STOCK MARKET of RUSSIA

Nov 13. Rosneft is well-positioned to acquire Lukoil

2007-11-13T10:56:00.000-08:00

Finamrus com 13.11.2007 14:36
http://www.finamrus.com/newtopics/news03C87/default.asp

Rosneft is well-positioned to acquire Lukoil, vice president and director of Lukoil's chief directorate for strategic development and investment analysis Leonid Fedun said in an interview with a Russian magazine. "It's quite simple to do this. During a year about 60% of Lukoil shares turn around on an exchange, i.e. Lukoil could be picked up within a year, if one is willing to. You should clearly understand that since its inception the company has developed as a market-oriented concern. You can't just come up to a shareholder and take a big stake from him, since the shareholder simply does not have it" – Fedun said in his statement.

Nov 12. Gazprom, whose export strategy involves participation in energy generation activities on key sales markets, confirmed plans

2007-11-12T12:06:00.001-08:00

Finamrus com 12.11.2007 14:26
http://www.finamrus.com/newtopics/news03C74/default.asp

Gazprom, whose export strategy involves participation in energy generation activities on key sales markets, confirmed plans to construct a large TPP in the German town of Lubmin near Greifswald, the final point of the Russian-German gas pipeline Nord Stream. As German newspaper Frankfurter Allgemeine Zeitung (FAZ) wrote quoting Gazprom's deputy board chairman Alexander Medvedev, the gas concern is going to build this thermal power plant with production capacity of over 1,000 MW in partnership with E.ON.

Nov 9. Finam raises Severstal's target price.

2007-11-10T03:25:00.000-08:00

Finamrus com 09.11.2007 16:10
http://www.finamrus.com/newtopics/news03C6C/default.asp

Finam Investment Company has revised its target price for Severstal's shares from $14.30 to $23.33, cutting the stock recommendation from Buy to Hold. Finam analysts think that the factors producing a positive impact on the metal major's securities are the favorable conditions on the rolled products market and also the company's aggressive expansion into the precious metals sector.

Nov 7. Mechel Group has launched syndication of a $2 bn loan

2007-11-07T12:29:00.000-08:00

Finamrus com 07.11.2007 13:02
http://www.finamrus.com/newtopics/news03C47/default.asp

Mechel Group has launched syndication of a $2 bn loan to refinance the acquisition of Yakutia-based coal assets, the metal group said in a statement. The credit facility will be arranged by seven banks: ABN Amro, BNP Paribas, Calyon, Natixis, Societe Generale, SМВС and Commerzbank. Mechel is to raise a $1.7 bln 5-year pre-export loan (secured by future payments for the group's exports) and a $300 mln 3-year unsecured credit.

Nov 2. Akron could pay out Rub 25 as 9M07 per-share dividends.

2007-11-03T03:11:00.000-07:00

Finamrus com 02.11.2007 13:12
http://www.finamrus.com/newtopics/news03C29/default.asp

Akron could pay out Rub 25 as 9M07 per-share dividends. The Board of Directors at Akron recommended at Wednesday's meeting that a December 20 EGM approve 9M07 dividend payouts of Rub 25.00 per common share with Rub 5.00 par value each, the company said in a statement. As the press release pointed out, this figure takes into account Rub 13.00 per-share dividends paid for H107.

Oct 29. Irish mining group Celtic Resources is still not willing to accept Severstal's takeover offer

2007-10-29T12:22:00.001-07:00

Finamrus com 29.10.2007 14:34
http://www.finamrus.com/newtopics/news03BE5/default.asp

Irish mining group Celtic Resources is still not willing to accept Severstal's takeover offer, Celtic said in a press release published Friday. The press release was issued in response to the posting of Severstal's offer document to Celtic shareholders at 270 pence per share, which puts Celtic Resources' market cap at 161 mln pounds sterling.

