Today in Russian Business – Oct 1, 2008
Source: http://www.robertamsterdam.com/2008/10/today_in_russian_business_oct.htmPosted on Wednesday, October 1st, 2008 | In Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
Russia suspended trading on its MICEX again yesterday morning for two hours, reportedly in an attempt to prevent volatility in the US market from spreading. Just how hard is the financial crisis hitting the oligarchs? Will debt problems in certain Russian banks and corporations lead to bankruptcies? And will cheaper Russian stocks yield bargains to eager investors? Eurocement says Russian cement prices may drop another 10%, making a total drop of 33% for the year. Russian property developer PIK lost most of its gains on a negative outlook for the sector. Russia has banned all Chinese food imports containing milk over fears of a health scare.
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 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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