Financial News and Economical Crisis

In the Donetsk region, as of October 9, 2009 the total amount of salary arrears to coal-mining and mine construction companies in the region amounted to 908.9 million UAH. This UNIAN reported in the press service of the Donetsk Regional State Administration. According to the report, including: the duty to state-owned coal enterprises is 813.7 million UAH. By non-state coal enterprises - 63,5 million UAH., Businesses Mine Construction on the complex - 31,7 million UAH. debt structure ... Read More

actions of the bank Nadra (Kiev) is a flagrant violation of laws which require: the client is entitled to claim compensation from the bank for damages, pecuniary damages, but the data breach will be difficult to prove to individuals who are customers of the bank, say lawyers polled by Interfax-Ukraine . So they commented on the actions of the bank Nadra for posting on its Web site lists 42 thousand borrowers physical persons - subjects of small and medium ... Read More

As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 274.88 billion rubles. or 9.29 billion dollars, the MICEX Index, compared with the value at closing of the previous trading day down by 46.91 subsection (3.456%) to 1310.53 p. MICEX Oil Gas Index - fell to 95.47 paragraph (3.716%) to Section 2473.87, MICEX Power Index - rose to 4.55 part (0.194%) to Section 2350.91, MICEX Telecommunication Index - rose to 4.78 p. ... Read More

Russia's bid opened a slight decrease in the technical correction after the recent rally. First,dropping those shares, which at the time of growth achieved high price levels: the LUKOIL, Rosneft, VTB. The situation in commodity markets has been quite favorable: oil prices, declined slightly, then resumed their rise, quotes on gold reached a mark of $ 1,066 /ounce. During the day, shoppers tried to take the offensive and reverse the negative dynamics in the market. At first their ... Read More

October 13 in Moscow, joined International Forum Week of Efficient Gas Distribution and Utilization. The forum involved Gazprom delegation headed by a board member of the company, the head of the Department of Transportation, Underground Storage and Use of Gas by Oleg Aksyutin, the report said Gazprom. The Forum held a coordination meeting on the commercialization of automotive and agricultural equipment, operating on natural gas. Speaking at a meeting with the report, Oleg Aksyutin noted the high interest ... Read More

a visit to Kiev missionof the International Monetary Fund. From the findings of Western experts depend on Ukraine's chances to obtain the latest in this year (fourth) installment of the loan fund of $ 3.7 billion, the negotiation process will not be easy: the IMF has accumulated a lot of claims to the Ukrainian authorities. In early October, the IMF delegation met with Vice Prime Minister of International and European Integration Grigory Nemyria in Istanbul, after which Ukrainian officials ... Read More

Today in the cash market there is a slight increase of the euro - compared to yesterday's average rates of buying and selling of European currencies increased by 1.2 kopecks. At the same time, the dollar and the Russian Ruble retain their earlier hard-won positions. Thus, banks bought dollars to 8,19-8,32 UAH /USD. and sell for 8,32-8,421 UAH /USD. Course of purchase of cash euro makes 12,0-12,32 grn /euros, with sales - 12,34-12,50 grn /euros. Russian Ruble of 2,35-2,79 ... Read More

           13.10.09 15:17 ;   Trade and economic cooperation between Russia and China reached a sufficiently high level, said Prime Minister Vladimir in an interview with Chinese media during a business forum in Beijing. The prime minister said trade between the two countries in 2008 reached $ 56 billion, It is true that he, in connection with the crisis in the global economy this year will be lower in cost, but on the physical volume will grow even a little, - ... Read More

The American stock market (SP 500 0.44%) Columbus Day is celebrated with the same optimistic spirit with which he concluded the previous five trading sessions. Investors were impressed by the favorable quarterly results of Philips, who were forced to rely on the same pleasant surprises in the records of JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Intel, Johnson Johnson, IBM and General Electric, which will be published this week. Beneficial way on the dynamics of the shares affected continued with the ... Read More

8 October 2009 Arbitration Court of Vologda region has refused to meet the requirements of LUKOIL-Volganefteprodukt and LLC Entikom-invest the annulment of decisions and orders of FAS Russia, Vologda, which found that companies consistently establish and maintain the same level of prices for gasoline and diesel fuel in the region. 11 March 2009 Vologodske FAS admitted LUKoil - Volganefteprodukt and ENTIKOM - INVEST violated Paragraph 1 of Part 1 of Article 11 of the Law on Protection of ... Read More