Yandex, which leads the world's biggest search engine Google in Russia with a market share of more than 60 percent, had said that expansion beyond former Soviet countries was one of its focus areas when it floated shares in New York in 2011..» Read More
TROMSOE, Norway, Jan 21- New shipping rules are soon to be agreed for the Arctic, where summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. The Northern Sea Route along Russia's edge can reduce the sailing distance between Asian ports and Northern Europe by 40 percent.
Nov 13- Metro Inc, Canada's No.3 grocer, posted a larger-than-expected 40 percent drop in quarterly profit as expanding U.S. retailers provided "intense competition" in its home market. Metro Inc said its fourth-quarter sales were hurt by competition, especially in Ontario, where rival retailers have opened more stores.
*Costco earnings per share $1.40 vs Wall Street view $1.46. *Family Dollar profit 86 cents/ share; Street view 84 cents. *Costco shares up, Family Dollar down 2.6 pct.
KRASNODAR, Russia, Sept 19- Sergei Galitsky, founder of Russia's leading food retailer Magnit, would like investors to value his 15- year-old business as a mature company. Yet he still wants to open three new stores every day and forecasts sales growth at Magnit will only slow slightly next year to 25 percent from close to 30 percent this year.