Today in Russian Business – Nov 5, 2008
Source: http://www.robertamsterdam.com/2008/11/today_in_russian_business_nov_2.htmPosted on Wednesday, November 5th, 2008 | In Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
Speculation that Barack Obama’s presidency will boost the country’s relations with the US has helped Russian stocks to rally for their sixth day in a row. Vneshekonombank is to act as an agent for $6.41 billion of National Welfare Fund money as part of the government’s economy rescue plan. British-Russian miner Aricom is fighting to cut costs for external projects as it struggles to deal with a share price drop of 90%. Two government representatives are to be appointed to the board of Norilsk Nickel.
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Tags for this Post:
Aricom, Barack Obama, National Welfare Fund, Norilsk Nickel, Russia, United States, USD, Vneshekonombank
Aricom, Barack Obama, National Welfare Fund, Norilsk Nickel, Russia, United States, USD, Vneshekonombank
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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