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Greece ‘One Step away’ From Debt Swap - Officials
Greece and its private creditors are close to reaching a agreement on the voluntary debt swap, Greek Finance Minister Evangelos Venizelos told journalists in Athens.
Fitch Downgrades Ratings of Five Eurozone States
International ratings agency Fitch downgraded its sovereign credit ratings of five Eurozone states - Belgium, Cyprus, Italy, Spain and Slovenia.
Economic Deregulation Seen as Russia’s New Priority
Economic deregulation will be a priority for Russia’s new president and government in the next five-six years, First Deputy Prime Minister Igor Shuvalov said on Friday.
WEF annual meeting 2012 in Davos
Businesses Get Flak for Opposition Support
Businesses in Russia that lend support to the opposition are being subjected to harassment, former finance minister Alexei Kudrin said on Friday.
Abrau-Durso Champagne Maker to Hold IPO in Spring 2012
Russia's leading premium sparkling wine producer Abrau-Durso will hold an initial public offering in spring 2012, the company's spokesman, Vitaly Ryazantsev, said on Friday.
Russia Could See Large Investment Inflow after Elections
The head of Russia's direct investment fund set up to lure foreign investment to modernize the Russian economy, Kirill Dmitriev, said on Friday he expected substantial increased capital inflow to Russia after presidential elections this March.
U.S. Airbnb Plans to Expand Operations in Russia
U.S. online room rental service Airbnb.com plans to open its office in Moscow as well as in other European cities in the first quarter of 2012, the service said on Friday.
Drug Money Damages World Economy by $2 Trln Annually
Annual financial damage to the world economy from drug money equals $2 trillion, Russia's Federal Drug Control Service head Viktor Ivanov said.
Kazakhstan Aims to Conclude WTO Talks by 2013
Kazakh President Nursultan Nazarbayev confirmed on Friday that the energy-rich Central Asian state was likely to conclude talks to join the World Trade Organization (WTO) this year.
Norway Offers Gas to Ukraine
Norway is considering supplying natural gas to Ukraine as an alternative to Russian natural gas supplies, a Norwegian Ministry of Petroleum and Energy expert said on Thursday.
Cyprus Gets Second 1.32 Bln Euro Russian Loan Tranche
Cyprus has received the second 1.32 billion euro tranche of a 2.5 billion euro loan pledged by Russia, the Cypriot Finance Ministry said on Thursday.
Polymetal, Polyus Stocks Surge on Merger News
Share prices of Russian precious metals miner Polymetal and gold producer Polyus surged in London trading on news that the companies’ billionaire owners were considering merging their gold assets to create the world's ninth-biggest gold producer.
IMF Urges Russia to Focus on Inflation
Russia should orient its monetary policy more strongly toward fighting consumer price inflation, the International Monetary Fund's Senior Resident Representative in Russia Odd Per Brekk said on Thursday.
Russia to Keep Australian Dollar Reserves From February
Russia plans to start investing some of its foreign currency reserves into the Australian dollar from February to diversify its international holdings amid global market volatility, Central Bank First Deputy Chairman Alexei Ulyukayev said on Thursday.
Renova’s Gold Business Delays IPO to 2013
Kamchatka Gold, a gold miner controlled by billionaire Viktor Vekselberg’s Renova asset management group, will hold an initial public offering no early than the second half of 2013, Vekselberg said at the World Economic Forum.
IMF Warns Iran Sanctions Could Push Oil to $140
Sanctions on Iran by the OECD states could push oil prices up 20-30 percent to $140 per barrel unless alternative supplies from developing countries come on line, the International Monetary Fund said on Thursday.
Russia to Maintain Foreign Exchange Reserve Structure
Russia does not expect the eurozone to disintegrate despite its sovereign debt crisis and will keep its international reserves structure unchanged, Russian Central Bank First Deputy Chairman Alexei Ulyukayev said on the sidelines of the World Economic Forum on Thursday.
Main News of January 25
A roundup of what has happened in the past 24 hours
U.S. May Lift Russia Trade Restrictions This Year - Envoy
The United States may scrap Cold-War era trade restrictions on Russia in the very near future, U.S. Ambassador to Russia Michael McFaul said on Wednesday.
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