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Archive for August 23rd, 2009

Conference on-line: The Russian stock market: in anticipation of the second wave

Sunday, August 23, 2009 15:21

Ladies and gentlemen! On Monday at 13:00 Moscow time on our web site will begin conference on: The Russian stock market: in anticipation of the second wave of . Despite the contradictory macroeconomic statistics, the mood in global stock sites are now more optimistic than half a year ago. The Russian market is no exception. However, there remain concerns that the second wave of the crisis all the same will. And it is waiting for the fall of this unpleasant surprise. Last September, all remember the Western asset funds, and what will mark the first month of autumn this year? What factors will influence the market in the first place? How serious could be falling, or rather, continue to rise? What action will be leaders if they continue the positive trends? And what of paper in case the market does not fall heavily disappointed investors? How great is interest in Russian equities by foreign investors? Conference participants: Cyril Tremasov , Director of Analytical Department, Bank of Moscow Oleg Solomin , the chief of analytical management Bank Petrocommerce Igor Rubin , Managing Director of the Department of Operations in the stock market IFK Metropol Ivan Ilyushin , Head of Analytical Research VTB Asset Management Alexander Laputin , Head of the Investment Consulting FK Opening Vladimir Sergievskaya , an analyst, strategist IC FINAM Alexander Potavin , the chief analyst of the company ITinvest Ask questions to experts, you can now!

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Greed OPEC marks the end of the oil era

Sunday, August 23, 2009 9:31

His greed OPEC brings an end to the oil era, argues in the pages of The Times, former Chief Economist editor Bill Emmott. If the miners will keep prices high even with low demand, the world is remarkably quick break itself from fossil fuels, - he writes. It is striking that at the moment, after a major financial turmoil, the price of barrel of oil is nearly $ 70 - seven times higher than twelve years ago, and twice in March of this year. Meanwhile, an estimated Banc of America Securities-Merrill Lynch, in the second quarter of 2009, world oil demand was for 3 million barrels a day lower than at the beginning of 2008. Rising oil prices and gasoline, potentially dangerous for the economic recovery is due to the actions of suppliers, the author. The reason is not in the depletion of oil reserves on the planet, and underfunding of fields and production facilities. OPEC reduced production by nearly 5 million barrels per day in order to keep prices high. A similar policy, and Russia is not part of OPEC. And if at the beginning of this decade, Saudi Arabia considered an ideal price of 20-25 dollars per barrel of oil, it is now - 70-75 dollars.

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