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Chair says cbank cuts key rate 0.5 pp on new 2018 econ outlook

The Russian central bank has reduced the key rate by 0.5 percentage points after changing a 2018 economic outlook and after OPEC and non-OPEC oil producing states agreed to extend an output reduction deal, Chairwoman Elvira Nabiullina said at a press conference on Friday.

Mechel, Kyrgyz Temir Zholy to expand cooperation

Mechel-Steel, a subsidiary of Russian metals and mining company Mechel, and Kyrgyzstans state railway company Kyrgyz Temir Zholu have signed a letter of intent to expand cooperation, Mechel said in a statement on Friday.

Sberbank, Yandex JV to create 34 projects, may float them

A joint venture between Russias top bank Sberbank and Internet giant Yandex will create three or four projects that may be floated, Sberbank First Deputy CEO Lev Khasis said on Thursday during a presentation of the banks strategy until 2020.
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Dixy Groups board of directors to meet, discuss business plan for 2018
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