Topic: Russia

Pawnshops in Russia replace banks for many businessmen amid credit crunch During the depth of the credit crisis in Russia last year, when banks were charging exorbitant interest rates for loans, some businessmen raised cash by less conventional means pawnshops.A pawnshop would ...

Investing For The Long Haul

The massive monetary and fiscal responses to the financial crisis seem to have successfully fended off the threat of a new Great Depression. This reasoning has led the French Caisse des Depots et Consignations, the German Kreditanstalt fur Wiederaufbau (KfW Bankengruppe), the ...
Car sales in Russia halved in 2009 as lending dried up and ruble fellRussian car sales halved in 2009, the sharpest decline of any major market, and are expected to remain flat this year, a leading business association said Thursday.Russia's car market ...

Grading My 2009 Predictions List

So it's that time of the year for me to do my prediction and surprise list. Predicted rises in US exports, and tensions in the monetary union (debt crisis in Greece, Spain etc) were relatively useful also. US Savings Rates dramatically rise ...

Foreign investment in Russia halves

Foreign direct investment (FDI) in Russia almost halved in the first nine months of the year, the statistics office said on Friday, as the economic crisis reduced the country's appeal for investors.FDI from January-September amounted to 9.98 billion dollars, down 48.1 percent ...

Russia is out of recession: report

Russia is out of recession and its economy will grow by two percent in the fourth quarter owing to a rise in oil prices, Finance Minister Alexei Kudrin was quoted as saying on Saturday. "We now see that the Russian economy is ...
Philip Morris International, Inc. (PM) Q3 2009 Earnings Call October 22, 2009 9:00 am ET. It's now my pleasure to introduce Hermann Waldemer, Chief Financial Officer.. Marlboro continued to perform strongly in Japan in the third quarter, gaining 0.4 share points to ...
Russian President Medvedev says economy hit harder than expected by crisisRussian President Dmitry Medvedev said Sunday that Russia's economy was hit harder than expected by the global financial crisis, but Kremlin measures helped the country avoid the worst-case scenario.Russia's gross domestic product ...

IMS sees brighter outlook for global drug sales

NEW YORK (Reuters) - Global pharmaceutical sales are proving more resistant than expected to the economic slowdown, helped by surprising strength in the United States, according to a report by the leading tracker of prescription drug data.While growth through 2013 is still ...

Russia pledges to overcome 'fatal' oil dependence

Russia must move beyond its " fatal" dependence on oil exports and reorient its economy around high-tech and innovation, President Dmitry Medvedev said on Tuesday. "Our post-crisis economy should be based on knowledge and innovative technologies, not on Russia's potential in raw ...