LG completes US$150M Russian factory
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LG Electronics Inc. officially opened a large-scale electronics and electrical equipment manufacturing complex near Moscow on Tuesday.
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A mystery company has bought the main production arm of the Russian oil giant Yukos. Baikal Finance Group has paid the equivalent of USD9.3bn for the production operation Yuganskneftegas at an auction.
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Nokia, the world's largest mobile phone maker has signed two contracts worth over two billion euros (2.54 billion dollars) with Chinese companies China Mobile and PTAC.
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The 3G-ready LG-KS20 joins LG's Prada phone as the company's second iPhone-like design.
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LG Electronics Inc., South Korea's largest maker of consumer appliances and a major producer of cell phone handsets, said Thursday it swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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Ford's F.N car sales in Russia will   double to an estimated 120,000 units in 2006, half of them   produced locally, the head of the Russian unit Henrik Nenzen   said on Wednesday.
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MOSCOW Vimpel-Communications, Russia&#39;s No.2 mobile phone company behind Mobile TeleSystems, was hit Wednesday with a surprise claim of $157.8 million in back taxes, prompting fears of another Yukos-style tax investigation.
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LG Electronics (066570.KS) announced its  first premium camera mobile phone on Thursday and an executive  told Reuters the company aimed for 10-15 percent of this market  segment within about a year.
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Ericsson (NASDAQ: ERIC) today signed a GSM expansion framework agreement with China Mobile, valued at about USD 1 billion, at a ceremony in Sweden attended by Chinese President Hu Jintao.
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Sport: Russian steel magnate Alisher Usmanov purchases 14.58% stake in the club for Â£75m.
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LG Electronics  has won a  contest organized by the GSM Association to produce a low-cost  handset for third generation mobile phone networks, a source  close to the contest told Reuters on Tuesday.
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Investor's Business Daily - They may once have looked like the Keystone Cossacks. But Russia's troika of top wireless operators -- Mobile Telesystems  , Vimpel Communications   and Megafon -- have delivered mobile phones to most of the country's 143 million citizens in a few years.
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the world leader in production of the ultra-thin glass used by companies such as LG Philips LCD (NYSE: LPL), Sony (NYSE: SNE), Hitachi (NYSE
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MOSCOW  - Russia's little-known BaikalFinansGroup bought the core production unit of oil giant Yukos at auction for &#36;9.3 billion US on Sunday, gaining control of one of Russia's most prized oil assets.
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South Korean carmaker Hyundai says it has signed a $400m deal to build a car plant in north-west Russia.
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By Tony Glover, The Business, London  Dec. 14--American networking giant Cisco Systems is building a research  and development centre and a factory in India to manufacturer internet phones.   The company has allocated $1.1bn (Â£561m, E825m) to Chennai and Bangalore.
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Sharp Corp., the world's biggest supplier of LCD TVs, said Wednesday it plans to invest 150 billion yen (&#36;1.45 billion) to build a second plant in Japan to make the glass used in flat-screen TV panels to counter fierce competition from Asian rivals.