Business Watch
Russian steel and coking coal producer Mechel and China’s metals firm Baosteel Resources Int. Co. Ltd. have signed a memorandum to implement joint mining resources projects, Mechel said on Monday.
A Russian billionaire bought a piece of romantic history for his family late last week, when he purchased the island where Aristotle Onassis wedded Jacqueline Kennedy in 1968, Greek media reported.
Dmitry Rybolovlev paid $100 million for the island of Skorpios in the Ionian Sea, the Kathimerini daily said.
Rockefeller Oil Company shows interest in a company that no other Russian oil-extractor does.
Global investment bank VTB Capital has acquired a minority stake in National Satellite Company, the largest Russian satellite TV operator operating under ‘Tricolor TV’ brand.
VTB Capital, investment arm of VTB, Russia's No.2 lender, said on Tuesday it had bought a minority stake in a Russian television company that it will prepare for an initial public offering in a few years.
MasterCard announced yesterday that it has partnered with Russian-based global telecom provider VimpelCom to develop a mobile payments technology for banked and underserved people.