Source Pravda.Ru

Stora Enso 4Q income falls

By Anastasia Tomazhenkova: A Finnish-Swedish pulp and paper manufacturer Stora Enso Oyj posted a bigger-than-expected fourth-quarter loss on rising wood prices and costs to close mills.

The net loss in three months through December was 50.8 million euros (73.8 million dollars), compared with a profit of 302 million euros a year earlier, the Finnish-Swedish paper maker said Wednesday. Revenue grew slightly to 3.37 billion euros (4.9 billion dollars), from 3.32 billion euros in the same period in 2006.

The company's shares fell 1% to 8.71 euros (12.66 dollars) in morning trading in Helsinki.

International scandal: Ukrainian National Bank steals allocated funds

Authorities of the Ukrainian National Bank will be checked for possible involvement in embezzlement of means which were allocated for refunding of a number of commercial banks. It was reported Sunday by Head of the Ukrainian National Anti-corruption Bureau Artem Sytnyk.

About 1,600 PMC Wagner fighters leave Libya in unknown direction

About 1,600 fighters of private military company (PMC) Wagner left the war zone in western Libya, Anadolu agency reports with reference to Mohammed Kununu, a representative of Libyan government forces.

According to him, PMC employees involved in the Libyan conflict on the side of Field Marshal Khalifa Haftar departed from Beni Walid airport near Tripoli on board two military transport aircraft. Their destination remains unknown.

India buys 48 Russian helicopters and 4 frigates

The Russian Defence company Rosoboronexport will sign a contract with India on delivery of 48 Mi-17V-5 helicopters and four frigates of the Project 11356P/M. While the deal on frigates, two of which will be built in Russia and two in India, will be concluded this year.

West at a loss: Russia is ready for $40 oil price

The Russian Central Bank is going to wait out years with oil price at the level of 40 dollars per barrel, while the Organization of the Petroleum Exporting Countries plans to carry out negotiations on agreement to reduce oil output. The Bloomberg analysts are at a loss whether Russia knows something the rest of the world is not aware of.

Putin’s official spokesman Dmitry Peskov discharged from hospital

Dmitry Peskov, an official spokesman for Russian President Vladimir Putin, was discharged from hospital.

"Yes, that's true," Peskov told reporters.