Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

RUSSIA DAYBOOK: Putin at Sochi Forum; EDF, BASF in South Stream

Don't Miss Out —
Follow us on:

Sept. 16 (Bloomberg) -- Prime Minister Vladimir Putin is scheduled to speak at the Sochi Economic Forum in southern Russia. OAO Gazprom plans to add Electricite de France SA and BASF SE as partners on the South Stream gas pipeline project.

ALL TIMES +4 GMT

WHAT TO WATCH: *Putin speaks at the Sochi Investment Forum at 1:00 p.m. *President Dmitry Medvedev may meet the Security Council. *The Federal Statistics Service may report retail sales, wages, unemployment and producer prices. *Alfa Bank is scheduled to hold a conference on the agriculture industry.

EQUITY MOVERS: *OAO Russian Sea is scheduled to report first-half earnings. *Gazprom is set to sign an agreement bringing EDF and BASF into the South Stream gas link project as partners, each with 15 percent stakes. Eni SpA’s share will fall to 20 percent, while Gazprom will continue to hold 50 percent. *Crude oil climbed and gold fell yesterday following the European Central Bank’s announcement that it will lend euro-area banks dollars to help rein in the regional credit crisis.

MARKETS: *The 30-stock Micex Index rose for a third day in a row, adding 1.4 percent to 1,525.28. The dollar-denominated RTS Index added 2.1 percent to 1,603.39. *Russia’s benchmark 2018 ruble Eurobond fell, pushing the yield up eight basis points to 7.088 percent. *The Russian currency strengthened 0.2 percent to 30.3975 rubles per dollar and weakened 1 percent versus the euro to 42.1000. *The MSCI Emerging Markets Index rose 1.7 percent to 980.39 at 8:54 a.m. *Crude for October delivery rose 0.2 percent to $89.56 a barrel on the New York Mercantile Exchange *Brent crude for November delivery rose 0.5 percent to $112.82 a barrel in London. *Gold for immediate delivery dropped 1.3 percent to $1,766.30 an ounce.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.