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US Escalates Iran Pressure, Targets Russia’s VTB Over Sanctions Evasion
The US has imposed fresh sanctions on Russia’s VTB Bank, accusing it of helping Iran evade sanctions by dealing with sanctioned Iranian banks. Washington also warned foreign financial institutions to sever ties with VTB.
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Russian Bank Opens Special "Vostro" Account In Indian Branch
Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
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Offer for Italian Steelmaker Lucchini Below $100 Million: JSW
JSW Steel has offered less than $100 million (Rs 600 crore at 1 dollar = 60 rupees) for troubled Italian steelmaker Lucchini's core assets in Piombino and will not take on any of the company's debt, JSW chairman Sajjan Jindal said on Monday.
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Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
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Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
Oil Sinks to Lowest Since June 2013 as Supply Risks Ease
Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.
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Gold holds near two-week high
Gold steadied near two-week highs on Wednesday and was set for its second successive weekly gain.
-
Top Russian banks Say Exporters Can Now Get Trapped Funds From India
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
-
Russian Bank Opens Special "Vostro" Account In Indian Branch
Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
-
Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
Zee Entertainment Reveals That 90% Of Promoter Stake Is Pledged
Over 90 % of promoter stake in Zee Entertainment Enterprises has been pledged to raise debt, the company said in an analyst call.
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Retail Titan Loses $10 Billion But at Least He Still Has Soccer
Sergey Galitskiy’s fortune now stands at $4.1 billion, a drop of about 70 percent from four years ago.
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ArcelorMittal Picked As Winning Bidder For Essar Steel
Essar Steel’s Committee of Creditors picks ArcelorMittal as H1 or preferred bidder. But price negotiations remain.
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India’s Bankruptcy Auction That Wasn’t, Perhaps
Essar Steel’s debts may be settled before it’s sold.
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Sanctioned Kremlin Banker Apologizes for Calling Johnson a ‘Freak’
Russia’s second-largest bank chief apologizes for calling Boris Johnson a “freak” in remarks to university students in Moscow.
-
US Escalates Iran Pressure, Targets Russia’s VTB Over Sanctions Evasion
The US has imposed fresh sanctions on Russia’s VTB Bank, accusing it of helping Iran evade sanctions by dealing with sanctioned Iranian banks. Washington also warned foreign financial institutions to sever ties with VTB.
-
Russian Bank Opens Special "Vostro" Account In Indian Branch
Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
-
Offer for Italian Steelmaker Lucchini Below $100 Million: JSW
JSW Steel has offered less than $100 million (Rs 600 crore at 1 dollar = 60 rupees) for troubled Italian steelmaker Lucchini's core assets in Piombino and will not take on any of the company's debt, JSW chairman Sajjan Jindal said on Monday.
-
Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
Oil Sinks to Lowest Since June 2013 as Supply Risks Ease
Oil fell below $102 a barrel to its lowest in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies.
-
Gold holds near two-week high
Gold steadied near two-week highs on Wednesday and was set for its second successive weekly gain.
-
Top Russian banks Say Exporters Can Now Get Trapped Funds From India
Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively trapped in India due to Western sanctions.
-
Russian Bank Opens Special "Vostro" Account In Indian Branch
Russia's No.2 lender VTB on Wednesday said it had opened a special "vostro" account at its Indian branch that would allow for the more active use of Indian rupees in payments under import and export contracts between Russia and India.
-
Russia's VTB Launches Transfers In Chinese Yuan Bypassing SWIFT
VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
-
Zee Entertainment Reveals That 90% Of Promoter Stake Is Pledged
Over 90 % of promoter stake in Zee Entertainment Enterprises has been pledged to raise debt, the company said in an analyst call.
-
Retail Titan Loses $10 Billion But at Least He Still Has Soccer
Sergey Galitskiy’s fortune now stands at $4.1 billion, a drop of about 70 percent from four years ago.
-
ArcelorMittal Picked As Winning Bidder For Essar Steel
Essar Steel’s Committee of Creditors picks ArcelorMittal as H1 or preferred bidder. But price negotiations remain.
-
India’s Bankruptcy Auction That Wasn’t, Perhaps
Essar Steel’s debts may be settled before it’s sold.
-
Sanctioned Kremlin Banker Apologizes for Calling Johnson a ‘Freak’
Russia’s second-largest bank chief apologizes for calling Boris Johnson a “freak” in remarks to university students in Moscow.