Oct 26. The Russian government has signed a directive to vote with the state-owned interest (52.67%) in UES at an October 26 EGM,

2007-10-27T11:06:00.000-07:00

Finamrus com 26.10.2007 13:12
http://www.finamrus.com/newtopics/news03BCF/default.asp

The Russian government has signed a directive to vote with the state-owned interest (52.67%) in UES at an October 26 EGM, a source close to the Cabinet told Interfax. "The directive instructs Alexander Voloshin, UES board chairman, to vote for the reorganization" – the same source said. Voloshin traditionally votes with the state-controlled interest in UES at shareholder meetings. "After Voloshin receives the instructions he will complete ballot sheets and forward them to Status, a registrar" – the news agency wired. The accepting deadline for the votes cast on the completion of UES' restructuring is 6 p.m. Friday. If the affirmative decision is taken, the energy holding will cease to exist as of July 1, 2008.

Oct 25. Swiss crude trader Glencore has applied to FAS seeking to acquire minority stakes

2007-10-25T09:59:00.000-07:00

Finamrus com 25.10.2007 13:09
http://www.finamrus.com/newtopics/news03BC7/default.asp

Swiss crude trader Glencore has applied to FAS seeking to acquire minority stakes in three oil producing subsidiaries of Russneft, but not the shares of the oil company itself, Bloomberg news agency reported quoting Glencore's official representative. The company denies it applied to acquire the oil producer itself. According to the company's representative, the application was filed in September.

Oct 23. Saint Petersburg Bank has announced its target placement range

2007-10-23T09:00:00.000-07:00

Finamrus com 23.10.2007 14:02
http://www.finamrus.com/newtopics/news03B9F/default.asp

Saint Petersburg Bank has announced its target placement range, $4.35-$5.65 per share and $13.05-$16.95 per GDR, the bank said in a statement. The lender's market capitalization is projected to be in the ballpark of $1.23 bln to $1.60 bln, and its free float will be up to 18%. As wired earlier, as part of the IPO investors will be offered to acquire the bank's new shares which will amount to 18% of the lending institution's total common voting shares after the offering. The bank is going to float common shares and GDRs without going through GDR listing procedures. Saint Petersburg Bank's stocks to be offered abroad will equal 35,599,999 common registered stocks or 11.7% of the upsized charter capital.

Oct 22. Gas to be supplied by Russia to Belarus could cost $125 per 1,000 cu m in 2008

2007-10-22T09:26:00.001-07:00

Finamrus com 22.10.2007 15:07
http://www.finamrus.com/newtopics/news03B94/default.asp

Gas to be supplied by Russia to Belarus could cost $125 per 1,000 cu m in 2008, Deputy Industry and Energy Minister Ivan Materov told reporters in Minsk Friday. "Given the formula the gas price is such, give or take $10" – Materov said. According to him, all conditions will be agreed upon by 2008, as gas deliveries should be launched at the new price starting January 1, 2008.

Oct 19. Russia's international reserves hit record heights

2007-10-19T12:34:00.000-07:00

Finamrus com 19.10.2007 14:47
http://www.finamrus.com/newtopics/news03B84/default.asp

Russia's international reserves hit record heights, Russian President Vladimir Putin announced. "The country's international currency reserves grew to $434 bln, the highest figure on record in Russian history, both for the Soviet Union and Tsarist Russia, while the government's stabilization fund reached Rub 3.5 tln" – he noted.

Oct 15. Novatek reported a 2.8% y-o-y drop in total natural gas output to 20.91 bcm in 9M07

2007-10-15T11:33:00.000-07:00

Finamrus com 15.10.2007 13:05
http://www.finamrus.com/newtopics/news03B46/default.asp

Novatek reported a 2.8% y-o-y drop in total natural gas output to 20.91 bcm in 9M07, the independent gas producer said in a statement. Production of liquid hydrocarbons (gas condensate and oil) fell 3% to 1.84 mln tons. In Q307, gas production also sank 16.3% to 6.01 bcm, while the extraction of liquid hydrocarbons remained virtually flat y-o-y at 631,000 tons. Unstable gas condensate throughput volumes at Purovsky Gas Processing Plant amounted to 1,559,000 tons in January-September and 543,000 tons in Q307.

