|Bid||0.00 x 200000|
|Ask||0.00 x 75000|
|Day's Range||142.65 - 147.20|
|52 Week Range||97.57 - 147.30|
|PE Ratio (TTM)||827.69|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.28|
Russia's new MS-21 passenger plane, its first domestically-built mainline commercial aircraft since the collapse of the Soviet Union, is a serious venture capable of competing with industry heavyweights Airbus (AIR.PA) and Boeing (BA.N), the head of national airline Aeroflot (AFLT.MM) told Reuters on Friday. Russia carried out the MS-21's maiden flight on Sunday and has heralded the twin-engine jet as a domestic alternative to those made by America's Boeing and Europe's Airbus, which dominate the medium-range narrow-body market. Manufacturer Irkut Corporation (IRKT.MM) and its state-controlled parent company United Aircraft Corporation (UAC) (UNAC.MM) say the new plane is more efficient than its Western counterparts, but analysts warn Russia faces a huge challenge to shatter the transatlantic airplane duopoly.
Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors. In a surprise statement, manufacturer Irkut Corporation (IRKT.MM) and its state-controlled parent company United Aircraft Corporation (UAC) (UNAC.MM) said an MS-21-300 model had successfully completed a 30-minute flight at a height of 1,000 meters and traveling at 300 km an hour. Squeezed by Western sanctions over its role in the Ukraine crisis, Russia is trying to rejuvenate domestic industrial production to make the country less dependant on foreign firms.
Two Aeroflot flight attendants who accused the Russian airline of giving them lower-paying domestic routes because of their weight lost lawsuits against their employer this month. The female flight attendants, part of a group of airline workers who dubbed themselves “old, fat and ugly” or STS in Russian, alleged Aeroflot photographed, measured and weighed cabin…
After years of losses, plant closings and job cuts, some of the world’s biggest steelmakers are ready to spend more on their businesses.
Exxon Mobil Corp (XOM.N) on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia. The Wall Street Journal reported that Exxon had in recent months applied to the U.S. Treasury Department for a waiver to drill with Russian oil producer Rosneft (ROSN.MM). Any such request is likely to draw attention because Exxon's former chief executive, Rex Tillerson, is now U.S. secretary of state.
LONDON/MOSCOW, April 4 (Reuters) - Russian oil major Rosneft hopes to benefit from European court rulings that have allowed some Iranian banks to escape from European Union sanctions. Russia's largest oil firm has been subject to sanctions since 2014, following Russia's annexation of Ukraine's Crimea region.
Rosneft CEO asks for government to permit loans from subsidiaries of foreign investment banks. JPM is the only American one on the list.
Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft (ROSN.MM), in a ruling that asserts the court's jurisdiction over the bloc's foreign policy. The EU slapped sanctions on Russia after it annexed Crimea from Ukraine in 2014 and stepped them up as Moscow went on to support a separatist rebellion in Ukraine's industrial east. Rosneft's head, Igor Sechin, is a close ally of Russian President Vladimir Putin.
Russian plane maker Sukhoi has repaired defects in 20 Superjet 100 aircraft that were grounded in December by airlines including Russia's Aeroflot and Mexico's Interjet, the company said on Thursday. Checks by Russia's aviation authority were instigated in late December after a defect was discovered in the tail section of a Superjet operated by Russian carrier Iraero. "All the Superjet 100s that were found to have defects have been repaired," Sukhoi said in a statement to Reuters, adding that the aircraft had returned to service by Feb. 1.
President Vladimir Putin told trading giant Glencore (GLEN.L), Qatar's sovereign wealth fund, and Italian bank Intesa (ISP.MI) their businesses in Russia would be successful after they took part in the privatisation of a stake in Rosneft (ROSN.MM). "I want to thank you for your trust, for your decision, want to express confidence that your business in Russia will be developing and developing successfully," Putin told a meeting with the heads of the companies.
MOSCOW/LONDON/MILAN (Reuters) - More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it. The stake was sold for 10.2 billion euros to a Singapore investment vehicle that Rosneft said was a 50/50 joint venture between Qatar and the Swiss oil trading firm Glencore. Unveiling the deal at a televised meeting with Rosneft's boss Igor Sechin on Dec. 7, President Vladimir Putin called it a sign of international faith in Russia, despite U.S. and EU financial sanctions on Russian firms including Rosneft.
Russian children's goods retailer Detsky Mir intends to conduct an initial public offering (IPO) of its shares on the Moscow Exchange, the company said on Monday. Detsky Mir said in a statement that the offering was expected to be exclusively of its secondary shares. The selling shareholders are the Sistema business conglomerate, the Russia-China Investment Fund, and certain members of the management teams of Detsky Mir and Sistema.
Tycoon Gennady Timchenko attends a meeting with Russian President Vladimir Putin at the Kremlin in Moscow on May 25, 2016. Russia’s richest men, some of whom have close ties to President Vladimir Putin, have gained $29 billion since the election of Donald Trump, thanks to the rising value of Russian stocks and currency. Among the biggest beneficiaries: Gennady Timchenko, who was a primary target of 2014 U.S. government sanctions aimed at Putin’s inner circle.
Rosneft's (ROSN.MM) plans for next year allow it to be flexible with production volumes, Russia's top oil producer said on Saturday, after Moscow clinched a deal with OPEC to cut production to bolster weak oil prices. State-controlled Rosneft, which accounts for over 40 percent of Russian oil production, said its board has looked into plans for 2017-2018. "The plan is formed on the basis of actual long-term development program and takes into account changes in Russia's fiscal law and a possibility of carrying out a maneuver with the production volumes in order to boost sales efficiency in the first half 2017," the company said in a statement.
Alisher Usmanov and his partners are set to pocket $740 million from moving a stake in internet company Mail.ru Group Ltd. to MegaFon PJSC, as the Russian billionaire consolidates his technology holdings ...