Christine Lagarde has been elected by the IMF’s Executive Board to be the fund’s new managing director, filling the vacancy created by the arrest of Dominique Strauss-Kahn. France’s Minister of Economic Affairs, Finances and Industry and a former synchronized swimmer, Lagarde will lead the global rainy day fund for the next five years. As the [...]
Tag: India
June 30, 2011
June 29, 2011
New Report Links Quality of Life, Money to Democracy
New Report Links Quality of Life, Money to Democracy By Olga Kuvshinova Vedomosti Published: June 29, 2011 (Issue # 1663) MOSCOW — When per capita contribution to gross domestic product reaches $10,000, democracy becomes “eternal,” according to a Renaissance Capital report. Improvement in quality of life leads to the establishment of democracy, says the report, based on the histories of 150 countries over the past [...]
June 29, 2011
Renaissance Capital Weighs Cairo Office
An Egyptian walking by the Cairo stock market Sunday. The U.S. flag marked the visit of a U.S. trade delegation. Renaissance Capital, the Russian brokerage half-owned by billionaire Mikhail Prokhorov, may open an office in Cairo to tap markets in the Middle East and North Africa four months after Egypt’s autocratic leader was toppled in a popular uprising. “We see big opportunities, and we [...]
June 29, 2011
June 27, 2011
Study Links Money, Democracy
Russia is the richest country with a weak democracy, a new report claims. S tudy Links Money, Democracy When per capita contribution to gross domestic product reaches $10,000, democracy becomes “eternal,” according to a Renaissance Capital report. Improvement in quality of life leads to the establishment of democracy, says the report, based on the histories of 150 countries over the past 60 years. Parallels can [...]
June 25, 2011
Emerging Markets IPO Boom Fizzling
The emerging market IPO boom predicted for Brazil, Russia and India is fizzling as inflation sends interest rates up, share prices down and prompts companies to scale back or cancel sales. While Brazil’s stock exchange chief, Russia’s biggest underwriter and India’s government projected that initial public offerings would rise threefold this year to $64 billion, issues are falling. Russia rose 16 percent [...]
June 24, 2011
Car Fleet Leasing Struggles for Its Niche
The car rental business is hindered because many companies believe the resale value of their own cars is rising. The domestic anomaly of unusually high automobile resale values and a habit of rewarding staff with purchase rights to company cars is making it difficult for leasing firms to break into the Russian corporate car fleet market, new research shows. A survey by the Corporate [...]
June 23, 2011
LIVE: "Russian and Foreign Media: Past, Present, Future"
RIA Novosti broadcasts live the special session of the International Future Media Forum titled “Russian and Foreign Media: Past, Present, Future”. The session is organized by RIA Novosti in association with the Ford Foundation International Fellowships Program (IFP Russia). IFP Russia Director Oksana Oracheva and RIA Novosti Deputy Editor-in-Chief Valery Levchenko are expected to welcome [...]
June 23, 2011
Eaton Sees Russia as a Star Market
An Eaton subsidiary produces transformers for lighting the Kremlin stars. U.S. power management firm Eaton will mark its 100-year anniversary by targeting Russia in a bid to profit from the government’s large-scale modernization and energy-efficiency programs over the next few decades, its chief executive said. “If you want growth, one of the things you need is greater energy efficiency. That’s what we’ve [...]
June 22, 2011
Russia may soon start talks on CERN membership
Talks on Russia’s associate membership in the European Center for Nuclear Research (CERN) could begin in the next few months, Deputy Education and Science Minister Sergei Ivanets said on Wednesday. The 56-year-old CERN, which operates the $5.6 billion international Large Hadron Collider (LHC) project, has recently opened membership to non-EU countries through the associate member [...]
June 22, 2011
Russian Envoy Sees Role Rebuilding Afghanistan
Afghans constructing a building in Kabul last week. Russia has embarked on a series of projects in Afghanistan. KABUL, Afghanistan — Russia wants to enlarge its presence in Afghanistan and rebuild the country where Soviet troops fought a disastrous decade-long war, Russia’s envoy to Kabul said, describing ties between the two former foes as the best in 20 years. Although Russia has refused to send troops [...]
June 22, 2011
Grape and Grain
Grape and Grain Vinograd//47 Ulitsa Marata//Tel: 333 4747//Menu in English and Russian//Meal for two with a cocktail, 2,900 rubles ($103)//Open midday to 1 a.m. (3.a.m. Wednesday to Saturday) By Galina Stolyarova The St. Petersburg Times Published: June 22, 2011 (Issue # 1662) Pan-Asian restaurants are still a rare species in St. Petersburg, although the trend [...]
June 21, 2011
Data Centers Offering Prime Space
DataSpace’s six generators can keep it running for three days of power outage, in line with Tier III certification. Although it’s still daunting to find a parking space for your car in Moscow, finding a space to park your computer just got easier. The market for data centers is booming as multiple facilities are set to open in the coming months. But even though the quality [...]
June 20, 2011
China’s 5G fighter ‘a showoff’
China’s fifth-generation fighter program is more for effect than substance, Russia’s leading aircraft maker said on Monday. China carried out its first test-flight of a fifth-generation stealth fighter in January. “It was more a demonstration than a real program,” Mikhail Pogosyan, head of United Aircraft Corporation, said. The Chinese aircraft industry is developing successfully but [...]