Sberbank looks Gnome-ward
Wednesday, 30 November 2011 11:47
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Sberbank is eyeing Switzerland

Sberbank is reported to be buying Swiss commercial bank SLB from its current owners Lukoil. Kommersant daily says Sberbank is close to finalising a deal, and all that is needed is agreement from the Swiss regulators for the deal to go through.

It's the latest step by Russia's number one bank to break out of the CIS...

 
Sberbank boosts its net profit 133% in 9M 2011
Wednesday, 30 November 2011 10:24
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Sberabnk posts the net result of 255.8 billion in 9M 2011 under IFRS

The shining light of the Russian banking industry Sberbank, is a bit brighter after more than doubling it net profit for the first nine months of the year.

Sberbank posted a 255.8 billion roubles net profit in the period January to September 2011, up 133% on last...

 
Lana Peters obituary
Tuesday, 29 November 2011 23:10

Stalin's daughter, she defected to the west to try and escape her father's shadow

Few histories are crueller than Russia's, and the girl who started life as Svetlana Stalina and ended it, at the age of 85, as Lana Peters felt it more than most. To be the daughter of the Soviet dictator Stalin was a heavy enough burden, but to be child of her...

 
Being Stalin's daughter
Tuesday, 29 November 2011 21:30

Svetlana Stalin spent her life trying to escape from the shadow of her father, defecting to the US and becoming known as Lana Peters. So why will history mark her as a cold war plaything?

To his many detractors, Joseph Stalin was a monster on an epic scale who sent millions of "class enemies" to their graves. To the considerably smaller band of his...

 
Putin runs Russia like a giant car boot sale | David Hearst
Tuesday, 29 November 2011 20:30

Russian wealth and brains are flowing out of the country. That's the people's verdict on another 12 years of Putin

Before meeting Vladimir Putin, it's best to get acquainted with his horse. Each year a group of academics and journalists is invited by the Russian government to agonise about the fate of Russia. What results is a cross between a...

 
Russian lover of British MP Mike Hancock not a spy, says security court
Tuesday, 29 November 2011 20:05

Ekaterina Zatuliveter is immature, calculating and self-centred – but not a secret agent, says panel

MI5 claims, backed by home secretary Theresa May, that the Russian lover of a Liberal Democrat MP was a spy for Moscow were rejected on Tuesday by a national security court specially convened to hear the case. In an unprecedented judgment, the...

 
White Collar Crime not so dirty
Tuesday, 29 November 2011 16:06

PwC’s Global Economic Crime Survey shows that Russia’s corporate business sector is improving with less crime being reported than since 2007.

­John Wilkinson from PWC’s Forensic Services says the turmoil in the peak of crisis led to a number of failures in security and compliance departments as “ the opportunity was greater, because there was l...

 
CNN should be booed
Tuesday, 29 November 2011 14:45
CNN has produced a sensation. The world's No. 1 news network said that Putin was booed during the congress of United Russia Party in Moscow. The people attending the congress were chanting "Putin, Medvedev, Russia!" It is simply impossible to take the chanting for booing. Nevertheless, a CNN reporter said that it was booing, not chanting...
 
More or Less: is EFSF enough?
Tuesday, 29 November 2011 13:16
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More or Less: is EFSF enough?

Ministers of seventeen EU states are expected to increase the effective size of the EFSF to insure the bonds of indebted countries.

­According to Reuters the ministers will vote on the increase in the firepower of the EFSF fund to 440 billion Euros which is less than the earlier proposed 1 trillion euros. According ...

 
X5 Takes Takeover Hit
Tuesday, 29 November 2011 12:36
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Kopeyka's integration cut X5 net result in 9M 2011

Supermarket retailer X5 has seen an 8% fall in its net profit for the first nine months of the year to $168 million.

The company says it’s the result of the costly integration of rival Kopeyka. It completed the purchase of the company for around $16 million during the summer.

The re-branding of the...

 
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