Charles Bobrinskoy, Ariel Investments vice chairman, says Russia is the big wild card when it comes to issues plaguing the market.» Read More
MOSCOW, Oct 4- Russian Standard Bank, a leader in Russian consumer lending, has placed subordinated bonds worth $350 million with a yield of 10.75 percent and a term of 5.5 years, a banking source told Reuters on Thursday. The deal was organised was Goldman Sachs, UBS and VTB Capital.
*Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.
MOSCOW, Oct 4- Here are events and news stories that could move Russian markets on Thursday. MOSCOW- "Russia Calling" investment conference held by VTB Capital. MOSCOW- Briefing by Alexey Simanovsky, First Deputy Chairman of the Central Bank of Russia.
MOSCOW, Oct 4- Evraz, Russia's largest steelmaker, agreed to increase its stake in the Russian coal miner Raspadskaya by half to 82 percent, the company said on Thursday.
LONDON, Oct 4- Russia's largest bank Sberbank. Barclays is coordinating Sberbank's three-year loan, which is the largest such deal in the central and eastern European pipeline, the bankers added. Bank of Tokyo-Mitsubishi UFJ, Barclays, Citi, HSBC, ING, JP Morgan, WestLB, Goldman Sachs, Bank of America Merrill Lynch and SMBC participated in the 2011 deal.
MOSCOW, Oct 4- Russian state-run diamond miner Alrosa aims to refinance between $1.3 billion and $1.4 billion of short-tern debt by the end of the year, company spokesman Andrey Polyakov said on Thursday after the company reported first-half results.
HONG KONG, Oct 4- Hong Kong shares were set to open slightly higher on Thursday with defensive sectors such as telecoms continuing to attract investor interest although gains are likely to be capped by weakness in oil producers after crude prices slumped overnight.
*Russia may be irritated with calls for new sanctions-envoys* Israel has threatened military action against Iran By Louis Charbonneau.
*Moscow lab complained some chips were faulty. Federal prosecutors in Brooklyn, New York unsealed an indictment charging 11 alleged participants in the network, as well as companies based in Houston, Texas, and Moscow, with illegally exporting high-tech components from the United States to Russian security agencies.
Oil firm Surgut was believed to have awarded its tender for three cargoes from the Baltic port of Primork to Shell, Repsol and Litasco with prices of the prompt cargo pegged at around dated Brent minus $1.7 per barrel. Later cargoes were believed to be sold at dated Brent minus $1.50, some 20 cents stronger than prices earlier this week.
The volatile Central Asian state has seen several attacks on the government since Kyrgyzstan's independence from the Soviet Union in 1991. The bloodiest protests, in March 2005 and April 2010, toppled two presidents, who then fled abroad.
The latest expansion in global output was heavily reliant on the United States, where economic activity rose at the fastest pace since March, JPMorgan said. Britain, Brazil, Russia and Ireland also saw output increase. The index combines survey data from countries including the United States, Japan, Germany, France, Britain, China and Russia.
MOSCOW, Oct 3- Promsvyazbank, one of Russia's largest privately owned lenders, revealed the details of its initial public offering both in Moscow and London in a deal seen as a test for equity raising by other domestic banks.
MOSCOW, Oct 3- Russia attracted relatively strong demand for its long-dated treasury bonds on Wednesday despite a weaker rouble, while the equity market extended losses on global economic woes, prior to a series of central bank meetings.
Following are details of the JPMorgan Global Purchasing All-Industry Output Index for September. GLOBAL SERVICES PMI PMI Jobs Orders Inp Prc Backlogs Aug 52.0 51.4 50.8 58.3 49.0 Sept 54.0 49.6 52.8 59.7 47.1 GLOBAL COMPOSITE PMI PMI Orders Jobs Inp Prc Aug 50.9 49.8 50.9 56.2 Sept 52.5 51.6 49.9 58.0.
MOSCOW, Oct 3- Russia's proposed increase in mineral extraction tax has deterred Germany's Wintershall from taking part in a gas field project in the country, according to an official of Russian gas producer Gazprom, quoted by Interfax news agency.
The Russian Central Bank was never going to have an easy time establishing credibility with financial markets, not after a bout of hyperinflation and a subsequent debt default in the late 1990s.
MOSCOW, Oct 3- A long-running campaign by Norwegian telecoms group Telenor for an increased stake in Russia's Vimpelcom won potentially important backing on Wednesday, as the Russian antitrust regulator said it was positive on a proposed deal.
MOSCOW, Oct 3- Russian precious metals miner Polymetal is likely to discuss in December whether to pay a special dividend, Chief Executive Vitaly Nesis said on Wednesday. The company, which joined London's FTSE 100 index last year, has a policy of paying a dividend of 20 percent of net earnings if the ratio for net debt to adjusted EBITDA is below 1.75.
There were twice as many restaurant openings than closings in New York over the past year and diners still eat out three times per week-- the same number as in each of the past three years, according to the survey of 44,306 people, which will be released on Wednesday.