Russian oil firm Rosneft won an auction on Tuesday for a block of its shares held by bankrupt oil firm YUKOS after rival bidder TNK-BP dropped out just a shade above the starting price.
State-controlled Rosneft, which has been widely tipped to take over the bulk of YUKOS’s assets, paid 197.84 billion roubles (3.87 billion pounds) […]
The public auction to sell the 25.03 percent stake held by RAO “UES of Russia” (RTS: EEST/EESRP, EESRG/EESRPG; MICEX: EESR/EESRP; LSE: UESD; FSE: UES; US OTC: USERY/ USEPY) in OAO “WGC-5″* will be held on 6 June 2007. Bids will be accepted from 27 March through 28 May 2007.
The reserve price is equal to […]
The $22bn (£11bn) auction of the assets of the bankrupt oil firm Yukos is due to begin in Russia.
First under the hammer will be a 9.4% stake in the state-controlled oil company Rosneft and debts owed by the former oil production unit of Yukos.
The starting price for the assets will be 195.5bn roubles ($7.5bn; £3.8bn).
The […]
Morgan Stanley is in the process of holding an auction for $2.48 billion in mortgages from subprime lender New Century Financial, The New York Post reported Monday.
The loans represent the collateral given to Morgan Stanley for a $2.5 billion credit line the firm extended to New Century Financial.
As New Century, of Irvine, Calif., sank deeper […]
The Federal Communications Commission is looking into the business practices of broadband service providers. The inquiry is aimed to study how internet providers do business and if needed adopt regulations that ensure all internet traffic is equal in price and offerings as well as business-to-business dealings.
The announcement from the FCC outlines the study with four […]
One in 10 Internet users fell victim to online fraud last year, losing an average of 875 pounds each, according to a survey on Monday.
Many failed to take basic steps to protect themselves online and fewer than half felt they were wholly responsible for their safety while using the Internet.
Six percent had suffered fraud while […]
BP’S Russian joint venture, TNK-BP, plans a surprise bid for a stake of almost 10 per cent in Russia’s second biggest oil major, state-controlled Rosneft.
The 9.44 per cent Rosneft stake formerly belonged to Yukos, a comp
any owned by Mikhail Khodorkovsky, the jailed oligarch and opponent of Russian President Vladimir Putin.
Yukos was forced into bankruptcy by […]
Russian state-controlled oil firm Rosneft may put shares back on the market to increase its free float if it wins an auction for a block of its equity next week, a company official said.
The 9.44 percent stake in Rosneft is held by bankrupt oil firm YUKOS and is going under the hammer to pay off […]
RBI today conducted an auction to sell 91-dayT-bills. At a multiple price-based auction, RBI received 118 bids worth Rs 50.35 billion for the papers. Out of them, only 18 competitive bids were accepted worth Rs 8.21 billion. However, the notified amount for the auction was Rs 20 billion, out of which Rs 15 billion were […]
eBay online payment system, PayPal, now has nearly 35 million accounts in Europe, about a quarter of the service’s worldwide total. Forrester Research also says that 23% of Europeans prefer PayPal to credit cards or alternate ways of making payments online.
PayPal is looking more and more like the future driver of the company’s earnings. eBay’s […]
