RIA Novosti - Business

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Alcatel, Microsoft, Intel could join IT park in Russia's Volga area

10-06-2008 17:54 NIZHNY NOVGOROD, June 10 (RIA Novosti) - France's mobile phone firm Alcatel and U.S.-based computer giants Microsoft and Intel could join an IT park that Russia is building in the Volga area city of Nizhny Novgorod, the regional investment policy minister said Tuesday.

Gazprom gas price to Europe hits $410 per 1,000 cu m - CEO

10-06-2008 16:19 MOSCOW, June 10 (RIA Novosti) - Gazprom's gas delivery prices for Europe have reached $410 per 1,000 cubic meters, the Russian energy giant's CEO said on Tuesday.

OPEC reference basket reaches $130.87 per barrel

10-06-2008 15:13 MOSCOW, June 10 (RIA Novosti) - OPEC's reference basket of crudes from 13 countries was $130.87 per barrel on Monday, compared with $126.11 the previous Friday, the oil cartel said on Tuesday.

Gazprom signs deal to prospect four deposits in Tajikistan

10-06-2008 14:59 MOSCOW/DUSHANBE, June 10 (RIA Novosti) - Russian energy giant Gazprom [RTS: GAZP] said on Tuesday it had signed a deal with the government of Tajikistan on prospecting four oil and gas fields in the Central Asian country.

Norilsk Nickel's IFRS net income 11.6% down in 2007 to $5.3bln

10-06-2008 13:04 MOSCOW, June 10 (RIA Novosti) - Russia's metals giant Norilsk Nickel said on Tuesday its net income calculated to International Financial Reporting Standards (IFRS) declined 11.6%, year-on-year, in 2007 to $5.28 billion.

Peugeot-Citroen, Mitsubishi open joint venture in Russia

10-06-2008 13:03 KALUGA, June 10 (RIA Novosti) - French carmaker Peugeot Citroen and Mitsubishi Motors, one of Japan's largest car producers, broke ground on a joint venture estimated at 470 million euros ($732 million), in Kaluga, a city southwest of Moscow, on Tuesday.

Dollar up 8.99 kopeks, euro down 33.5 kopeks - Central Bank

10-06-2008 12:59 MOSCOW, June 10 (RIA Novosti) - The official dollar rate set by the Russian Central Bank from June 11 is 23.6109 rubles, up 8.99 kopeks from Tuesday, the Central Bank said.

Gazprom CEO says company could buy major assets in France

10-06-2008 11:55 MOSCOW, June 10 (RIA Novosti) - Energy giant Gazprom [RTS: GAZP] is set to become a key player on the French energy market and could buy major assets in France, Gazprom's CEO said on Tuesday.

Previous days

Polyus Gold IFRS net profit down 96% in 2007 to $47 million

09-06-2008 17:22 MOSCOW, June 9 (RIA Novosti) - Russia's largest gold producer Polyus Gold announced on Monday that its net consolidated profit calculated to International Financial Reporting Standards fell 96% year-on-year in 2007 to $47.1 million.

Probe into TNK-BP 'labor violations' to be completed by July

09-06-2008 16:39 MOSCOW, June 9 (RIA Novosti) - A probe into alleged violations of labor and migration laws by the Russian-British oil venture TNK-BP will be completed by July, a Moscow district prosecutor's office said on Monday.

St. Petersburg to launch commodity exchange in July-August

09-06-2008 15:38 MOSCOW, June 9 (RIA Novosti) - St. Petersburg will launch a raw materials and commodity exchange in July-August, expected to have turnover of around 1.5 trillion rubles ($63 billion) by the end of the year, a first deputy prime minister said on Monday.

TNK-BP CEO fails to show up for prosecutors' questioning

09-06-2008 15:04 MOSCOW, June 9 (RIA Novosti) - TNK-BP's chief executive, who was summoned to a Moscow district prosecutor's office to answer new allegations against the company on Monday, failed to show up at the designated time.

Russia's Central Bank to raise refinancing rate to 10.75% June 10

09-06-2008 15:02 MOSCOW, June 9 (RIA Novosti) - Russia's Central Bank will raise its refinancing rate from 10.5% to 10.75% on June 10, the bank said on Monday.

Russian oil firm Rosneft posts 600% US GAAP net income rise in Q1

09-06-2008 14:20 MOSCOW, June 9 (RIA Novosti) - Russia's state-controlled crude producer Rosneft [RTS: ROSN] said on Monday its US GAAP net income increased 600% year-on-year in the first quarter of 2008 to $2.56 billion.

Dollar down 4.41 kopeks, euro down 3.9 kopeks - Central Bank

09-06-2008 13:40 MOSCOW, June 9 (RIA Novosti) - The official dollar rate set by the Russian Central Bank from June 10 is 23.5210 rubles, down 4.41 kopeks from Monday, the Central Bank said.

Gazprom, SUEK coal producer drop $16 bln merger - news release

09-06-2008 12:13 MOSCOW, June 9 (RIA Novosti) - Russia's gas monopoly Gazprom and largest coal producer SUEK have dropped plans to merge their electricity and coal assets worth $16 billion, but signed a strategic cooperation deal, the companies said in a joint news release.

Petersburg Economic Forum brings $14.6 bln in deals

09-06-2008 11:55 ST. PETERSBURG, June 9 (RIA Novosti) - The St. Petersburg International Economic Forum, which brought together politicians and business leaders from June 6-8, produced $14.6 billion in deals, the economics minister said on Monday.

Asset value of Russian banks grows 2% in April

09-06-2008 11:21 MOSCOW, June 9 (RIA Novosti) - The asset value of Russia's banking system grew by around 2% in April, a high-placed source in the Central Bank of Russia said on Monday.

Banks' correspondent accounts with CBR decline 0.2%

09-06-2008 09:53 MOSCOW, June 9 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 556 billion rubles ($23.6 billion at the current exchange rates) at the beginning of the business day, down 0.2% from Saturday, the CBR said Monday.

Kremlin pledges to stay out of TNK-BP shareholders' row

08-06-2008 18:41 ST. PETERSBURG, June 8 (RIA Novosti) - The Russian leadership does not intend to intervene in an ongoing dispute between shareholders of Russian-British oil venture TNK-BP, a Kremlin aide said on Sunday.