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UCP buys 48% of ‘Russian Facebook’ VKontakte

UCP buys 48% of ‘Russian Facebook’ VKontakte

VKontakte is the largest social network in Russia and has over 42 million users.

Usmanov is Russia’s richest man

Usmanov is Russia’s richest man

Alisher Usmanov has a fortune estimated at $17.6 billion.

BCB raises interest rates to fight inflation

BCB raises interest rates to fight inflation

Brazil is ready to take necessary steps to control inflation, the country's finance minister asserted last week.

March income grows by 8.3% in Russia

March income grows by 8.3% in Russia

The average monthly wage totalled 28,400 rubles ($900).

India invites Canada investment for infra projects

India invites Canada investment for infra projects

Earlier this month India and Canada signed an AAA that will allow Canada to ship uranium to India.

Russia to establish SEZs to attract Chinese imports

Russia to establish SEZs to attract Chinese imports

The zones will have free bond warehouses, plants processing and assembling goods, trans-shipping complexes.

India to free oil, gas pricing from state control

India to free oil, gas pricing from state control

India's finance minister wants a revenue-share model for oil and gas exploration.

Russian economy stable despite global woes- Putin

Russian economy stable despite global woes- Putin

The president says the Russian economy shows viability and ability for growth.

India inflation slows to lowest rate in 3 years

India inflation slows to lowest rate in 3 years

The commerce ministry today revised January inflation to 7.31 per cent from an earlier estimate of 6.62 per cent.

Chinese yuan hits record high against dollar

Chinese yuan hits record high against dollar

The Renminbi strengthened 52 basis points to hit, according to the China Foreign Exchange Trading System.