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. Last Updated: 07/27/2016


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Missed Mortgage Payments Up 6-Fold

The number of homeowners missing payments on their mortgages more than sextupled in the first nine months of this year, the Central Bank said Wednesday, in a first indication of how badly the crisis was battering the mortgage market.

Sechin Sends OPEC Weak Signal

He says low prices will mean lower output but doesn’t offer concrete backing for the cartel’s record production cut.

Kremlin Avoids $4M Claim

The Kremlin on Wednesday managed to avoid paying some $4 million to a German businessman who is seeking to confiscate government property as compensation for a company he lost in St. Petersburg in the 1990s.

Caspian Pipeline to Double Capacity

Shareholders in the Caspian Pipeline Consortium agreed Wednesday on plans to double the line's capacity.

Ruble Allowed Its Biggest Drop in 3 Months

The Central Bank allowed a devaluation of the ruble for the second time this week on Wednesday, allowing it to lose almost 1.4 percent of its value against the currency basket, its biggest devaluation in three months.

KamAZ to Shut Plant For Month

Combined Reports
Truck maker KamAZ, in which Germany's Daimler took a 10 percent stake last week, said Wednesday that it would halt assembly lines from Friday until Jan. 19.

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