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breakingnews
21.09.2009, 17:11
Sibirtelecom, telecom provider in Russia’s Siberia, has posted a 1H 2009 Net Profit of 851 million Roubles.
22.09.2009, 09:38
1 comment
The news that the government is prepared to back loans made to property group PIK is helping to underpin the shaky real estate market, with analysts saying the governments move is focused on longer term housing supply.
21.09.2009, 11:34
1 comment
The State is to enter Russia's mobile telephone market, after announcing the acquisition of operator Skylink, with experts doubting it can get a foothold against the country's Big 3.
03.07.2009, 16:58
3 comments
The 2009 Expat Explorer survey, commissioned by HSBC International, shows that a third of the expats working in Russia earn more than $250,000 per year.
27.09.2010, 10:38
3 comments
With the second Wall Street movie hitting Russian cinemas this week, Business T spoke with Alexander Gerchik who spent ten years as a trader in the US about the balance between fact and fiction.
04.11.2009, 08:33
2 comments
After a 6 hour board meeting, General Motors has walked away from the planned sale of a majority stakeholding in its German arm, Opel, to the Magna Sberbank joint venture it reached final agreement with just weeks ago.
12.03.2010, 19:56
2 comments
Like tea and biscuits, different but complimentary. Russia and India stand at the heart of the BRICs, the emerging markets that investors love to love.
31.12.2009, 11:14
2 comments
Russian aluminium producer, Rusal, is planning to raise as much as $2.6 billion in its Hong Kong listing according to its prospectus.
16.06.2009, 23:36
1 comment
The financial crisis has cut trade volumes between Russia and China. But that hasn't stopped the partners signing billions of dollars of new deals at the Russia-China Economic Forum.
07.09.2009, 22:22
1 comment
G 20 Finance ministers have thrown their support behind tighter regulation of banker's pay. That has a possible upside for Russian banks.
Published: 21 September, 2009, 20:32
The Russian stock markets dropped on Monday, after regaining the level of September 2008. They have made Russia the third best performing market this year, with Russian blue chips once again in demand.
Any change for the better is great news. Many experts, however, predict uneven growth, as there are still some unknowns in the world financial arena. It has been often said that Russia's reliance on resources is a problem. There are times when this can be an advantage. In the era of jittery financial markets, real economy, which includes commodities, becomes a more solid investment. In fact, there is a seemingly growing mantra to invest in gold, silver and oil. Stocks have gained, and with a reason. Russia's stocks have been undervalued considerably, so the growth in value is real, and will not be easily shaken by other financial shoes dropping. However, the investment capital is really a blessing and a curse. Blessings are obvious. But at the slightest sign of problem, this capital is volatile, and when it is on a move, it drags real economy down with it.