Financial News and Economical Crisis

Minsport provides complete control over the proceedings and the financing of reconstruction and construction of NSK Olympic, and there is no doubt that the stadium will be ready to adopt the Euro 2012 matches at certain dates. According to the press service of the Ministry of Family, Youth and Sports, said of the Minister Yuriy Pavlenko to the outcome of the meeting of Staff for the reconstruction of sports on 30 July. All work on the renovation and ... Read More

Futures on the main index and the blue chips are divided into the main session on FORTS. The volume of trades per day was more than $ 1 131 million volume of open positions in Futures rose to 2 022 292 contracts for options - up to 1 674 248 contracts. June futures on the RTS index closed in the black, gaining 1.3% to a value of 66 250 points. The volume of transactions on the futures contract was 535 553, open ... Read More

Symptoms devaluation of hryvnia in Ukraine prior to the allocation of the next tranche of the IMF is very similar to controlled foreign games, which can only lead the team with support from the regulator - the National Bank. The statement was made by the Director of the Agency simulations (AMC), Vitaly Bala. Certainly, it is a game to the course prior to the allocation hryvna the next tranche of IMF are testimony to the consistency of position of ... Read More

largest U.S. banks that have received assistance from the state to combat the negative effects of economic crisis, paid-up last year about 33 billion dollars as a bonus. The statement was made by the Attorney General of New York Andrew Kuomo. Among the banks that paid bonuses to its employees, despite a multimillion losses due to crisis, - Citigroup, Merrill Lynch, Goldman Sachs, Bank of America, JP Morgan Chase and others. More than 4700 employees of these financial organizations ... Read More

  On Friday, July 31, the main indices of the Asian region together have completed the session in the Green Zone. Positive reports of regional companies, as well as increases in the prices of Commodities added optimism, demonstrating early recovery of Asian economies. The regional index MSCI Asia Pacific through the successful course of the session has increased by a maximum in the last 5 months value. Thus, on the basis of the trading index MSCI Asia Pacific ... Read More

Last year's increase in debt issues of banks led to a further fall of reservoir companies were able to buy portfolios of problem loans at a discount of up to 90%. Today the price of bad loans fell to 0,5-1% of the nominal value. Nevertheless, collectors are not in a hurry to encumber themselves elevated risk. More and more banks and collectors interested in selling problematic portfolios. Certainly, the technology of interaction of banks and collectors of these types ... Read More

Russia Stock Markets United States once again showed a positive momentum, allowing the index broad market SP 500 closer to the psychologically significant mark of 1000p. against the backdrop of these positive corporate reportingcompanies such as Motorola Inc. and MasterCard Inc., as well as reduce the requests for unemployment benefits. Increasing interest in Treasury securities gave an opportunity to raise the price to the results of the auction of seven debt securities. Stocks Motorola - increased by 9.4%, ... Read More

Production of steel at OAO Severstal in the second quarter of 2009 amounted to 3 813 thousand tonnes, which is 0.4% higher than in the previous quarter. Production of rolled products declined by 1.2% compared to the first quarter of 2009 - up to 2 874 tons. Total production of iron ore pellets in the second quarter of 2009 increased by 55% compared with the first quarter of 2009, iron ore concentrate production grew by 7%, coal production increased by 22%. ... Read More

Government plans to introduce incentives for new categories of taxpayers. On Wednesday the bill was published, which proposed to exempt from taxation of citizens who have been reduced, but not on account of civil service employment, but instead registered as private entrepreneurs. The rest of the private entrepreneurs for any benefits will not occur. Government offers citizens have lost their jobs due to downsizing or reorganization of the company, not to be registered at the center of employment, a ... Read More

VTB goes to SPO /rumors of a devaluation Today, you can expect a positive market opening, will be the favorite stocks of Norilsk Nickel. Then, you can expect consolidation. The main event of the day will be the publication of preliminary data on U.S. GDP for the second quarter at 16.30 Moscow time. Expected -1.5%. Published information will determine the closing of the week and beyond the world's playgrounds. Surgutneftegaz net profit ... Read More