Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
Three financial sources said Russia-based oil firm Bashneft selected Morgan Stanley, Sberbank, and Barclays as global coordinators for the company's planned secondary listing in London.
Russian business tycoon and politician Mikhail Prokhorov set to buy a 21.75% stake in the world's top potash producer, Uralkali, from the company's main owner Suleiman Kerimov.
State-controlled Russian airline Aeroflot told Reuters the company will neither buy nor financially aid Italian airline Alitalia despite being repeatedly named by Italian officials as a potential backer.
Although big companies like eBay Inc and Amazon.com wanted to get a significant piece of the growing e-commerce market in Russia, smaller e-commerce retailers like Borderfree and Modnique had the allowance to overcome Web and payment hurdles.
Russian mobile real-time bidding platform AdMoment
Vimpelcom's third quarter earnings affected by African and Asian regulations as well as Italy's fee charging ceiling for use of competitor networks.
Lada is set for major developments, such as the appointment of its first non Russian CEO.
A Chamber of Mines report said with enough investment and stable mining policies, South Africa could compete with Russia for the recognition as the second largest platinum producer.
The Russia China Investment Fund acquired the Russian Forest Products Group.
TCS, a credit card business company in Russia, set its IPO price at USD14 to USD17.50 per share piece.
Tele2 Russia and Rostelecom set to merge after an agreement was formalized to create the fourth largest mobile operator in Russia.
VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
According to the latest US Energy Information Administration report, the US would pass production levels of Russia and Saudi Arabia for oil and natural gas.
OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.
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