Posts Tagged ‘Russia’

Russia gives BP hope

ROSNEFT yesterday left the door open to further talks with BP over possible tie-ups in the Arctic even though the deadline on a £10billion tie-up has passed. View full post on Business Stories

HSBC suspends retail banking in Russia

Hong Kong and Shanghai Banking Corporation pulled out of retail banking on Monday from Russia. Instead of engaging in retail banking, HSBC said it will focus on making available global lending services to industrial and corporation clients. View full post on Banking Stories

BP battles to scrap ban on Rosneft deal

A TRIBUNAL was last night studying evidence from BP in its attempt to lift part of the injunction blocking its controversial tie-up with Russia’s Rosneft. View full post on Business Stories

Brown-Forman Beats Profit Estimates In Q2, Raises Forecast

Kris Alingod – AHN News Contributor Louiseville, KY, United States (AHN) – Brown-Forman posted second quarter earnings on Thursday, beating profit estimates but falling short of expected revenue. The liquor maker raised its outlook for the full fiscal year. Net income for the period ended Oct. 31 rose 5 percent to $154 million, or $1.05 […]

Serbia Backs China’s Decision To Boycott Nobel Ceremony

AHN News Staff Belgrade, Serbia (AHN) – Serbia has supported Chinese decision to boycott Friday’s Nobel Peace Prize ceremony for dissident Liu Xiaobo, who has been in jail since the award has been announced. Speaking at Serbian B92 television, Serbian Foreign Minister Vuk Jeremic said that the decision was “not easy at all, and far […]

Russia, Ukraine Sign Accord On Military Fleet

AHN News Staff Kiev, Ukraine (AHN) – Just months after the ex-Soviet nations agreed to extend Russia’s Black Sea Fleet’s lease in Sevastopol for another 25 years once the current one expires in 2017, defense ministers of Russia and Ukraine signed another deal to regulate the fleet’s upcoming overhaul in Crimea on Wednesday. “Under the […]

Nestle Reports Strong Nine-Month Sales

Kris Alingod – AHN News Contributor Vevey, Switzerland (AHN) – Nestle reported better-than-expected sales in the first nine months of the year on Friday and maintained its forecast for the full year. Sales from January through September grew to 82.8 billion Swiss francs ($85.2 billion), up 4.1 percent from 79.5 billion Swiss francs ($81.8 billion) […]

Ukraine Offers To Develop Venezuela’s Oil, Gas Fields

AHN News Staff Kiev, Ukraine (AHN) – Ukraine has offered to help develop energy-rich Venezuela’s oil and gas fields. Ukrainian President Viktor Yanukovych made the offer on Monday during a meeting with visiting Venezuelan President Hugo Chavez in Kiev. Talking to reporters after their meeting, Yanukovych, without elaborating, said that the development program would remain […]

Turkey Looks East To Boost Economy

The Media Line Staff Ankara, Turkey Michael Grubb – Turkey expects 6.8 percent growth in 2010, according to a new report released by the Turkish cabinet. Entitled the Medium-Term Program (OVP), the report details the development of Turkey’s economy for the next three years. It was seen as an attempt to instill confidence among foreign […]

Global food risk from China-Russia pincer

China becomes a net importer of corn for the first time in modern history and Russia’s drought inflicts more damage than expected. View full post on UK Business Stories