Russian stocks correct downwards
RosBusinessConsulting, Russia -23 hours ago
The Russian stock market saw a downward correction in afternoon trade. Just after 3 pm, the RTS index was down 0.5 percent at 2378.6 points and the MICEX

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Northern Offshore, Ltd. Reports First Quarter 2008 Financial Results
FOXBusiness -2 hours ago
The Energy Exerter completed its contract with Maersk Oil and Gas on April 11, 2008 and is now under contract to a subsidiary of Gazprom and preparing for

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RBC, 28.05.2008, Moscow 11:28:57. Today’s session on the Russian stock market opened with a slight decline in most traded securities. On MICEX, the majority of blue chips edged down 0.5 percent on average, while MTS, Rosneft and Gazprom Neft fell more than 1 percent.

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RBC, 27.05.2008, Moscow 11:46:46. The Russian stock market opened with an average increase of 1 percent in most traded securities. On MICEX, Gazprom, LUKoil, Surgutneftegas, Gazprom Neft, and Rosneft each climbed more than 1 percent. Meanwhile, Severstal is trading below the level of Monday’s close.

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Northern Offshore, Ltd. reported net income for the three months ended March 31, 2008 of US$9.5 million, or US$0.06 per diluted share, compared to net income of US$25.3 million, or US$0.18 per diluted share for the first quarter of 2007.

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(Adds comment from Wintershall spokesman, background on Wintershall’s involvement) FRANKFURT (Thomson Financial) – E.ON AG.’s natural gas unit Ruhrgas will make a final attempt to buy a stake in the western Siberian gas field Yuzhno Russkoye from OAO Gazprom in June, Financial Times Deutschland reported, citing sources at E.ON.

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Digest of headline news from May 27 to 11:15 a.m. Moscow time on May 28 BUSINESS & FINANCE *** PUTIN SUGGESTS TEMPORARILY REDUCING HIGH-QUALITY STEEL IMPORT DUTIES (PART 2) Prime Minister Vladimir Putin has suggested that Russia temporarily reduce import duties on high-quality steel to stimulate Russian automakers.

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MOSCOW (Thomson Financial) – OJSC Rosneft and OAO Gazprom have signed a protocol to share Arctic and Far Eastern offshore oil and gas fields, an unnamed source at a government agency told Interfax.

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Northern Offshore, Ltd. Reports First Quarter 2008 Financial Results
Earthtimes (press release), UK -1 hour ago
The Energy Exerter completed its contract with Maersk Oil and Gas on April 11, 2008 and is now under contract to a subsidiary of Gazprom and preparing for

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Q1 2008 Fomento de Construcciones y Contratas SA (FCC) Earnings
Insurance News Net (press release), PA -1 hour ago
I'm going to be very brief, could you tell us what is the treasury stock position? Can you tell us anything about how you plan to use your treasury stock?

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