Alexander Branis, director at Prosperity Capital Management, discusses the Russia central bank cutting rates and how this might help the economy.» Read More
Oct 09- Fitch Ratings has affirmed Ventrelt Holdings Ltd's Long-term foreign currency Issuer Default Rating at' BB-' with Stable Outlook. Fitch has also affirmed the senior unsecured rating of RVK-Finance LLC's RUB3bn bonds at' BB-'.
BRUSSELS, Oct 9- Belgian chemicals group Solvay. will create a joint venture for oilfield process chemicals with Russian petrochemicals group SIBUR, the company said on Tuesday. The unit, which will be owned in equal parts by both companies, will produce surfactants which are used in home and personal care products as well as the oil and gas industries, Solvay said.
BELGRADE, Oct 9- Serbia's central bank increased its benchmark interest rate, already the highest in the region, by 25 basis points to 10.75 percent on Tuesday, reflecting concerns over rising inflation and debt.
MOSCOW, Oct 9- Russia's former finance minister Alexei Kudrin, who has a reputation among investors for fiscal prudence, denied a news agency report that he had been offered the post of head of a proposed financial super-regulator.
TBILISI, Oct 9- Power in Georgia has peacefully changed hands after a tense parliamentary election but as the next government takes shape under billionaire Bidzina Ivanishvili, the likely prime minister, businesspeople face political uncertainty. "All businessmen have mixed feelings," said Fadi Asli, head of the International Chamber of Commerce in Georgia.
LONDON, Oct 9- Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.
HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.
MOSCOW, Oct 9- The following are some of the leading stories in Russia's newspapers on Tuesday. -Chief of Russia's consumer safety watchdog Gennady Onishchenko demands that people living near Sheremetyevo airport in Moscow be removed from the area before the construction of a new landing strip begins, the paper writes.
MOSCOW-- Russia's second-largest mobile phone operator MegaFon says it will go public in London and Moscow in November. MegaFon, the last of Russia's big three mobile company to hold an IPO, said on Tuesday in a regulatory filing that it would sell an unspecified amount of stock at Moscow's MICEX and the London Stock Exchange by year-end.
MOSCOW, Oct 9- Russia's foreign trade surplus rose to $12.64 billion in August from $11.05 billion in July, the central bank said on Tuesday. It provided the following data:. RUSSIAN FOREIGN TRADE Aug' 12 July' 12 Aug' 11 Exports 42.054 40.645 44.541 Imports 29.414 29.594 30.172 Balance +12.640 +11.051 +14.369.
LONDON, Oct 9- BP's billionaire partners in TNK-BP, Russia's third-biggest oil producer, have put their stake up for sale, starting a race with the British company to exit the venture and strengthening the hand of prospective state-controlled buyer Rosneft.
MOSCOW, Oct 9- Russian stocks were flat on Tuesday morning, hampered by a faltering rally in oil prices and telecoms stocks showing little reaction to a $2 billion IPO announcement by mobile operator Megafon.
Oct 09- Fitch Ratings has affirmed Russia- based diamond producer OJSC ALROSA's Long-term Issuer Default Rating and senior unsecured rating at' BB-' and Short-term IDR at' B'. Fitch assesses Alrosa's link with its controlling shareholder, the Russian Federation, as medium, which provides a one-notch uplift to the company's standalone ratings.
MOSCOW-- BP's billionaire Russian partners in TNK-BP indicated on Tuesday that they are considering selling their stake in the oil joint venture or disposing of it through an IPO. Moscow- based TNK-BP is jointly owned by BP and AAR, a group of Russian billionaire shareholders.
Oct 09- Fitch Ratings has assigned Russia- based OAO Novatek's series 2, 3 and 4 domestic stock exchange bonds an expected local currency senior unsecured rating of' BBB-' and an expected National senior unsecured rating of' AA+'.
KIEV, Oct 9- For Natalia Sokolenko, an award-winning Ukrainian TV reporter, the last straw was when she was taken off covering the national political scene and demoted to reporting road accidents for the commercial news station where she had worked for 10 years.
MOSCOW, Oct 9- Russian real estate developer Etalon Group said on Tuesday that its first half profit was 2.4 billion roubles, while earnings before interest, taxes, depreciation and amortisation were 3.2 billion roubles.
*Kazakhstan says trial of Vladimir Kozlov fair and open By Robin Paxton. ALMATY, Oct 9- The United States on Tuesday accused Kazakhstan of using its justice system to "silence opposition voices" after a prominent critic of President Nursultan Nazarbayev was jailed for inciting violence.
*Flows drop to Germany, Belgium and Britain. Exports to Europe including Britain dropped by 8.7 million cubic metres to 271.3 mcm per day by 0600 GMT compared with the 280 mcm daily average on Monday. The 70 mcm capacity plant processes gas from the giant offshore Ormen Lange gas field before it is shipped to Britain and continental Europe.
COPENHAGEN, Oct 9- Carlsberg A/S:. major environmental projects in Russia. *To invest up to 1 billion rubles in environmental projects in Russia related to water, agriculture and climate change.