Article: Daily Headline News for August 7, 2008.

Daily Headline News for August 7, 2008

Digest of headline news as of 7:05 p.m. Moscow time on August 7: BUSINESS & FINANCE *** RUSSIAN TRADE SURPLUS WIDENS TO $110 BLN IN H1 - CUSTOMS

Russia's trade surplus widened $40.5 billion year-on-year in the first half of 2008 to $110.1 billion, the Federal Customs Service (FCS) said.

*** RUSSIAN INT'L RESERVES GROW 24.7% TO $595.5 BLN IN 7 MTHS - CB

Russia's international reserves grew $118.012 billion or 24.7% in January-July 2008 to $595.902 billion from $477.89 billion, the Central Bank said on its website.

The reserves grew $27.616 billion or 4.9% during July.

*** RUSAL ...

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