Deals of the day — mergers and acquisitions
Alibaba News Channel, NEW YORK
Russian state banks will help Gazprom raise over $4 billion to buy back a stake in its oil arm from Italy's Eni to avoid the asset ending up in foreign hands, industry sources said. ** Italy's government investment arm Cassa Depositi e Prestiti will

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* Company has until May 15 to repay bridge loan

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MOSCOW. March 25 (Interfax) – The Russian Stock Market hit its highest rates since October of last year on Wednesday following the release of strong U.S. economic stats.

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March 25 (Bloomberg) — Russian stocks including OAO Gazprom , OAO Lukoil and OAO Sberbank will extend gains as oil, commodity prices and the ruble recover, according to the co- manager of the $110 million Hexam Global Emerging Markets fund.

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RBC, 25.03.2009, Moscow 19:17:08. Russian stocks closed upwards, with the Micex index rising 4.36 percent to 851.35 points, and the RTS index finishing at 740.94 points, 2.67 percent above yesterday’s closing. The trading volume reached RUB 63.46bn (approx.

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Digest of headline news as of 2:00 p.m. Moscow time on March 26: BUSINESS & FINANCE *** RUSSIAN INTERNATIONAL RESERVES GROW $9.2 BLN IN WEEK Russia’s international reserves grew $9.2 billion to $385.3 billion as of March 20, from $376.1 billion on March 13, the Central Bank said.

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Russia, Eastern Europe funds seen recovering
Korea Herald (subscription), South Korea
Half of the country's stock market is made up of oil and gas stocks, and natural-gas giant Gazprom accounts for a whopping 26 percent. Specialists, however, advised not to rush in yet, as Eastern European economies are expected to further shrink this

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March 25 (Bloomberg) — Emerging-market stocks rose, with the global benchmark index poised for the biggest monthly gain since 1989, after the International Monetary Fund said it will double credit limits for developing nations and investors speculated the U.S. economy is stabilizing.

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DIARY – Turkey – to May 20, 2009
Reuters
*BARTIN, Turkey – Main opposition Republican People's Party leader Deniz Baykal speaks at rallies in Black Sea towns of Bartin and Zonguldak (1100/1300) *ANKARA – Energy Minister Hilmi Guler to meet Gazprom (GAZP.MM) Chairman Alexei Miller (1330).

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Russian stock market continues to climb
Onet.pl, Poland
The Russian stock market continued to climb Thursday on the back of gold trends in the international stock and commodity markets. Benchmark stocks rose 0.8%-3.4% and the MICEX stock index was up 1.1% to 860.38 in the first minute of trading. Gazprom
Gazprom to buy out Italian stake in Gazprom Neft – paperRIA Novosti
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