RBI today conducted an auction to sell 364 day-T-bills for Rs 20 billion, out of which Rs 10 billion was market stabilization scheme (MSS) amount.
At a multiple price-based auction, RBI received 118 bids worth Rs 105.11 billion for the bills. 20 competitive bids worth Rs 20 billion were accepted . Out of this accepted [...]

talian energy companies Eni and Enel have come together with Russian group ESN in order to bid at the next round of the auction of Yukos’ assets, set for April 4, according to Russian daily newspaper Vedomosti.
They have registered their intention to bid via Energogaz, a trust set up by the group, worth 1.11 bln [...]

PESA, the Professional eBay Sellers Alliance, announced it has joined forces with a group of eBay sellers in Australia to launch PESA Australia. The President of the new organization is Phil Leahy, Managing Director of Entertainment House, an Australian online retailer of music, DVDs and games, and a longtime PESA member.

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Russia’s state-run oil producer Rosneft [RTS: ROSN] said Tuesday it will use the stock it bought back from Yukos to acquire assets in Russia and abroad.
Rosneft bought back its 9.44% stake held by Yukos in the first auction to sell the bankrupt oil company’s assets through a 100%-controlled subsidiary, RN-Razvitiye, earlier Tuesday.
“Rosneft regards company shares [...]

European Union finance chiefs on Tuesday agreed to plans to ease cross-borde payments by credit and debit cards as well as electronic bank transfers across the 27-member bloc.
They also warned that economic recovery in the EU was threatened by internal economic imbalances in some member states.
Under the new payment rules, consumers will [...]

Russian oil firm Rosneft won an auction on Tuesday for a block of its shares held by bankrupt oil firm YUKOS after rival bidder TNK-BP dropped out just a shade above the starting price.
State-controlled Rosneft, which has been widely tipped to take over the bulk of YUKOS’s assets, paid 197.84 billion roubles (3.87 billion pounds) [...]

U2 rocker The Edge is auctioning off his beloved 1975 Gibson Les Paul guitar to raise cash for the musicians charity he co-founded to help those struggling to come to terms with Hurricane Katrina.
The instrument has featured on most of U2’s albums and has been the guitarist’s favourite axe on the road – but The [...]

The public auction to sell the 25.03 percent stake held by RAO “UES of Russia” (RTS: EEST/EESRP, EESRG/EESRPG; MICEX: EESR/EESRP; LSE: UESD; FSE: UES; US OTC: USERY/ USEPY) in OAO “WGC-5″* will be held on 6 June 2007. Bids will be accepted from 27 March through 28 May 2007.
The reserve price is equal to [...]

A subsidiary of the state-controlled Russian oil company Rosneft on Tuesday bought at auction a 9.44% share in Rosneft that had been owned by the bankrupt oil giant OAO Yukos.
The hammer price was 197.8 billion rubles ($7.6 billion). The bidding went through 10 steps before the RN-Razvitiye company won the auction.
The other bidder was TNK-BP, [...]

The $22bn (£11bn) auction of the assets of the bankrupt oil firm Yukos is due to begin in Russia.
First under the hammer will be a 9.4% stake in the state-controlled oil company Rosneft and debts owed by the former oil production unit of Yukos.
The starting price for the assets will be 195.5bn roubles ($7.5bn; £3.8bn).
The [...]