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Allison Joyce / Getty Images / AFP 25.05.2012 10:14 2 comments

Market Buzz: No bad news is good news for investors

Russian stocks are likely to open higher on Friday amid a relatively positive global background, though a downtrend persists on the markets.

 
Reuters / Francois Lenoir 24.05.2012 16:32 3 comments

Brussels summit stumbles on Eurobonds as France and Germany lock horns

The European Union summit in Brussels has closed, with leaders getting little further in solving the deadlock on the current debt crisis as they failed to agree on Eurobonds.

Eurozone crisis
(Reuters/Takuro Yabe/Pool) 22.05.2012 17:33 12 comments

Russia-China economic ties resist crisis

While alarm bells are getting louder on concerns over an economic slowdown in China – the world’s second largest economy - Russian experts say economic cooperation with the Celestial Empire will remain unaffected.

 
RIA Novosti/Ruslan Krivobok 21.05.2012 18:31 1 comment

Microsoft seeks bigger share in Skolkovo hi-tech hub

US software giant Microsoft is set to invest several dozen million US dollars into Research and Development projects at Russia’s Skolkovo hi-tech hub, according to officials at the innovation center.

Pumping oil well 16.05.2012 18:25 1 comment

Greece gets crude: Athens turmoil hits oil

Crude prices have fallen to their lowest in six months amidst mounting concerns over Greece leaving the euro. A sharper drop will follow, should Athens finally quit the monetary union, Dave Ernsberger, global director for oil at Platts, told Busines RT.

 
RIA Novosti / Aleksandr Piragis 12.05.2012 17:44

Russia's power sector: Hard time ahead?

Russia’s power sector has had a financial black-out, as the capitalization of two major grid companies dropped by $1.3 billion on Friday. The shares of IDGC Holding lost 10%.

AFP Photo / Joel Saget 12.05.2012 14:48 5 comments

Facebook – to invest, or not to invest?

As Facebook’s $11.8 billion IPO approaches with too many investors eyeing up more shares than are available, experts are concerned that the internet’s largest offering to date could create another bubble, soon to burst.

 
Justin Sullivan / Getty Images / AFP 11.05.2012 18:44 3 comments

JP Morgan Chase thumped by tricky financial gambling

The largest US bank JP Morgan Chase has taken a huge hit in casino-banking, losing $2 billion on its credit default swaps.

RIA Novosti / Anton Denisov 09.05.2012 08:23 1 comment

Making and selling to be the future of Russian economy

Diversification of the economy is going to be the main challenge for the new Russian Government according to experts. Retail and manufacturing would have to become the main drivers of Russia’s economy in the near future.

 
AFP Photo / Leon Neal 05.05.2012 15:51 7 comments

Facebook ‘friends’ aim to net up to $2.7 bln in IPO

Facebook major investors Accel Partners, Goldman Sachs and Digital Sky plan to sell as much as $2.68 billion in shares of the world’s largest social network in order to get their slice in its ambitious IPO.

А Lada Largus carb on the assembly line at AutoVAZ automobile plant in Togliatti (RIA Novosti / Aleksey Babushkin) 03.05.2012 14:34

Nissan-Renault to take Avtovaz driving seat

The Renault-Nissan Alliance is moving closer to gaining control of Russia's major car maker Avtovaz. It’s creating a joint venture with state corporation Russian Technologies and investment company Troika Dialog to take over the majority interest.

 
Screenshot from avito.ru 03.05.2012 12:39

Investor rush for Russia’s Craiglist Avito.ru

Investors are lining up for a piece of Russia’s soaring internet market, pouring as much as $75 million into Russia’s largest online classified site Avito.ru this year.

Silicon Valley experts mind hunter across Russian startups 30.04.2012 17:56 7 comments

Silicon Valley experts mind hunter across Russian startups

Starting your own business is not easy, especially when the world is gripped by financial crisis and you live in a country which international investors look at with suspicion. But here’s where guys from California come in.

 
(AFP Photo / Getty Images) 28.04.2012 17:48 6 comments

Russia and China create $4 billion investment fund

Russia and China have announced the setting up of a $4 billion investment fund aimed to boost joint trade and cooperation.

Photo from www.lukoil.ru 27.04.2012 16:23 1 comment

Lukoil: Keep away from West Qurna oil field

Russia's leading crude producer Lukoil is ready to develop one of Iraq’s largest oil fields, West Qurna-2 without partners, Lukoil’s chief said.

 
Polish Prime Minister Donald Tusk (R) welcomes his Chinese counterpart Wen Jiabao (L) at the meeting of Prime Ministers of Poland, Central Europe and China in Warsaw April 26, 2012 (Reuters/Peter Andrews) 27.04.2012 12:10 1 comment

China gives $10 bln helping hand to Central Europe

China remains optimistic about Central and East European economies as it plans to provide a $10-billion credit line aimed at boosting business in the region.

(RIA Novosti / Igor Zarembo) 25.04.2012 14:24 3 comments

Russia’s LUKOIL starts Iraq drilling

Russia’s oil major LUKOIL has started drilling operations at the West Qurna-2 oil field near the Iraqi port of Basra. The company targets 150,000 barrels daily production in 2013 to recover costs of the project.

 
Chinese Prime Minister Wen Jiabao (C) waves to employees during his visit to the Volvo car factory in Gothenburg April 24, 2012. Prime Minister Wen is in Sweden for a three-day official visit in Sweden (Reuters/Scanpix Sweden) 24.04.2012 16:35 4 comments

China seeking piece of Arctic pie

It’s a long way from China to the arctic, but the country’s Premier Wen Jiabao has been in Sweden signing a number of energy deals during his European tour.

A trader works on the trading floor at the New York Stock Exchange on April 20, 2012 in New York City (Justin Sullivan/Getty Images/AFP) 24.04.2012 10:07 3 comments

Market buzz: Digesting European turmoil

Instability in Europe weighed on investors in Russia, with the RTS slumping 2.88% and the Micex plunging 2.58% into the red on Monday.

 
Reuters / Denis Sinyakov 19.04.2012 16:01 1 comment

VTB eyes both East and West

Russia’s second largest bank VTB plans to extend its activities on the West, Asian and the Middle East markets in order to attract investors around the globe.