Nearly all nuclear fuel now delivered by Russia to Iran: report
Russia delivered the seventh out of eight consignments of fuel for Iran`s first nuclear power plant in the Gulf port of Bushehr on Saturday, the official IRNA news agency reported.
Expert: World economic crisis may influence on Russia`s export majors
The current turmoil in the global financial markets may impair development opportunities for Russia`s major exporters of raw materials, the president of the Russian Union of Industrialists and Entrepreneurs said on Thursday.
French bank finds $7.14 billion fraud
French bank Societe Generale said Thursday it has uncovered a $7.14 billion fraud - one of history`s biggest - by a single futures trader who fooled investors and overstepped his authority.
China Oilfield bid to enter Russia fails
Russia has rejected a bid by China Oilfield Services Ltd to buy a unit of TNK-BP, smothering what would have been the Chinese firm`s first acquisition abroad at the final hurdle and sending its shares 12 percent lower.
Russia`s VTB Bank Sees Growth,Profitability Continuing
Liquidity at Russia`s VTB Bank is "very good" and the bank sees growth and profitability continuing, said Chief Executive Andrei Kostin in an interview with financial broadcaster CNBC at the World Economic Forum in Davos.
Russia`s MMK hikes 2007 crude steel output 6.5 pct
Russia`s Magnitogorsk Iron and Steel Works increased crude steel output 6.5 percent to 13.26 million tonnes in 2007 and said on Thursday it sold more products in its home market, where prices were higher.
Russia-China trade grew to record $48 bln in 2007
Russian-Chinese trade grew 44.3% year-on-year in 2007 to a record $48.16 billion, the Russian trade mission in China said on Thursday, citing China`s customs statistics.
New law lets Russia to tighten control over foreign officials` financial deals
Russia is tightening its control over financial transactions by foreign officials as a new version of the law on combating money laundering and the financing of terrorism comes into effect on January 15.
General Motors sales Russia grew nearly 100% in 2007
General Motors increased sales in Russia by almost 100% in 2007 to 258,835 vehicles, the U.S. company said in a statement.
Toyota opens first plant in Russia
Japan`s top automaker, Toyota Motor Corp, will open its first plant in Russia on Friday, aiming to produce 50,000 Camry sedans annually, the company said in a statement.
Russia, Kazakhstan, Turkmenistan sign Caspian pipeline accord
Russian President Vladimir Putin and Kazakh counterpart Nursultan Nazarbayev oversaw a major new deal on Thursday to build a natural gas pipeline from Turkmenistan to Russia via Kazakhstan.
Russia`s Wimm-Bill-Dann plans 11 bln rbl bonds
Russia`s top dairy produce firm, Wimm-Bill-Dann , said on Tuesday its board of directors had approved issuing five-year bonds worth a combined 11 billion roubles .
Russia`s oil exports grow
Russian oil exports amounted to about 199.383m tonnes in January-October, up 4.6 percent compared to the same period a year earlier, Russia`s Federal Customs Service (FTS) reported today.
Russia cbank sees no money market turbulence in 07
Russia`s money market will stay calm for the remainder of 2007 following the transfer of 180 billion roubles to the Bank of Development, a senior central bank`s official said on Tuesday.
Renault buys into Russia`s car boom with stake in Lada maker
Carlos Ghosn, Renault chief executive, has set his sights on dominating the booming Russian car market after agreeing to buy a quarter of Avtovaz, makers of the Lada, which used to rank as one of the world`s worst auto brands.
Russian-Chinese trade to run up to $40 billion in 2007
Russian-Chinese trade in 2007 will exceed $40 billion, a Russian senator told journalists at a press conference in Beijing on Monday.
SocGen purchase of Russia`s Rosbank at risk -paper
Societe Generale`s purchase of control in Russia`s Rosbank is at risk as state arms exporter Rosoboronexport wants to buy the stake and is seeking to reverse the deal, a newspaper reported on Friday.
Oil stays near $90 a barrel on Iran talk
Oil prices gained overnight and were slightly higher Friday, as the U.S. government lobbied international powers not to back down on OPEC`s second-largest producer, Iran, over its nuclear program.
Russia`s economics ministry updates GDP forecasts
Russia`s economics ministry has raised its official forecasts for the country`s GDP growth until 2010, a ministry official said on Tuesday.
Russian phone company offers to buy Rival
VimpelCom, Russia’s second-largest cellphone company, has offered to buy a rival, Golden Telecom, for about $4.2 billion to create Russia’s first integrated mobile and fixed-line provider.
Britain continues to be Russia`s leading investor in spite of political rows
British companies invested $20 billion in the Russian economy in the first nine months of 2007, making the U.K. the leading investor in the country, the Russian ambassador to Britain said on Tuesday.
Russia`s LUKoil to boost oil refining 34% by 10 years
LUKoil said on Monday it plans to boost crude refining at its enterprises by 34% to 65.7 million metric tons (482 million barrels) per year by 2017 compared with 2006.
Iran top nuclear official confirms to visit Russia next week
Iran`s top nuclear negotiator has confirmed earlier reports that he will visit Moscow next week to discuss the situation around the Iranian nuclear program.
US blasts Japan for `protectionist` trade stance
The United States lambasted key ally Japan Thursday for what it called lack of leadership in talks to forge a global trade accord, accusing the Asian economic powerhouse of behaving like a "protectionist" developing nation.
Oil prices drop below $90 a barrel
Oil prices fell Friday on expectations that OPEC will increase output next week and on fading concerns of a supply disruption from a U.S. pipeline fire.