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. Last Updated: 07/27/2016

For the Record

Russia’s annual inflation rate accelerated last month to 8.8 percent, the highest in a year, the State Statistics Service said, revising its Jan. 5 estimate for price growth of 8.7 percent. (Bloomberg)

Pump manufacturer HMS Hydraulic Machines and Systems Group is planning an initial public share offer in London, the company said Monday, aiming to raise about $500 million. (Reuters)

BEIJING — China will likely import 1.2 billion kilowatt hours of electricity from Russia this year, up 22 percent from the 980 million kwh in 2010, China Electric Power News reported on Tuesday. (Reuters)

Gazprom Neft and TNK-BP agreed to acquire equal stakes in a company that holds licenses to develop the Messoyakha oil and gas fields in the Arctic region, and will spend up to $18 billion to develop the deposits, according to a joint statement issued Tuesday. (Bloomberg)