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. Last Updated: 07/27/2016


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BRIC Leaders Seek a Greater Voice

President Dmitry Medvedev led the leaders of Brazil, China and India in discussions Tuesday on reforming the global financial system and lessening reliance on the United States at the first summit of the world’s four largest emerging economies.

SCO Endorses Iranian President's Re-election

Leaders wrapped up a Shanghai Cooperation Organization summit on Tuesday with a whirl of activity: They congratulated Iranian President Mahmoud Ahmadinejad on his re-election; signed a declaration affirming a multipolar world; rebuked North Korea; promised to help Afghanistan; and pledged to allow more members into their circle.

Banks May Grant RusAl Low Restructuring Rate

United Company RusAl is in talks to restructure its $7.4 billion debt to foreign banks at no more than 6 or 7 percentage points over LIBOR, a more favorable rate than metals giants ArcelorMittal and Rio Tinto garnered for recent eurobonds.

Service Cracks Down on Misspelled State Orders

The Federal Anti-Monopoly Service has annulled contracts worth 1.2 billion rubles ($38.5 million) for state orders because of typographical distortions in six declarations, and more than 2,000 other violations have been found and will be investigated.

Gazprom Units Move Into UES Office

The Moscow Times
Gazprom chief Alexei Miller on Tuesday unveiled the new headquarters for his company's electricity assets, situated in the office of former power monopoly Unified Energy System.

Investors Wary Over Governance Quality

Corporate governance standards are deteriorating as companies stop holding initial public offerings amid the economic crisis, investors said Tuesday.

Georgians Lambast Veto on UN Mission

Combined Reports
Georgia on Tuesday criticized Russia for vetoing a resolution that would have extended the UN observer mission in the breakaway Abkhazia region, saying it showed Moscow's isolation from the world.

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