News, analysis and personal reflections on the markets & the financial sector

Sunday, August 17, 2008

Banks re-evaluate business stability in Russia

While most large investment banks do not plan to pull out of their investments in Russia, the country's military conflict with Georgia makes them increasingly nervous. Some banks halted new stock and debt offerings after comments by Russian Prime Minister Vladimir Putin about Mechel, a Russian mining company. Putin's criticism of the firm's CEO sent shares of Mechel plummeting.
More at http://www.iht.com/articles/2008/08/15/business/15ruble.php

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