Alexei Morozov News
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OAO Mechel posted the biggest decline among Russian stocks in the U.S. last week as analysts cut target prices for the Moscow-based coal producer on concern over debt and falling commodities.
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Yandex NV rose the most in three weeks on prospects the Russian Internet company’s new social- media search application will lure more mobile users and boost advertising revenue.
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Russian billionaire Roman Abramovich agreed to buy 7.3 percent of OAO GMK Norilsk Nickel as the two biggest owners of the world’s top supplier of the metal seek to end a four-year feud over control of the company.
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The pilots of a Polish airliner that crashed last year in Russia killing President Lech Kaczynski and 95 others were under “psychological pressure” to land in heavy fog, Russian investigators said today.
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The pilots on a Polish plane that crashed in Russia last year were under “psychological pressure” to land by the commander of Poland’s air force, the Interstate Aviation Committee said.
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China’s loan to potash billionaire Suleiman Kerimov should give the country its first direct access to companies that dominate supplying the crop nutrient to the global fertilizer industry.
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OAO GMK Norilsk Nickel’s chief executive officer is set to pocket about $100 million upon stepping down after its billionaire owners struck a deal to end a four-year feud, three people with knowledge of the plan said.
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Billionaire Suleiman Kerimov and his partners in OAO Uralkali, the largest potash producer, sold bonds to China’s sovereign wealth fund and VTB Capital that can be exchanged for shares valued at about $3.2 billion.
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Rinat Akhmetov, Ukraine’s richest man, added $3 billion to his net worth in the past six months by buying state-owned energy assets sold by his hometown political ally, President Viktor Yanukovych.
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Polish Prime Minister Donald Tusk risked worsening ties with Russia after a report on the plane crash that killed President Lech Kaczynski last year found the airport unsafe, spreading the blame to officials in Moscow.
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