ROSNEFT & GE COOPERATION
Rosneft and General Electric signed a long-term cooperation program.
The document involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of production facilities.
In particular, Rosneft and GE will continue their cooperation in developing ship-building projects of the Zvezda Shipbuilding Complex in Vladivostok. Cooperation between the companies provides for construction of a plant for ship steerable thrusters manufacturing as well as an enterprise, producing marine electrotechnical equipment.
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U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.