Archive for August 2011

Russia's Gazprom reports substantial rise in profits

Aug 30th, 2011 | By | Category: Asides

A substantial rise in three-month profits has been reported by Russia's state-controlled gas monopoly Gazprom. The group revealed that pre-tax profits for the first quarter of 2011 reached 591 billion roubles, capsule which represents a 40 per cent increase on the same period last year. Meanwhile, buy more about sales were up by 38 per [...]

Rouble hit by Libyan conflict

Aug 23rd, 2011 | By | Category: Rouble News

The rouble has weakened against the US dollar following the conflict in Libya between Muammar Gaddafi and the rebel forces. At the close of play in Moscow yesterday (22 August, mind 19:00 local time), the rouble has lost 0.2 per cent to the dollar after gains of 0.7 per cent in the preceding week. However, [...]

Oil field exceeds expectations

Aug 16th, 2011 | By | Category: Asides

Drilling and testing of the first horizontal well in the Russian Zapadno Chumpasskoye Field has exceeded expectations. Heritage Oil Plc reported that production from Well 363 is currently at a controlled rate of 1, drug 205 bopd, information pills contributing to the overall field production rate of c.1, pharm 600 bopd. This is a significant [...]

Russia is 'underrated'

Aug 9th, 2011 | By | Category: Asides

Credit rating companies have "clearly underrated" Russia, advice according to the country's Finance Ministry. Standard & Poor's, viagra dosage one of the largest ratings firms, have the Russian economy rated at BBB. This is the second lowest investment grade possible, making it similarly matched to Mexico. This is despite the fact that Russia's debt-to-GDP stands [...]

Rouble value gains on US debt deal

Aug 2nd, 2011 | By | Category: Rouble News

The rouble gained some ground against the US dollar yesterday (1 August) due to improved risk appetite. News that the US managed to reach an 11th hour deal to raise the country’s debt ceiling and avert default buoyed investor appetite for commodity currencies on a global basis. The change in attitude marked the first improvement [...]