| September 2009 |
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General Motors' board of directors has recommended the sale of ailing German automaker Opel to a consortium of Austrian-Canadian Magna and Russia's Sberbank.
U.S. auto giant General Motors is prepared to sell the ailing German automaker Opel to a consortium of Austrian-Canadian Magna and Russia's Sberbank, German Chancellor Angela Merkel said on Thursday.
Russia and Venezuela signed on Thursday a package of deals, including one to develop the Latin American country's Orinoco oil belt, with estimated reserves of 235 billion barrels of heavy oil.
The official dollar rate set by the Russian Central Bank for September 10 is 30.8851 rubles, down 26.01 kopeks from Thursday.
The Khabarovsk Territory in the Russian Far East is prepared to offer foreign investors the opportunity to join regional projects.

The Magnitogorsk Iron and Steel Works (MMK) announced on Thursday a $59 million net consolidated profit calculated to International Financial Reporting Standards (IFRS) for the second quarter of 2009.
Sberbank announced on Thursday a net profit under International Financial Reporting Standards of 6 billion rubles ($194 million) in January-June 2009, compared to 67 billion rubles ($2 billion) a year earlier.