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Russian car sales may fall up to 35% in 2015, PwC says

2015-02-09 13:25:12| Auto Dealers - Topix.net

Russian new-car sales are expected to decline by 25 to 35 percent this year as a weakening ruble and a sharply declining economy hit demand, accounting firm PricewaterhouseCoopers said. PwC said in a presentation that sales could reach 1.52 million to 1.75 million units, compared to 2.34 million in 2014, when registrations were down 10 percent in annual terms.

Tags: sales car fall says

Huber+Suhner to supply Radox cables for Russian metro trains

2015-02-05 01:00:00| Railway Technology

Swiss firm Huber+Suhner has secured an order to deliver Radox cables for the series production of 54 carriages for new metro trains in a major Russian city.

Tags: supply russian metro cables

BP beats expectations on surprise Russian profit, stock jumps

2015-02-03 12:55:35| Oil & Gas - Topix.net

Oil major BP beat expectations for the fourth quarter of 2014 thanks to a surprise profit from its stake in Russian oil giant Rosneft while taking a $3.6 billion impairment charge and cutting spending due to low oil prices. The firm reported underlying replacement cost profit at $2.2 billion versus expectations of $1.5 billion.

Tags: stock russian profit surprise

Will The Russian Ruble Collapse... Again?

2015-02-02 01:29:46| Electronics - Topix.net

What has been referred to as a "perfect" storm provides the U.S., E.U., and, perhaps, even Sony, with the opportunity for a bit of "payback." . The threat of U.S. and E.U. sanctions over the crisis in Ukraine, collapse of oil prices, and a declining Ruble do not include the Syrian-Obama/Putin crisis.

Tags: russian collapse ruble