Yandex, Russia’s most popular search engine, is planning a £1 billion ($1.56 billion) initial public offering in London in the first half of 2011, the Mail on Sunday reported. (Bloomberg)
Norilsk Nickel, the largest holder in U.S. metals producer Stillwater Mining, said Monday that it plans to sell 37 million shares in the company and may withdraw its interest entirely to focus on “core” operations. (Bloomberg)
Strabag, central Europe’s biggest construction company, said Monday that third-quarter net income fell to 119.7 million euros from 126.2 million euros a year earlier. (Bloomberg)
The Central Bank has sold about $5 billion this month managing the ruble’s exchange rate, First Deputy Chairman Alexei Ulyukayev said, RIA-Novosti reported Monday, adding that net capital outflow may be closer to $20 billion this year than the official forecast of $22 billion. (Bloomberg)
The Moscow city government cut borrowing planned for the end of this year and the start of 2011 by 116 billion rubles ($3.7 billion), Interfax reported on Monday, citing Mayor Sergei Sobyanin. (Bloomberg)