L&T may buy entire stake in Audco

Livemint.com 17 August 2012 India’s biggest engineering and construction conglomerate Larsen and Toubro Ltd (L&T) is planning to acquire the entire stake of US-based Flowserve Corp. in their 50:50 joint venture (JV) Audco India Ltd, according to an internal...

Skolkovo Government confirms full financing for Skolkovo

East-West Digital News 30 August 2012 Dismissing rumors that state financing for Skolkovo might be reduced, the Russian Ministry of Finances confirmed earlier this week that the federal government’s total funding for the project will remain unchanged at 85 billion...

Russia Wants APEC to Facilitate Trade Shift Toward Asia, U.S.

Moscow Times 29 August 2012 The government expects the upcoming forum of Asia-Pacific businesspeople and country leaders in Vladivostok to help attract investment to Russia and remove suspicions about the country’s efforts to invest abroad, First Deputy Prime...

Landmark Metropol Hotel Sold at Auction

The Moscow Times (from AP) 30 August 2012 Michael Jackson slept there. Vladimir Lenin harangued Bolsheviks there. Over the past century, the Hotel Metropol has seen the extremes of Russian life, from austere revolutionary fervor to flashy pop indulgence. The hotel was...

MegaFon Deal Cleared

Moscow Times 28 August 2012 The Federal Anti-Monopoly Service has approved MegaFon’s application to buy stakes in mobile content provider VAS Pay and the NewsTube.ru Internet television site from tycoon Alisher Usmanov, Interfax reported Monday, citing the...