Bloomberg News

RUSSIA DAYBOOK: Norilsk Buyback Results, Deripaska, Etalon Sales

By Ilya Khrennikov
October 31, 2011

Oct. 31 (Bloomberg) -- Billionaire Oleg Deripaska’s Basic Element plans to sign an agreement with China’s Changi Airports. OAO GMK Norilsk Nickel may report the results of its buyback program. Etalon Group reports third-quarter operating results.

ALL TIMES +4 GMT

WHAT TO WATCH: *Presidential adviser Arkady Dvorkovich speaks on the economy and this week’s Group of 20 meeting at 10 a.m. *Foreign Affairs Minister Sergei Lavrov meets his Belarus counterpart. *Deripaska’s Basic Element signs an agreement with Changi Airports and OAO Sberbank at 12 p.m. *Communist leader Gennady Zyuganov holds a briefing at 12 p.m. *The lower house of parliament holds a discussion on macroeconomic and financial challenges in the fourth quarter of 2011 and first quarter of 2012 at 2 p.m.

EQUITY MOVERS: *Etalon Group Ltd. plans to publish third-quarter operating results after 11 a.m. *Norilsk Nickel, Russia’s largest mining company, may announce

MARKETS: *The 30-stock Micex Index rose 0.1 percent to 1,526.57, and the dollar-denominated RTS Index added 1.1 percent to 1,610.32. *Russia’s benchmark 2018 ruble Eurobond was little changed with the yield rising one basis point to 7.031. *The ruble strengthened 0.9 percent versus the dollar to 29.6950 and 0.6 percent versus the euro to 42.1425. *The MSCI Emerging Markets Index fell 0.7 percent to 1,002.74 at 8:56 a.m. *Crude for December delivery fell 1 percent to $92.37 a barrel on the New York Mercantile Exchange. *Brent crude declined 0.9 percent to $108.97 a barrel on the ICE Futures Europe exchange in London. *Gold for immediate delivery dropped 1.7 percent to $1,713.70 an ounce.

--Editor: Torrey Clark

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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