Standard Bank buys into Troika Dialog
Published: 06 March, 2009, 12:55
South Africa’s Standard Bank will purchase a 33% stake in Russian investment bank, Troika Dialog.
breakingnews
The Geneva Car Show has opened at a time when governments around the world are injecting billions of dollars into the auto sector, but, still, assembly lines are halting and lay-offs continue.
The government has suspended creation of new state-owned airline, Rosavia, for at least a year, with experts saying that some regional carriers that are supposed to be folded into the airline may not survive until then.
The government is allocating $15 billion dollars to boost the capitalisation of Russian banks, in order to further underpin the stability of the sector.
03.02.2010, 18:04
1 comment
Dozens of Russian companies are lining up to raise more than $10 billion in IPOs this year, but the issuers should hurry up to go public, as the favorable conditions may soon end.
London listed Russian oil producer, Sibir Energy, has suspended CEO Henry Cameron, in the latest fallout over the company’s dealing with major shareholder Chalva Tchigirinski.
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.
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.
12.03.2010, 14:39
5 comments
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.
Russia’s new Silicon Valley needs both support from Government and young scientists to become successful, say Russian and international analysts.
20.04.2010, 12:20
3 comments
Goldman Sachs is charged with fraud, for assembling and selling a financial product that it knew to be flawed. A product which, in fact, it intended to be flawed, so that it could bet against it.
Published: 06 March, 2009, 12:55
South Africa’s Standard Bank will purchase a 33% stake in Russian investment bank, Troika Dialog.