Banks

Russian Finance Minister Forecasts that U.S. Dollar Will Fall

Russian Finance Minister Alexei Kudrin forecasts that the U.S. dollar will fall against other global currencies. “The dollar will fall, the question is how fast,” Kudrin said on Wednesday, Feb. 21, giving a lecture at Moscow’s Higher School of Economics.

Popularity: 1% [?]

February 22, 2007

Net Capital Inflow in Russia to Near $40 billion?

A net capital inflow in Russia will near $40 billion this year, President Vladimir Putin said at a Friday meeting with Lukoil CEO Vagit Alekperov, with the reference to preliminary information.

Popularity: 1% [?]

December 29, 2006

Russian Banks Syndicate $203 Million Aircraft Loan for Cuba

cuba_havana.jpg

A syndicate of Russian banks and Cuba’s Aviaimport S.A. have signed a $203.4 million credit agreement, RIA Novosti news agency reported Friday.

Popularity: 2% [?]

December 22, 2006

Russian Bank Chief Jailed in UK Over Identity Fraud

London’s Harrow Crown Court sentenced a Russian bank chief to six year prison term for coordinating an international identity theft operation, SC Magazine reported Wednesday.

Popularity: 1% [?]

December 20, 2006

Russia Gold, Currency Reserves up $6.7 billion in Week, to $290 billion

Russia’s gold and foreign currency reserves grew $6.7 billion to $290.1 billion as of December 1, from $283.4 billion a week earlier, the Bank of Russia said Thursday.

Popularity: 1% [?]

December 7, 2006

Top Russia Banker’s Murder Solved?

Central Bank Chief Andrei Kozlov

Russian investigators believe they have solved the murder of deputy central bank chief Andrei Kozlov who was shot dead in Moscow, the chief prosecutor said on Tuesday.

Popularity: 1% [?]

December 5, 2006

X5 and Sedmoy Continent Contend for 50% Stake in Kopeika

According to Russian press reports, domestic retailers X5 Retail Group and Sedmoy Continent are contending for a 50% stake in Kopeika discount chain.

Popularity: 1% [?]

EBRD to Invest $35 Million in Russia New Growth Fund

The board of the European Bank for Reconstruction and Development has confirmed the bank’s $35 million participation in the Russia New Growth Fund, which is managed by Troika Capital Partners and aims to help some of the most dynamic companies in Russia and the former Soviet Union fund promising projects.

Popularity: 1% [?]

Hungary’s Biggest Bank to Invest $200 Million at Russian Unit Next Year

Hungary’s OTP Bank plans to invest $200 million in its recently-acquired Russian unit Investsberbank, Russian daily Vedomosti reported on Monday.

Popularity: 1% [?]

December 4, 2006

Three Russian State Banks to Merge With Capital Over $2 Billion

Three Russian state-owned banks will merge to form a Development Bank, with authorized capital of over $2 billion, the economics ministry said Monday.

Popularity: 1% [?]