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Life Finance Denies Issuing Blogger Navalny Bank Cards

14:33 16/05/2012 MOSCOW, May 16 (RIA Novosti)

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.

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Media Tycoon Sells Radio Stations for $14 Mln
13:43 16/05/2012
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
11:57 16/05/2012
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
11:57 16/05/2012
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
11:35 16/05/2012
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
10:57 16/05/2012
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
18:59 15/05/2012
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
18:02 15/05/2012
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
16:33 15/05/2012
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
15:05 15/05/2012
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 Recommends No 2011 Dividend Payment
14:08 15/05/2012
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
14:01 15/05/2012
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
12:04 15/05/2012
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
12:02 15/05/2012
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
11:37 15/05/2012
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
10:53 15/05/2012
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
17:58 14/05/2012
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
17:32 14/05/2012
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
17:28 14/05/2012
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
16:36 14/05/2012
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.

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