Oct 12. Gazprom's executive board has taken under advisement drafts of its investment program,

2007-10-12T11:37:00.000-07:00

Finamrus com 12.10.2007 12:44
http://www.finamrus.com/newtopics/news03B35/default.asp

Gazprom's executive board has taken under advisement drafts of its investment program, budget (financial program) and cost containment (reduction) programs for 2008-2010, the gas concern said in a press release. In addition, after a dicussion the executive board ordered to rework the blueprints of the investment program and the budget (financial program) for 2008 and submit these documents to the gas holding's BoD for approval. Gazprom's draft investment program for 2008 involves top priority investment projects, the press release pointed out.

Oct 11. AvtoVAZ cut sales of Lada autos 1.8% y-o-y to 472,000 in 9M07

2007-10-11T11:07:00.000-07:00

Finamrus com 11.10.2007 15:11
http://www.finamrus.com/newtopics/news03B26/default.asp

AvtoVAZ cut sales of Lada autos 1.8% y-o-y to 472,000 in 9M07, the auto producer's press service reported. "However, based on the forecasts by the automotive giant's marketing unit, 10M07 sales exceeded the volume recorded in the year-earlier period" – the press release said.

Oct 9. Sberbank's new CEO could start to work by late November,

2007-10-09T09:52:00.000-07:00

Finamrus com 09.10.2007 12:20
http://www.finamrus.com/newtopics/news03B00/default.asp

Sberbank's new CEO could start to work by late November, the bank's chief executive and board chairman Andrey Kazmin said Monday in an interview with Vesti 24 television channel. "This procedure (for electing and approving the nominee to the CEO position – Interfax-AFI) takes 45-50 days. We should notify our shareholders of the EGM at least 30 days before the meeting" – he said. At the same time, he noted that a decision should be made to call a meeting of the bank's supervisory council. In turn, the council should endorse the appointee nominated to the position of the bank's general director. Later his/her surname should be placed on special ballot sheets which will be sent out to Sberbank's shareholders.

Oct 5. Russia's balance of payment recorded a surplus estimated at $57.1 bln in 9M07

2007-10-05T09:16:00.000-07:00

Finamrus com 05.10.2007 13:07
http://www.finamrus.com/newtopics/news03ADD/default.asp

Russia's balance of payment recorded a surplus estimated at $57.1 bln in 9M07 or 28.4% less than in the same period a year ago ($79.7 bln), the Central Bank of Russia said in a press release. Meanwhile, in the January-September period of 2007 trade surplus equaled $94.1 bln, representing a 15.4% drop on the year-earlier period ($111.2 bln). Trade surplus slid following faster growth in imports, up 37.3% to $154.6 bln from $112.6 bln in 9M06, while exports rose 11.1% to $248.8 bln from $223.8 bln.

Oct 4. WGC-2 gets GDR listing on LSE.

2007-10-04T09:33:00.000-07:00

Finamrus com 04.10.2007 14:15
http://www.finamrus.com/newtopics/news03AD0/default.asp

Global Depositary Receipts (GDRs) issued by WGC-2 were listed for trading in the main section of the London Stock Exchange. The utility concern's GDR equals 100 common shares. For the record, WGC-2 is a generating company established on the basis of thermal power plants. At present, the company consists of five large power plants (Pskov GRES, Serov GRES, Stavropol GRES, Troitsk GRES and Surgut GRES-1) which are located in various regions of Russia. The company employs over 4,500 staff. WGC-2's commons are on the quotation lists of Russian exchanges (RTS and MICEX in Moscow).

Sept 28. Shareholders of Novorossiysk Sea Commercial Port (NSCP) gave the green light at Monday's EGM held in absentia

2007-09-28T09:47:00.000-07:00

Finamrus com 28.09.2007 14:38
http://www.finamrus.com/newtopics/news03A80/default.asp

Shareholders of Novorossiysk Sea Commercial Port (NSCP) gave the green light at Monday's EGM held in absentia to the initial public offering (IPO), the company's materials said. According to the document, investment banks Morgan Stanley and TD Investments Limited will act as IPO underwriters. The company has not disclosed the IPO amount. As Interfax sources close to the company said, NSCP mulls placing 10% to 20% of its common shares that will be sold to its major shareholders. The agenda of the September 24 EGM included the issue of a major deal provided for by the underwriting agreement as part of the public placement by the company's domestic and foreign shareholders of commons and GDRs.

