Russia
Russia's Severstal: to build customers in U.S., no plans to buy assets
DEARBORN, Michigan - Russian steel company Severstal will focus on expanding the customer base for its current plants in the United States rather than buying other factories in the country, Chief Executive Alexey Mordashov said on Thursday.
Russia's Putin wants new economy, warns on protests
ST PETERSBURG, Russia - Russian President Vladimir Putin sought to reassure investors on Thursday that he is committed to building a "new economy" through liberal reforms and privatization, and said he would not let protests against his rule spill over into civil unrest.
Russia confirms Syria-bound ship carried helicopters
MOSCOW/ST. PETERSBURG, Russia - Russia acknowledged on Thursday that it was trying to send repaired combat helicopters to Syria and said it would continue to carry out arms contracts with President Bashar al-Assad's government despite Western and Arab criticism.
Russia's Putin wants new economy, warns on protests
ST PETERSBURG, Russia - Russian President Vladimir Putin sought to reassure investors on Thursday that he is committed to building a "new economy" through liberal reforms and privatization, and said he would not let protests against his rule spill over into civil unrest.
BP warns TNK-BP bosses, partners on governance: sources
LONDON - BP has said executives and fellow shareholders in its Russian oil joint venture TNK-BP should stop taking decisions which the British group believes need board approval, according to two sources familiar with the matter.
U.S. Ex-Im Bank signs $1 billion pact with Russia's Sberbank
WASHINGTON - The U.S. Export-Import Bank on Thursday said it has signed a $1 billion financing arrangement with Sberbank, Russia's largest financial institution, to boost exports of U.S. aircraft, energy equipment and other goods and services to the former Cold War enemy.
Exclusive: Gunvor co-owner eyes Glencore-style growth
ST PETERSBURG, Russia - Russian billionaire Gennady Timchenko wants his fast-growing oil trading house Gunvor to expand production and refining and get into other fuels to emulate top global players Glencore and Vitol.
Arab League urges Russia to end Syria arms sales
MOSCOW - Russia should halt arms sales to Syria and U.N. sanctions could be needed to force President Bashar al-Assad and rebels fighting to oust him to implement a failing peace plan, a senior Arab League official was quoted as saying on Thursday.
Exclusive: Gunvor's Timchenko eyes downstream buys
ST PETERSBURG, Russia - Russian billionaire Gennady Timchenko, co-owner of Gunvor, wants to transform his fast-growing trading house into an integrated oil company by expanding production and refining after having already bought two plants in Europe this year.
Russia's Transaero signs deal for four Airbus A380s
ST PETERSBURG, Russia - Russia's second-biggest airline Transaero has signed a deal to buy four Airbus A380 superjumbo planes worth a combined $1.7 billion at list prices, and placed an order for Russian-made Superjet-100s.
Insight: Children of Mao's wrath vie for power in China
BEIJING - Forty five years before ambitious Chinese politician Bo Xilai fell from power accused of flirting with Cultural Revolution extremism, he stood as a teenager in front of a baying crowd that accused him of defying Mao Zedong's campaign.
Are African governments suppressing art?
The dust is finally settling on the storm that was kicked off in South Africa by a controversial painting of President Jacob Zuma with his genitals exposed.
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