Yandex and Sberbank of Russia finalized their joint venture for Yandex.Money for about US$60 million.
Tags: Russia
Macau's Melco to enter Russia's entertainment industry
Melco International Development Ltd. stated it would buy its way into the Russian entertainment industry.
Capital flight from BRIC results to US$13.9 billion lost
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
Pharmstandard offers to buyout shares from rebel shareholders.
OAO Pharmstandard stated they would buyout disgruntled investors at a discount. Russia's biggest pharmaceutical company, OAO Pharmstandard, shrunk the most since May 2009 after its plan to buy out unhappy investors' shares at a discount was revealed.
Germany’s RWE rids Gazprom after Arbitration
RWE AG is expected to get rid of Gazprom oil price deals after arbitration. RWE AG previously said to get rid of a link in oil prices with gas supply contracts, contracts that have cost Germany's second-largest utility hundreds of millions of euros, they must win an arbitration against Russia's OAO Gazprom.
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Rosneft head Igor Sechin denies any takeover plans for PKN Orlen of Poland and Bashneft of Russia. (Photo : Reuters)The image is the Russian signage for Rosneft.
Sergeyevich Ivanov joined Altimp's international advisory board. (Photo : Reuters)This is the logo of Altimo. Russian international telecoms investor Altimo announced today that it has picked Igor Sergeyevich to join its international advisory board.
The RDIF and Abu Dhabi's Mubadala co-invest to penetrate the growing Russian market. (Photo : Reuters)The image is the Russian skyline during evenings.
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
Russia's Rosneft agreed to double its oil supplies to China on Friday. (Photo : Reuters)The image shows the company logo in a Rosneft petrol station.
Russia is determined to sell its interest in private enterprises and one of them is their 53% interest in Rostelecom.
Lenta, the hypermarket chain of Russia, has chosen banks to provide assistance for its IPO. (Photo : Reuters)The image is the corporate logo of the MICEX or Moscow Exchange.
Russian billionaire Alexander Lebedev is in talks to sell 4.5% of his stake in the country's flagship carrier, Aeroflot.
