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  • MOSCOW, Aug 31- Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro will discuss "possible mutual steps" to stabilise global oil prices during a visit to China this week, a Kremlin aide said on Monday. Kremlin aide Yury Ushakov said the steps would be discussed as part of Moscow's cooperation with OPEC. The Wall Street Journal reported...

  • MOSCOW, Aug 31- Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro will discuss "possible mutual steps" to stabilise global oil prices during a visit to China this week, a Kremlin aide said on Monday.


  • NEW YORK, Aug 28- A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase& Co is in talks to resolve his criminal case, according to court papers filed Friday. Should a plea deal be reached, it could be a breakthrough for authorities investigating the hacking of...

  • MOSCOW, Aug 28- Russian President Vladimir Putin signed a decree on Friday that will likely place Moscow's second-largest airport, Sheremetyevo, under the control of his businessman friend Arkady Rotenberg, an industry source said. Sheremetyevo, home to Russia's flagship airline Aeroflot, has fallen behind privately owned Moscow rival Domodedovo in terms...

  • MOSCOW, Aug 28- Russian consumer electronics and white goods retailer M.video said its online sales surged in the past week as a renewed weakening in the rouble prompted some consumers to splash out on durable goods. The rouble fell sharply against the dollar on Aug. 24, approaching its 2015 low, as prices of oil, Russia's chief export, skidded.

  • *Bashneft, Gazprom Neft grow Q2 profits in rouble terms. *Lukoil's dollar profits down, will switch reporting to roubles. On Friday, Bashneft, a medium-sized Russian oil producer, posted a 13 percent increase in second quarter net profit to 17.9 billion roubles, following strong results by Gazprom Neft earlier this month.

  • MOSCOW— Ukraine asked Russia on Friday for lower gas prices for the winter and said Moscow should accept to write off a part of its loans to Kiev, as other international bondholders did this week. Gas disputes between Russia and Ukraine have led to cut-offs of supply in the past, and one standoff in 2009 caused serious disruptions in gas flowing from Russia via...

  • Ukraine jumps big hurdle in fight for its economy Thursday, 27 Aug 2015 | 11:49 AM ET
    People queue up for a tram in a shopping area in Donetsk, Ukraine.

    Ukraine reached a deal with creditors to restructure its debt—a key requirement for the country to continue getting support from the IMF.

  • Ukraine's bondholders jump at debt restructuring deal Thursday, 27 Aug 2015 | 10:53 AM ET

    LONDON, Aug 27- Ukraine's bondholders expressed relief on Thursday after the conflict-hit country offered them more generous terms than expected in their long-running debt restructuring talks. Though they will take a 20 percent cut to the headline value of their bonds and uncertainty remains around Russia, the pain was offset by a relatively short 4- year...

  • *Ukraine off the hook on debt repayments for four years. KIEV, Aug 27- Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists. The agreement, which includes a write-down of 20...

  • TABLE-Energy cooperation between Russia and China Thursday, 27 Aug 2015 | 6:20 AM ET

    MOSCOW, Aug 27- Following is a table of Russo-Chinese joint energy projects with investments seen at around $113 billion:. Eastern Siberia framework agreement estimated price of $1.2- $1.4 to buy 10 pct stake billion Rosneft Taas Yuriakh oil project In 2013, CNPC signed BP holds 20 pct,. be valued at up to $1.9 bln.

  • Kremlin pivot to China slowed as projects delayed Thursday, 27 Aug 2015 | 6:20 AM ET

    *China watching Russian economy, currency crisis. MOSCOW, Aug 27- A growing economic crisis in Russia and a growth slowdown in China that has rattled world markets mean about $113 billion worth of joint projects ranging from gas pipelines to power grids have been stalled or delayed. With a major crackdown on corruption also in progress in China, and Russia hit by...

  • Ukraine reaches debt relief deal with creditors Thursday, 27 Aug 2015 | 5:54 AM ET

    As part of the deal, investors who own Ukraine's bonds will write off 20 percent of their holdings, shrinking $19 billion in sovereign debt to $15.5 billion, Prime Minister Arseniy Yatsenyuk told the government. Ukraine will pay nothing on its bonds if its economy grows less than 3 percent annually. The IMF announced in February it would raise some $40 billion for...

  • How long can the Saudis hang on with cheap oil? Wednesday, 26 Aug 2015 | 1:52 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.

  • Stock market just called the Fed's bluff Wednesday, 26 Aug 2015 | 11:28 AM ET
    Federal Reserve Board Chair Janet Yellen

    Look for the Fed to back away from rate hikes in the next few weeks, says Michael Pento.

  • Russia's Sberbank beats Q2 forecast on provisions Wednesday, 26 Aug 2015 | 7:00 AM ET
    A man walks past a branch of Sberbank Rossii on March 7, 2014 in Simferopol, Ukraine.

    Russia's top bank Sberbank made net profit of 54.6 billion roubles ($786 million) in the second quarter, better than analysts had forecast.

  • MOSCOW— The Russian Federal Space Agency says the next manned trip to the International Space Station will be extended from the usual six hours to two days. The roll-out of a new Soyuz rocket in March 2013 allowed Russia to cut travel time to the orbiting lab from two days travel in cramped quarters to just six hours. The next manned mission to the ISS is due to blast...

  • Russian banks: An unresolved business? Wednesday, 26 Aug 2015 | 4:30 AM ET
    Russian banks: An unresolved business?

    Chris Weafer, founding partner at Macro-Advisory, says Russian banks are assessing risk on exposure by using a more "favorable" exchange rate – from pre-oil declines - than the current rate.

  • What does the future hold for Russia? Wednesday, 26 Aug 2015 | 1:45 AM ET
    What does the future hold for Russia?

    Jesse Sherman, portfolio manager at RenAsset Management, talks about the fundamentals of Russia's economy and emerging markets.