China urges Syria regime to deliver on promised reforms
Tuesday, 11 October 2011 20:38

Beijing move seen as sign of waning patience over ongoing violence and follows Russia's call for Assad to reform or quit

China has for the first time urged the Syrian regime to deliver on its much-promised reforms, in a move that some observers see as a sign of waning patience with its embattled ally.

A staunch supporter throughout the six-month...

 
Abramovich and Berezovsky's cars get parking tickets outside high court
Tuesday, 11 October 2011 19:39

Drivers were spotted waiting on single yellow lines in a side street for the two Russians, who are involved in a legal battle

Parking wardens have handed tickets to drivers ferrying Roman Abramovich and Boris Berezovsky to and from the high court after limousines were spotted waiting on single yellow lines.

Berezovsky is suing the owner of Chelsea...

 
Putin solves all problems Russia had with China
Tuesday, 11 October 2011 16:47
During his visit to China, Vladimir Putin managed to come to an agreement regarding the payments for the Russian oil. Officials with the Russian administration believe that China was not paying the full price for the Russian oil. According to them, China was keeping $3 from every barrel. Chinese officials claim that those were "transportation...
 
Yulia Tymoshenko found guilty of abuse of office
Tuesday, 11 October 2011 10:02

Judge rules that Ukraine's former prime minister exceeded her powers in a gas deal with Russia in 2009

Ukraine's former prime minister Yulia Tymoshenko has been found guilty of abusing her office in a case her supporters say is politically motivated.

Judge Rodion Kireyev said Tymoshenko had exceeded her powers when she signed a 2009 deal with Moscow...

 
Mechel 1H 2011 net profit soars more than 300%
Tuesday, 11 October 2011 10:01
Read more...

RIA Novosti / Merkuriy Golodnov

Russian steelmaker and miner, Mechel, has posted a 1H 2011 net income of $501.02 million under US GAAP.

The net result is up 314.7% from the 1H 2010 net income of $120.8 million, with 1H adjusted EBITDA up 50% year on year to $1.179 billion, as 1H revenues rose 47.9% year on year to $6.406 billion.

Mechel posted a 2Q...

 
Rostelecom takes control over Moscow broadband internet
Tuesday, 11 October 2011 09:32
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Rostelecom takes control over Moscow braodband internet

Russian state-owned telecom company Rostelecom is in talks with Svyazinvest on the acquisition of Qwerty, a leader of broadband internet services in Moscow.

­Rostelecom plans to outlay around 1.2 billion roubles for the internet provider, which will make Rostelecom the leader on the broadband ...

 
Pharmacy 36.6 posts 1H 2011 net loss of 304.4 million roubles, on early load repayment
Tuesday, 11 October 2011 09:28
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Pharmacy 36.6 saw a 35% increase in its 1H net loss.

Russian pharmaceuticals retailer, Pharmacy 36.6, has posted a 1H 2011 net loss of 304.4 million roubles under IFRS.

The net result is up 35.5% from the net loss of 224.6 million roubles posted for 1H 2010, with 1H EBITDA rising 18% year on year to 1.007 billion roubles, as 1H revenues climbed...

 
Russia China links strengthened by investment fund signing
Monday, 10 October 2011 15:59
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Russian Prime Minister Vladimir Putin (RIA Novosti)

Ahead of the visit by Russian Prime Minister Vladimir Putin to China this week, Russia’s Vnesheconombank (VEB) and Direct Investment Fund (RDIF) have signed a memorandum of intent with China Investment Corporation (CIC) to set up an investment fund.

Talking to reporters, Yury Ushakov, deputy head...

 
Siberia home to yeti, bigfoot enthusiasts insist
Monday, 10 October 2011 15:10

Russian tundra said to reveal evidence that prompts conference visitors to be 95% sure of abominable snowman's existence

The vast Siberian tundra holds untold mysteries, from once-secret nuclear installations to alleged UFO crash sites.

Now, a team of scientists say they are "95%" sure that Russia's wintry expanse is home to the mythical yeti,...

 
Russia develops new generation of stealth destroyers
Monday, 10 October 2011 14:56
The destroyer of the new generation, which Russia has been working on for the interests of the national navy, will replace the three classes of oceanic zone vessels. The construction of the new destroyer may begin already in 2012. It is planned to assemble 14-16 vessels outfitted with sets of anti-ships missiles and anti-submarine torpedoes...
 
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