Mikhail Prokhorov News

ST. PETERSBURG, April 30 - Russia's Yo-Auto plant, co-owned by Mikhail Prokhorov, will launch serial production of its hybrid Yo-Mobiles in the second half of 2014, the Russian billionaire and former presidential candidate said Tuesday.

Russian billionaire Mikhail Prokhorov's Onexim Group has indicated that it may consider buying a 10.7% stake in state-run national operator Rostelecom from Marshall Capital , after the fund annulled a recent deal with construction tycoon Arkady Rotenberg.

Mikhail Prokhorov's company Onexim, is considering buying debt in Rusal, the world's largest aluminum producer, to wield more influence in the company's management.

Russian stocks dropped to a 10- month low as crude retreated and metal producers fell after a report signaled China 's manufacturing is slowing, spurring concern commodity demand will falter.

Billionaire politician Mikhail Prokhorov has criticized the Investigative Committee's official spokesman Vladimir Markin for his scathing comments about opposition activist Alexei Navalny, who is set to go on trial this week in a case his supporters have called politically motivated.