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Following the international financial meltdown, the stocks of leading Russian companies suffered massive drops in value. The Russian government reacted by extending a loan of up to 950 billion rubles to major banks. Will it help? What awaits the Russian economy in the near future? To answer these questions, our guest today is Sergey Aleksashenko, a top banker and former Deputy Finance Minister.
| New Abu Dhabi mortgage provider established by Emirate's major investment, real estate and finance companies (AME Info) Five of Abu Dhabi's major investment, real estate and finance companies has recently announced the launch of Abu Dhabi Finance, a new mortgage provider established to serve the Emirate's burgeoning real estate market and consumer demand for mortgage finance. |
| pharmaceutical companies Drug firms warned over geneeric exclusion 28/11 20:22 CET (Euronews) A bitter pill for consumers and governments? Europe?s competition authority says major pharmaceutical companies are keeping cheaper generic medicines out of the market. This pushes up bills for individuals and taxpayer-funded health systems covering prescription drug costs. |
| EU accuses drug companies of gouging consumers (International Herald Tribune) The Competition Commissioner, Neelie Kroes, said pharmaceutical companies raised costs for patients by billions of euros by delaying or blocking cheaper, generic medicines. |
| Canadian companies still face pension uncertainty despite federal government moves (The Canadian Press via Yahoo! Canada News) TORONTO - While Canadian companies with federally regulated pension plans could get a bit of relief from a move by the Conservative government to extend payment plan deadlines, the issue is far from settled. |
| EU accuses drugmakers of blocking cheaper generics (Reuters via Yahoo! News) Major drug companies are delaying or blocking the entry of cheaper generic medicines, pushing up bills for taxpayers and reducing the incentive for innovation, the European Commission said on Friday. |
