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Andrey Kostin, chairman and CEO at VTB Bank, talks about Qatar's $1 billion investment in VTB and why the Russian banking sector needs to source funds from around the world.
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This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.
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Russian President Vladimir Putin proposed to US President George W Bush setting up a joint missile radar base in Azerbaijan to overcome a crisis between the two countries.
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Mike Huckabee, former Arkansas governor and presidential candidate, told “Squawk Box” he’s “running the electric car of presidential campaigns.” Huckabee advocated change on several key fronts: taxation, health care and U.S. relations with Russia -- and used the NASCAR race as an analogy for his competitive edge.
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Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.
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Italy's Enel, which is poised to take over Spain's biggest utility, will expand its presence in Russia after it beat rivals to buy a one-quarter stake in the Russian wholesale generation company OAO OGK-5 for about $1.52 billion.
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President Vladimir Putin said Russia would go back to its Cold War stance of aiming its missiles at Europe if Washington went ahead with a plan to build a missile defence shield near Russia's borders.
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Regulators postponed a decision Friday on revoking the license of BP's Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon.
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The morning-after-the-night-before mood is haunting the European bourses from the open Wednesday. Investors could be forgiven for being nervous, the Chinese bourses sold off on news the government is tripling the tax charged on share transactions.
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Russian airline S7, formerly called Sibir, has signed a $2.4 billion contract for 15 Boeing 787 "Dreamliner" planes, Russia's Interfax news agency quoted a company statement as saying on Tuesday.
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Russian metals giant Norilsk Nickel has aised its offer for Canadian miner LionOre to C$27.50 ($25.30) a share, valuing the company at approximately C$6.8 billion ($6.26 billion), Norilsk said on Wednesday.
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Russia's Gazprom and Belarus have postponed a deal to allow Gazprom to buy 12.5% in the state gas pipeline operator of Belarus, Gazprom and an official in Minsk said on Friday.
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Russia's biggest oil producer OAO Rosneft said Tuesday that its net profits fell by 15% in 2006, due to one-time gains the year before and higher taxes.
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VTB, Russia's second-largest bank, raised $8 billion on Friday in the world's largest stock market float of 2007, and its shares rose by up to 11% in initial trading as investors piled into the stock.
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The best way to ride the rally? Play the global marketplace, said two portfolio managers on “Closing Bell.” Christopher Smart, director of international investments at Pioneer Investments, said emerging markets show strong demographic trends. He’s eyeing South Africa, for example. ... But Donald Coxe, a global portfolio strategist at BMO Financial Group, urges investors to exercise caution. He thinks Canadian and Australian markets are the wisest choices, especially in the mining sector: “You don’t have the kinds of risk you have in Russia.”
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U.S. crude oil futures fell on Monday, but only after bouncing off early lows on news of aGulf Coast refinery snag and upcoming work.
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Global emerging markets, or GEMS, entice would-be investors with the potential of big returns. The growth of these markets over the past few years has been impressive. In 2006 alone, the MSCI Emerging Markets index rose 29%, led by an extraordinary 53% gain in its four biggest countries — Brazil, Russia, India and China.
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Russia's Gazprom has shortlisted four firms for a project to build a liquefied natural gas plant on the Baltic Sea and will pick one or two equity partners in July, an executive said on Thursday.
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Overregulation is driving businesses out of the U.S. and into Europe, Asia and Bermuda, Hank Greenberg told CNBC’s Sue Herrera on “Power Lunch.”“It applies also to why IPOs are going to London or Hong Kong and why private equity is growing as rapidly as it is, because public companies are overregulated,” said the CEO of investment firm C.V. Starr and former chairman and CEO of American International Group. Federal and state lawmakers are partly to blame, he added.
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Belgian bank KBC Group said it has acquired 92.5% of Russian bank Absolut for 761 million euros ($1.03 billion), subject to regulatory approval by the Central Bank of Russia.
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The Gas Exporting Countries Forum -- which includes names like Iran and Venezuela -- meets in Qatar Monday to discuss the formation of an OPEC-like cartel. Would such a combination pose a clear and present danger to America's interests? Two energy analysts told "Morning Call" viewers not to worry. Not yet, anyway.