Evraz share price dips as Roman Abramovich-backed miner aims to raise $350m in note offering November 3, 2014 Russian steel-making and mining company Evraz announced yesterday that it is aiming to refinance a portion of its debt with an offering of 7.5 per cent of secured notes worth $350m (£219m) through its Canadian subsidiary EICA. According to Evraz, which is headquartered in London, the notes will be guaranteed by Evraz North America and one [...]
Christmas top 5 November 3, 2014 Book ahead to avoid yule tide disappointment HYPER JAPAN CHRISTMAS MARKET Get the perfect Christmas present for the Japanophile in your life at the Hyper Japan Christmas Market. Following a successful exhibition earlier this year, the market will bring all things Japan to Kensington’s Olympia once again from 14 to 16 November. Adult tickets are [...]
RAF Typhoons intercept Russian Tupolev Tu-95 “Bear” bombers in UK airspace November 2, 2014 The RAF has intercepted two huge Russian bombers over the North Sea. The Tupolev Tu-95 planes, which were a range of around 8,000km and was originally designed to drop nuclear bombs on the continental US, were picked up by RAF radar and met by Typhoon fighter jets before being escorted through UK airspace. Contact was [...]
Russian central bank hikes interest rate by 1.5 percentage points to stave off rouble slide October 31, 2014 So much for the softly-softly approach to monetary policy taken by most central banks at the moment. Russia has hiked interest rates by 1.5 percentage points to 9.5 per cent, in an effort to stave off further slides in the rouble. The value of Russia's international reserve stockpile has fallen more than $30bn since the [...]
Ash London’s Amanda Ibgui and Sharon Elalouf bring the French interior design Touch to the City October 30, 2014 Imagine how Sharon Elalouf and Amanda Ibgui felt arriving in London from their native Paris on a rainy day in 2006. Not only did they have to contend with English food and English weather, the pair also came up against English interior design. Enthusiastic devotees of modern French style (which for them means clean [...]
EU brokers Russia, Ukraine gas deal after months of negotiation October 30, 2014 Russia has agreed to resume supplies of natural gas supplies to Ukraine until March 2015 following months of negotiations brokered by the European Union. The deal will also include EU funds to assist Ukraine in paying off its debts to Russian energy giant Gazprom so gas will be delivered to the war-torn country in time [...]
Rosneft stuck in a rouble rut as profits plunge 99 per cent October 29, 2014 It is a sign of the times for Russian oil companies that a 99 per cent fall in profits "defies expectations", but shares in Rosneft rose this afternoon after it posted figures showing it had avoided making a net loss in the third quarter. Instead, net profits for the world's largest oil producer fell to [...]
BP slumps to a loss as Russian arm struggles October 28, 2014 UK OIL company BP yesterday reported a loss of $335m (£207m) during the third quarter of 2014, down from a $1bn profit in the same period of last year. The firm’s Rosneft business in Russia took a major hit, with profit plunging to $107m, compared with $792m. BP said that this result was “principally affected [...]
FTSE held back by poor bank results but index still rises – London Report October 28, 2014 BRITAIN’S top equity index yesterday rebounded, helped by stronger mining stocks which offset a fall in banking shares such as Standard Chartered and Lloyds. The blue chip FTSE 100 index closed up by 0.6 per cent, or 38.71 points, at 6,402.17 points, bouncing back from a 0.4 per cent fall on Monday. Standard Chartered slumped [...]
BP share price rises as earnings beat expecations, despite falling 18 per cent October 28, 2014 Shares in oil giant BP opened 1.9 per cent higher this morning as it reported above-expectation revenues, despite a fall in both oil production and earnings as outside pressures weighed on results. A combination of ongoing legal proceedings in the US, Russian sanctions and falling oil prices affected the figures. On the whole, these effects [...]