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23.06.2009, 10:52

Telenor slams ‘game’ of threatened VimpelCom stake sale

Norwegian telecom, Telenor, facing the possible sale of its stake in Russian mobile operator Vimpelcom by Russian bailiffs to pay a $1.7 billion fine, says the prospect is nothing more than ‘market manipulation.’

22.06.2009, 17:07

Tatneft posts 1Q 2009 Net Income of 7.929 billion Roubles

Russian oil producer, Tatneft, has posted a 1Q 2009 Net Income of 7.929 billion Roubles under U.S. GAAP.

22.06.2009, 11:36 1 comment

Coal outlook darkens as producers look for pricing flexibility

Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for the industry.

02.07.2010, 15:21 3 comments

Renewed push on ending US dollar hegemony

The US dollar should be cast off as the world's main reserve currency according to a recent U.N. report, with a number of states including Russia and China calling for a new reserve currency system.

10.07.2009, 18:30

Currency issues take centre stage at G8

The final day of the G8 Summit has moved a step closer to creating a new world currency.

16.04.2010, 11:32

BRIC’s eye national currencies and markets

Leaders of the BRIC countries are studying the use of national currencies in mutual trade. The heads of the world's fastest emerging economies are meeting in Brazil to work out a common vision on post-crisis development.

08.10.2010, 18:52

EBRD looking to buy RTS stake as MICEX merger talk swirls

The EBRD is believed to be in the box seat to buy a 10% stake in the RTS Russian stock market.

15.06.2009, 20:17 2 comments

BRIC’s get down to business in Yekaterinburg

The group of developing nations known as the BRICs is continuing to build up their reserves with the International Monetary Fund - while denying they want a new currency to rival the dollar.

03.09.2009, 14:49 2 comments

September Gold season sees precious metal close on $1000 per ounce

A midweek spike in gold prices has seen the precious metal clear a key resistance level of just over $960/oz with an easing U.S. dollar adding to its outlook on the upside.

06.10.2009, 16:55 2 comments

Premature dance on dollar's grave

The media jumped on the dollar-is-dead story, after Britain’s Independent newspaper reported plans by oil producers to stop selling in dollars within nine years.

Making the Rouble a new regional reserve

Published: 23 June, 2009, 14:20


The push to make the Russian rouble a new regional reserve currency has picked up momentum with renewed calls by Russian President, Dmitry Medvedev, at the St Petersburg Forum and the BRIC meeting in Yekaterinburg.

 
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