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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: 23 April 2008
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Business
Firms Trying to Gain Foreign Footing
By Anna Smolchenko / Staff Writer Dmitry Afanasyev, a high-powered Moscow lawyer, needles Aeroflot CEO Valery Okulov at least once a year about the fact that the airline doesn't offer a direct flight to Miami. |
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Vekselberg Ups Stake In Oerlikon
Combined Reports Billionaire Viktor Vekselberg raised his stake in Switzerland's Oerlikon to 32 percent, taking another step toward wresting control from the group's other major shareholder ahead of the annual shareholders meeting next month. |
TNK-BP Field Investigation Extended
By Miriam Elder / Staff Writer The Natural Resources Ministry has extended by one month its investigation into TNK-BP's largest oil field, a senior official said Tuesday, keeping up pressure against the embattled Russian-British oil firm. |
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Gazprom Neft Puts Focus on Acquisitions
Reuters Gazprom Neft, the oil arm of gas export monopoly Gazprom, outlined on Tuesday its output strategy through 2020, aimed at more than doubling output by 2020 through acquisitions. |
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Sibur Management May Seek to Gain Control
Combined Reports Sibur managers want to buy a controlling stake from other shareholders in Gazprom's petrochemicals unit, Kommersant reported, citing a source familiar with the situation. |
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IMF Suggests Central Bank Lift Rates
By Gleb Bryanski / Reuters The International Monetary Fund believes that the Central Bank needs to raise interest rates further as there are strong signs of overheating in the economy, the head of the IMF in Russia said Tuesday. |
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Alitalia Waits For Loan or Aeroflot Bid
Reuters The Italian government called a Cabinet meeting Tuesday to discuss an emergency loan to keep ailing national carrier Alitalia flying after Air France-KLM torpedoed hopes of reviving its takeover plan. |
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Armenia Uranium Deal
Bloomberg Uranium Holding ARMZ, the mining unit of state nuclear corporation Rosatom, plans to set up a venture with the Armenian government to explore for and extract the metal used to make atomic fuel. |
The Kazakh Rockefeller of Nuclear Fuel
By Elliot Blair Smith / Bloomberg Muktar Dzhakishev, the head of Kazatomprom, is seeking to supply one-third of the world’s nuclear fuel. |
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Atomic Firm Faces Tax Claim
The Moscow Times Rosenergoatom, the state company that manages the country's 10 nuclear power stations, received a back tax claim of 1.7 billion rubles ($73 million), a company spokesman confirmed on Tuesday. |
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Business in Brief
131,000 MillionairesOil Hits Record $118European Medical Center100 CIS Companies on LSE2 Execs Leave X5 BoardGazprom's Price for PolandFor the Record |
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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
