Standard and Poor's upgrades Russia to investment status over budget surplus
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MOSCOW  - The Standard and Poor's Ratings Group increased Russia's sovereign debt rating to investment grade Monday, a long-awaited move driven by Russia's oil-fuelled budget surplus and soaring hard currency reserves.
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Recent increases in defense spending by Brazil and Venezuela are attracting observers' attention.
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France and Russia sign deals in the transport and aviation sectors worth more than $10bn.
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Standard &amp; Poor&#39;s Ratings Services on Thursday revised its credit ratings outlook on Poland to stable from negative supported by strength in export growth and an improvement in the country&#39;s fiscal performance.
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MOSCOW: Russian Finance Minister Alexei Kudrin said a surplus in a government emergency fund should be used to pay off the country&#39;s foreign debt rather than boost government spending, warning that the high oil prices - and profits - which created the
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What Russia's move toward entry in the World Trade Organization means for Washington.
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The investment signaled the intense interest these days in companies providing services to the growing middle class of Russia.
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The move brought intense speculation that the Russian government may seek to leverage the investment into a strategic partnership with the company.
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Russia's finance minister announces $5bn in extra funds for security services to help combat terrorism.
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The Russian state will maintain some restrictions on foreign ownership in gas giant Gazprom after the liberalisation of its shareholding structure, a top minister said.
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Russians start using 5,000-rouble notes again - officially because real incomes have risen.
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Rosneft, the Russian state oil company that has bought a major slice of Yukos, has been put on credit watch by Standard &amp; Poor&#39;s in a reflection of the riskiness of the deal.
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WASHINGTON -- The International Monetary Fund on Wednesday raised its outlook for Russia&#39;s economy but warned Moscow to resist spending the extra oil revenues it has received as a result of record energy prices.
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Some of YUKOSâs assets will be sold through the Russian Federal Property Fund, the Justice Ministryâs Main Department in Moscow said on Tuesday.
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A decision by Brazil to raise its budget surplus target shows the government had &quot;solid control&quot; of the country&#39;s economic needs, an International Monetary Fund official said on Thursday.
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LONDON -- Russia will need more than $900 billion of investment as well as sweeping price reforms if the country is to continue raising oil and gas production over the next 25 years, the International Energy Agency said Tuesday.
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Finance Minister Alexei Kudrin said Thursday that Russia plans a big increase in defense spending next year, with some extra money going to bigger cash allowances for soldiers.