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ArcelorMittal gets a shot in the arm

ArcelorMittal gets a shot in the arm

The world's largest steel producer has raised $4 billion selling shares and convertible bonds.

Russian air carrier considers low-cost airline

Russian air carrier considers low-cost airline

UTair, Russia's third-largest air carrier considers operating a low-cost airline as early as 2014.

Russia-China trade tops $88 bn

Russia-China trade tops $88 bn

China-Russia trade grows 11.2 per cent in 2012, Chinese General Customs Administration reports.

Ruble soars against the dollar

Ruble soars against the dollar

The Russian ruble has strengthened by five per cent against the US dollar over the course of 2012.

$25m investment in India 2020 Fund

$25m investment in India 2020 Fund

IFC proposes an equity investment of up to $25 million in a 'India 2020' fund.

Oil giant Petrobras finds new reserves

Oil giant Petrobras finds new reserves

Brazilian energy company Petrobras announces the discovery of “excellent quality” crude oil in a deep-water field.

Russia oil output hits post-Soviet high

Russia oil output hits post-Soviet high

Russia experiences a growth in oil production reaching a record 10.4 million barrels a day.

India foreign exchange reserves up to $296 billion

India foreign exchange reserves up to $296 billion

India’s foreign exchange (forex) reserves increased by $39.6 million to $296.57 billion in the last week of December 2012.

Tablet computer sales expected to surge in 2013

Tablet computer sales expected to surge in 2013

Leading telecommunications industry analysts are predicting that India’s tablet computer market will undergo significant growth in 2013.

China on track to become automotive powerhouse

China on track to become automotive powerhouse

China outpaces Europe in automotive sales, making it one of the world's top producers.