Electricite de France has decided not to bid for Russian electricity operator OGK-1 in an upcoming privatisation, La Tribune reported.
According to the newspaper, the French group made its decision last week.
EDF had confirmed in January its interest in bidding for OGK-1, which is being sold by Russian public electric company SEU.

The Reserve Bank of India said on Wednesday it will hold additional repo and reverse repo auctions on March 14 and and an extra repo auction on March 17 in view of corporate tax payments and holidays.
The central bank will hold three-day repo and reverse repo auctions between 4:00 p.m. and 4:30 p.m. on March […]

Qatar’s central bank has sold its first certificates of deposit last week at auction.
The auction of one billion riyals ($275 million) worth of 91-day CDs took place on March 4, with maturity on June 3. The CDs were sold at a coupon rate of three per cent and the best rate received was 1.75%.

India has Extended the deadline for bids in its largest yet auction of oil and gas assets by two weeks to April 25, an oil ministry official said on Monday.
It hopes new rules will help global firms with the expertise to significantly raise production and trim the need for costly imports.
Bids had been due to […]

The Federal Reserve on Friday announced emergency measures to add $200 billion into the banking system in a bid to ease persistent liquidity strains that are leading to a global credit freeze.
The Fed said it would increase the size of its two term auctions of short-term funding to banks this month to $100 billion from […]

Auction-rate bond failures show no sign of abating after investors abandoned the market for variable-rate municipal securities.
Almost 70 percent of the periodic auctions in the $330 billion market failed this week as investment banks stopped buying the securities investors didn’t want. Yields on the debt averaged 6.52 percent as of Feb. 28, up from 3.63 […]

The horse racing industry’s bid for the state-owned Tote bookmaker is expected to be formally rejected by the Government today. Instead, ministers are expected to outline plans to put the Tote up for auction.
Gerry Sutcliffe, the Sports minister, will outline the Government’s proposals for the computerised Totalisator betting system to MPs this morning in the […]

Bidz.com a leading online auctioneer of jewelry, announced that the Company’s Chief Executive Officer, David Zinberg, and Chief Financial Officer, Lawrence Kong, will be presenting at the Citi Investment Research Annual Small & Mid Cap Conference to be held March 17-19, 2008, at the Four Seasons Las Vegas, NV.
Bidz.com’s presentation is scheduled for Wednesday, March […]

Vietnam’s State Treasury fell short of a VND1 trillion ($62 million) target in debt sales Thursday, raising VND700 billion, the Hanoi stock market said in a statement Friday.
At the previous debt auction on Jan. 25, the State Treasury managed to sell only VND480 billion worth of three-year and five-year government bonds, less than half the […]