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Russia and the global economy

Russian railways looks to boost competition in rail transport
Russian Railways has lost its monopoly on Russian cargo shipments. The company’s market share has fallen to 49% in the first quarter of the year.

May 29, 2009 12:23

Could Opel become a Russian brand?
Russia could about to get a slice of carmaker Opel if the German government approves a bid from the Canadian Magna corporation.

May 29, 2009 10:33

Magna and Sberbank await decision on Opel
Talks on the sale of Opel stalled after General Motors demanded additional money. GM's last-minute price hike came after the sole American bidder withdrew, leaving the contest to Fiat and the Magna-Sberbank alliance.

May 28, 2009 23:22

OPEC holds production levels despite crude glut
OPEC has decided not to cut output, despite record levels of crude in inventories and weak demand forecasts, with some cartel members believed to have ignored previous commitments to cut.

May 28, 2009 17:39

Oil prices pick up on dollar slide despite demand outlook
After plummeting from nearly $150 per barrel in July 2008, to as little as $35 per barrel in December the same year, this week has seen crude price hold above $60/bbl.

May 28, 2009 15:13

Moment of truth for Magna-Sberbank Opel bid as new GM demand stalls talks
Negotiations between GM and bidders for its Opel operations in Europe stalled during late Wednesday night discussions hosted by the German Chancellor, as workers have back the Magna-Sberbank bid.

May 27, 2009 21:57

Global banks lead the way on managing risks
The Russian operations of global banks generated almost twice the return on assets of domestic banks in the first quarter of this year, with experts pointing to asset quality and risk management.

May 27, 2009 20:20

Bidders line up for Opel
German Chancellor Angela Merkel will meet with bidders for GM’s German subsidiary, Opel, on Wednesday, including a consortium of Canada’s Magna and Russia's Sberbank, and the heads of its main rival, Italy’s Fiat.

May 27, 2009 11:48

Ukraine gas aid in focus as energy talks continue
Russia and the European Union will continue talks next week about financial aid to Ukraine, to ensure stable gas supplies.

May 27, 2009 10:57

To USA with megatons of love
“The new [uranium] deal is purely commercial, but it also adds a very important boost to improvement of the US-Russia political relationships,” said Vladimir Orlov, a director at the Center of Policy Studies in Moscow.

May 27, 2009 00:31

US to pay $1 billion for Russian nuclear fuel
A Russian firm has signed a groundbreaking one billion dollar contract to supply US nuclear power stations with uranium fuel. Russia already supplies 23 per cent of the fuel used by US plants.

May 27, 2009 00:14

Rosneft links up with Abkhazia for longer term
Rosneft signed a five year Agreement of Cooperation on oil exploration and development with Abkhazia on Tuesday.

May 26, 2009 15:21

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