RIA Novosti

Life Finance Denies Issuing Blogger Navalny Bank Cards

Wed, 16 May 2012 10:33:00 GMT

A Russian bank has denied issuing debit cards branded with the name of Russian opposition blogger Alexei Navalny, refuting a report in GQ magazine on Wednesday, quoting unnamed sources.

Media Tycoon Sells Radio Stations for $14 Mln

Wed, 16 May 2012 09:43:03 GMT

Media Tycoon Sells Radio Stations for $14 Mln

Wed, 16 May 2012 09:43:00 GMT

Russian businessman Alexander Lebedev, who owns the British Evening Standard and The Independent newspapers, is to sell two Russian radio stations to billionaire Mikhail Gutseriyev for $14 million, Kommersant business daily reported on Wednesday.

Greek Turmoil Drives Global Stocks Down

Wed, 16 May 2012 07:57:00 GMT

The near certainty of a Greek departure from the eurozone, and doubt about what could happen in the aftermath of this, has seen global stocks take a further battering on Wednesday.

Chelyabinsk Zinc Plant Decides Against 2011 Dividend Payment

Wed, 16 May 2012 07:57:00 GMT

The board of directors of Russia's largest zinc producer, Chelyabinsk Zinc Plant, has recommended against paying a 2011 dividend, ahead of the scheduled June 27 annual shareholder meeting, the company said in a statement on Wednesday.

PSG-International Starts On North Russian Power Plant

Wed, 16 May 2012 07:35:00 GMT

Czech power facilities designer and builder, PSG-International, has started construction of the Polyarnaya combined cycle heat and power plant in the north Russian city of Salekhard, the firm said on Wednesday.

Globaltrans Closes $540 Mln Metalloinvesttrans Deal

Wed, 16 May 2012 06:57:00 GMT

Russia's largest private freight rail transportation group Globaltrans has completed the acquisition of 100 percent of Metalloinvesttrans captive freight rail transportation operator, Globaltrans said on Wednesday.

Carlsberg Makes Repurchase Offer to Baltika Minorities

Tue, 15 May 2012 14:59:00 GMT

Danish brewer Carlsberg has made an offer to minority shareholders of Russia’s largest beer producer Baltika to purchase the remaining 15 percent of Baltika’s stock, the Russian firm said on Tuesday.

Indian, Chinese Airlines Snub Europe on Carbon Emissions

Tue, 15 May 2012 14:02:00 GMT

Indian and Chinese airlines have refused to supply the European Union with pollution data for last year, disobeying the EU’s decision to make air carriers pay emission charges, EU Climate Commissioner Connie Hedegaard said on Tuesday.

Russia's Q1 GDP Growth at 4.9% - Rosstat

Tue, 15 May 2012 12:33:00 GMT

Russia's economy grew 4.9 percent year on year in the first quarter of 2012, the Federal State Statistics Service (Rosstat) said on Tuesday.

Moscow Eldorado Office Raided In Supplier Tax Evasion Probe

Tue, 15 May 2012 11:05:00 GMT

Investigators are searching the Moscow office of leading Russian home electronics retailer, Eldorado, in a tax evasion probe, Investigative Committee spokesman Vladimir Markin said on Tuesday.

Polymetal JSC Backs Away from 2011 Dividend Payment

Tue, 15 May 2012 10:08:00 GMT

The board of directors of Russian gold and silver producer Polymetal JSC has recommended its annual shareholder meeting, scheduled for June 21, vote not to pay dividends for 2011, the company said in a statement on May 14.

Russian Stocks Hit Fresh Low on Europe Woes

Tue, 15 May 2012 10:01:00 GMT

Russian stocks continued their plunge on Tuesday, reaching fresh five-month lows as investors took flight due to worries over Greece’s political deadlock and Europe’s mounting debt.

U.K. JKX Oil & Gas Starts Delivery from Russian Field

Tue, 15 May 2012 08:04:00 GMT

U.K.-based JKX Oil & Gas firm has started commercial gas deliveries from the Koshekhablskoye field in southern Russia, the company said on Tuesday.

VimpelCom Q1 Net Profit Down 29% to $318 Mln

Tue, 15 May 2012 08:02:00 GMT

VimpelCom saw its first quarter 2012 pro-forma net profit fall 29 percent year-on-year to $318 million to US GAAP, the firm said in a statement on Tuesday.

Dixy Sees Q4 Net Profit Up 6.8% to $10 Mln

Tue, 15 May 2012 07:37:00 GMT

Russian food retailer Dixy saw fourth quarter 2011 net profit rise 6.8 percent year-on-year to 315 million rubles ($10 million) to IFRS, the company said in a statement on Tuesday.

World Oil Price to Double by 2022 – IMF Report

Tue, 15 May 2012 06:53:00 GMT

World oil prices may double in the next decade with a disastrous effect on the global economy according to a report commissioned by the IMF, The Telegraph reported on Tuesday .

MICEX Plummets to Five-Month Low

Mon, 14 May 2012 13:58:00 GMT

Russian stocks plunged on Monday, reaching their lowest levels since December 2011 as investors took flight over Greece’s political deadlock and Europe’s mounting debt crisis, and also by the Saudi oil minister’s statement of global oil oversupply.

New York Crude Hits Five-Month Low on Europe Worries

Mon, 14 May 2012 13:32:00 GMT

New York crude oil prices slumped to a five-month low as investors were unnerved by Greece’s political deadlock and Europe’s mounting debt crisis, and also by the Saudi oil minister’s statement of global oil oversupply, market data suggested on Monday.

RusAl Nominates Warnig in Bid to End Board Spat

Mon, 14 May 2012 13:28:00 GMT

RusAl, the world’s largest aluminum producer, has nominated Matthias Warnig, head of Nord Stream AG which operates the gas pipeline from Russia to Europe, for election to its board of directors as an independent non-executive director, the firm said in a statement on Monday.

MegaFon Q1 Net Profit Down 8% to $309 Mln

Mon, 14 May 2012 12:36:00 GMT

MegaFon, one of Russia's three largest mobile phone operators, saw its Q1 net profit fall 8.1 percent year on year to 9.27 billion rubles ($309 million) to US GAAP, the company said on Monday.

Federal Grid Firm to Merge with Inter-Regional Operator in Energy Reshuffle

Mon, 14 May 2012 12:15:00 GMT

Russian Inter-District Grid Company Holding (IDGC Holding) and Federal Grid Company (FGC UES) could be merged into one holding firm in energy reshuffle intended to lure investment for national grid modernization, Russian Acting Deputy Prime Minister Igor Sechin said on Monday.

Statoil Proposes 10% Cut to Shtokman Project Cost

Mon, 14 May 2012 10:05:00 GMT

Norway's Statoil energy firm, a 24 percent shareholder in the big Shtokman gas project, is proposing a ten percent cut to project costs to make it more competitive in the global marketplace, Executive Vice President Peter Mellbye said on Monday.

Greek Deadlock Drives European Markets Down

Mon, 14 May 2012 09:16:00 GMT

The euro and European shares traded lower on Monday as Greece’s failure to form a coalition government increased uncertainty about the country's bailout and threatened to intensify the eurozone crisis.

RusAl's Q1 Net Profit Falls 69% to $112 Mln

Mon, 14 May 2012 09:09:00 GMT

Russia's RusAl, the world's largest aluminum producer, saw its 2012 first quarter recurring net profit plummet 69 percent quarter-on-quarter to $112 million to IFRS, the firm said in a statement on Monday.