10:34Severstal reports robust operating results in 2Q 2008
Severstal has reported robust production results for 2Q 2008 on behalf of all its key divisions. In particular, the company's US division has demonstrated strong production growth driven by the takeover of a new company. The company's Russian division reported production decline, which, however, was made up for with faster growth in the company's factory prices.
10:33RusHydro cuts its financial targets for 2008
Faced with lower-than-expected water levels in Siberia and Far East, RusHydro is considering revising its revenue and profit targets for 2008, which may have a negative impact on its stock valuations.
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