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Deutsche Bank probes $6 billion suspected money laundering

Last Updated: Saturday, June 6, 2015, 08:29

Deutsche Bank AG is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told Reuters on Friday.

World Bank improves outlook of Russia`s battered economy

Last Updated: Monday, June 1, 2015, 21:06

The World Bank on Monday said it saw some improvement in Russia`s battered economy, predicting it would shrink by 2.7 percent this year and return to growth of 0.7 percent in 2016.

Emerging market capital flows to hit lowest level since 2009: IIF

Last Updated: Friday, May 29, 2015, 09:40

Capital flows to emerging economies are projected to fall to $981 billion this year, their lowest level since 2009, from $1.05 trillion in 2014.

Venezuela, Russia's Rosneft agree on $14 billion oil, gas investment

Last Updated: Thursday, May 28, 2015, 08:29

"We had a great meeting and agreed on investment of over $14 billion," said Maduro during a televised broadcast, adding the funds would go towards doubling Venezuela`s oil production. 

No plans to turn BRICS into military alliance: Russia

Last Updated: Thursday, May 28, 2015, 00:13

Russian Deputy Foreign Minister Sergei Ryabkov said on Wednesday that there was no plan to turn the BRICS grouping into a military alliance.

Russia to pay record $800 million to savers in collapsed bank

Last Updated: Friday, May 22, 2015, 18:35

Depositors in a Russian bank that collapsed due to the economic crisis will receive a record insurance payout of nearly 40 billion rubles (USD 800 million), an official said Friday.

China-backed AIIB sets target to be operational by year-end

Last Updated: Friday, May 22, 2015, 13:22

AIIB said in a statement that the meeting finalised the articles of agreement, which are expected to be ready for signing by the end of June, but did not give details.

IMF sees less pessimistic outlook for Russian economy

Last Updated: Thursday, May 21, 2015, 20:56

The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.

China, India, Russia to be top 3 shareholders of AIIB: Expert

Last Updated: Thursday, May 21, 2015, 18:35

China will be the largest shareholder in the newly floated Asia Infrastructure Investment Bank (AIIB) with a 30.85 percent stake followed by India and Russia, Chinese officials have said.

Russia drops opposition to EU-Ukraine trade deal starting 2016: EU

Last Updated: Monday, May 18, 2015, 22:35

Russia has dropped its demands for a further delay in a landmark EU-Ukraine trade deal at the heart of the Ukraine crisis and accepts that it will now begin next year, the EU said Monday.

President Mukherjee asks Indians abroad to invest in India

Last Updated: Sunday, May 10, 2015, 17:26

President Pranab Mukherjee Sunday asked the Indian community in Russia to bring in their skills and capital to support the government's initiatives to make the country a global manufacturing hub.

Russia's Tomsk region seeks investments from India

Last Updated: Tuesday, May 5, 2015, 19:25

Seeking investments into the Tomsk region, a business delegation from Russia Tuesday expressed interest to participate in the development of smart cities in India.