MOSCOW, October 18 (RIA Novosti) - Russia"s...

MOSCOW, October 18 (RIA Novosti) - Russia"s United Aircraft Corporation (UAC) said on Thursday it intended to hold an initial public offering on Russian bourses in late 2009 and early 2010 to the sum of $1-1.5 billion. The UAC was established earlier this year to help overcome the crisis in Russia"s aircraft industry, and incorporates many of the country"s best-known aircraft builders, including Mikoyan, Ilyushin, Irkut, Sukhoi, Tupolev, Yakovlev and other enterprises in the industry. A UAC official also said the corporation would float newly issued shares representing 10-15% of its charter capital by closed subscription in 2008, adding that Russia"s government-controlled foreign economic bank Vnesheconombank could participate in the offer. The UAC, which is 90% state owned, incorporates aircraft building companies and state assets engaged in the manufacture, design and sale of military, non-military, transport and unmanned aircraft in a bid to streamline the Russian aviation industry. The UAC official also said the company would borrow about 120 billion rubles (about $4.8 billion) by 2012.

MOSCOW, September 29 (RIA Novosti) - Iran"s...

MOSCOW, September 29 (RIA Novosti) - Iran"s missile program cannot but cause Russia to be concerned against the backdrop of the Islamic Republic"s unresolved nuclear issues, Russia"s envoy to NATO said on Tuesday.

MOSCOW, May 3 (RIA Novosti) - Burger King...

MOSCOW, May 3 (RIA Novosti) - Burger King Holdings, a U.S. fastfood chain, is in talks with Russian restaurants with an eye to expanding into the country, a respected business daily said Wednesday.