Sept 27. UBS upgrades WGC-6 and Omsk Generating Company stocks to Buy, reducing WGC-3 target price 19%.

2007-09-27T11:08:00.000-07:00

Finamrus com 27.09.2007 17:01
http://www.finamrus.com/newtopics/news03A76/default.asp

Investment bank UBS has lowered its target price for WGC-3 from $0.16 to $0.13 per share as the period elapsed when Norilsk Nickel could buy out these shares from minority shareholders, UBS analysts Igor Goncharov and Olga Doronina said in a note. The Sell recommendation on the stock was left unchanged. In addition, the note said that WGC-6 and Omsk Generating Company (Omsk GC) saw their Sell and Hold recommendations lifted to Buy. Target prices for these securities which were calculated by UBS analysts were left intact, at $0.13 per share of WGC-6 and $190 per stock of Omsk GC.

Sept 26. S&P upgrades Novatek's rating to BB from BB-, positive outlook.

2007-09-26T11:21:00.000-07:00

Finamrus com 26.09.2007 15:58
http://www.finamrus.com/newtopics/news03A65/default.asp

International rating agency Standard & Poor's has raised Novatek's long-term corporate credit rating from BB- to BB. As the rating agency said in a press release, the rating carries a positive outlook. "The upgrade reflects the company's strong financial showings (net debt is absent and profits are high), and a gradual improvement in fundamentals of the Russian gas industry" - S&P credit analyst Elena Anankina pointed out. Major constraints for the company's rating, as the agency's experts think, are risks attached to the Russian gas sector, including extremely low gas prices on the domestic market and the operating dependence on gas transportation via the pipeline system operated by state-controlled Gazprom.

Sept 25. Cumulative foreign capital in the Russian economy equaled $178.5 bln in 7M07

2007-09-25T11:57:00.001-07:00

Finamrus com 25.09.2007 14:09
http://www.finamrus.com/newtopics/news03A4D/default.asp

Cumulative foreign capital in the Russian economy equaled $178.5 bln in 7M07 or 40% higher than in the year-earlier period, acting vice PM Alexander Zhukov said at a plenary meeting during the 6th International Investment Forum in Sochi.

Sept 21. UBS cuts VTB GDR target price 17%, leaving Hold recommendation unchanged.

2007-09-22T06:30:00.000-07:00

Finamrus com 21.09.2007 17:02
http://www.finamrus.com/newtopics/news03A29/default.asp

Investment bank UBS has cut its target price for Global Depositary Receipts (GDRs) issued by VTB from $12 to $10 per receipt, the investment bank said in a note. The Hold recommendation on the lender's GDRs was left intact.

Sept 20. Lukoil CEO Vagit Alekperov and his family have acquired 287,120 shares of the oil company for a total of Rub 551.4 mln

2007-09-20T12:16:00.000-07:00

Finamrus com 20.09.2007 13:04
http://www.finamrus.com/newtopics/news03A0E/default.asp

Lukoil CEO Vagit Alekperov and his family have acquired 287,120 shares of the oil company for a total of Rub 551.4 mln, Lukoil said in an official statement. By doing so, the oil major's chief executive increased his interest by 0.028%, snapping up 238,120 shares for Rub 457.7 mln. Meanwhile, his spouse Larisa Alekperova bought 27,000 shares for Rub 51.7 mln and Yusuf Alekperov, his son, purchased 22,000 stocks for Rub 42.1 mln.

Sept 18. German concern E.ON has snapped up a state-owned stake in WGC-4, offering Rub 3.3503 per share,

2007-09-18T09:08:00.000-07:00

Finamrus com 18.09.2007 15:05
http://www.finamrus.com/newtopics/news039F2/default.asp

German concern E.ON has snapped up a state-owned stake in WGC-4, offering Rub 3.3503 per share, while Russian Energy Projects, a company representing the interests of Gazprom, acquired TGC-1's shares, offering Rub 0.035 apiece, spokesmen of the gencos said. Installed capacity of WGC-4 was estimated at $753 per kW and TGC-1 at $646 per kW. "Given the company's net debt, TGC-1 was valued at $710 per kW" – TGC-1's board chairman Alexander Chikunov told the media Saturday.

