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Andrey Kostin, chairman and CEO at VTB Bank, talks about Qatar's $1 billion investment in VTB and why the Russian banking sector needs to source funds from around the world.
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VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
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Link to Fitch Ratings' Report: Russia's Banking Sector: Stable at Present, But Some Risks Are Growing. MOSCOW/ LONDON, October 08 Fitch Ratings says in a new report that its outlook for the Russian banking sector is stable.
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Russia's Saratov oil refinery, owned by Anglo-Russian crude producer TNK-BP. ,has resumed production after it caught fire last week, TNK-BP said on Monday. Iraqi Kurdistan's leading oil producer, Genel Energy, said it would keep crude exports flowing after the Kurdistan Regional Government finally received an initial payment from Baghdad.
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AKTAU, Kazakhstan, Oct 8- An outspoken critic of Kazakhstan's president was jailed for seven-and-a-half years on Monday for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government.
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SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.
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BEIJING, Oct 8- China is spending $14 billion on pilot projects to turn coal in remote parts of the country into natural gas, a risky bet that could help meet the country's surging demand for the cleaner fuel.
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There's a growing backlash against the BRIC countries — an acronym created by Jim O'Neill of Goldman Sachs for Brazil, Russia, India and China, as the four biggest emerging markets have underperformed their peers.
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The New York Times reported on Thursday that Iran had proposed a plan to European officials that required the West to lift harsh oil and economic sanctions in return for the eventual suspension of uranium enrichment by Tehran.
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Cape Canaveral, Fla., Oct 5- Space Exploration Technologies, the first private company to fly to the International Space Station, is poised to launch its initial cargo mission to the orbital outpost as part of a $1.6 billion contract with NASA to deliver supplies.
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With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth in China weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.
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*Fred Hassan to become non-executive chairman in January. Oct 5- Avon Products Inc will close the book on the Andrea Jung era at the end of the year, clearing the way for new Chief Executive Sheri McCoy to try to fix the iconic but struggling beauty products company.
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*Energy ministry, LUKOIL to meet investors this month. LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry, which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.
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LONDON, Oct 5- Russian state owned oil company Rosneft will spend a total of $25 billion to modernise its Soviet-built refineries, company chief executive Igor Sechin told investors on Friday, sources familiar with his presentation said. Sechin said $7 billion has already been spent. The remaining $18 billion will be spent over the next five years.
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LONDON/ MOSCOW, Oct 5- Rosneft Chief Executive Igor Sechin met investors in London on Friday, launching a charm offensive by Russia's oil industry which is trying to court foreign capital after a decade in which it became almost synonymous with resource nationalism.
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*TNK-BP gives green light to Rospan gas project. MOSCOW, Oct 5- TNK-BP's directors held back from deciding on a dividend payout at their meeting on Friday, with the Russian oil company saying only that the matter would be discussed "over the coming weeks", when bidding is expected to be underway for BP's 50 percent stake.
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*Fred Hassan to become nonexecutive chairman in January. By Jessica Wohl and Phil Wahba. Oct 5- Avon Products Inc.
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LONDON, Oct 5- Russian Urals crude ended the weak on a bullish note on Friday, rising to its strongest levels since early September as traders said October volumes in the Mediterranean were mostly sold out.
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MOSCOW, Oct 5- Russian billionaire Mikhail Fridman's Alfa Group has increased its voting stake in emerging markets telecoms operator Vimpelcom to 41.85 percent from 40.5 percent, a spokesman for Alfa's Altimo unit said. The increase brings Altimo's ownership of Vimpelcom closer to the 43 percent owned by Norwegian telecoms group Telenor.
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MOSCOW, Oct 5- Russian billionaire Mikhail Fridman's Alfa Group has increased its voting stake in emerging markets telecoms operator Vimpelcom to 41.85 percent from 40.5 percent, a spokesman for Alfa's Altimo unit said. The increase brings Altimo's ownership of Vimpelcom closer to the 43 percent owned by Norwegian telecoms group Telenor.
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By Maya Dyakina and Lidia Kelly. MOSCOW, Oct 5- Russian shares and the rouble rose in light trade on Friday, ending higher for the week, after strong U.S. jobs data increased global appetite for risk. A stronger U.S. economy improves the outlook for commodities, helping major commodity exporters such as Russia.