Russia's M.video says online sales jump as rouble drops MOSCOW, Aug 28- Russian consumer electronics and white goods retailer M.video said its online sales surged in the past week as a renewed weakening in the rouble prompted some consumers to splash out on durable goods. The rouble fell sharply against the dollar on Aug. 24, approaching its 2015 low, as prices of oil, Russia's chief export, skidded.
LOTTE Hotels & Resorts Introduces LOTTE New York Palace LOTTE Hotels& Resorts assumes its ownership of the property as of August 28, 2015, making Lotte New York Palace the group's first hotel acquisition in North America. LOTTE Hotels& Resorts will also introduce the property's new branding in conjunction with its relaunch as LOTTE New York Palace in September. "Our hotel is delighted to be operating under LOTTE...
Source: PR Newswire
Russia destroys 1.6 tons of German food Russia's fight with the West continued when Rosselkhoznadzor destroyed 1.6 metric tons of German supplies intended for BMW's motor racing team.
| By: Luke Graham, special to CNBC
Poland to service Bulgaria's Soviet-era MiG-29 fighter jets WARSAW, Poland- Poland's defense ministry says the country has reached a preliminary agreement with Bulgaria to modernize the Balkan country's Soviet-era fleet of MiG-29 fighter jets. The deal comes as Bulgaria seeks to reduce its reliance on Russia in light of the Ukraine crisis, which has made many countries across the former Soviet bloc nervous.
Source: The Associated Press
Russia's Proton rocket flights resume with Inmarsat satellite LONDON, Aug 28- Russia's Proton carrier rockets resumed flight on Friday with the successful launch from Kazakhstan of one transporting a satellite for British company Inmarsat after the failure of a mission in May. Inmarsat's launch slot from the Baikonur Cosmodrome was delayed by the failure of an identical Russian-built Proton rocket carrying a Mexican...
UPDATE 2-Russian oil firms raise profits and output, spurred by rouble weakness *Bashneft, Gazprom Neft grow Q2 profits in rouble terms. *Lukoil's dollar profits down, will switch reporting to roubles. On Friday, Bashneft, a medium-sized Russian oil producer, posted a 13 percent increase in second quarter net profit to 17.9 billion roubles, following strong results by Gazprom Neft earlier this month.
| By: Katya Golubkova
China to parade high-tech weaponry in signal of strength, and shop window BEIJING, Aug 28- From ballistic missiles to fighter jets, China has rolled out a host of high-tech weaponry ahead of a parade next week commemorating victory over Japan in World War Two, in a signal of Beijing's growing confidence in its military might. China has poured capital into developing its home-grown weapons industry with an eye toward export markets as...
| By: Megha Rajagopalan
Shanghai Symphony Orchestra to Mark Anniversaries in Performance at the UN General Assembly NEW YORK, Aug. 28, 2015/ PRNewswire/-- In one of the largest concerts ever held at the General Assembly of the United Nations, August 28 will see Music Director Long Yu assemble his orchestra to represent China in a musical celebration marking 70 years since both the ending of World War Two and the establishment of the UN itself. In 2014 the SSO and the New York...
Source: PR Newswire