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Professor Raghavendra Rau gives his opinion on BBC Radio Cambridgeshire

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Saturday, February 11, 2012
News Making Money

Gazprom confirms Ukraine's gas payment for October

09/11/2009 14:18 (824 Day 09:32 minutes ago)

The FINANCIAL -- According to RIA Novosti, Russian energy giant Gazprom confirmed on November 9 that Ukraine 's Naftogaz had paid in full for Russian natural gas supplies in October.

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"Naftogaz has paid in full for gas supplies in October," a Gazprom spokesman said.

 

Ukrainian Prime Minister Yulia Tymoshenko said on November 6 that Ukraine had paid the $500 million bill, but the information was not immediately confirmed by Gazprom.

 

Bohdan Sokolovskyi, a Ukrainian presidential envoy for international energy security, said the cash-strapped ex-Soviet state had converted its special drawing rights (SDRs) into dollars to make the payment.

 

The European Commission signaled on November 6 that it wants confirmation of Ukraine 's gas payment for October, according to Pia Ahrenkilde Hansen, a European Commission deputy spokesperson.

 

In late October, Russian Prime Minister Vladimir Putin warned against possible problems with Kiev 's payment for gas, saying they could cause 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.

 

 

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World News
A positive EU Summit for growth and jobs at last!

11/02/2012 01:34 (22:16 minutes ago)

the FINANCIAL -- EUROCHAMBRES was pleased with the Statement of Heads of State and Government following the EU Summit on 30 January.

NASA Hosts Events to Celebrate 50 Years of Americans in Orbit

11/02/2012 01:18 (22:32 minutes ago)

The FINANCIAL -- In celebration of 50 years of Americans in orbit, NASA's Kennedy Space Center in Florida will host several events Feb. 17 and 18 that will air live on NASA Television.

NASA Seeks Game Changing Technology Payloads for Suborbital Research Flights

11/02/2012 01:15 (22:35 minutes ago)

The FINANCIAL -- NASA is seeking proposals for small technology payloads that could fly on future NASA-sponsored suborbital flights.

NASA TV to Broadcast Space Station Spacewalk Feb. 16

11/02/2012 01:13 (22:37 minutes ago)

The FINANCIAL -- Two cosmonauts will conduct a six-hour spacewalk Thursday, Feb. 16, to continue outfitting the International Space Station. NASA Television will broadcast the spacewalk beginning at 7:45 a.m. CST.


Politics
Israel’s Peres vows cooperation with Greek Cyprus in gas drillingIsraeli

04/11/2011 04:38 (99 Day 20:12 minutes ago)

The FINANCIAL -- President Shimon Peres had talks with Greek Cypriot leader Dimitris Christofias during a key visit to the island on Thursday, discussing gas finds in the eastern Mediterranean, a discovery that has sparked a crisis between Turkey and Greek Cyprus.

 

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Markets
NASDAQ Welcomes Synacor Inc. to the NASDAQ Global Select Market

11/02/2012 02:54 (20:56 minutes ago)

The FINANCIAL -- The NASDAQ OMX Group announced that the trading of Synacor Inc,commenced on the NASDAQ Global Select Market on February 10, 2012.

TRAVEL BIZ
Flash Sale Halo Effect Lighting Up Full-Priced Online Luxury Category

11/02/2012 02:05 (21:45 minutes ago)

The FINANCIAL -- With a greater number of consumers having acquired a taste for luxury fashion in recent years through the proliferation of flash sale websites, full-priced online luxury retailers are now reaping the benefits, reveals new data released today from American Express Business Insights during Mercedes-Benz Fashion Week.

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Marriott International Declares Cash Dividend; Board Increases Stock Repurchase Authorization

11/02/2012 02:02 (21:48 minutes ago)

The FINANCIAL -- Marriott International announced that its board of directors declared a quarterly cash dividend of ten cents ($0.10) per share of common stock.

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Oil&Auto
Mitsubishi Motors to Debut the New Outlander at the 2012 Geneva International Motor Show

11/02/2012 04:14 (19:36 minutes ago)

The FINANCIAL -- Mitsubishi Motors Corporation will present the global debut of the all-new Mitsubishi Outlander at the 82nd Geneva International Motor Show which runs from March 6 through March 18.

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INSURANCE
Nicolas Burnet appointed Chief Financial Officer of Global Life business

11/02/2012 04:00 (19:50 minutes ago)

The FINANCIAL -- Zurich Financial Services Group announces the appointment of Nicolas Burnet to the position of Chief Financial Officer Global Life, with immediate effect.

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