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Stock Market & Financial Investment News

News Breaks
January 18, 2012
08:18 EDTOGZPY, EONGY, RWEOYGazprom lowers gas prices as position weakens, Bloomberg reports
Russia's OAO Gazprom's (OGZPY) decision to reduce prices for five customers indicates a weakening position for Russia in Europe’s gas market as energy demand slows, reports Bloomberg. The EU buys about 25% of its gas from Russia, usually on fixed-term contracts tied to the price of oil. Reference Link
News For OGZPY;EONGY;RWEOY From The Last 14 Days
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July 23, 2014
06:36 EDTOGZPYEU fails to impose tough sanctions on Russia, NY Times says
EU foreign ministers failed to impose any tough sanctions against Russia during a meeting of the bloc's foreign ministers yesterday, according to The New York Times. Given their dependence on Russia's energy, EU countries have "largely decided" they "have to live with" Russia, the newspaper stated. Significant Russian companies include Gazprom (OGZPY), Lukoil (LUKOY) and Yandex (YNDX), while BP (BP) has a 20% stake in major Russian energy company Rosneft. Reference Link
July 22, 2014
06:29 EDTOGZPYEU weighing new sanctions on Russia, NY Times says
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July 18, 2014
06:33 EDTOGZPYChinese helping Russia blunt sanctions' impact, NY Times says
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