Russian internet group Yandex said on Friday its adjusted net profit rose 62 percent last year to 22.9 billion roubles ($343.39 million), while its adjusted revenue increased 41 percent to 126.4 billion roubles, RBC reported.
Yandex said it saw its revenue this year, excluding online retail arm Yandex.Market, rising...
A day after the threat of new U.S. sanctions unnerved Russian financial markets, the country’s currency, supported by rising oil prices, steadied against the dollar on Friday, Reuters reports.
The ruble was unchanged against the dollar at 66.66 and traded at 75.20 versus the euro at 0730 GMT. The Russian...
Fresh sanctions against Russia proposed this week by U.S. legislators could hinder the development of some natural gas export pipelines, but otherwise do little to harm the country’s largest energy companies, Bloomberg writes citing analysts.
This week, a bipartisan bill was introduced to punish the Kremlin over allegations it...
A pool of foreign investors, including veteran U.S. investor Bill Franke have joined Gazprom Media, the media arm of Russia’s gas giant, in a $2 million funding round for Moscow-based catering startup Catery, Kommersant reported.
The startup, launched in 2016, organizes food and drinks deliveries to corporate clients. It...
The two-day Russian Investment Forum (RIF), hosted by Roscongress, began on Thursday in the Russian Black Sea resort city of Sochi and will gather together politicians, diplomats, and businesspeople to discuss the investment and economic potential of Russia, TASS news agency reports.
A wide spectrum of Russian and international...
Western investors will be the first to suffer if new U.S. sanctions are imposed against Russian national debt, Alexis Rodzianko, head of the American Chamber of Commerce in Russia (AmCham), said in an interview with RIA Novosti.
"This is similar to what happened after the sanctions on Rusal when the shareholders...
Global investors seem to be changing their sentiment towards emerging markets (EM) and Russia in particular after EM bonds funds had their second best week on record in terms of inflows and equities also attracted new money, Intellinews reports citing Slava Smolyaninov, executive director and chief strategist at BCS...
A bipartisan group of U.S. senators has proposed a far-reaching bill aimed at punishing Russia for its “broad spectrum of bad behavior” that will for the first time force the Trump administration to assess whether Russia is a state sponsor of terror, Reuters reported.
The new law would also...
Global brewery group Carlsberg has seen its net revenue rise by 3% for the year, the first time the company’s sales have risen in the last three years, Reuters reported.
The Denmark-based brewery recorded net revenues $9.53 billion across 2018, from its core and craft beer brands such as...
