American financial services giant Mastercard and Russian mobile phone operator MegaFon have introduced two joint initiatives that will allow subscribers to link their mobile phone accounts to Apple Pay or Samsung Pay through the creation of a virtual Mastercard card.
The partnership, which was announced at Mobile World Congress 2018...
One of the world’s biggest foreign funds, Norway’s state Government Pension Fund Global (GPFG), with assets exceeding $1 trillion, has reported a record yield for last year, RBC business daily reports.
GPFG owns shares of 9,000 companies, and 52 of them were Russian firms as of January 2018. In 2017, the...
The Russian ruble lost some value on Wednesday, weighed down by a stronger dollar and weaker oil prices, Reuters reported.
After upbeat views from Federal Reserve Chairman Jerome Powell on the economy, the dollar was near a three-week high against a basket of currencies, as the forecast encouraged bets on...
International rating agency Standard & Poor’s (S&P) raised the credit ratings of several Russian companies, including Gazprom, Transneft, Rushydro, and Russian Railways, following the increase in the Russian sovereign rating.
The agency said in a press release that the long-term ratings of Transneft in foreign and national currencies were raised...
Russian President Vladimir Putin will meet on Wednesday with Austrian Chancellor Sebastian Kurz, who will pay a working visit to Russia, the Kremlin press service said.
"The sides plan to discuss current bilateral relations and prospects of their further development, in particular in trade and economic, energy, cultural and humanitarian...
American companies operating in Russia are planning to continue their work in the country and even to expand their businesses despite U.S. sanctions against Moscow, the U.S. Ambassador to Russia Jon Huntsman Jr. said Tuesday.
Speaking at a meeting with students and teachers in the southern city of Kazan, Huntsman...
Russian state-owned Sberbank briefly climbed to the first place on the list of richest banks in Europe on Monday, surpassing Spain’s Banco Santander, although, by the end of the day, the Spanish bank had reclaimed the top ranking.
The value of Sberbank's ordinary shares exceeded $5.11 per share, while the...
The Estonian branch of Denmark’s biggest bank closed the accounts of several companies in 2013 after realizing they had been used by a member of Vladimir Putin’s family and Russia’s intelligence service, FSB, to launder huge amounts of money, a leaked report published by the Organized Crime and Corruption...
The United States State Department on Monday unveiled a new program to counter foreign interference in the 2018 U.S. midterm elections, CNN reported.
The long-awaited announcement said the $40 million initiative will battle state-sponsored disinformation and propaganda targeting the U.S. and its interests, but avoided mentioning Russia by name.
The program...
Russian stock indexes and bonds rallied to all-time highs on Monday after a long-awaited upgrade to the country's sovereign rating from rating agency S&P Global, Reuters reported. The upgrade could attract capital inflows into the Russian economy, which many analysts expect to remain lackluster.
Last week, in the first such lift...
