Business Watch
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces the completion of another stage in the planned reorganisation and strategic integration of the Group's transportation assets - SG-trans OJSC ("SG-trans") and Financial Alliance LLC ("Financial Alliance"). As a result of the integration, a single unified operator of railroad freight transportation will be created and will operate under the SG-trans brand. The strategic objective of the united operator is to become one of the Top 3 operators in the railway market of the Russian Federation.
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces its consolidated US GAAP financial results for the fourth quarter and the full year ended December 31, 2012.
South Korea joined Russia and Kazakhstan in boosting gold holdings, even as the metal had its worst start to a year since 1991 and billionaire investor George Soros cut his stake in the biggest bullion exchange-traded fund.
Summa Group, controlled by Ziyavudin Magomedov, is considering selling the Yakutsk Fuel and Energy Co., or YaTEC, sources close to the company told on Thursday. However, Summa denied that negotiations on the sale of YaTEC were under way.
Human Rights Foundation, headed by Chairman Garry Kasparov, demanded that Goldman Sachs Group Inc. end a consulting agreement with the Russian government led by President Vladimir Putin.
By Joera Mulders
We were to be entertained by two days of political theater resulting in more exposure for oligarch turned politician Mikhail Prokhorov. Today the show however abruptly ended with Prokhorov’s resignation and a declaration of war against the grey cardinal of Putins’ second and Medvedev’s first presidencies, Vladislav Surkov. What just happened?