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Alexander Marrow

General Motors pulls out of Russian car assembly business with Avtovaz deal

8:13am EST

MOSCOW Russia's biggest automaker Avtovaz said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM's presence in car assembling in the country.

Report cites pilot error in 2016 Flydubai plane crash in Russia

Nov 26 2019

MOSCOW Pilot error and possible crew disorientation during bad weather at night led to the fatal 2016 crash of a Flydubai passenger jet in Russia, Russia's Interstate Aviation Committee said in a report issued on Tuesday.

Russia's dividend yields quell sanctions fears as stocks break records

Nov 22 2019

MOSCOW Russian stock indexes have comfortably outperformed their emerging market peers in 2019 and with dividend yields high and perceptions of Russian risk improving, analysts say there is every chance the stock rally can continue.

Russian parliament backs law to label individuals foreign agents

Nov 21 2019

MOSCOW Russia's lower house of parliament passed legislation on Thursday that will allow individual journalists to be labeled foreign agents, a move that critics say will tighten curbs on the media.

Further interest rate cuts by Russian central bank 'appropriate' - IMF mission

Nov 21 2019

MOSCOW Further interest rate cuts by Russia's central bank would be appropriate amid falling inflation and structural reforms are key to speeding up growth, the head of an International Monetary Fund (IMF) mission said.

Further interest rate cuts by Russian central bank 'appropriate' - IMF mission

Nov 21 2019

MOSCOW, Nov 21 Further interest rate cuts by Russia's central bank would be appropriate amid falling inflation and structural reforms are key to speeding up growth, the head of an International Monetary Fund (IMF) mission said.

Russia's Yandex proposes governance revamp to allay Kremlin fears

Nov 18 2019

MOSCOW Yandex , Russia's biggest technology company, proposed on Monday setting up a "public interest foundation" to help oversee the business and assuage Kremlin fears about potential foreign influence.

Russia sets up helicopter base in northern Syria after U.S. exit

Nov 14 2019

MOSCOW Russia has set up a helicopter base at an airport in the northeastern Syrian city of Qamishli, the Russian Defence Ministry's Zvezda TV channel said on Thursday, a move designed to increase Moscow's control over events on the ground there.

Russia's Sberbank to buy stake in Mail.ru to expand in digital economy

Oct 29 2019

MOSCOW Sberbank has agreed to buy Gazprombank's holding stake in internet company Mail.ru as Russia's largest lender continues its transformation under Chief Executive German Gref into a banking-to-online services company.

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