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Tag: Russia

Lukoil Net Profit Down

John Rummo
Date: December 8, 2009 12:21 PM
Publisher: John Rummo
Source: The Wall Street Journal
Lukoil Net Profit Down

“Lukoil has released that its third quarter net profit fell 41% due to low oil prices and high transportation costs.”-WSJ

Net profit fell to $2.06 Billion, which was well below the Dow Jones Newswire poll of $2.27 billion.

Lukoil also announced that it would release a new 10-year strategy from Moscow later today

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Drawing the line with Tehran

John Rummo
Date: November 20, 2009 11:14 AM
Publisher: John Rummo
Drawing the line with Tehran
After weeks of averting the U.N.’s requests for Nuclear Power regulation, President Obama has decided that it is time to start outlining the possibilities of economic sanctions against Iran. Time is of the essence here as many officials are stating that the delay could be a cover for the concealment of nuclear weaponry development.
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9 Million Stolen By Russian Hackers

John Rummo
Date: November 11, 2009 11:58 AM
Publisher: John Rummo
9 Million Stolen By Russian Hackers
Eight Eastern European and Russian hackers have been indicted by the Justice Department in an alleged ATM sweep. One man, Sergei Tsurikovis is awaiting extradition from Estonia, while other members of the heist appear to be still at large.
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Emerging Markets Unite!

Ryan Whitten
Date: October 14, 2009 11:54 AM
Publisher: Ryan Whitten
Source: John Rummo
Emerging Markets Unite!
The emerging countries, China and Russia have signed multiple contracts during ground breaking negations. These economic contracts are valued at several billion dollars and are a positive move towards normalized political relations between these two economic powerhouses....
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Doors open in Russia for Big Oil

Ryan Whitten
Date: September 23, 2009 12:18 PM
Publisher: Ryan Whitten
Source: John Rummo
Tags: Russia
Doors open in Russia for Big Oil
For the first time ever, Vladamir Putin is opening the region of Yamal to Big Oil. Yamal is a peninsula located in the northern most region of the country. Russia has never before relinquished its protectionist stance on foreign investment in their oil reserves...
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Increase on Tire Duty = Longer Recession

Ryan Whitten
Date: September 12, 2009 9:12 AM
Publisher: Ryan Whitten
Increase on Tire Duty = Longer Recession
We’ve done it again, not only did we help to get the world into the Global Recession, but now we’re putting up blatant protectionism tactics and angering the world’s most populous nation, China. Just weeks before...
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Russia Should Devalue Currency by 30%

Jared Wallace
Date: July 28, 2009 12:11 PM
Publisher: Jared Wallace
Tags: Ruble, Russia
Russia should devalue the ruble by as much as 30 percent in a “one-time and rather sharp” move to free up funds needed for cheaper loans to industry, according to the Russian Association of Regional Banks...
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PepsiCo, Pepsi Bottling invest $1B more in Russia

Ryan Whitten
Date: July 16, 2009 11:24 AM
Publisher: Ryan Whitten
Source: Business Week
Tags: Russia
PepsiCo, Pepsi Bottling invest $1B more in Russia
Soft drink and snack maker PepsiCo Inc. said Monday it will team up with its largest bottler, Pepsi Bottling Group, to invest $1 billion in Russia over three years, giving more focus to emerging markets as domestic sales soften.

PepsiCo said the move, part of a long-term strategy to expand in emerging markets, brings the total investment by PepsiCo and Pepsi Bottling Group Inc. in Russia above $4 billion...
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Obama makes his first anti-Russian statements

Ronald Russo
Date: March 26, 2009 7:00 PM
Publisher: Ronald Russo
Obama makes his first anti-Russian statements
US President Barack Obama has publicly opposed Russia’s initiative for the first time during his presidency. Obama rejected Russia’s idea to replace the dollar with a new international currency, which immediately led to the growth of the US dollar on the international financial market.
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Investing in Russia: The case grows stronger

Ronald Russo
Date: March 16, 2009 7:18 AM
Publisher: Ronald Russo
Tags: Russia
Investing in Russia: The case grows stronger
Russia's stock market has been more war zone than safe haven this year, with practically every hard-won gain wiped out by a loss. Yet analysts maintain that the investment case for Russia is stronger than ever.
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