| January 2012 |
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A roundup of what has happened in the past 24 hours
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The United States may scrap Cold-War era trade restrictions on Russia in the very near future, U.S. Ambassador to Russia Michael McFaul said on Wednesday.
Izhmash, the manufacturer of Kalashnikov AK assault rifles, said its sales were up 57.4 percent last year at 5.73 billion rubles (about $190 million).
The Russian Venture Capital Association (RVCA), which unites some 70 Russian investment funds, and U.K. BVCA have signed a memorandum of understanding to renew bilateral investment flows, RVCA Chairman Alla Pianova said on Wednesday.
Russian state oil company Zarubezhneft wants to buy Austrian oil company OMV's filling stations in Croatia and Bosnia and Herzegovina , Zarubezhneft General Director Nikolai Brunich said on Wednesday.
The most rational way for Greece to cope with its massive sovereign debt problem is to quit the Eurozone, the head of Russia’s largest bank Sberbank, German Gref said on Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland.
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Russia's largest grocery retailer, X5 Retail Group, has launched e5.ru, an online store selling non-grocery products, the company said on Wednesday.
The Russian ruble made major advances on Wednesday, gaining against the euro and the dollar as investors worried about the lack of progress in talks between European finance ministers and bondholders to resolve Greece’s debt problem.
The owners of Technosila, one of Russia's largest home electronics retailers, plan to sell the company for $200 million or merge it with other market players, Vedomosti business daily reported on Wednesday, quoting sources close to the retailer.
Apple has posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion in the first quarter of the fiscal 2012 which ended on December 31, 2011.
An annual meeting of 2,600 decision-makers from almost 100 countries and hundreds of companies starts on Wednesday in the Swiss ski resort town of Davos.