Sept 14. Gazprom board chairman Alexey Miller and Kogas CEO Lee Su Ho discussed during a working meeting Thursday in Moscow

2007-09-15T01:58:00.000-07:00

Finamrus com 14.09.2007 14:01
http://www.finamrus.com/newtopics/news039D5/default.asp

Gazprom board chairman Alexey Miller and Kogas CEO Lee Su Ho discussed during a working meeting Thursday in Moscow prospects of teaming up in gas exploration, production and marketing activities in third countries. As the Russian gas monopoly said in a press release, the parties also reviewed the option of rolling out long-term cooperation ties when executing the inter-governmental gas agreement. Specifically, the executives discussed issues related to further cooperation in the area of LNG supplies and Russian pipeline gas exports to South Korea. Moreover, a decision was adopted at the meeting to perform a presentation of the Eastern Gas Program for Kogas.

Sept 13. Russia's macroeconomic policy will remain intact after the new Cabinet is appointed,

2007-09-13T11:17:00.000-07:00

Finamrus com 13.09.2007 12:34
http://www.finamrus.com/newtopics/news039C7/default.asp

Russia's macroeconomic policy will remain intact after the new Cabinet is appointed, acting finance minister Alexey Kudrin believes. "The country's macroeconomic policy will remain intact, as it has proven its efficiency" – he told reporters Wednesday. "I am absolutely confident that following parliamentary and presidential elections the newly formed Cabinet will pursue a policy aimed at stabilizing the national economy" – Kudrin said. "I am 100% certain that further efforts will be taken to liberalize the economy and even more active measures will be taken to pursue institutional and structural reforms" – he emphasized.

Sept 12. Russian companies are to increment their O&G reserves by 80 mln tons of crude oil and 426 bcm of gas in 2007,

2007-09-12T12:26:00.001-07:00

Finamrus com 12.09.2007 14:31
http://www.finamrus.com/newtopics/news039B8/default.asp

Russian companies are to increment their O&G reserves by 80 mln tons of crude oil and 426 bcm of gas in 2007, Deputy Natural Resources Minister Alexey Varlamov said at the 7th International Conference for the development of O&G reserves in the Arctic Ocean and CIS continental offshore areas in Saint Petersburg Tuesday. He went on to say that until 2020 Russian businesses will increase their oil and gas reserves by 9 bln tons and 16.5 tcm, respectively.

Sept 11. Russian and UAE governments signed an agreement Monday

2007-09-11T11:16:00.000-07:00

Finamrus com 11.09.2007 14:06
http://www.finamrus.com/newtopics/news039A8/default.asp

Russian and UAE governments signed an agreement Monday on the settlement of the former USSR's debt whereby Russia is to pay more than $457.98 mln, Deputy Finance Minister Sergey Storchak said. "Due to the improvements in Russia's financial standing, the repayment of the debt to the Paris Club of Creditors, the creditor (UAE) advised Russia to solve this issue by repaying the debt with goods and settle up the debt issue by paying a lump sum payment" – Storchak told the media in Abu Dhabi Monday.

Sept 7. Sberbank of Russia has not given up plans to get listed on LSE despite deteriorating conditions on the global financial market,

2007-09-08T08:25:00.000-07:00

Finamrus com 07.09.2007 14:13
http://www.finamrus.com/newtopics/news03980/default.asp

Sberbank of Russia has not given up plans to get listed on LSE despite deteriorating conditions on the global financial market, the lender's CEO and board chairman Andrey Kazmin told the media after an agreement was signed between Sberbank and the Central Elections Commission Thursday. "We are currently analyzing the situation and I would refrain from naming any timeframe (for Sberbank's LSE listing – Interfax-AFI), although this does not imply the rejection of LSE listing plans.

