Moscow Business News

Dmitry Rogozin said on November 26 that Moscow and the Western alliance are ready to cooperate in the military sphere.

The saw the Micex lose more than 4% in Thursday trade and continue on Friday losing nearly 5% early before rebounding to be at 1243, down 1.96% at 12.00 Friday, to bring it to 10% below its October high. The...

The Russian central bank cut its main interest rate to a record low 9.0 percent on Tuesday to check a strengthening ruble that threatens to harm the major oil and gas producer's crucial exports. The decision to cut the key...

German car and truck maker Daimler AG said Tuesday it has signed two joint-venture agreements with Kamaz Inc. that will expand its presence in the Russian truck market for an investment of about euro10 million ($15 million). Daimler, based in...

The deal would create one of the world’s largest energy and chemicals groups, with about $80 billion in combined annual revenues. LyondellBasell confirmed in a statement that Reliance had made a non-binding cash offer to take a controlling interest. LyondellBasell...

Oil prices may decline from a �somewhat artificial� level as governments reduce stimulus spending, Finance Minister Alexei Kudrin said Friday. The current price is favorable for Russia and acceptable to the world, Kudrin told reporters in Yalta, Ukraine. �I think...

Gold futures touched an all-time high of $US1174 an ounce in New York, after the dollar fell as much as 0.9 per cent against the euro. Gold has posted records during nine sessions this month, and is up 32 per...