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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Rostelecom (ROSYY: OTCQX International Premier) | ROSTELECOM’S BOARD OF DIRECTORS SETS THE DATE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND RECOMMENDS DIVIDEND PAYMENT FOR 2012

Category : World News

Moscow, Russia – April 26, 2013 – Rostelecom OJSC (MICEX – RTS:
RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national
telecommunications operator, announces that its Board of Directors has set the
date for the 2012 Annual General Meeting of Shareholders (the “AGM”).

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Rostelecom (ROSYY: OTC Link) | ROSTELECOM BUYS ADDITIONAL SHARES IN SVYAZINVEST

Category : Stocks, World News

Rostelecom BUYS ADDITIONAL shares in svyazinvest

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Rostelecom (ROSYY: OTC Link) | ROSTELECOM ACQUIRES 100% CONTROL OF MOSTELESET

Category : Stocks

Moscow, Russia – May 24, 2012 –Rostelecom OJSC (MICEX – RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator,today announces that OJSC National Telecommunications (“NTK”), its wholly-ownedsubsidiary, has won a tender to acquire 1.74 billion ordinary shares(representing a 26% shareholding) in OJSC Mosteleset (“Mosteleset”) for a totalcash consideration of RUB 1.8 billion. Mosteleset, through its wholly-ownedsubsidiary Mostelecom, owns data and pay TV networks in Moscow, which are usedby the NTK Group of companies[1] toprovide services to their subscribers. According to the terms of the tender, itis expected that the sale agreement will be signed and the transactionconcluded in the near future. NTK’s acquisition of a 26% stake in Mostelesetgives Rostelecom 100% control of Mosteleset.

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Gazprom Neft (GZPFY: OTC Link) | Gazprom Neft reports unaudited 3m 2012 results

Category : Stocks, World News

Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for the period ended 31 March 2012.

The Company’s performance improved substantially in 1Q 2012 compared to 1Q 2011 due to higher crude and petroleum product prices, increase in hydrocarbon production, oil refining volumes and sales through premium channels. Revenue grew by 19.8% Y-o-Y to RUB 277,976 million and adjusted EBITDA grew by 10.6% to RUB 79,262 million. Net Profit increased by 21.0% to RUB 48,373 million.

Hydrocarbon production volumes increased by 5.7% Y-o-Y to 108.51 mmboe (14.8 mmtoe) driven by increased development activity and the acquisition of assets in Orenburg at the end of 2011.

Refining throughput increased by 7.8% Y-o-Y to 10.17 million tonnes. Sales through premium channels increased 33% Y-o-Y to 5 mln tonnes and average daily sales per retail site in Russia increased by 36% Y-o-Y (15 t/day).

CAPEX increased by 30.3% Y-o-Y mainly driven by the Company’s investments in new upstream projects and large-scale refinery upgrade programs in Russia and Serbia.

Key performance indicators

1Q 2012 1Q 2011 ∆, %
Revenue (RUB million) 277,976 232,019 19.8
Adjusted EBITDA (RUB million) 79,262 71,636 10.6
RUB/ boe 730 698 4.6
Profit attributable to the shareholders of Gazprom Neft (RUB million) 48,373 39,990 21.0
Net Debt / EBITDA 0.67 0.68 (1.0)
CAPEX (RUB million) 30, 313 23, 256 30.3
Hydrocarbons production, including our share in equity affiliates (millions of boe) 108.51 102.61 5.7
Oil refining throughput at own and equity affiliates refineries (millions of tonnes) 10.17 9.43 7.8
Sales volume through premium channels (millions of tonnes) 5.14 3.87 32.8

Excerpt from: Gazprom Neft (GZPFY: OTC Link) | Gazprom Neft reports unaudited 3m 2012 results

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TMK OAO (TMKXY: OTC Link) | TMK Announces Board of Directors Decisions

Category : World News

May 18, 2012

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TMK OAO (TMKXY: OTC Link) | TMK Announces Board of Directors Decisions

Category : Stocks

May 18, 2012

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Rostelecom (ROSYY: OTC Link) | ROSTELECOM’S BOARD OF DIRECTORS SETS DATE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND SETS RECOMMENDED DIVIDEND PAYMENT FOR 2011

Category : World News

Moscow, Russia – April 27, 2012 – Rostelecom OJSC (MICEX – RTS: RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator, announces that its Board of Directors has set the date for this year’s Annual General Meeting of Shareholders (the “AGM”) for June 14, 2012. The AGM will be held at the World Trade Centre’s Congress Centre, Krasnopresnenskaya embankment, 12, Moscow.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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Russian Ruble Expected to Bounce Back in Short Term

Category : Stocks

NEW YORK (BBH FX Strategy) — We do not expect today’s outsized declines in Russian assets to be the start of a trend and would be inclined to take the recent moves as an opportunity to establish relative value trades within the emerging markets.

In the foreign currency space, we think the Russian Ruble (RUB) can outperform amongst high-beta currencies including the Indian rupee, Turkish lira and South African rand during this pullback in risk appetite. The key difference is the current account balance and oil prices, which are likely to remain supported by geopolitical tensions.

Moreover, the RUB should benefit in the short term from the gradual pricing out of the political risk premium and maybe even a reversal of some outflows as the country gets back to business as usual.

Visit link: Russian Ruble Expected to Bounce Back in Short Term

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Gazprom Neft (GZPFY: OTC Link) | Gazprom Neft announces book closed for subscriptions to series 11 bond

Category : World News

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