Sept 6. WGC-2 to launch road show in run-up to IPO on September 14,

2007-09-06T10:28:00.000-07:00

Finamrus com 06.09.2007 14:05
http://www.finamrus.com/newtopics/news03973/default.asp

WGC-2 to launch road show in run-up to IPO on September 14, a source in the financial circles told Interfax. The company’s fair market value, as estimated by investment company Troika Dialog (one of WGC-2’s SPO arrangers) is $5.3-5.9 bln, the same source said. According to earlier news wires, Deutsche Bank valued the utility concern at $4.9-6.2 bln. The road show will be conducted on LSE, RTS and MICEX. WGC-2 is going to place up to 70% of its additional shares abroad. Apart from GDRs issued on WGC-2 securities, investors will also be offered to buy bonds convertible into GDRs.

Sept 4. TGC-4 shareholders decided at an EGM held in absentia to endorse

2007-09-04T09:07:00.000-07:00

Finamrus com 04.09.2007 12:09
http://www.finamrus.com/newtopics/news0394E/default.asp

TGC-4 shareholders decided at an EGM held in absentia to endorse the company's additional share issue aimed at drawing investments. As the utility concern said in a press release, the SPO issue was approved by 99.6% of the shareholders who attended the EGM. TGC-4 will issue 586 bln common shares with Rub 0.01 par value each, constituting 42% of the company's charter capital before placement and 29.6% after stock flotation. TGC-4 intends to raise Rub 18 bln by placing additional shares.

Sept 3. International rating agency Standard & Poor's has confirmed MMK's long-term credit rating at BB

2007-09-03T10:00:00.000-07:00

Finamrus com 03.09.2007 14:05
http://www.finamrus.com/newtopics/news0393D/default.asp

International rating agency Standard & Poor's has confirmed MMK's long-term credit rating at BB and the national scale rating of ruAA, the agency said in a press release. The ratings carry a positive outlook. "MMK is far away from sea ports, with production facilities based within a single production site, it has no vertical integration when it comes to raw material output and it depends on fluctuations in prices that are common for commodities markets. These are the main drawbacks exerting an adverse impact on the company's business profile and its current rating" – S&P credit analyst Andrey Nikolaev announced. When making ratings the agency also took into consideration the fact that MMK plans to make large-scale investments in upgrading its production base. MMK's ratings are positively influenced by low costs, which translates into strong margins and cash flow figures, the favorable environment on the global steel market, and also its improving financial performance and corporate governance standards.

Aug 31. Polyus Gold, Russia's #1 gold producer, has paid out the first dividends in its history,

2007-09-01T01:08:00.000-07:00

Finamrus com 31.08.2007 14:02
http://www.finamrus.com/newtopics/news0392B/default.asp

Polyus Gold, Russia's #1 gold producer, has paid out the first dividends in its history, the company said in a statement. Polyus Gold that was incorporated last spring paid Rub 613.6 mln (Rub 3.23 per share) to its shareholders or 99.65% of the total sum allocated to dividend payouts. Polyus Gold remains under the obligation to pay the remaining 0.35% of dividend payouts in full. The ex-dividend date was May 11, 2007.

Aug 29. Investment fund Templeton has become a minority shareholder of VTB.

2007-08-29T10:17:00.000-07:00

Finamrus com 29.08.2007 14:09
http://www.finamrus.com/newtopics/news03910/default.asp
Investment fund Templeton Russia and East European Fund, which specializes in investments in Russian and East European companies bought a small equity stake in VTB in Q207. As of June 30, 2007 Templeton owned 335,500 GDRs on VTB shares with an aggregate market value of $3.7 mln, Templeton said in a statement... More>

Aug 27. Svyazinvest shareholders will be able to give their stamp of approval to the holding's new charter at an EGM

2007-08-27T09:08:00.000-07:00

Finamrus com 27.08.2007 13:04
http://www.finamrus.com/newtopics/news038E0/default.asp

Svyazinvest shareholders will be able to give their stamp of approval to the holding's new charter at an EGM which is scheduled for the second half of October, a source close to the holding's BoD told Interfax. As the same source added, at an August 28 AGM the holding's shareholders will elect a new BoD. At a next meeting the BoD will set the date for an EGM to approve the new edition of the charter that was coordinated among all interested ministries and agencies. As wired earlier, relevant ministries and agencies decided at a conciliatory meeting Friday to compile a negative directive for the approval of the new edition of Svyazinvest's charter.

