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. Last Updated: 07/27/2016


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Banks May Need $16Bln in Capital

Banks may need an additional 500 billion rubles ($16 billion) in capital this year to weather an increase in bad loans, a Central Bank official said Wednesday.

Arbat Prestige Defendants Offer $7.5M Bail

Former cosmetics retail king Vladimir Nekrasov and reputed crime boss Semyon Mogilevich offered on Wednesday to post bail of $7.5 million — five times more than the amount they are accused of failing to pay in taxes — as preliminary hearings opened for their high-profile trial.

Russians Think Boss Is Corrupt

A majority of Russian employees think that corporate fraud will grow in coming years, and only a small fraction think that their management is honest, a survey of Russian and European employees found.

More Companies Are Recruiting Managers

An increasing number of Russian companies are looking to hire managers, especially in the pharmaceutical industry, according to a survey released Wednesday.

Egypt Tests Third Shipment of Wheat

Egypt tested a third wheat shipment for dead insects, an Egyptian newspaper said, after it has quarantined over 80,000 tons of Russian wheat over the past two weeks, citing quality concerns.

Renowned Actor Oleg Yankovsky Dead at 65

In addition to theater, Yankovsky appeared in more than 70 films, often cast as an aristocrat because of his stately appearance.

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