Russia and the global economy

25.05.2012 19:29 4 comments Gazprom seeking new partners to spur Shtokman Gazprom might be looking for new partners in the Shtokman gas project as reports suggest Norway’s Statoil has decided to leave the joint venture. Shell may take its place, according to a Kommersant daily report.		25.05.2012 17:33 8 comments ‘Russia’s been 10 years late to WTO’ With less than three weeks left until June 15 – the deadline before which the Russian parliament will have to ratify the deal on the country’s WTO membership, the CEO of Russia’s number one bank says Moscow should have joined the organization long ago. Eurozone crisis
24.05.2012 19:25 1 comment Severstal sees smaller than expected profit fall Russia's largest steelmaker Severstal saw 2012 first quarter net profit fall 7.8% quarter-on-quarter to $427 million, still beating analysts’ forecasts.		24.05.2012 18:30 6 comments Sberbank: Grexit to hit Russia as well A Greek exit from the euro would strike not only Europe - it will also result in a new wave of crisis for Russia, with the country’s GDP falling 2.1% and the inflation rate surging, suggests a study by Russia’s major Sberbank. Eurozone crisis
24.05.2012 14:13 3 comments AliExpress to offer Russians more ‘made in China’ Russians are to get direct access to the world’s biggest online trading platform – China’s AliExpress. Now the company has joined Russia’s leader of electronic payments QIWI, buying Chinese will become even cheaper and easier.		24.05.2012 09:45 1 comment Market Buzz: Stricken by dither over Greece Russian stocks are expected to remain in the red Thursday, as the EU summit held in Brussels a day earlier added to the fears of a messy Greek exit from the Euro. Falling oil, that sank to its lowest this year Wednesday, is also pressing the stocks.
23.05.2012 16:36 1 comment LSE chief: Russia ‘perfect match’ for Europe While investor funds in Europe are abundant, lack of growth at home is making them look overseas for the most profitable use of their money. Here Russia comes as the best fit, Xavier Rolet, chief of the London Stock Exchange (LSE) told Business RT.		23.05.2012 10:09 4 comments Market Buzz: All eyes on EU summit Investor attention will be directed to the EU leaders' summit in Brussels in the hope of seeing more debt-combating actions.
22.05.2012 21:13 1 comment OECD: More gloom for eurozone, better perspective for Russia in 2012 A deepening debt pit in the euro zone will drag its economy down 0.1% in 2012, according to the Organization for Economic Cooperation and Development (OECD). Russia, however, promises a more rosy picture, with its GDP growth backed by high oil.		22.05.2012 20:10 4 comments Greece’s banking industry secretly gets €100 billion Greece's struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT.
22.05.2012 17:33 12 comments Russia-China economic ties resist crisis While alarm bells are getting louder on concerns over an economic slowdown in China – the world’s second largest economy - Russian experts say economic cooperation with the Celestial Empire will remain unaffected.		22.05.2012 10:09 1 comment Market Buzz: Looking for a positive catalyst Global stock markets which have been longing for a positive catalyst are mostly dominated by upbeat sentiment.
21.05.2012 15:42 1 comment Facebook IPO gains to exceed commodity profits of Russian moguls It is not just commodities that create fortunes for Russian businessmen. Investment into the world’s most popular social network Facebook could bring tycoons Alisher Usmanov and Yuri Milner billions in the aftermath of the site’s huge IPO.		21.05.2012 09:45 1 comment Market Buzz: Greek uncertainty protracts Russia floors are expected to be largely following sinking world stocks, with investors unconvinced that the world's major economies nailed a solution to the European debt crisis at a Camp David summit on weekend.
18.05.2012 19:40 11 comments Facebook sells 82 million shares in the first 30 seconds of trading on Nasdaq Facebook has debuted in share trading on the US platform for IT companies Nasdaq, to find out how much status updates and billions of likes are worth on Wall Street.		18.05.2012 15:28 4 comments Russia regains luxury status Russia is returning to the list of top luxury markets, according to consulting company Bain&Co. With sales of high-end items set to grow by up to 20% in 2012, the country is now snapping at the heels of China – the most luxury-addicted nation.
17.05.2012 14:58 2 comments Facebook IPO: The final countdown As time runs out ahead of the most hotly anticipated IPO in years, the Facebook deal keeps on broadening. Stock on offer will be increased 25% as demand booms. Coupled with good pricing, it could make the offering one of the biggest ever.		17.05.2012 09:29 2 comments Market Buzz: Greece and oil change? International news will continue to exert a major impact on Russian stocks. Falling oil prices and uncertainty around Greece are expected to keep the markets in the red.
17.05.2012 06:00 Higher capital outflow keeps lid on inflation in Russia Russia has announced $42 billion in net capital outflow between January and April, just two months after Vladimir Putin was re-elected as president in March. This is equivalent to half of the $84.2 billion recorded in the whole of 2011.		16.05.2012 17:12 5 comments Moody’s said to downgrade Spanish banks Moody's is reportedly set to downgrade 21 Spanish banks according to a Spanish economic daily, thereby casting another blow to the banking industry in Europe. Eurozone crisis

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