Business

LUKoil predicts domestic production slowdown, slump

© Mikhail Beznosov

LUKoil predicts domestic production slowdown, slump

20:36 28/08/2009

Russia's largest independent producer LUKoil expects domestic oil production to slow and even start to fall, a company vice president said on Friday.

Ford Russia to halt production at Russian plant from August 31
17:17 28/08/2009
Ford Russia is to suspend production at its plant in Vsevolozhsk in the country's northwest from August 31 through September 11 amid falling domestic sales, a company spokesperson said on Friday.
Russia's AvtoVAZ appoints new CEO
16:36 28/08/2009
The board of directors of Russian auto concern AvtoVAZ have appointed Igor Komarov as the company's new president, AutoVAZ said in a press release on Friday.
Putin orders oil export duty hike to $238.6 per ton from Sep. 1
15:14 28/08/2009
Russian Prime Minister Vladimir Putin signed a government resolution on Friday increasing from September 1 Urals oil export duty to $238.6 per metric ton from the current $222.
Dollar down 7.18 kopeks, euro up 22.29 kopeks - Central Bank
13:24 28/08/2009
The official dollar rate set by the Russian Central Bank for August 29 is 31.5687 rubles, down 7.18 kopeks from Friday
LUKoil's U.S. GAAP net profit down 50% to $3.36 bln in 1H09
11:47 28/08/2009
Russia's largest independent oil company LUKoil announced on Friday a 50% year-on-year drop in its U.S. GAAP net profit in the first half of 2009 to $3.362 billion.
IMF to allocate 195 million euros to Latvia
11:25 28/08/2009
The International Monetary Fund has given Latvia another 195 million euros ($278 million) under a deal agreed last year to help the Baltic country cope with a severe recession

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Anonymous Takes Down CIA Website

Anonymous Takes Down CIA Website

Hacker group Anonymous on Friday took down the website of the Central Intelligence Agency (CIA), online publication PC Magazine reported.

Greece Approves New Austerity Measures

Greece Approves New Austerity Measures

The Greek cabinet has approved a pack of new austerity measures requested by the Eurozone and the International Monetary Fund to secure a 130-billion euro ($170bln) bailout to avoid default, the Greek national television reported on Saturday.

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Judge Doubts Arms Dealer Bout Deserves Solitary Confinement

U.S. District Judge Shira Scheindlin on Friday doubted that Russian arms dealer Viktor Bout deserves solitary confinement as a specially dangerous criminal, a RIA Novosti correspondent reported from the courtroom.

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Iranian Navy Receives 2 Light Submarines

The Iranian Navy has commissioned two Ghadir class diesel-electric submarines to boost Iran’s naval capability, official IRNA news agency reported.

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