* Only state spending on big projects can help -cbank,
MOSCOW The Russian central bank cut its key interest rate to 7% on Friday, lowering the cost of borrowing for the third time this year, and said another rate cut was possible at one of the next three board meetings.
MOSCOW VkusVill, a fast growing Russian supermarket chain, is planning an initial public offering (IPO) in New York and expansion overseas, targeting markets in Europe and China.
MOSCOW Russia is expected to cut interest rates further amid slowing economic growth and inflation and a relatively steady rouble, provided there are no new external shocks, a monthly Reuters poll showed on Friday.
Russia's stock market is likely to struggle to climb higher by the end of this year, along with its global peers, but a Reuters poll of market experts foresees it gaining again in 2020.
MOSCOW Russian state lender Promsvyazbank (PSB) has stepped up gold purchases in the market, Deputy Finance Minister Alexei Moiseev said on Tuesday.
MOSCOW Two Russian pilots safely landed an airliner carrying 233 people in a cornfield outside Moscow after striking a flock of birds, prompting the Kremlin to hail them as heroes who will receive top state awards. | Video
MOSCOW Russia's top nuclear official promised on Monday to succeed in developing new weapons as he paid tribute to five scientists killed in what U.S. experts suspect was the botched test of a new missile vaunted by President Vladimir Putin. | Video
MOSCOW, Aug 11 Russia has bestowed posthumous
awards on five nuclear experts and "national heroes" who died in
a mysterious explosion at sea during a rocket engine test,
authorities said on Sunday.