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breakingnews
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.
05.02.2009, 10:32
Russian banks, including private ones, may receive $40 Billion from the Government for recapitalization. But experts warn many healthy regional banks may close as the result of the policy.
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.
16.08.2010, 18:36
The need for greater levels of national savings is coming into focus, with experts saying low income levels, an undeveloped financial system, and long term cultural issues remain key issues to be addressed.
06.05.2010, 16:18
5 comments
Athens was the scene of a deadly labor strike on Wednesday, the day before legislators in the Greek capital are scheduled to vote on a tough loan package courtesy of the IMF.
25.10.2010, 08:32
4 comments
Despite the truce that G20 countries made this weekend agreeing not to devalue currencies to tackle financial imbalances, some fear the US has been long involved in a currency war.
08.04.2009, 21:04
4 comments
Following a decadent decade of market deregulation, fat executive paychecks (golden parachutes included) and blatant corruption, capitalism is now forced to go begging for handouts. Is this socialism?
19.05.2010, 11:44
4 comments
A volatile Eurozone sees Russia with almost no exposure to national debt, but with markets pricing in a wider contagion, Russia would be affected by a return to recession.
30.08.2010, 18:37
Megafon, the Russian mobile phone giant, has posted a 2Q 2010 Net Income of 12.2 billion roubles under US GAAP.
15.01.2010, 11:56
2 comments
Russia will end poultry imports from the USA as of January 19 due to health concerns, with Prime Minister Vladimir Putin saying local producers can fill domestic demand and even start exporting poultry within 4 years.
Published: 05 February, 2009, 17:07
The Rouble briefly slipped below the Central bank's trading limit of 41 to the dollar-euro currency basket at around 1300 Moscow time on Thursday.
