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Saturday, November 21, 2009
News Making Money

Ukraine paid in full for Russian gas in October - Tymoshenko

07/11/2009 10:37 (13 Day 18:41 minutes ago)

The FINANCIAL -- According to RIA Novosti, Ukraine 's Naftogaz has paid Gazprom in full for Russian gas deliveries in October, Ukrainian Prime Minister Yulia Tymoshenko said on November 6.

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"Today, we have paid Russia another $500 million," the Ukrainian government quoted Tymoshenko as saying.

 

However, she complained about difficulties in making the payment, referring to "a complete blockade" on the part of the national bank and the president, with local gas consumers providing just 50%-60% of payment.

 

Gazprom has not so far confirmed Naftogaz's payment for October.

 

The European Commission signaled on Friday that it wants confirmation of Ukraine 's gas payment for October, according to Pia Ahrenkilde Hansen, a European Commission deputy spokesperson.

 

Hansen denied that Kiev had turned to the European Union for financial assistance in paying for Russian gas supplies.

 

Russia's Prime Minister Vladimir Putin on Sunday briefed his Swedish counterpart, the current EU president, Fredrik Reinfeldt, about possible problems with Ukrainian payment for Russian gas and its transit to European consumers.

 

Putin warned that payment problems could lead to difficulties for European consumers receiving Russian gas via Ukraine . A dispute between MOSCOW and Kiev at the start of the year over gas debts and 2009 deliveries left millions of Europeans without gas in January

 

European Commission President Jose Manuel Barroso said on Friday he hoped Russia and Ukraine would resolve gas issues on their own without EU mediation.

 

A source in the European Commission said on Friday that Ukraine had reported 25 billion cubic meters of natural gas in its storage facilities, which Kiev said would be enough for the uninterrupted transit of Russian natural gas to Europe in the winter.

 

 

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Politics
Biden Calls for Fulfilling Promises of Rose Revolution

20/11/2009 12:35 (16:43 minutes ago)

The FINANCIAL -- According to Civil Georgia, U.S. Vice President Joe Biden called President Saakashvili on November 18 to discuss democratic reform in Georgia and to reiterate the United States’ strong support for Georgia’s sovereignty and territorial integrity, the White House reported.

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World News
Afghanistan: Pessimism and Criticism of President Both Increase

20/11/2009 15:07 (14:11 minutes ago)

The FINANCIAL -- A new Harris Poll finds that a 2-to-1 majority now gives President Obama negative ratings on his handling of Afghanistan, a six-point increase in his critics over the last two months.

Number of China's millionaires grows despite global recession

20/11/2009 12:33 (16:45 minutes ago)

The FINANCIAL -- According to RIA Novosti, the number of dollar millionaires in China is expected to grow to 450,000 by the end of this year, despite the overall decline in global wealth, the Boston Consulting Group (BCG) has said.

20-year-old South Korean model found dead in Paris apartment

20/11/2009 12:19 (16:59 minutes ago)

The FINANCIAL -- According to RIA Novosti, a 20-year-old South Korean model has been found dead in her Paris apartment, her modeling agency said.

Suicide bomber on motorcycle kills six in Afghanistan

20/11/2009 12:10 (17:08 minutes ago)

The FINANCIAL -- According to RIA Novosti, a suicide bomber blew himself up on November 20 morning while riding a motorcycle through a crowded area of Farah in southwest Afghanistan, killing at least six people, local police said.




Markets
NASDAQ OMX Stockholm and Valueguard Launch New Housing Price Index

20/11/2009 16:10 (13:08 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm AB, part of the NASDAQ OMX Group (NASDAQ:NDAQ), together with Valueguard on November 19 introduced a new suite of housing price index, "NASDAQ OMX Valueguard-KTH Flats" (HOX), based on the price development for privately held flats in Sweden's three largest cities.

TRAVEL BIZ
Radisson Plaza Hotel Minneapolis Appoints New General Manager

20/11/2009 16:06 (13:12 minutes ago)

The FINANCIAL -- Radisson Hotels & Resorts on November 19 announced the appointment of Tom Mason as the new general manager of the Radisson Plaza Hotel Minneapolis at 35 South 7th Street in the heart of the city’s downtown area.

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Air Berlin: First approval for GLS approaches worldwide

20/11/2009 15:59 (13:19 minutes ago)

The FINANCIAL -- Air Berlin is the world’s first airline to receive LBA (German Federal Aviation Office) approval for employing GLS (GPS landing system) technology on its flights.

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Oil&Auto
Volkswagen Board Approves Porsche Deal Contracts

20/11/2009 14:41 (14:37 minutes ago)

The FINANCIAL -- The Supervisory Board of Volkswagen Aktiengesellschaft took a further important step towards the creation of an integrated automotive group with Porsche at its meeting on November 20 when it approved the contracts of implementation negotiated by all the parties which set out the details of the previouslyconcluded comprehensive agreement.

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INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (1 Day 16:39 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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