Russia’s battered stock exchanges resumed trading Tuesday after a one-day suspension, following assurances that a wide range of companies would benefit from a government rescue package.

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Oct. 28 (Bloomberg) — Russia’s Micex Index erased earlier losses, led by OAO Gazprom Neft after the company reported an increase in third-quarter profit.

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Depending on one’s point of view, today’s stock prices could be said to imply crude oil at USD 49 (now USD 64) a barrel, gold at USD 480 (USD 742) an ounce, copper at USD 1.35 (USD 1.84) a pound, platinum at USD 676 (USD 802) an ounce, and uranium at USD 19 (USD 45) a pound.

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MOSCOW. Oct 28 (Interfax) – The Russian stock market, which demonstrated various quotations in benchmark stocks in the morning, has hit a plus on Tuesday following the uplift of world stock markets and oil prices.

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RBC, 28.10.2008, Moscow 19:27:30. Trading on the Russian stock market ended on a considerably higher note, with the RTS index advancing 4.7 percent to 575.64 points and the MICEX rising 4.14 percent to 534.87 points.

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Oct. 28 (Bloomberg) — Russian stocks climbed for the first time in a week as investors looked for bargains worldwide, while Porsche SE’s decision to boost its Volkswagen AG stake raised speculation the global equities selloff may abate.

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Resources stocks shed $3,4trn in market value Moneyweb, South Africa -7 hours ago Gazprom, the world's biggest natural gas entity, is currently trading 81% off its highs. Seen across the broader resources universe, however, …

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Eni CEO says Gazprom aims to buy Gazpromneft stake Reuters -4 hours ago LONDON, Oct 28 (Reuters) – Russian gas export monopoly Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) has signalled it will exercise its option to … Gazprom doesn't need loans for investments-paperReuters Vostok Gas fund sells Gazprom ADRs for 3rd weekReuters UPDATE 1-Exmar Q3 oper profit flat, puts LPG JV on holdReuters Reuters all 15 news articles

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Will Halting Trade Help? Neftegaz.RU, Russia -13 hours ago Gazprom shed 21.62 percent, and Rosneft lost 18.18 percent. Traders are used to regular trading suspensions. RBC reported that some of them even suggest …

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The Financial Crisis in Russia Stratfor (subscription) -3 hours ago The bond yield of Russia’s largest company, natural gas behemoth Gazprom — which is also the single greatest source of Russian total external debt — has …

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