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Joseph Hooley Elected to ExxonMobil Board of Directors
Businesswire.com, November 26, 2019:
Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018.
With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors.
Hooley's previous experience leading a large global financial services organization, along with operational and risk management expertise, will bring valuable skills to the ExxonMobil board. State Street is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading.
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Convergent completes oil refinery battery storage project for Shell Canada
Energy-storage.news, November 26, 2019:
Developer Convergent Energy & Power's first projects out of a joint venture (JV) with Shell have come online, while GE Renewable Energy touted the imminent implementation of the country's 'first hybrid electric gas turbine' project.
Business division Shell New Energies said in May this year that it had spotted opportunities in Canada linked to the Province of Ontario's policies that reward large users of energy that reduce their demand for grid energy at peak times and
created the JV with Convergent Energy & Power
, offering the latter's services and products to its C&I customers.
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Russian-British trade growing & expected to reach $15 billion this year
Rt.com, November 27, 2019:
The volume of trade between the UK and Russia may rise eight percent in 2019 compared to last year, the Russian Trade Representative to the UK announced at a business forum in London.
The growth of trade turnover between the two countries has been more rapid this year, Boris Abramov said on Wednesday, when the 5th Russian-British Business Forum (RBBF) opened at the Queen Elizabeth II Center.
"We expect the volume of trade to reach $15 billion by the end of 2019,"
he stated as cited by TASS. He added that in the first nine months of this year Russia's non-resource exports to the UK jumped 22 percent, while last year this figure stood at eight percent.
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Russia's national payment system MIR looks to expand to Europe
Rt.com, November 27, 2019:
MIR payment system, developed by Russia in response to Western sanctions, is set to hit the European market. It will launch a pilot project at the Russian-British business forum in London on Wednesday.
PayXpert will become the unique acquirer of MIR cards in Europe, and the UK will be the first country where the system will operate, according to one of the organizers of the business event, the Roscongress Foundation.
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Rostec Expects Car Sales in Russia to Grow by Year-End
Russiabusinesstoday.com, November 27, 2019:
Russia's state-run defense and technology giant
Rostec
expects an increase in the volume of Russian cars exports by the end of this year, the company's Director for International Cooperation and Regional Policy Viktor Kladov said in an
interview
with TASS on Wednesday.
"I expect that," he said when asked whether the supplies of cars to international markets might demonstrate growth.
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Moscow Region officials and Indian pharma companies discuss cooperation in Mumbai
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Russian and Chinese Investment Companies Agree to Set up $1Bln Joint Fund
Sputniknews.com, November 26, 2019: T
he fund will be aimed at strengthening trade and economic ties between Russia and China, promoting Russian business in Guangdong, and encouraging Guangdong's companies to enter the Russian market.
The Russian Direct Investment Fund (RDIF), the Russia-China Investment Fund (RCIF) and the investment fund of China's Guangdong province have agreed on
key conditions for creating a joint Russian-Chinese Greater Bay Area Fund
with a volume of $1 billion, the RDIF said on Tuesday.
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Yandex Shareholders Meet with Putin Following Major Governance Changes
Russiabusinesstoday.com, November 27, 2019:
Russian President Vladimir Putin said on Tuesday he met with shareholders in tech firm
Yandex
, Interfax news agency
reports
.
The meeting took place just days after the company approved
changes to its corporate governance structure
, a development which was interpreted by some analysts as Kremlin's attempt to exert control over Russia's biggest internet company.
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Houston - Tyumen Sister Cities
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Tyumen companies were awarded the premium status on the world's largest electronic platforms
En.admtyumen.ru, November 26, 2019:
The Tyumen Region Export Support Center summarized the selection results for free placement of small and medium-sized businesses at Alibaba, All.biz and GRT platforms for a period of one calendar year.
The accounts of the Tyumen enterprises were activated on the world's largest electronic trading platforms at the end of the last week. Three companies were granted the status of "A Golden Supplier" at Alibaba: Tyumen Aerosols, Zavodoukovsky Butter Factory and Tyumen Eco-Product. Six more companies obtained the same status at All.biz: INOMA, Okeich, Rusich, Tobol Timber Company, Bison Trading Company, and Individual Entrepreneur Muratov.
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Uzbek-Chinese joint venture UzXCMG: production of new types of heavy industrial equipment
Uzdaily.uz.com, November 27, 2019:
At present, modern and high-quality heavy industrial equipment of the Uzbek-Chinese joint venture UzXCMG is effectively used in construction work throughout the republic.
For the past five years, the company has been growing, from year to year it has been increasing the range of production. Today, production of more than 40 types of construction, road-building and reclamation equipment has been established here. Starting in the second half of 2019, production of new lines was established - excavators with a more capacious bucket (bucket volume 6 m³) for large-scale operations in the mining industry, for transportation of bulky goods - dump trucks with a lifting capacity of 60 and 120 tons, truck cranes with a lifting capacity of 50 to 100 tons.
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Int'l telecommunications exhibition opens in Ashgabat
En.trend.az, November 27, 2019:
Turkmentel 2019, a two-day international exhibition and scientific conference on telecommunications, telemetry and information technologies, has opened in Ashgabat city,
Trend
reports referring to the Turkmenaragatnasyk (Turkmen communications) agency and the Turkmen Chamber of Commerce and Industry, which jointly organize the event.
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Belarus, Kyrgyzstan mulling over new assembly plants
Kabar.kg, November 27, 2019: The Forum of Border Regions of Belarus and Russia on legislative securing of business cooperation will take place in Bryansk on 28-29 November, BelTA learned from the press service of the Parliamentary Assembly of the Belarus-Russia Union State. "The forum is held to discuss joint activity of economic entities of Belarus and Russia, reveal barriers and restrictions in mutual trade, develop proposals to harmonize the legislation of the two countries in the trade and economic area," the press service said.
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US-Russia Related News in Russian
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Стоимость акций «Яндекса» побила исторический рекорд
Iz.ru, 27 ноября, 2019: Стоимость акций «Яндекса» на Московской бирже 27 ноября достигла нового исторического максимума, следует из материалов
торгов. По данным на 18:07 мск цена поднялась до отметки 2682 рубля за штуку, на 3 рубля превысив предыдущий рекорд - 2679 рублей, - установленный 26 июля 2019 года.
На пике роста цена акций на 1,75% превышала уровень закрытия предыдущих торгов. К закрытию нынешних цена акций снизилась до 2668 рублей.
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Чем объясняются рекорды «Лукойла»
Gazeta.ru, 27 ноября, 2019:
Свободный денежный поток «Лукойла» за девять месяцев 2019 года составил 517,1 млрд руб., что на 50,8% больше, чем за аналогичный период предыдущего года. При этом за весь 2018 год этот показатель составил 555 млрд руб. Рост связан с увеличением операционного денежного потока на фоне сокращения капитальных затрат (на 7,2% по итогам 9 месяцев 2019 года), объяснила компания. Несмотря на опровержения, сложившаяся динамика наводит на мысли о предстоящих значительных изменениях в компании рассуждают опрошенные «Газетой.Ru» эксперты.
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The USRCC is looking for new team members!
Volunteers
play a key role and the contributions they make impact the day-to-day functions of the chamber and shape the future of the relationship between Russia and the U.S.
There are many ways you can get involved with the USRCC. Whether you are an experienced leader or a student, there is a place for you.
By volunteering you can be at the very centre of our high-profile events held in Houston, Chicago and New York City and interact with influential leaders in the U.S.-Russia trade and investment.
To learn more about the position
click here or contact us directly at
info@usrussiacc.org
call 713.429.4680
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