In an announcement today, former executives of Finam Global launched Flint Capital, a USD30 million fund that is focused on placing investments in Internet and innovative hardware startups.
Russia
Police arrests over 380 people in Moscow Sunday riot
More than 380 people were arrested in a race riot that occurred Sunday in Moscow. Police authorities in Moscow apprehended more than 380 people in a race riot on Sunday.
Investor valuation sought to be raised for OAO RN Holdings
Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft. Templeton Emerging Markets Group Chairman Mark Mobius said the OAO Rosneft offer to purchase shares in OAO RN Holding must be pegged above RUB67 or USD2.
Deutsche Bank and Russian Direct Investment Fund infuse funds into Rostelecom
A total of USD237.1 million was given to Rostelecom by Deutsche Bank and Russian Direct Investment Fund for over 72 million Rostelecom ordinary shares.
Aeroflot's budget airline Dobrolet to ferry a million passengers in 2014
Dobrolet means 'good flier' to help it navigate the competition in the cut throat budget airlines business.
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Norilisk CEO Potanin, who purchased stock at the collapse of the Soviet Union, intends to make the mining firm's management world class.
