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. Last Updated: 07/27/2016

10/16/2009

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Italians To Make Meat for Big Macs

Italy's Cremonini Group will open a new meat-processing plant in the Moscow region to produce hamburgers for McDonald's by year-end as it moves to build a full production chain in Russia.

Carrefour Pulls Out After Just 4 Months

The surprise announcement came as the Paris-based retailer reported a third straight drop in quarterly sales and amid reports that it was under pressure from shareholders to sell assets in emerging markets.

Banks Easing Terms for Consumer Loans

State-controlled Sberbank and VTB-24 have cut interest rates and down payment requirements as billions of dollars in government cash flood the banking system.

Deputies Signal Boycott Is Over

Medvedev had a meeting with Duma deputies scheduled for Oct. 27, but he might move it to next week at the request of the Communists and LDPR, his spokeswoman Natalya Timakova said.

Sberbank, VTB Pass On AvtoVAZ Stakes

The bad news came just a week after First Deputy Prime Minister Igor Shuvalov, the government's point man on the AvtoVAZ rescue, flew to Tolyatti to tour the factory, which he said had "good and realistic prospects" for the future.

Kremlin Aide Slams Youth Policy

Nashi activists and United Russia deputies had called for Ella Pamfilova's dismissal after she condemned Nashi for “persecuting” journalist Alexander Podrabinek for his criticism of World War II veterans.

Norilsk, BHP to Start Arctic Mining in 2015

Reuters
BHP Billiton, the world's largest miner, will join Norilsk in developing the Syradasai deposit in a project that could eventually produce as much coking coal for the steel industry as Russian market leader Mechel produced last year.

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