OAO Lukoil, Russia’s second-largest oil producer, said profit fell 11.5 percent in the third quarter as gains on lower tax the previous year weren’t repeated.
OAO Moscow Exchange halted derivatives trading between 1 p.m. and 1:58 p.m. today.
OAO Gazprom’s 40 percent rally from a four-year low is poised to falter, BCS Financial Group said.
Russian stocks rose for a third day as shares of OAO Bashneft jumped after the oil producer announced plans for an interim dividend.
Belarus prosecutors are studying a Russian request to extradite OAO Uralkali Chief Executive Officer Vladislav Baumgertner, detained in Minsk since August.
Billionaire Suleiman Kerimov received a new approach for his stake in potash producer OAO Uralkali from Russian property investor Alexey Khotin, according to four people with knowledge of the matter.
Luis Saenz, chief executive officer of the U.S. unit of Moscow brokerage Otkritie Financial Corp., has decided to leave the company after today, he said by e-mail.
TCS Group Holding Plc, the owner of Russia’s Tinkoff Credit Systems, declined in London trading on speculation it may have to set aside more money for souring loans, according to an investment manager.
VimpelCom Ltd. and OAO Mobile TeleSystems rallied in New York after agreeing to sell iPhones, ending a dispute with Apple Inc.
The largest discount in two months for OAO Magnit’s Moscow-traded shares relative to the London stock is a buying opportunity, according to BCS Financial Group.
"Our phones have been ringing with angry clients."
- Luis Saenz on Nov 13, 2013