Siemens to facilitate Russia`s locomotive production
The Russian pipe tycoon Dmitry Pumpyansky is looking to gain a foothold in the railway engineering market by arming himself with foreign technology.
Chubais: Russia`s OGK-2 may place more shares
Russian electricity producer OGK-2 may hold another share sale or a bond offering after failing to raise the $1.7 billion it had sought via a London float, the CEO of its parent company said Tuesday.
Sochi property owners fear state takeover
The Russian government is about to adopt what it calls an "Olympic Law" to oversee the development of Sochi, following the city`s successful bid to host the 2014 Winter Olympics.
Volvo to start plant construction in Kaluga Region soon
Swedish car maker Volvo plans to start construction of a truck plant in the Russian region of Kaluga, southwest of Moscow, on October 15, the company said Monday.
Oil prices slip further in Asian trading
Oil prices slipped further Tuesday but held above $80 a barrel as investors stayed on the sidelines ahead of the U.S. Energy Department`s weekly report due Wednesday.
Dow Jones passes 14,000 for record high
Wall Street began the fourth quarter with a huge rally Monday, sending the Dow Jones industrial average to a record close. Stocks were buoyed by a growing belief that the worst of the credit crisis has passed.
Russia has not seen such growth of investment in economy over the last 30 years
Total investment in Russia`s economy in 2010 will reach $360 billion, 800% growth since 2000, a Russian deputy prime minister said Friday.
Bristol-Myers pays 515 mln dlrs to end fraud, kickback probe
Bristol-Myers Squibb will pay 515 million dollars to settle a probe into illegal kickbacks to doctors and fraudulent pricing of its drugs to government health programs, officials said Friday.
China launches company to manage $ 200 bln of forex
China launched Saturday a long-anticipated state-owned investment company that is intended to manage around 200 billion dollars, or nearly one sixth of the nation`s massive foreign exchange reserves.
The largest Russian airport has chosen lenders for development of Terminal- 2
The tender was completed in August 2007. The winning parties - Sberbank and HSH Nordbank, of Germany - will finance the project,"Expansion and Reconstruction of Terminal 2.", and act as organizers and underwriters of the syndicated loan facility.
Import of Chinese cars to Russia grows rapidly
More than 50,000 cars made in China will be sold in Russia by the end of 2007, Vice President of the Russian Chamber of Commerce Sergei Katyrin said on Friday.
Dollar down 1.26 kopeks, euro is up
official dollar rate set by the Russian Central Bank from September 29 is 24.9493 rubles, down 1.26 kopeks from Friday, the Central Bank said.
Russian PM: "The prospects of Russia’s operations on the world atomic market are very good"
Prime Minister Viktor Zubkov is optimistic about Russia’s prospects on the world atomic market. He spoke about it after visiting the Machine Building Plant in the city of Elektrostal, Moscow Region, which produces nuclear fuel.
Gazprom to hold board meeting
At a Board of Directors meeting today, Gazprom is planning to consider adjustments to the general gas industry development program until 2030. The program is being amended to factor in a government-approved electricity facility installation plan until 2020.
Russia and Saudi Arabia to meet for WTO talks
The Russian delegation will arrive on Wednesday in Geneva to hold negotiations with Saudi Arabia on Russia`s accession to the World Trade Organization (WTO), Russia`s chief WTO negotiator said.
Russia`s Rambler Media H1 2007 net profit $6.7 mln
Rambler Media, the British-registered owner of Russia`s Rambler Internet portal, said on Tuesday its first half net profit was $6.7 million compared with a net loss of $0.5 million a year ago.
Tycoons still eyeing Russian equipment maker
Russian steel magnate Alexei Mordashov became a co-owner of Power Machines, having purchased a 30.42-percent stake in the Russian power equipment maker for around $470m, despite the stake`s market price of $510m.
Vote on buyout set at Clear Channel
More than 10 months after the deal was first announced, Clear Channel Communications Inc. shareholders will get the chance to vote on a proposed $19.5 billion buyout of the radio giant.
Mideast unaffected by Russian arms sales to Syria
Russian arms sales to Syria do not disturb the balance of forces in the Middle East, Russia`s acting foreign minister said Monday.
Oil prices fall to $81.34 a barrel
Oil prices fell Monday after a tropical depression in the Gulf of Mexico dissipated without causing damage to key oil and gas infrastructure.
Russia Far East economic forum closes in Khabarovsk
The 2d Russian Far Eastern international economic forum finished its work in Khabarovsk on Wednesday.
LUKoil, ConocoPhillips eyeing joint project in Turkmenistan
LUKoil is planning to take part in developing three hydrocarbon fields in Turkmenistan on a parity basis with the US-based company ConocoPhillips, the Russian oil giant`s President Vagit Alekperov told journalists.
First Deputy PM stands for defense industry development
Russia`s acting First Deputy Prime Minister Sergei Ivanov has stressed the need to meet the increasing demands of the fuel and energy industry using the research and production capacity of the defense industry.
Asia stocks jump after Wall Street surge
Asian stocks soared Wednesday in the wake of Wall Street`s overnight surge spurred by the U.S. Federal Reserve`s larger-than-expected interest rate cut.
Low-enriched uranium reserves to appear in Siberia
Russia plans to create guaranteed reserves of low-enriched uranium worth up to $300 million at an international nuclear center in Angarsk, East Siberia, Russia`s nuclear chief said Tuesday.