http://www.fin-rus.com/newtopics/news/default.asp Financial-Analyst Russian Brokerage Company: Russian Stock Market, Investment in Russia, Russian Stocks en-us http://www.fin-rus.com/newtopics/news04CB8/default.asp July 3. Canadian auto producer Magna plans to remove by next Tuesday the final hurdles in taking over Opel, the European unit of General Motors, informed sources reported. Magna is to hold a board meeting on July 7 at which the board should approve a business plan for this transaction,... 2009-07-03 10:04:00 http://www.fin-rus.com/newtopics/news04CB7/default.asp July 3. The Central Bank has accused stock exchanges of last autumn's repo crisis and proposed changing the status of trading floors, urging them to take responsibility for financial stability, Director of Securities Operations on Financial Markets at CBR Sergey Shvetsov said Thursday. "It... 2009-07-03 10:03:00 http://www.fin-rus.com/newtopics/news04CB6/default.asp July 3. AvtoVAZ which reported a loss of nearly RUB 25 bn in 2008 acknowledged that it could be unable to continue operations without state support. "Without support of the government of the Russian Federation aimed at refinancing the group's liabilities and securing additional loans...... 2009-07-03 10:02:00 http://www.fin-rus.com/newtopics/news04CB5/default.asp July 3. OGK-1's net profit under IFRS rose 5.4x y-o-y to RUB 2.03 bn in 1Q 2009, the power utility reported. OGK-1's revenue in 1Q dropped 12.8% to RUB 11.87 bn. The company primarily attributes weaker revenue to lower output at power plants, down nearly 16%, due to a decline in consumption... 2009-07-03 10:01:00 http://www.fin-rus.com/newtopics/news04CB3/default.asp July 3. In global petroleum market headlines, oil prices tumbled to their lowest close in a month Thursday following the release of bleak unemployment numbers in Europe and the US. Benchmark crude for August delivery plunged USD 2.34, more than 3%, to USD 66.97 a barrel on MICEX. Prices... 2009-07-03 08:01:00 http://www.fin-rus.com/newtopics/news04CB2/default.asp July 2. Vladimir Lisin has consolidated management of his transportation assets (four ports and two river shipping companies). Universal Cargo Logistics Holding BV (UCLH), controlled by Lisin, reported Wednesday that on July 1, 2009 its subsidiary, limited liability the company Management... 2009-07-02 10:04:00 http://www.fin-rus.com/newtopics/news04CB1/default.asp July 2. Turkmen President Gurbanguly Berdymukhamedov has proposed his Russian counterpart Dmitry Medvedev to meet in Ashgabat in mid-September, for the first time after Russia stopped purchasing Turkmen gas. The relations between Turkmenistan, the largest gas exporter in Central Asia, and... 2009-07-02 10:03:00 http://www.fin-rus.com/newtopics/news04CB0/default.asp July 2. Two Russian assembly lines of foreign car makers - Ford and General Motors - halted production as of July 1 and analysts are confident that car assembly lines in Russia will see sporadic stoppages, since the crisis has taken a tool on domestic auto purchases. In January-May 2009, car... 2009-07-02 10:02:00 http://www.fin-rus.com/newtopics/news04CAF/default.asp July 2. The Duma members have adjusted the draft law on additional bank capitalization via OFZs and given Russian lending institutions the ability to repurchase from the state their preferred shares and extend the buyback right for another year. Capitalization via OFZ special issues is... 2009-07-02 10:01:00 http://www.fin-rus.com/newtopics/news04CAD/default.asp July 2. In global petroleum market headlines, oil prices dipped below USD 70 a barrel Wednesday after government data showed a build in US gasoline inventories ahead of the Independence Day holiday, traditionally the peak of the summer driving season. Benchmark crude for August delivery fell... 2009-07-02 10:00:00 http://www.fin-rus.com/newtopics/news04CAC/default.asp July 1. TNK-BP reported stronger 2Q 2009 financials and mulls boosting investments, TNK-BP COO Tim Summers said. According to him, for the time being oil production "has been higher than the company's targets" and financial indicators for April-June will be stronger than 1Q 2009 numbers. At... 2009-07-01 11:04:00 http://www.fin-rus.com/newtopics/news04CAB/default.asp July 1. The mechanism of additional capitalization for Russian banks via OFZ (federal bonds) could be extended to enterprises in the real sector of the economy, Director of Securities Operations of CBR Sergey Shvetsov said Tuesday. "The additional capitalization mechanism will now be... 2009-07-01 11:03:00 http://www.fin-rus.com/newtopics/news04CAA/default.asp July 1. Seventh Continent's board appointed on Tuesday as the company's new CEO board member and CEO of 7K Invest Holding Boris Morozov, the company reported. Stepan Kovalchuk, who worked for a year in this position, on the same day as the AGM decision was elected to the board of the... 2009-07-01 11:02:00 http://www.fin-rus.com/newtopics/news04CA9/default.asp July 1. Federal Grid System (FSK) could more than halve its 3-year investment program unless its tariff hikes are lower than the minimum required 10-12% in 2010-2011, First Deputy CEO FSK Alexander Chistyakov said Tuesday. According to Chistyakov, the minimum acceptable tariff hike enables... 2009-07-01 11:01:00 http://www.fin-rus.com/newtopics/news04CA7/default.asp July 1. In global petroleum market headlines, oil prices tumbled below USD 70 a barrel Tuesday after a steep drop in US consumer confidence data in May rekindled concerns over a potential economic rebound. Benchmark crude for August delivery dipped USD 2.25, more than 3%, to USD 69.24 a... 2009-07-01 08:12:00