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Russia raises interest rates to 10.5%

2014-12-11 12:21:14| BBC News | Business | UK Edition

Russia's central bank raises interest rates to 10.5% from 9.5%, the second hike in six weeks, as it seeks to combat inflation.

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Barclays Downgrades Russia Telecoms, Likes Turkey, VimpelCom Sinks 4%

2014-12-11 00:18:29| Telecom - Topix.net

Three that trade in the U.S. are lower headed into the close: VimpelCom is down nearly 4%, Mobile TeleSystems is down 0.5% and Millicom International Cellular is down 0.9%. Barclays downgraded VimpelCom, Mobile Telesystems and Megafon from Equal Weight to Underweight.

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Russia to construct two 1,200MW nuclear reactors at Paks power plant in Hungary

2014-12-10 01:00:00| Power Technology

Russia and Hungary have signed a general framework agreement for developing two nuclear reactors of 1,200MW capacity each for the Paks nuclear power plant, located in central Hungary.

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Russia admits action to buoy rouble

2014-12-09 11:40:32| BBC News | Business | UK Edition

Russia's central bank admits it intervened to support the rouble last week spending a total of $4.53bn in the currency markets.

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Russia: auto decline lingers, but slows pace in November

2014-12-09 09:27:06| Auto Dealers - Topix.net

The country's auto sales - once seen capable of overshadowing the top European market of Germany - have slowed their continued decline, falling just 1% last month - after the 10% drop accounted in October. The country's troubled auto business has seen double-digit increases until 2013 - the year when the weaker economy and lower valuation of the local currency led to a 5% overall drop.

Tags: november auto russia pace

 

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