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. Last Updated: 07/27/2016

12/17/2008

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Oil Majors Brace for OPEC Deal

The country’s oil companies appear to have come to terms with the possibility of a government-mandated production cut if Russia agrees to help OPEC lower world supply at the cartel’s summit on Wednesday.

Corporate Gifts Get the Chop This New Year's

Yevroset - who last year sent out voodoo dolls and mini instruments of torture - is just one among many companies that are cutting back on holiday gifts such as calendars, wine and chocolate or eliminating them altogether due to tough times.

Mosenergosbyt Eyes Regional Expansion

Mosenergosbyt, the country’s biggest state-controlled electricity sales company, said Tuesday that it would allow industrial consumers to delay payments on their bills by up to six months as it seeks to build its client base outside Moscow.

RenCap Sees RTS Above 1,000 in 2009

The RTS may have taken a beating this year, but Renaissance Capital said Tuesday that the index would end 2009 back above the 1,000 mark, or 46 percent higher than its Wednesday closing level of 688 points.

Anti-Corruption Bill Set for Key Reading

The State Duma on Wednesday will consider in a second and crucial reading the anti-corruption bill that President Dmitry Medvedev has made the centerpiece of his plans to tackle rampant graft in the country.

26 Russians Killed in Israeli Bus Crash

The Associated Press
At least 26 Russian tourists were killed and dozens of others were seriously injured after their bus plunged into a ravine Tuesday near the popular Israeli Red Sea resort town of Eilat, officials said.

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