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AFP Photo / Leon Neal 05.05, 15:51 5 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.

 
RT Photo / Irina Vasilevitskaya 05.05, 09:22 1 comment

Market Buzz: Calm after storm

Russian stocks are likely to trade lower Saturday, which is a working day in the country, with investors cautious after Friday’s losses and closely watching the weekend elections in Europe.

(RIA Novosti / Valeriy Melnikov) 04.05, 17:09

Tables turned on 1Q tablet sales.

Global sales of tablet PCs and e-readers dropped sharply by 38% in the first quarter of 2012 with Amazon worst hit, according to the report prepared by the International Data Corporation (IDC).

 
Call for independent Russian gas producers to get tax breaks 04.05, 16:03

Call for independent Russian gas producers to get tax breaks

The Russian Government should provide further tax breaks to stimulate independent gas producers in the country, says Pavel Zavalny, the head of the Energy Committee of the State Duma.

(AFP Photo / Getty Images) 04.05, 12:56 7 comments

Japan eyes gas pipeline from Russia

Japan is urgently seeking new energy sources as it phases out nuclear power. So it’s in talks with Russia over the construction of a gas pipeline to boost energy supplies.

 
(RIA Novosti / Roman Galkin) 04.05, 09:39

Market Buzz: Eyes peeled on US jobs

Russian markets are expected to open lower on Friday amid a mildly negative background while investors wait for the US government’s monthly jobs report.

Nord Stream gas pipeline (RIA Novosti / Grigory Sysoev) 03.05, 17:24 1 comment

Gazprom has years to wait for new EU energy package exemption

The EU could grant South Stream an exemption from the new rules of the EU energy market aimed at separating energy production from distribution. But Gazprom says the procedure is likely to take years.

 
А Lada Largus carb on the assembly line at AutoVAZ automobile plant in Togliatti (RIA Novosti / Aleksey Babushkin) 03.05, 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, 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.

 
Spencer Platt / Getty Images / AFP 03.05, 09:38

Market Buzz: Investors await positive news

Russian stocks are likely to trade flat on Thursday, with investors eyeing the European Central Bank as its chief Mario Draghi defines the bank’s interest rate policy.

Reuters / Yannis Behrakis 02.05, 16:25 2 comments

Junk with a sunny outlook

The Standard & Poor’s rating agency has given Greece the benefit of the doubt and raised the country’s credit rating out of default territory to CCC with a stable outlook.

 
Military personnel stand guard around the headquarters of the Spanish-owned electric power company Transportadora de Electricidad SA (TDE) in Cochabamba , after Bolivia's President Evo Morales issued a decree for its nationalizion and ordered the military to take it over, on May 1, 2012. (AFP Photo / STR) 02.05, 14:44 9 comments

Domino effect: Bolivia seized power grid from Spanish company

Spain’s energy business gets a second hit from South America as Bolivia's President Evo Morales announced plans to nationalize the country’s major power grid owned by Spain's Red Eléctrica.

RIA Novosti / Sergey Mamontov 02.05, 13:02 2 comments

PMI ups and downs: China and Russia on rise, Europe in doldrums

Russia’s manufacturing showed a surprising growth in April signaling the best overall performance of the sector since March 2011, according to the report prepared by HSBC.

 
RT Photo / Irina Vasilevitskaya 02.05, 09:17

Market Buzz: Higher start after holidays

Russian stocks are likely to open higher on Wednesday after a three-day-holiday, bolstered by positive background on the global floors.

(RIA Novosti / Vladimir Fedorenko) 01.05, 15:06 6 comments

May Day strikes: Trade union power or posturing?

Workers day is going to see mass strikes by trade unionists across Europe protesting against the austerity measures. Is this a chance for the unions to show they still have some muscle, or will it be more symbolic?

 
RIA Novosti/A. Solomonov 01.05, 12:03 3 comments

Can anybody win the patent war?

Apple’s claim to fame that it came up with the iPad tablet concept has suffered a damaging blow thanks to an almost twenty year old video. It brings into question whether the tech company ‘patent wars’ are really worth fighting.

Silicon Valley experts mind hunter across Russian startups 30.04, 17:56 6 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.

 
IMF Managing Director Christine Lagarde delivers remarks at a Banque de France panel on financial stability review during the semi-annual meetings of the IMF and the World Bank in Washington, April 21, 2012 (Reuters/Jonathan Ernst) 30.04, 11:15 12 comments

IMF: Who will share with BRICS?

The IMF has received commitments for financing from the BRICS who hope to get a greater say in return. But analysts say the chances if that happening isn’t clear, or even if the BRICS are ready for change.

Roman Abramovich (Reuters / Stefan Wermuth) 30.04, 03:28 9 comments

Russians top UK Rich List

Russian tycoons took two of the top three spots in this year's Sunday Times Rich List. Despite the economic turmoil that has swept Europe over the past year, Britain's moguls have seen their stock increase to a record £414 billion.

 
(AFP Photo / Getty Images) 28.04, 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.

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