Pabst Brewing Co. sold to a Russian beverage firm after a century and a half of American ownership.» Read More
WASHINGTON, Sept 19- Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations. Washington extended sanctions on Russia last week over its aggression in Ukraine.
WASHINGTON, Sept 19- Oil major Exxon Mobil said on Friday the U.S. Treasury Department had granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic that has been targeted by U.S. sanctions. Washington intensified sanctions on Russia last week over its intervention in Ukraine.
WASHINGTON, Sept 19- U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic that has been targeted by U.S. sanctions. Washington intensified sanctions on Russia last week to punish Moscow for its intervention in Ukraine.
WASHINGTON, Sept 19- U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.
Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.
MOSCOW, Sep 19- Russian shares got a short-lived boost on Friday afternoon after a well-known tycoon was freed from house arrest, but the market optimism faded, leaving indexes well into the red. But he will have to stay in Russia to face money laundering charges.
Russia's Investigative Committee said Friday that the 65- year old Yevtushenkov has remained under house arrest, dismissing the claim of his release issued by his Sistema holding company.
MOSCOW, Sept 19- ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration slapped sanctions on Moscow to suspend such operations by Western oil majors.
SOCHI, Russia, Sept 19- The head of Shell Russia said on Friday that the company's strategy in Russia remained unchanged, although the firm is evaluating the implications of sanctions imposed by the West on Moscow over its involvement in Ukraine.
SOCHI, Russia, Sept 19- Prime Minister Dmitry Medvedev said on Friday that Russia would not isolate its sanctions-hit economy from the West but said improving relations with Asian countries has become a key strategy.
MOSCOW, Sept 19- Russia may prop up energy companies Rosneft and Novatek with up to $3.9 billion each from its National Wealth Fund, a reserve of oil proceeds set up to buoy the country's pension system. Russia's government has promised to support those companies which, under EU and U.S. sanctions over Ukraine, are unable to access Western markets.
MOSCOW— Prime Minister Dmitry Medvedev says Russia is ready to cooperate with the West despite efforts to isolate Moscow with economic sanctions. The United States and the European Union last week imposed a new round of sanctions against Russia for its support for pro-Russian separatists fighting government troops in eastern Ukraine.
SOCHI, Russia, Sept 19- The chief executive of Russia's top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France's Total.
Jim Yong Kim, President of the World Bank, says the organization has a good relationship with Ukraine and Russia but the G20 meeting needs to help "turn down the heat" in the crisis.
The Yamal plan, a $27 billion investment to tap vast natural gas reserves in northwest Siberia, aims to double Russia's stake in the fast-growing market for liquefied natural gas. Russia has said it will make sure Yamal has the resources it needs to keep building.
OTTAWA/ LONDON, Sept 18- Canada, one of the harshest critics of Russia's involvement in Ukraine, this week quietly cancelled sanctions against Expobank and RosEnergoBank, two small Russian banks on which it imposed the measures earlier this year.
WASHINGTON, Sept 18- Ukrainian President Petro Poroshenko appealed for more U.S. assistance, including arms, in a warmly received appearance before the U.S. Congress on Thursday, but the latest offer of American help did not include the weaponry he is seeking.
The Export-Import Bank is a key lifeline for the embattled U.S. nuclear sector, a former trade official told CNBC.
MOSCOW, Sept 18- Hundreds of Russian volunteers are supporting separatists in eastern Ukraine, offering them vital experience in battle tactics and training to attack Ukrainian forces, a top rebel leader said. "the infantry, the motorized infantry division, airborne units and naval forces of Russia and the border guards.
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.