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breakingnews
13.02.2009, 20:00
The G7 Finance Ministers meeting in Rome takes place against a backdrop of protest generated by fears of job cuts and factory closures. The meeting is expected to address perceptions that more coordination is needed.
13.02.2009, 11:00
Tax breaks are on the way for new oil fields, in a bid to revive production. The Russian Government is once again considering new tax proposals for the oil industry, as the cash-cow of the economy begins to weaken.
12.02.2009, 15:08
Russian Nitrogen and Phosphate fertilizer producer, UralChem, has posted a 9M 2008 Net profit of $363.3 million under IFRS.
20.02.2009, 17:58
4 comments
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, 14:51
UC Rusal, one of the world largest aluminium producers has embarked on a major cost cutting program which will see output axed and investment programs pared back as the company fights to restructure its debt.
06.02.2009, 19:55
Russian diamond monopoly Alrosa has no plans to cut production despite the economic crisis. To survive low diamond prices and shrinking demand the company will sell half of its output to the State Depository this year.
09.02.2009, 21:58
The Institute of Contemporary Development has blamed Russia's financial crisis on “fundamental, structural flaws in its economy,” which have “nothing to do with the West,” slamming bailouts for inefficient industries.
17.02.2009, 10:42
The visit of Bolivian President, Evo Morales, to Moscow highlighted the country’s gas production potential. Bolivia has major reserves but is looking for investors after it nationalised its energy sector two years ago.
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.
Published: 14 February, 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.
