Search Results for: Russian
Russia wins Hague court appeal over $50bn Yukos judgement
April 21st, 2016
A Dutch appeal court has overturned an arbitration court decision which required Russia to pay shareholders in the former Yukos oil company $50 billion, the Interfax news agency reports. “We have won our appeal of the arbitration court decision ...
Moscow & Shanghai seek to dominate gold trade
April 21st, 2016
The Bank of Russia and the People’s Bank of China want to create a joint platform that would unite gold trading by the world’s two biggest gold buying countries. “BRICS countries are large economies with large reserves of gold ...
Bitcoin Trademark Issued for the first time in Russia
April 19th, 2016
Bitcoin and Russia have had some tough times so far. The government is not interested in having bitcoin around, but they definitely want to explore the use of blockchain technology in banking and financial sector. However, ‘Bitcoin’ did get ...
Leading investor calls Russia ‘the bargain of the century’
April 18th, 2016
Despite a double whammy from international sanctions and the oil price crash, the Russian stock market now offers “the bargain of the century,” Templeton Emerging Markets’ executive chairman Mark Mobius told CNBC. “Russia is very cheap,” said Mobius. “The problem is ...
Oil Plunges After Output Talks Fail Amid Saudi Demands Over Iran
April 18th, 2016
No Doha deal as Saudi insists all OPEC members must join Russia says it was surprised by some nations changing position Oil tumbled by the most in two months after output talks Sunday between the world’s biggest producers ended without any ...
Bank of Russia informs regarding revocation of a banking licence
April 15th, 2016
Due to the non-compliance by the Rostov-on-Don-based credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company, or JSC JSCB Stella-Bank with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Bank of Russia regulations issued in accordance with the Federal Law ‘On ...
€4.5mn contract for Bulgaria-Romania gas pipeline
April 14th, 2016
Austrian engineering firm Habau last week signed a €4.5mn contract for building a section of the Bulgaria-Romania gas pipeline under the Danube river. The deal was signed in Sofia by the transmission system operators of Bulgaria and Romania: Bulgartransgaz and Transgaz and Habau ...
Russia Says Oil-Freeze Deal Could Go Ahead Without Iran
April 14th, 2016
Comments come ahead of meeting between major oil-producing nations in Qatar on Sunday Russian Energy Minister Alexander Novak said Wednesday that an agreement on freezing oil production could be reached between oil-producing countries without the participation of Iran, Tass ...
Markit adds Moscow Exchange to FX trading connectivity network
April 14th, 2016
Markit, a leading global provider of financial information services and the Moscow Exchange (MOEX), Russia”s multifunctional exchange platform, today announced that Markit”s FX pricing distribution hub service added MOEX to its network of trading venues, providing FX market participants ...
Asian shares at four-month highs
April 14th, 2016
Asian stocks rose to their highest levels in more than four months on Thursday and regional currencies weakened led by the Singapore dollar as hopes grew that more central banks will join the city state in easing monetary policy ...
