Ukraine vote on jailed leader slams brakes on EU trade deal November 21, 2013 A PROSPECTIVE trade deal between Ukraine and the European Union was quickly scratched yesterday, following a vote over the jailing of opposition leader Yulia Tymoshenko. The Ukrainian parliament voted down a bill that would have released Tymoshenko to leave Ukraine, a prerequisite for the agreement with the EU. The move came only hours after Russian [...]
Raven Russia says it’s nearly full November 18, 2013 Booming demand for warehouse space in Moscow and St Petersburg has helped Raven Russia post strong results in the third quarter of the year. The London-listed firm that supplies warehouse space for big blue-chip companies in Russia said over 97 per cent of its 1.4m square metre portfolio is let thanks to a squeeze in [...]
Tinkoff looking for calm after Friday sell-off November 18, 2013 MOVES by a Russian MP to clarify changes in the country’s consumer lending laws are expected to soothe investors’ fears about London listed TCS Group, after its shares halved in trading. Shares in the Russian firm, which were floated at $17 by Morgan Stanley, Goldman Sachs and Sberbank last month, fell as low as $8 [...]
French football clubs postpone strike over 75 per cent tax November 14, 2013 The French Employers' Union of Professional Football Clubs (UCPF), has announced that they will postpone a strike planned for the end of November, in reaction to the French government's 75 per cent tax rate on those earning earning over one million euros. Matches scheduled for 29 November and 2 December will now go ahead. However, [...]
Jol’s Fulham future in fresh doubt with arrival of coach Meulensteen November 13, 2013 THE long-term future of Fulham manager Martin Jol was plunged into fresh doubt yesterday as a seemingly ready-made replacement in Dutch compatriot Rene Meulensteen was installed as head coach. Fulham are languishing in the Premier League relegation zone having lost seven of their first 11 matches and Jol is odds-on with bookmakers to be the [...]
BP signs a key oil trade deal with Rosneft November 12, 2013 RUSSIAN oil behemoth Rosneft said yesterday is plans to sell about $6bn (£3.7bn) worth of refined products to BP, establishing the British firm among its biggest buyers after years without any such deal. The latest transaction comes on top of a $5.3bn deal for BP to buy crude, agreed earlier this year. Both came only [...]
Culture and shopping in Shanghai and Hong Kong November 10, 2013 When Michelle Filmer went to China, she split her time between its two most vibrant cities. From luxury to history, she selects the top ten highlights of her visit 1. THE BUND The waterfront area in central Shanghai that runs along the west bank of the Huangpu river is known as The Bund. The west [...]
Any other business – 08/11 November 7, 2013 FARLOWS, the fishing and shooting equipment emporium on Pall Mall, has been rescued by a Russian with a particular passion for salmon. The shop and online retailer has been snapped up for several million pounds, including the repayment of its debts, by a group led by Vladimir Rybalchenko, who already has a deal to use [...]
Vimpelcom’s earnings plunge November 6, 2013 Vimpelcom, Russia’s third biggest mobile operator, said yesterday competition and tougher regulations hit sales growth in the third quarter. Regulatory pressures in Africa and Asia as well as reduced fees that its Italian business Wind can charge rivals to use its network contributed to a one per cent fall in third-quarter revenue to $5.7bn. The [...]
Toure’s racism exaggerated and sanction went too far, insist CSKA November 4, 2013 CSKA Moscow last night risked reopening a racism row on the eve of their rematch with Manchester City by suggesting they had been the victims of a witch-hunt. The Russian team were last week ordered to close a section of their stadium for their next Champions League home game, after European governing body Uefa upheld [...]