Aug 24. So far, VTB has no plans to buy back its stocks to regulate their market value

2007-08-25T23:09:00.000-07:00

Finamrus com 24.08.2007 13:09
http://www.finamrus.com/newtopics/news038D6/default.asp

Aug 24. So far, VTB has no plans to buy back its stocks to regulate their market value, the bank said in a press release. "At present, VTB has no plans to buy back its securities in order to regulate their market value" – the lender's press release said. Reports published by news agencies that VTB could start buying back its equities are at odds with the real state of affairs, the lending institution emphasized.

Aug 22. In petroleum market news, energy prices fell sharply on Tuesday as Hurricane Dean's winds diminished with little lasting impact on oil and gas

2007-08-22T11:42:00.000-07:00

Finamrus com 22.08.2007 13:59
http://www.finamrus.com/newtopics/news038AD/default.asp
Light, sweet crude for September delivery shed $1.72 to $69.40 a barrel on NYMEX. Crude oil prices dropped below $70 a barrel Tuesday, and gasoline and natural gas prices also extended their sharp losses, with traders betting that demand is falling and supplies are safe. There are two more months of hurricane season left to go, though. For now, energy prices are on the decline, but if a storm comes along that disrupts the oil or natural gas production along the Gulf Coast, we could still see a rebound from the current 2-month lows. Furthermore, crude and gasoline traders are keeping an eye out for OPEC's next move... more>

Aug 20. Russian companies that mull going public this autumn will be unable to sell their stocks at the prices that their peers managed to enjoy this

2007-08-20T09:03:00.000-07:00

Finamrus com 20.08.2007 13:09
http://www.finamrus.com/newtopics/news03891/default.asp

Russian companies that mull going public this autumn will be unable to sell their stocks at the prices that their peers managed to enjoy this spring, and IPO contenders will have to temper their appetite in the foreseeable future, investment bankers polled by Interfax-AFI believe. At the same time this does not mean that the string of IPOs slated for this autumn will not get off the ground, investment bankers noted.

Aug 17. Morgan Stanley upgrades Russian stocks to Outperform.

2007-08-18T05:22:00.000-07:00

Finamrus com 17.08.2007 14:00
http://www.finamrus.com/newtopics/news03883/default.asp
Investors need to pick up Russian stocks, such as Mobile TeleSystems and Norilsk Nickel, as they have become cheaper compared to their EM peers, Morgan Stanley analysts believe, Bloomberg news agency reported... more...

Aug 10. VTB North West shares will be converted into VTB stocks at a 1:361 ratio.

2007-08-12T06:35:00.000-07:00

Finamrus com 10.08.2007 18:41
http://www.finamrus.com/newtopics/news03833/default.asp

SIBUR Holding upped its interest in Krasnoyarsk Neoprene Plant

2007-07-21T11:57:00.000-07:00

AK&M News 20/07/200719:54
http://www.akm.ru/eng/news/2007/july/20/ns2027653.htm

July 19. Uralkaly plans to float 10% of its shares in an IPO

2007-07-19T12:12:00.000-07:00

Finamrus 19.07.2007 13:36
http://www.finamrus.com/newtopics/news0371F/default.asp
July 19. Uralkaly plans to float 10% of its shares in an IPO, a source in the banking sector told Interfax. According to the source, three banks, including UBS and Renaissance Capital were granted mandates to launch an IPO...More>

Finamrus 18.07.2007 13:23

2007-07-18T11:33:00.000-07:00

http://www.finamrus.com/newtopics/news03712/default.asp
Jul 18. Gazprom and Russian Federal Property Management Agency (Rosimushchestvo) will complete the transaction for the RF government to consolidate a controlling interest in the gas giant by year-end 2007... more

Jul 6. June inflation ran at 1% in Russia

2007-07-08T03:25:00.001-07:00

Finamrus 06.07.2007 12:21
http://www.finamrus.com/newtopics/news03693/default.asp

Jul 3. Vagit Alekperov buys Lukoil shares for $1.4 bln and Nikolay Tsvetkov sells stocks for $1.2 bln.

