MOSCOW. May 26 (Interfax) – The Russian stock market saw a downward correction on Tuesday due to poor trends on global markets, a drop in oil prices and the strengthening of the dollar, although the release of better-than-expected statistics on U.S. consumer confidence in the evening softened the blow to some degree.

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A look at economic developments and stock market activity around the world Tuesday: ___ SHANGHAI _ China said it may encourage private investment in state-controlled industries such as railways, oil and power generation in an effort to boost the efficiency of… Related: China – Stock market – Business – Economy – Investing

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A look at economic developments and stock market activity around the world Tuesday:

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Telegraph.co.uk
Intrigued Gazprom eyes £1.9bn Sibir takeover
Daily Mail, UK
By Daily Mail Reporter Sibir Energy could be taken over by the oil wing of Russia's Gazprom in a deal worth £1.9billion. OAO Gazprom Neft yesterday offered to buy the stock of minority shareholders in AIM-listed Sibir Energy at a price of 500p a share.
Gazprom Neft makes offer for Sibir stakeTimes Online
So long, Sibir: Neil Collinsguardian.co.uk
Sibir Energy gives green light to Gazprom Neft takeover bidThe Herald
The Moscow Times - Commodity Online
all 72 news articles

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The board of Sibir Energy, the Russian oil producer founded by Aberdeen lawyer Henry Cameron, said yesterday that it has approved a takeover offer from OAO Gazprom Neft, the Russian petroleum group, at 500p a share in cash.

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Interactive Investor
Markets: FTSE 100 stages recovery
Interactive Investor, UK
US behemoths Walmart, AT&T and Microsoft, Russia's Gazprom and Anglo-Dutch oil giant Shell complete the list. 13:29 – Equitable Life Members Action Group has been given the go-ahead to take the Government to the High Court over its failure to pay full

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WhisperfromWallStreet.com Today's Stock Promotions- OAO
TransWorldNews (press release), GA
Download it FREE at WhisperfromWallStreet.com Russian natural gas monopoly OAO Gazprom (GAZP.RS) Deputy Chairman Alexander Medvedev said he Tuesday he doesn't expect the recession will result in a considerable decline in gas demand in Europe.
WhisperfromWallStreet.com Today's Stock Promotions- WOODSIDETransWorldNews (press release)
all 3 news articles

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Interactive Investor
Markets: FTSE 100 down on North Korea
Interactive Investor, UK
US behemoths Walmart, AT&T and Microsoft, Russia's Gazprom and Anglo-Dutch oil giant Shell complete the list. 13:29 – Equitable Life Members Action Group has been given the go-ahead to take the Government to the High Court over its failure to pay full

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Proactive Investors UK
Gazprom Neft makes offer for Sibir stake
Times Online, UK
Gazprom Neft, the oil division of the Russian group Gazprom, has edged closer to owning Sibir, the AIM-listed oil company embroiled in allegations about loans to one of its biggest shareholders. Sibir announced this morning that Gazprom Neft has
Gazprom Neft Seeks 30% Stake in SibirThe Moscow Times
Gazprom-Neft gains on Sibir stake riseCommodity Online
all 37 news articles

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Tuesday's news and tips
Investors Chronicle, UK
Russian oil company Gazprom Neft has launched a recommended cash offer for Sibir Energy pitched at 500p a share. ■ Hard times are driving people towards pawnbroker Albemarle & Bond with results for the year to June now predicted to be "significantly

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