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Kerimov, who currently owns a 25% stake in Silvinit, is also holding talks with at least two more big players in the sector Belaruskali, the world's third potash fertilizers, and Phosagro, Russia's largest phosphate producer. He is currently believed
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Russian banks earnings may surpass the pre-crisis record this year as lending increases, Troika Dialog said. Banks earned almost $3 billion in pre-provision revenues in June and over $8 billion in net income in the first half, putting them on target
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The gains came as strategists around the world told clients to expect smaller gains and a measure of market pessimism reached the highest level in a year. Investors who bought as skepticism peaked were rewarded after a two-week slump erased $US2.7
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Russian stocks and the ruble rose the most in a week Monday as crude oil traded near $78 a barrel and leaders from the Group of 20 nations endorsed targets to cut deficits, easing concern of defaults. Rosneft, the countrys biggest oil producer and
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Russia largest truck maker, which is 11%-owned by Daimler AG. The bank, which acts on behalf of its 61 member governments and is partnering Daimler in this investment, said it wants to help "restructure one of the most complex industrial legacies of
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More foreign investors will flock to Russia this year because the macroeconomic situation is improving as a result of the government�s anti-crisis measures, said Chris Osborne, chief executive of Troika Dialog�s U.S. office. Unlike other emerging
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The drop in inflation – to 6.5% in March – is providing room for the central bank of Russia to cut rates further, after 12 consecutive cuts over the last year, and providing a new driver. RTS are outperforming nearly all global peers, with heavy
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Russia�s planned sovereign debt sale this year will be �damaging to the economy� because it threatens to spur government spending and slow institutional changes, according to Troika Dialog. Borrowing capital from international investors is likely to
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Renaissance has offices already in Nigeria, Kenya and Zimbabwe which it opened in 2007. In 2008 it acquired companies in Zambia and Ghana and last month announced the opening of an office in South Africa. Troika-Dialog has also developed plans for
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Daimler To Increase Stake In Russia's Kamaz-Sources Dow Jones Newswires (Adds detail). RS), people in the industry told Dow Jones Newswires on Wednesday. An announcement on the deal could be made on Thursday, these people said. Daimler chief
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