2007-07-03T11:09:00.000-07:00

Finam 03.07.2007 18:12
http://www.fin-rus.com/newtopics/news03668/default.asp

Kamaz

2007-06-26T12:51:00.000-07:00

The Kamaz (RTS: KMAZ) company’s general director , Mr. Kogogin, made a statement at today’s press conference. According to it, the KAMAZ is going to raise at least $300 million through an IPO which is thought to be held by the company in the second half of the year 2008.

Most stocks flat on Monday; Sberbank, Transneft post gains

2007-06-25T10:41:00.000-07:00

Interfax Jun 25 2007 7:41PM
http://www.interfax.ru/e/B/finances/26.html?id_issue=11775881

2007-06-22T12:26:00.001-07:00

Gazprom Neft to pay shareholders 8,0822 rubles per common share (61% of net profit for 2006).
Hydro OGK: the dividend payout for 1Q07 will amount to 0,00793872 rubles per common share

2007-06-21T12:43:00.001-07:00

VSMPO-Avisma planning an IPO at the end of 2008 or in 2009

2007-06-20T11:03:00.001-07:00

Net profit of Sberbank (Russian accounting standards) is 44,4 bln rubles in 5 months 2007.

Official

2007-06-18T12:29:00.001-07:00

Deputy Prime Minister Sergei Naryshkin: inflation in Russia this year will not exceed 8%. Russia’s gold and forex reserves amounted to $403 bln on June 1, and the Stabilization Fund is $120 bln, he said.
Deputy Prime Minister Alexander Zhukov: Russian industrial output grew 7,4% in January-May 2007.
Rosstat: russian oil output grew 3,2% in January-May 2007

Russian Stocks on Saturday 06/09/07.

2007-06-10T12:07:00.000-07:00

The RTS index grew 0.47% to 1798.49 ($33.868 million on the classic market) and the MICEX rose 0.41% to 1594.1. (24.956 billion rubles on the stock section).
Gazprom (RTS: GAZP) grew 0.7%,
Lukoil (RTS: LKOH) shed 0.1%,
Rosneft (RTS: ROSN) was up 0.1%,
Surgutneftegas (RTS: SNGS) fell 0.6%,
Tatneft (RTS: TATN) climbed 1%,
Gazprom Neft gained 0.3%,
Sberbank (RTS: SBER) was up 0.7%,
VTB dropped 0.2%,
UES (RTS: EESR) grew 1.2%,
Norilsk Nickel (RTS: GMKN) grew 0.8%,
Polyus Gold (RTS: PLZL) was down 0.2%,
Rostelecom (RTS: RTKM) gained 0.2%.
My RTS target is 1895 points in one – two weeks.

Stocks drop to 1790 mark on RTS Index

2007-06-08T12:28:00.000-07:00

Jun 8 2007 7:52PM
MOSCOW. June 8 (Interfax)
http://www.interfax.ru/e/B/finances/26.html?id_issue=11765515

Russian economic growth rates in 2007 won't be lower than in 2006

2007-06-08T12:27:00.000-07:00

Jun 8 2007 12:40PM
MOSCOW. June 8 (Interfax)
http://www.interfax.ru/e/B/finances/26.html?id_issue=11764820

Norilsk Nickel exceeds expectations, boosts FY 2006 IFRS net 150%

2007-06-08T12:26:00.000-07:00

Jun 8 2007 11:54AM
MOSCOW. June 8 (Interfax)
http://www.interfax.ru/e/B/finances/26.html?id_issue=11764723

Russia ups oil production 3.2%, gas 0.3% in 5 mths

2007-06-04T15:08:00.000-07:00

Interfax Jun 4 2007 10:54AM
MOSCOW. June 4 (Interfax)
http://www.interfax.ru/e/B/finances/26.html?id_issue=11760755

Capitalization of Russian stock market increases 2.02% on Friday

2007-06-04T15:04:00.000-07:00

Interfax Jun 4 2007 9:02AM
MOSCOW. June 4 (Interfax)
http://www.interfax.ru/e/B/finances/26.html?id_issue=11760615