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Top Russian banks Say Exporters Can Now Get Trapped Funds From India
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
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Russian Bank Opens Special "Vostro" Account In Indian Branch
Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
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Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
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West Withholds Sanctions Against "Putin's Girlfriend". Here's Why
Alina Kabaeva made a rare public appearance at Moscows VTB Arena last week to present a rhythmic gymnastics performance at an event.
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Banker Arrested For Insider Trading Walks Free After Deleting WhatsApp
Konstantin Vishnyak, a former VTB Capital Plc banker who deleted his Whatsapp messages "under the noses of the police," was acquitted by a London jury, dealing a blow to the Financial Conduct Authority's pursuit of insider dealing.
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NuMetal A "Shell Company", Can't Bid For Essar Steel, Says ArcelorMittal
Steel and mining firm ArcelorMittal tells the Supreme Court that its rival bidder NuMetal was not eligible to bid for Essar Steel on several grounds, including that it was a "shell company".
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ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
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Essar Secures Loan From Russia's VTB to Delist Shares: Report
India's Essar Group has secured a $330 million loan from Russian bank VTB to delist shares in its oil refining subsidiary Essar Oil two sources familiar with the matter told Reuters.
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Russia Warns of Retaliation for Yukos Overseas Asset Freeze
Moscow threatened Friday to retaliate against state-linked foreign firms operating in Russia after its official assets in Western Europe were frozen over legal claims by former Yukos oil company shareholders.
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Russian Bank VTB to Lend India's Essar $1 Billion
Mr Kostin also said that VTB would not ask for more than 250 billion roubles ($4.6 billion) in financial assistance from a government rainy-day fund called the National Wealth Fund.
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Offer for Italian Steelmaker Lucchini Below $100 Million: JSW
JSW Steel has offered less than $100 million (Rs 600 crore at 1 dollar = 60 rupees) for troubled Italian steelmaker Lucchini's core assets in Piombino and will not take on any of the company's debt, JSW chairman Sajjan Jindal said on Monday.
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Oil Sinks to Lowest Since June 2013 as Supply Risks Ease
Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.
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Gold touches six-month highs on subdued risk appetite
Gold hit its highest in six months on Monday as cautious investors remained risk averse after Western countries issued warnings of more sanctions on Moscow following Crimea's vote to break from Ukraine.
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Gold rises as weak US job data rekindles Fed stimulus hope
Gold rose on Friday after data showed US job creation slowed sharply over the past two months, fuelling speculation that slowing economic momentum will force the Federal Reserve to keep its current stimulus.
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Gold rebounds after biggest quarterly drop on record
Gold prices rose on Monday, rebounding after posting its biggest quarterly loss on record, as the dollar steadied ahead of a raft of data this week which traders hope will give more clues on the outlook for US stimulus measures.
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Top Russian banks Say Exporters Can Now Get Trapped Funds From India
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
-
Russian Bank Opens Special "Vostro" Account In Indian Branch
Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
-
Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
West Withholds Sanctions Against "Putin's Girlfriend". Here's Why
Alina Kabaeva made a rare public appearance at Moscows VTB Arena last week to present a rhythmic gymnastics performance at an event.
-
Banker Arrested For Insider Trading Walks Free After Deleting WhatsApp
Konstantin Vishnyak, a former VTB Capital Plc banker who deleted his Whatsapp messages "under the noses of the police," was acquitted by a London jury, dealing a blow to the Financial Conduct Authority's pursuit of insider dealing.
-
NuMetal A "Shell Company", Can't Bid For Essar Steel, Says ArcelorMittal
Steel and mining firm ArcelorMittal tells the Supreme Court that its rival bidder NuMetal was not eligible to bid for Essar Steel on several grounds, including that it was a "shell company".
-
ArcelorMittal To Form Joint Venture With Nippon Steel To Buy Essar Steel
In February, ArcelorMittal and a group led by Russia's VTB made separate bids for Essar Steel, which faces claims of nearly $8 billion from banks and other creditors and suppliers.
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Essar Secures Loan From Russia's VTB to Delist Shares: Report
India's Essar Group has secured a $330 million loan from Russian bank VTB to delist shares in its oil refining subsidiary Essar Oil two sources familiar with the matter told Reuters.
-
Russia Warns of Retaliation for Yukos Overseas Asset Freeze
Moscow threatened Friday to retaliate against state-linked foreign firms operating in Russia after its official assets in Western Europe were frozen over legal claims by former Yukos oil company shareholders.
-
Russian Bank VTB to Lend India's Essar $1 Billion
Mr Kostin also said that VTB would not ask for more than 250 billion roubles ($4.6 billion) in financial assistance from a government rainy-day fund called the National Wealth Fund.
-
Offer for Italian Steelmaker Lucchini Below $100 Million: JSW
JSW Steel has offered less than $100 million (Rs 600 crore at 1 dollar = 60 rupees) for troubled Italian steelmaker Lucchini's core assets in Piombino and will not take on any of the company's debt, JSW chairman Sajjan Jindal said on Monday.
-
Oil Sinks to Lowest Since June 2013 as Supply Risks Ease
Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.
-
Gold touches six-month highs on subdued risk appetite
Gold hit its highest in six months on Monday as cautious investors remained risk averse after Western countries issued warnings of more sanctions on Moscow following Crimea's vote to break from Ukraine.
-
Gold rises as weak US job data rekindles Fed stimulus hope
Gold rose on Friday after data showed US job creation slowed sharply over the past two months, fuelling speculation that slowing economic momentum will force the Federal Reserve to keep its current stimulus.
-
Gold rebounds after biggest quarterly drop on record
Gold prices rose on Monday, rebounding after posting its biggest quarterly loss on record, as the dollar steadied ahead of a raft of data this week which traders hope will give more clues on the outlook for US stimulus measures.
