Richard Koo: Nomura Chief Economist
Published: 06 March, 2009, 19:45
The governments of the World's leading economies should boost spending in order to fight recession according to Nomura’s Chief Economist, Richard Koo.
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Gazprom confirmed this week that Naftogaz has paid for February gas supplies, But analysts say economic and political instability in Ukraine could see more payment issues arise over the longer term.
Russia’s largest aluminium producer, Rusal, has signed a standstill agreement with international lenders relating to the restructuring of its debts, gaining at least 2 months for the debt burdened company.
South Africa’s Standard Bank will purchase a 33% stake in Russian investment bank, Troika Dialog.
12.03.2010, 14:39
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Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.
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.
05.02.2010, 12:15
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The United States’ top credit rating is at risk, with its triple 'A' status warned it may be downgraded if the economy grows at a slower pace than expected, says ratings agency Moody's.
14.10.2009, 23:19
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Time to buy property? Russians are returning to the property market as buyers with the market seemingly reaching the bottom, and prices are going up.
25.11.2009, 22:43
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A Moscow conference heard Finance Minister Aleksey Kudrin warn the share market was overheated with speculative capital, while the prospect of a withdrawal of banking sector liquidity support also caught attention.
09.07.2010, 20:54
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Moscow’s property development scene is rebounding after a horror 18 months which saw projects from a range of developer grind to a halt, with Banks financing their own developments.
10.06.2009, 09:42
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Europe’s biggest bank, HSBC, has started retail lending in Russia. Analysts say, HSBC is one of the few foreign lenders taking the chance to enter the local market.
Published: 06 March, 2009, 19:45
The governments of the World's leading economies should boost spending in order to fight recession according to Nomura’s Chief Economist, Richard Koo.