Russia's Finance Minister says there is a need for Russian Parliamentary approval for any terms changed on the loan.
Tags: Russia
Emerging markets fall short, China stumbles
Emerging markets, including China, South Africa and Turkey, fell 10% from this year's peak. (Photo : Reuters)Kit Digital Inc's former chief executive significantly lowered the price he was willing to pay to buy the video technology provider, citing the company's worsening liquidity and capital structure issues.
Flocktory Completes latest Series A Financing Round
Flocktory completes its latest series A financing worth US$1.5 million. (Photo : Reuters)The image is the corporate logo of Flocktory. The market leader in Russia's social referral marketing for online retailers, Flocktory, has announced that it closed its series A financing round.
Russia's MTS In Discussions to Acquire Akado
MTS is discussing acquisition of Akado, a major broadband and cable TV provider in Moscow, Russia. Last Wednesday, Kommersant Daily reported that MTS is in discussion to acquire Akado, a major broadband and cable television provider in Russia.
Lenta Planning on IPO
Lenta is said to be planning an IPO at the London bourse as early as the fourth quarter of this year.
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The Algerian government is seeking a re evaluation of Djezzy the telecommunications firm before its purchase from Vimpelcom.
Qiwi, the payment solutions provider from Russia, is set to do an IPO at Nasdaq. Qiwi Plc, the Russian instant payment operator is now in the process of conducting an IPO at the Nasdaq Stock Market.
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
VTB, Russia's second largest bank is undertaking an IPO worth nearly 100 billion roubles. Russia's second largest financial institution, VTB, is now undertaking plans to meet potential investors from all over the world in preparation for the issuance of new shares.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
Russia extends help but conditions that help on "taking their interests into consideration."
Due to a planned maintenance check and low levels, the Troll Gas Field distribution plant at Kollsnes was shut down.
VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.
First Deputy Prime Minister Shuvalov said that the government will not provide assistance to Cyprus depositors who lost money, except in certain circumstances.
