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  1. Russia moves closer to jail terms for offending religion

    Headlines

    Tue, 21 May 2013

    MOSCOW, May 21 (Reuters) - Russian lawmakers on Tuesday took a step toward imposing jail terms for offending religious feelings, approving legislation proposed after punk band Pussy Riot performed a raucous protest song in Moscow's main Orthodox Christian cathedral.

  2. RPT-UPDATE 1-Wealth fund trio to invest $500 mln each in Russia's VTB

    Headlines

    Tue, 21 May 2013

    LONDON, May 21 (Reuters) - Russia 's second-largest bank VTB expects to close its $3.3 billion offering of new shares by the end of the week, with three sovereign wealth funds investing about $500 million each, Chief Executive Andrei Kostin told Reuters.

  3. The Improving Long-Term Case for Emerging Market Debt

    Headlines

    Tue, 21 May 2013

    currently have large holdings in Brazilian, Indonesian and Russian debt; however, each one has a different profile. The majority ..... Indonesian rupiah and the low value of interest rates. Finally, in Russia , our exposure is largely through corporate bonds because we

  4. Shale gas, energy costs vex EU leaders

    Headlines

    Tue, 21 May 2013

    * Shale gas complicated in EU, could weaken Russian position

  5. Gazprom drives hard bargain as sole major bidder for Greek DEPA

    Headlines

    Tue, 21 May 2013

    ATHENS, May 21 (Reuters) - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the running.

  6. Qatar, Norway, Azerbaijan to each get about $500 mln of VTB shares -CEO

    Headlines

    Tue, 21 May 2013

    LONDON, May 21 (Reuters) - The sovereign wealth funds of Qatar, Norway and Azerbaijan will each get about $500 million of the new shares being issued by VTB, the Russian bank's chief executive Andrei Kostin said on Tuesday.

  7. Russia's VTB sees 2013 net profit above 100 bln rbls

    Headlines

    Tue, 21 May 2013

    LONDON, May 21 (Reuters) - VTB, Russia 's No.2 bank, sees 2013 net profit at above 100 billion roubles ($3.2 billion), Chief Executive Andrei Kostin told Reuters TV.

  8. Russia's Rostelecom Q1 net profit falls 49 pct

    Headlines

    Tue, 21 May 2013

    MOSCOW, May 21 (Reuters) - Russian state-controlled telecoms operator Rostelecom reported on Tuesday a 49 percent fall in first-quarter net income due to one-off gains in the year-ago period and higher interest expenses.

  9. UPDATE 1- Russian retailer X5 Q1 earnings fall, but beat forecast

    Headlines

    Tue, 21 May 2013

    MOSCOW, May 21 (Reuters) - Russian food retailer X5 beat profit forecasts on Tuesday as it presses on with cost cutting and streamlining after losing its market lead to closest competitor Magnit.

  10. Russian retailer X5 Q1 earnings fall, beat fcast

    Headlines

    Tue, 21 May 2013

    MOSCOW, May 21 (Reuters) - Russian food retailer X5 said on Tuesday its first-quarter net profit fell 1.8 percent year-on-year, mainly due to higher finance costs, to $65.1 million, but beat a $51.1 million analyst forecast.

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