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. Last Updated: 07/27/2016

07/30/2008

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Medvedev Tries to Reassure Investors

Five days after a first state salvo against Mechel sent Russian stocks diving and stirred memories of the Yukos affair, President Dmitry Medvedev sought on Tuesday to limit the damage with assurances that the stock market remained attractive to investors.

Transfer Pricing A Legally Gray Area

Prime Minister Vladimir Putin's accusation of illegal transfer pricing by mining giant Mechel was met with skepticism Tuesday, as analysts and tax experts argued that the country's inadequate legislation left the practice stuck in a legal gray zone.

Olympic Athletes Get a Blessing and a Lesson

Russia’s Olympic team received religious icons and a crash course in Orthodox church history in China during a Kremlin cathedral service on Tuesday.

Acron Will Postpone LSE Listing

Nitrogen-based fertilizer producer Acron said Tuesday that it would postpone a plan to list Global Depositary Receipts in London, citing difficult market conditions.

BP's Q2 Profit Soars on High Oil Prices

Combined Reports
BP posted a 61 percent rise in underlying second-quarter profit Tuesday thanks to high oil prices, beating analysts' estimates, and its share of second-quarter net income at Russian joint venture TNK-BP doubled to $1.35 billion.

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