10:30Uralkali fixes prices for Russian farmers
Uralkali's fixed prices for Russian agrarian producers are unlikely to seriously impair the company's revenues, as only a small fraction of the company's products are to be sold at such prices. In the meantime, the fixed prices may minimize the likelihood of claims against the company on the part of regulatory bodies.
Uralkali Common shares:
Price: $1,43 Preferred shares:
10:29Rostelecom reports 1H 2008 financial results: stagnation of revenues
The Rostelecom phone operator released its 1H 2008 financials audited to RAS, which generally coincided with expectations. The company has continued to lose its market share both on revenues and phone traffic. At the same time, the company has managed to widen its OIBDA margin by an impressive 4%.