* Russia to add more FX to National Wealth Fund, now at
MOSCOW Stress tests of the eight largest brokerage companies in Russia have proved their resilience to possible shocks, although many smaller players are struggling to survive, a central bank official told Reuters.
VERONA/MOSCOW Russia's largest oil company Rosneft has fully switched the currency of its contracts to euros from U.S. dollars in a move to shield its transactions from U.S. sanctions, its Chief Executive Igor Sechin said on Thursday.
MOSCOW The Moscow Exchange plans to channel all of its free cash flow into dividends and will also raise a dividend payout floor to 60% from 55% of net profit under a new dividend policy announced on Tuesday.
MOSCOW The Russian central bank sent a clear signal on Monday that it would cut interest rates soon, saying that expected monetary easing by the U.S. Federal Reserve should justify rate cuts in Russia.
MOSCOW, Aug 15 Russia's largest lender Sberbank
sold a large amount of foreign currency for roubles on
the market in early August when it converted proceeds from
selling its Turkish business, DenizBank, three financial market
sources said on Thursday.
MOSCOW President Vladimir Putin has given officials until the end of August to make proposals on how Russia should assess commercial borrowers' risks under new international rules that the domestic banking sector plans to adopt, Economy Minister Maxim Oreshkin said.
MOSCOW Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries. She now owes the equivalent of at least four years of earnings, one of a growing number of Russians struggling with debt.
MOSCOW Russia's top gas producer Gazprom and a raft of other major firms have added to calls for the banking sector to use domestic ratings in implementing new financial regulations, saying this would ease pressure on banks and cut lending rates.
MOSCOW The Russian central bank is expected to cut its key interest rate on Friday after its policymakers indicated that rate cuts were looming amid slowing inflation and sluggish economic growth, a Reuters poll showed on Monday.