Business in Brief
- By Unknown
- Apr. 23 2008 00:00
The number of millionaires worldwide has increased to 8 million, a rise of 4.5 percent from last year, including 131,000 in Russia, according to a study by Knight Frank and Citi Private Bank, Vedomosti reported Tuesday.
The number of millionaires in Russia rose 7 percent on the year, with nearly 0.1 percent of the population qualifying, the newspaper said. (MT)
Oil Hits Record $118
LONDON -- Oil rose to a record high of more than $118 on Tuesday, boosted by a jump in oil demand last month from China and worries about supply from key producers Russia and Nigeria.
"The news that Russia … will produce less this year than the year before and Nigeria's output may be set to fall … makes people realize high prices are justified," said Bob Greer, executive vice president at commodity fund manager PIMCO. (Reuters)
European Medical Center
Sistema, billionaire Vladimir Yevtushenkov's holding company, is in talks to buy pharmacy chain 36.6's European Medical Center, said Vladimir Gurdus, the head of Sistema medical unit Medsi, Vedomosti reported Tuesday.
The purchase may take place by the middle of this summer, the newspaper said. 36.6 expects to receive $100 million for the center, Vedomosti reported, citing a Medsi official. (Bloomberg)
100 CIS Companies on LSE
LONDON -- Exactly 100 companies from Russia and other members of the Commonwealth of Independent States have now listed on the London Stock Exchange, the LSE said Tuesday.
Retailer Magnit became the 100th to list, the LSE said. (Reuters)
2 Execs Leave X5 Board
Tatyana Franus, a founding member of the country's biggest food retailer, X5 Retail Group, has resigned from the company's supervisory board, according to a statement released Tuesday evening.
The resignation of Franus, who helped found the Pyatyorochka chain, comes a day after billionaire Andrei Rogachyov left the X5 board. (Bloomberg)
Gazprom's Price for Poland
WARSAW -- Gazprom may want to raise the price of the natural gas it sells to Poland by 10 percent, following increases in global prices, Rzeczpospolita newspaper reported Tuesday, without saying where it got the information.
Gazprom, which sells Poland 8 billion cubic meters of gas per year, will probably demand $370 to $380 for every 1,000 cubic meters, compared with the price of $340 now, the paper said. (Bloomberg)
For the Record
President Vladimir Putin has signed a decree on the development of Oboronprom under which the federally owned stakes of 10 firms would be added to the company's charter capital, Interfax reported Tuesday. (MT)
Peugeot CitroСn plans to build a second factory in Russia after concluding talks with a partner by the end of June, Vedomosti said Tuesday. (Bloomberg)
LUKoil will recommend the board approve a dividend for last year of 42 rubles ($1.80) per share, Interfax reported Tuesday. (Bloomberg)
Gazprom is negotiating an accord with Eni to develop a gas project in Libya, Gazprom deputy CEO Alexander Medvedev said, Corriere della Sera newspaper Tuesday. (Bloomberg)