster, is laying off staff around the world. Russia’s ambitious Moscow Tower project is one of his problems, as developers hold on construction.
Published: 03 March, 2009, 18:09
Preparations for the Sochi 2014 Winter Olympics are weathering the reallocation of budget monies to support the event, plus financial problems for key backers.
