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Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.
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| Saturday, August 30, 2008
Updated at 29 August 2008 0:13 Moscow Time | |
Published: 24 December 2007
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Business
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Gazprom, State Top Picks for '08
By Catrina Stewart / Staff Writer Every new year starts with a few good resolutions, most of which are soon lying by the wayside. |
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Business in Brief
Baltic Pipeline DelayKashagan Deal CloseRosneft Shares DumpedInflation Hits 2-Year HighFor the Record |
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Exxon Pipeline to China Is Blocked
Bloomberg ExxonMobil has been denied permission to start work on a gas pipeline to China from Sakhalin-1 this year, the Industry and Energy Ministry said in a statement on its web site Friday. |
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Gazprom Seen in Talks on ExxonMobil's Sakhalin-1
Combined Reports Gazprom this year held talks to join ExxonMobil's Sakhalin-1 oil-and-gas project, an unidentified person close to the gas giant said. |
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Putin Blesses Opening of Toyota Plant Near St. Pete
Bloomberg, AP Japanese auto giant Toyota on Friday opened an assembly factory near St. Petersburg to meet accelerating demand. The 5 billion ruble ($202 million) plant will put together 20,000 Camry cars next year and raise capacity to 50,000 vehicles in 18 months, Toyota president Katsuaki Watanabe said at an opening ceremony attended by Economic Development and Trade Minister Elvira Nabiullina, which was followed by a plant tour with President Vladimir Putin. |
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AXA Buys RESO Stake for $1.2Bln
Reuters Europe's second-biggest insurer, AXA, has made a major entry into Russia with a deal to buy a 36.7 percent stake in insurer RESO-Garantia for about 810 million euros ($1.16 billion). |
VimpelCom, Golden in $4.3Bln Deal
By Tai Adelaja / Staff Writer VimpelCom, the country's second-largest mobile phone operator, announced Friday that it would acquire fixed-line and Internet firm Golden Telecom for $4.3 billion, a deal that could give it a head start over its rivals in providing one-stop services. |
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Currency Exchange
USD/RUR - 23.5
EUR/RUR - 37.1
Weather
Hurdles Ahead.
Boosting Population a Vague Science
Armed With Nukes and a Vague Plan
Balancing Growth and Environment
Lots of Work but Too Few Workers
Rich Get Richer as Poor Get Poorer
Most Popular Stories.
2. Conflict Exposes Obsolete Hardware
3. Medvedev Backs Independence Bids
4. Russia Expands Into Georgia Proper
5. Georgia Caused This War
Archive
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Columnists
One Way to Live Happily Ever After
By Michele A. Berdy
Nation of Champions Starts in the Courtyard
By Georgy Bovt
Leonid Kuchma Built a Prosperous Ukraine
By Anders Aslund
Don't Trust Politicians With War
By Alexander Golts
Rethinking the War
By Alexei Pankin
The Age of Solzhenitsyn
By Alexei Bayer
How Pique and Spite Can Destroy Relations
By Vladimir Frolov
Russia's Upside in the Georgia Conflict
By Boris Kagarlitsky
Georgian Crisis Is a Trap for U.S. Leadership
By Fyodor Lukyanov
Looking Into Saakashvili's Caucasus Soul
By Yulia Latynina
A Tried and True Diversion Tactic
By Konstantin Sonin
Still Going for Their Gold
By Mark H. Teeter
Fighting Russian Tanks With Patriotic Defiance
By Matthew Collin
The Great Writer Who Buried Communism
By Yevgeny Kiselyov
The Same Old Presidential Reserve
By Nikolai Petrov
The Missiles of July
By Richard Lourie
Immunity From the Oil Curse
By Martin Gilman
