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Hong Kong IPO Plan clarified by UC Rusal

It has appeared that Russian aluminum giant UC Rusal, which is laden with debt, has passed provisional approval for an initial public offering (IPO) of its shares in Hong Kong. The deal expected to...

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Mevdvedev welcomes Nobel Peace Prize award to Obama

Russian president Dmitry Medvedev welcomed the Nobel Peace Prize going to US President Barack Obama, according to a Kremlin statement reported by Interfax news agency Saturday.The award was "a...

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President Medvedev Keen on “Modernizing” the Country

President, Dmitry Medvedev has said that Russia is witnessing a change in the economic scenario. He further added that he needed more overseas investment in the country in order to revive the...

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Belarus Gets the Gas Supply From Russia

Gazprom, Russia’s gas monopoly on Thursday, ending its three-day stand-off on gas supplies has resumed the gas supply to Belarus after receiving the last four months gas payment.Both the sides are...

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Opera Software signs deal with Russian operator MegaFon

It has been informed that Opera Software and Russian Inc. MegaFon have decided to sing an agreement. The federal mobile operator form Russia has also informed about this fact. Under this deal, a...

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Cisco promises to offer $1bn to Russian IT boom

Cisco pledges the Russian president Dmitri Medvedev a financial investment of $1 billion to help develop Moscow's answer to the need of IT solutions.read more

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Windows code for Russian Security service, Microsoft

Russia's Federal Security Service, the FSB, has been offered with an access to program codes of its Windows 7 and Office 2010 software in a move to boost the government software sales as reported by...

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Russia faces drought and resulting food inflation

Russia has stated that it plans to cease all shipments of grain in an attempt to salvage the current crop crisis it is facing. The grain output in Russia has been severely affected by the drought in...

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Wheat dips as profit-taking counterbalances worries of drought

On Friday, the prices of wheat in the US fell by one decimal five percent.  As the profit taking in the late session was more than that is required for making up for the support of woes of drought in...

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Youth pill expected to be launched by the year 2012

Experts on the subjects informed yesterday that a pill to increase human life-span drastically could be available in just two years time. Scientists have found a potent mixture of anti-oxidants which...

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Russian man pleads not guilty to e-mail spasm

A 23-year-old Russian man, Oleg Y. Nikolaenko, who was accused of heading a world-wide spamming network, pleaded not guilty in a federal court in the US state of Wisconsin on Friday. Mr Nikolaenko has...

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Trade target of $20bn set for Russia

Trade growth is definitely on the minds of Indian government as announcements for boosting trade keep floating in every day. After a high profile agreement with China on improving trade relations and...

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Wired: Cyber attack on a Springfield, Ill., public water utility was comedy...

Laying out the sequence of events which led to the buzz that a supposed cyber attack on a public water utility in Springfield, Ill., last month resulted in the destruction of one of the utility's...

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DSN amplification attack on Spamhaus originated from Russia: says an expert

The recent distributed-denial-of-service (DDoS) attacks on anti-spam organization Spamhaus were launched by a group of hackers based in Russia, a cyber security expert said.read more

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