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Russian nuclear submarine blaze injures nine after crew remain inside
Friday, 30 December 2011 18:53

President orders inquiry into fire on board vessel docked in Arctic but officials play down any fears of radiation leak

The Russian president, Dmitry Medvedev, has ordered an investigation after a nuclear submarine caught fire during repairs in the Arctic, injuring at least nine people.

The blaze, believed to have been started by a welding lamp...

Russian region where submarine caught fire is world's atomic dustbin
Friday, 30 December 2011 16:52

The bleak area around Murmansk is a dumping ground for nuclear waste, some of it leaking and dangerous

The desolate region around Murmansk where the Russian submarine Yekaterinburg caught fire contains the biggest concentration of old nuclear reactors in the world and, since the cold war ended, has become the world's atomic dustbin.

When I was there...

Oil prices go zigzag with concerns about Iran
Friday, 30 December 2011 14:38

Oil prices went up and down after the market appeared confused over Iran’s threat to block the major oil shipping route through the Strait of Hormuz.

On Friday crude for February delivery was up 29 cents, 0.3%, to settle at $99.65 a barrel on the New York Mercantile Exchange after it fell to $98.30 earlier. Prices shed nearly 2% on Wednesday, a...

Fire put out on Russian nuclear submarine
Friday, 30 December 2011 13:42

Seven crew sent to hospital while others remained on the Yekaterinburg in Arctic shipyard during blaze

A massive fire was put out on a docked Russian nuclear submarine outside the north-western city of Murmansk as some crew members remained inside, officials said.

Military prosecutors have launched an investigation into whether safety regulations...

Russian service sector confidence slump
Friday, 30 December 2011 09:59

Russia´s service sector down in December

The service sector in Russia slowed down in December, and the industry’s expectations are at their lowest since the end of 2008.

The HSBC Services PMI eased in December, as its key Index of Services Business Activity was down to 53.8 points from 54.8 in November – the lowest during the last 4 months. The f...

Russia exposes true colors of the West
Friday, 30 December 2011 09:51
For the first time in many years, Russia's Foreign Ministry published a large report about the state of affairs in the field of human rights in the USA, Canada, EU, NATO members and Georgia. The document is not flawless, but it clearly shows that democracy in the West is not as perfect as it is painted....
Market Buzz: Rouble falls as Russians fly
Friday, 30 December 2011 06:44

RIA Novosti / Vadim Zhernov

A “moderately positive” Thursday trading session on Russian markets is expected to slowly move into Friday, as investors are leaving the floor for the New Year holidays.

The MICEX closed in the black on Thursday, gaining 0.29% to reach 1,387.6. The RTS, however, fell 1.27% to 1,364.64, as the Rouble lost more than 50...

Moscow protest for jailed activist passes off peacefully
Thursday, 29 December 2011 19:50

Hundreds of protesters gather in Pushkin Square to demonstrate against detention of leftist opposition leader Sergei Udaltsov

A protest gathering in central Moscow passed off peacefully and with lower-than-expected numbers, a sign that political passions are perhaps cooling as Russia approaches its 10-day new year holiday.

More than 2,000 people had...

Russian manufacturing optimism falters in December
Thursday, 29 December 2011 10:55

Russia´s manufacturing down in December

Russia’s manufacturing slowed down in December, with the overall 2011 performance remaining flat.

A barometer of Russian manufacturing industry – the HSBC Purchasing Manager Index (PMI) – stood at 51.6 points in December, down from 52.6 a month ago. The December reading was also below its historic average of 52...

Market Buzz: Russian stocks to remain flat
Thursday, 29 December 2011 06:42

Russian stocks to remain flat

The Russian market is expected to trade flat until the end of the year as the liquidity level remains low.

­“I suppose a sideways trend in the conditions of low liquidity and volatility will continue until the end of the year and during the first trade sessions of 2012,” says Vitaliy Mikhalchuk from Investcafe.


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