Articles by Douglas Busvine



Russian Railways' Family Connections

  • 30 July 12
  • Reuters
To get an idea of how parts of Russia's economy still resemble the Soviet Union, take a look at Russian Railways.

Welfare the Big National Idea for Medvedev

  • 18 January 08
  • Reuters
After a decade of rapid economic growth fired by the animal spirits of unfettered capitalism, Russia isn't about to turn back into a Soviet-style cradle-to-grave welfare state.

Prokhorov Strikes a Deal With RusAl

  • 26 November 07
  • Reuters
Under the deal, Deripaska would get Prokhorov's blocking stake in Norilsk if Potanin does not buy it.

Prokhorov Strikes a Deal With RusAl

  • 26 November 07
  • Reuters
Under the deal, Deripaska would get Prokhorov's blocking stake in Norilsk if Potanin does not buy it.

Gazprom, TNK-BP Seen in Asset Swap

  • 12 November 07
  • Reuters
As Gazprom eyes a stake in TNK-BP, a transaction involving an asset swap looks more likely than an all-cash deal, people familiar with the matter say.

Suburbs Seen as the City's Way Forward

  • 06 November 07
  • Reuters
If you are a real estate developer operating in Moscow's red-hot market, you had better have a full land bank, says Denis Davidko, first deputy general director and chief financial officer of Open Investments.

Delta to Raise $550M For New Equity Fund

  • 27 August 07
  • Reuters
Delta Private Equity Partners is looking to raise $550 million for a private equity fund targeting the financial services, consumer and technology sectors, a source familiar with the matter said.

RusAl Sounding Out Banks for $9Bln IPO

  • 06 July 07
  • Reuters
United Company RusAl, the world's top aluminum producer, is sounding out banks about a possible flotation that could raise as much as $9 billion, people familiar with the situation said Thursday.

VTB Shares Surge as Its IPO Raises $8Bln

  • 14 May 07
  • Reuters
No. 2 bank VTB raised $8 billion on Friday in the world's largest stock market float of 2007, and its shares rose by up to 11 percent in initial trading as investors piled into the stock.

Drug Maker to Float 40% Stake in IPO

  • 12 April 07
  • Reuters
Pharmstandard's share offering in London will make it the first Russian pharmaceuticals company to list abroad.

X5 Issue Could Finance Acquisitions

  • 02 April 07
  • Reuters
The leading food retailer is considering a share issue of $1 billion to $2 billion, CEO Lev Khasis says.

Prokhorov Quits as Norilsk Nickel CEO

  • 16 March 07
  • Reuters
Mikhail Prokhorov is stepping down early as CEO of Norilsk Nickel to focus on energy projects, the company said Thursday.

Buyers Edgy on Sberbank IPO

  • 14 February 07
  • Reuters
A major rights issue by Sberbank looks set to be priced aggressively but the deal's awkward structure will make its success impossible to judge until the last minute, sources close to the offering said Tuesday.

Sberbank Reiterates Price for Share Float

  • 05 February 07
  • Reuters
Reports of a discount in the share placement had wiped 7 percent off the price before recovering Friday.

Tariko Refuses to Deal With Mortgages

  • 23 January 07
  • Reuters
Vodka-to-banking billionaire Rustam Tariko made a fortune by introducing Russians to consumer credit, helping millions to buy their first television, refrigerator or car.

Troika Is Considering Strategic Alliances, IPO

  • 11 December 06
  • Reuters
Shareholders of Troika Dialog have no immediate plans to sell the brokerage but are considering strategic alliances and a possible stock market listing, company president Ruben Vardanyan said.

Drivers Furious Over Gas Prices

  • 01 December 06
  • Reuters
Although global oil prices have slumped by $15 since July, gasoline prices remain about the same at filling stations in Russia.

Market Split on Sistema Swap

  • 02 November 06
  • Reuters
Sistema's stock falls 1.3 percent after a report that it offered Deutsche Telekom an equity swap.

Productivity Shouldn't Fall Behind Ruble, Gref Says

  • 01 November 06
  • Reuters
A stronger ruble helps the country fight inflation, but its appreciation should not outstrip growth in labor productivity, Economic Development and Trade Minister German Gref said Tuesday.

Central Banker Sees 6.8% GDP

  • 23 October 06
  • Reuters
The economy should grow faster this year than forecast by the government, and inflation now looks on track to remain within the official target range, a senior central banker said Friday.

Kazakh Gas Venture Inches Forward

  • 04 October 06
  • Reuters
Putin and Nazarbayev sign a preliminary deal to jointly process Kazakh gas in Orenburg, but disputes remain over prices.

State Seeks a Bigger Stake in EADS

  • 13 September 06
  • Reuters
The government on Tuesday signaled its intent to become a major player in European aerospace giant EADS, sending the company's battered stock as much as 7 percent higher.

Pyatyorochka Core Profit Up 52%

  • 05 September 06
  • Reuters
Convenience store chain Pyatyorochka on Monday posted a 52 percent rise in first-half core profit and said its recent merger had positioned it for rapid future growth.

Central Bank on the Cusp of Raising Rate

  • 28 August 06
  • Reuters
Ulyukayev forecasts a 0.1 percent drop in consumer prices in August.

Russia Pays Off All Its Soviet-Era Debts

  • 22 August 06
  • Reuters
Vneshekonombank says its early repayment of $22.5 billion ends obligations to Russia's creditor 17 nations.

Medvedev Hopes for Gradual Ruble Rise

  • 24 July 06
  • Reuters
Gradual appreciation by the ruble would be good for the economy but a lurch higher would hurt business, trade and public finances, First Deputy Prime Minister Dmitry Medvedev said.

Ruble Hits 6-Year High Versus Dollar

  • 15 May 06
  • Reuters
The ruble broke through 27 to the dollar on Friday to reach its highest level since January 2000 as the U.S. currency slumped to a one-year low against the euro.

CB Raises Deposit Rates by Half-Point

  • 11 April 06
  • Reuters
The Central Bank on Monday raised its short-term deposit rates by a half percentage point for the second time in a month as it tests the power of interest rates to curb double-digit inflation.

Tensions Brew Over Oil Exports

  • 11 April 06
  • Reuters
Winston Churchill once compared observing a Soviet power struggle to watching two dogs fight under a carpet. Much the same could be said for the latest twist in the tussle for control of Russian oil exports.

Browder Reassures Hermitage Investors

  • 28 March 06
  • Reuters
Hermitage, Russia's largest equity fund, with more than $4 billion under management, said it had received redemption requests totaling 3.4 percent of the fund after news that its manager, William Browder, had been expelled from Russia.