Friday, October 1, 2010

Russian companies may list in Hong Kong

As many as five Russian companies may follow billionaire Oleg Deripaska's United Co. Rusal and list in Hong Kong by 2012, said Elena Khisamova, head of equity capital markets at the investment banking arm of VTB Group.
Gazprom Says 'Abnormal' Gas-Price Gap to Undermine Investment OAO Gazprom, the world's biggest natural-gas producer, said an "abnormal" gap between spot fuel prices and long-term contracts is threatening investments in new fields and pipelines.
Hungary's Mol Says Pakistan Gas Production Unaffected by Battle Mol Nyrt, Hungary's largest refiner, said an escalation in fighting in Pakistan's northwest has not disrupted its natural gas facilities in the country.
Asseco Poland to Set Price in Rights Offering on April 19 Asseco Poland SA, the Polish company that's central Europe's largest software maker, plans to set the issue price in the rights offering on April 19, when it's scheduled to publish the prospectus.
Lithuanian Coalition Breakup Won't Hurt Rating, Moody's Says
Any breakup of Lithuania's ruling coalition is unlikely to hurt the economy or impact the Baltic nation's Baa1 credit rating, Moody's Investor Service said.
Rusagro Plans Share Sale to Finance Expansion, Acquisitions OAO Rusagro Group, a Russian agricultural holding company, plans to sell stock to fund expansion and acquisitions.
Eastern European Stock Markets Poland's WIG20 Index rose 0.7 percent, the Czech PX Index rose 3.1 percent and Hungary's BUX Index gained 0.7 percent. The 30-stock Micex Index gained 1.8 percent to 1,526.61. The dollar-denominated RTS Index rose 1.8 percent to 1,673.41.
Berling SA (BRG PW): The Polish wholesaler of refrigeration equipment will start trading on the Warsaw Stock Exchange, the bourse said in an e-mail on April 14.
Bank BPH SA (BPH PW): The Polish unit of General Electric Co. said it won't pay a dividend for 2009. Bank BPH shares rose 2.1 percent to 73.5 zloty.
OAO Raspadskaya (RASP RX): Raspadskaya's 2009 profit fell 78 percent to $117 million, as sales declined 59 percent to $497 million. Shares of the Russian coking coal producer rose 1 percent to 220.72 rubles.
OAO Novolipetsk Steel (NLMK RX): The steelmaker owned by Vladimir Lisin, Russia's richest man, may report first-quarter production numbers tomorrow. Novolipetsk shares rose 2 percent to 112.93 rubles.
OAO Polyus Gold (PLZL RX): Gold rose as the dollar's slide enhanced the appeal of the metal as an alternative investment, and signs of a global economic recovery boosted demand for commodities. VTB Capital rated Polyus a new "buy." The shares of Russia's largest producer of gold fell 1.1 percent to 1,460.57 rubles.
World Markets
Asian Stocks Rise on China Growth, U.S. Earnings; Canon Gains Asian stocks rose, driving the MSCI Asia Pacific Index to a 20-month high, as faster economic growth in China and U.S. earnings reports buoyed confidence in the global recovery.
Yen Drops for Sixth Day Versus Euro on Recovery, Risk Appetite The yen fell for a sixth day versus the euro, the longest drop since January, as signs the global economy is gaining traction boosted demand for riskier assets.
Treasuries Give Up April Gain as Factory Production May Quicken
Treasuries were poised to finish the first half of April with a loss as economists said a Federal Reserve report today will show industrial production accelerated in March.
Oil Rises for Second Day on Gain in U.S. Demand, China Growth
Oil climbed for a second day in New York after a report showed U.S. crude supplies fell as gasoline demand increased and as China posted its fastest economic growth in almost three years.
Copper Advances for Second Day as China Reports Faster Growth
Copper rose for a second day as China, the world's largest consumer, reported that economic growth in the first quarter accelerated to the fastest pace in almost three years.
Newspaper Highlights
Immofinanz to Buy Constantia Bad Bank for EU0.5Mln, WiBlatt Says
Immofinanz AG has agreed to pay about 500.000 euros ($681,550) to take over the "bad bank" of Semper Constantia Privatbank AG, Wirtschaftsblatt reported, citing unidentified people involved in the negotiations.
Russian Minister Says High Import Tariffs to Stay, WSJ Reports
Russia will retain the high import tariffs imposed last year as it tries to soften the effect of the global financial crisis on its economy, the Wall Street Journal reported, citing remarks made by Deputy Prime Minister Igor Shuvalov.
Posco Seeks to Buy Ukraine's Zaporizhstal, MoneyToday Says
Posco is seeking to buy Ukrainian steelmaker Zaporizhstal, MoneyToday reported, without citing anyone.
NYSE Euronext May Open Grain Bourse in Ukraine, Delo Reports
NYSE Euronext may open a grain exchange in Ukraine and is seeking local partners, Delo newspaper reported, citing Leonid Kozachenko, president of the Ukrainian Agrarian Confederation.

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