Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-04-25 20:05:00

USA VS RUSSIA: STAY CLEAR

USA VS RUSSIA: STAY CLEAR

Citigroup said its chief executive Mike Corbat had withdrawn from an investment summit hosted by Russian President Vladimir Putin as other US chiefs look to avoid the conference.

People familiar with the matter said Lloyd Blankfein, chief executive of Goldman Sachs, and other CEOs were likely to delegate to more junior colleagues at the high-profile investment forum in St Petersburg on May 22 as political tensions grow between the US and Russia.

Some US bankers may decide definitively at the last minute depending on the political environment, the people said. Citigroup said in a statement on Thursday that Mr Corbat would not be able to attend the conference but "will have several representatives at the forum".

Mr Corbat and Mr Blankfein are listed as confirmed participants along with others including James Gorman, chief executive of Morgan Stanley, and Indra Nooyi, chief executive of PepsiCo.

Companies are liaising to try to work out how to avoid offending either the Russian or US governments, according to people familiar with the matter.

The moves come as secretary of state John Kerry on Thursday launched a scathing attack on Russia's activities in eastern Ukraine, accusing it of "gross intimidation".

Political tensions between Russia and the west have reverberated in the financial markets and have strained international banking relationships.

Sumitomo Mitsui Banking Corporation and Bank of Tokyo-Mitsubishi UFJ, two of Japan's largest banks, have stepped back from Russia in recent weeks, bankers and executives told the Financial Times this month.

Russian banks have responded. VTB Capital, the state-controlled Russian bank, cancelled its New York investment conference scheduled for earlier this month and, separately, has also cut staff in the US.

The major international oil companies are also well represented, including by Ben van Beurden, chief executive of Royal Dutch Shell, Bob Dudley, chief executive of BP and Christophe de Margerie, chairman of Total.

Last year's St Petersburg international economic forum received delegates from 81 countries and resulted in contracts worth about $294bn being signed, according to the conference website. More than 1,000 journalists are said to have attended.

Charlie Scharf, chief executive of Visa, who is also listed as a confirmed participant at St Petersburg, said on Thursday that the payment processor had noticed a significant decline in cross-border volumes in Russia and Ukraine, with sanctions likely to further affect volumes.

"We are caught between the politics of the US and the politics of Russia," he said as Visa reported first-quarter earnings.

ft.com

 

 

Tags: US, RUSSIA, SHELL, BP, TOTAL
USA VS RUSSIA: STAY CLEAR November, 14, 12:25:00

OIL PRICE: NEAR $65

USA VS RUSSIA: STAY CLEAR November, 14, 12:15:00

OIL MARKET UNCERTAINTY

USA VS RUSSIA: STAY CLEAR November, 14, 12:10:00

NATURAL GAS: THE SECOND

USA VS RUSSIA: STAY CLEAR November, 14, 12:05:00

CHINA: THE WORLD'S TOP

USA VS RUSSIA: STAY CLEAR November, 14, 12:00:00

U.S. PRODUCTION: OIL + 113 TBD, GAS + 1,038 MCFD

USA VS RUSSIA: STAY CLEAR November, 14, 11:55:00

NUCLEAR NEEDS INVESTMENT

All Publications »

Chronicle:

USA VS RUSSIA: STAY CLEAR
2018, November, 14, 11:50:00

NUCLEAR POWER CHANGING

WNN - The search for solutions to climate change must include discussion of nuclear power, Scott Foster, director of the Sustainable Energy Division of UNECE, told

USA VS RUSSIA: STAY CLEAR
2018, November, 14, 11:45:00

U.S. NUCLEAR CAPEX DOWN 40.8%

WNN - in 2017 the average total generating cost - which includes capital, fuel and operating costs - for nuclear energy was USD33.50 per megawatt-hour (MWh).

USA VS RUSSIA: STAY CLEAR
2018, November, 14, 11:40:00

LUKOIL PRODUCTION 2.3 MBD

LUKOIL - For the first nine months of 2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2 project was 2,301 thousand boe per day, which is 3.7% higher year-on-year.

USA VS RUSSIA: STAY CLEAR
2018, November, 14, 11:35:00

BHGE, GE MAXIMIZES VALUE

GE - Baker Hughes, a GE company and General Electric Company Announce a Series of Long-Term Agreements to Maximize Value for Both BHGE and GE

All Publications »