Results for Russia
- Brunswick Rail Makes Debt-Restructuring Offer After Talks Fail
Brunswick Rail Ltd., the Russian railcar lessor struggling to repay foreign debt following a plunge in the ruble, issued a last-ditch bond-restructure plan after talks with creditors broke down. The company is giving holders of $600 million of bonds due ...
Daily Headline - global.abi.org - 06/27/2016 - 22:52 - 0 comments
- The Corner of Russian Economy Where Crisis Still Rages Unabated
As Russia’s government counts the months to an economic rebound, a bellwether of investment is nearing levels of distress last seen during the throes of a recession seven years ago, Bloomberg News reported. Building completions plunged 9 percent from a y ...
Daily Headline - global.abi.org - 06/26/2016 - 23:29 - 0 comments
- Putin Said to Weigh $11 Billion Rosneft Sale to China and India
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years, Bloomberg News reported. Russia is seekin ...
Daily Headline - global.abi.org - 06/19/2016 - 22:07 - 0 comments
- Russia's Rusagro Files For Bankruptcy Of Razgulay
Russian farming conglomerate Rusagro has filed a bankruptcy claim against Razgulay , according to materials of the Moscow Arbitration Court, Reuters reported. Rusagro, a fast-growing pork and sugar producer, confirmed submitting the claim, saying it was ...
Daily Headline - global.abi.org - 06/07/2016 - 21:19 - 0 comments
- Dutch Court Overturns $50 Billion Yukos Award Against Russia
In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague-based Permanent Court of Arbitration had no jurisdiction, the Irish Times reported ...
Daily Headline - global.abi.org - 04/20/2016 - 22:00 - 0 comments
- Mechel Signs Debt Restructuring Deal With Sberbank
Russian coal and steel producer Mechel said on Monday it had agreed a debt restructuring deal with the country's biggest bank Sberbank totalling 30 billion roubles ($446 million) and $427 million, Reuters reported. The mining company, controlled by ...
Daily Headline - global.abi.org - 04/18/2016 - 20:52 - 0 comments
- Amid The Oil Price Crash, Rosneft Is Running To Stand Still
Across the global oil patch, from Texas to the North Sea, drilling rigs are standing idle as energy companies respond to the slump in crude prices by cutting investments. Not so in the swampy Siberian marshes that are Rosneft’s heartland, the Financial ...
Daily Headline - global.abi.org - 03/23/2016 - 21:39 - 0 comments
- Number of Russians Living in Poverty Rises
The number of Russians living below the poverty line rose to the highest levels in nearly a decade in 2015, as the oil-dependent economy suffered a second year of recession, data showed Monday, The Wall Street Journal reported. Years of high crude oi ...
Daily Headline - global.abi.org - 03/21/2016 - 21:08 - 0 comments
- Head Of Russian Development Bank VEB Could Be Replaced Soon
The head of Russia's ailing state development bank Vnesheconombank (VEB) could be replaced soon by a senior banker from Sberbank, four sources familiar with the situation told Reuters on Wednesday. Three of the sources said the decision to replace V ...
Daily Headline - global.abi.org - 02/17/2016 - 22:11 - 0 comments
- Russia's Gazprombank To Gain Elga Project In Mechel Debt Deal
Russia's Gazprombank will receive Mechel's Elga coal project in exchange of paying off some of the coal and steel company's debt to Sberbank, according to preliminary debt restructuring deal, two banking sources told Reuters. The agreement ...
Daily Headline - global.abi.org - 02/15/2016 - 23:19 - 0 comments