I live to this day as well...

Grigory Pasko, journalist

Instead of an epigraph: «Endpiece of a modern fairytale: «And had the not been rehabilitated, they live to this day as well» -- Jerzy Lec

Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда.It goes without saying that I am disappointed by the decision of the European Court of Human Rights. But no more than that. The ECHR decision in any case is belated and doesn't change anything in my life. Much worse is that this decision, in essence, is a spit into the souls of thousands of people: both those who are still waiting for positive decisions with respect ...

Citigroup Inc. (C) could be compelled to sell its profitable and highly rated Mexican subsidiary Banamex due to a probe expected this week by Mexico’s Supreme Court. A group of senators has objected that Citigroup’s Mexican subsidiary is in breach of national law since the US government bail-out of the company. National law of Mexico bans foreign governments from owning a stake in domestic banks. Banamex, or Banco Nacional de Mexico, is one of Citigroup's brightest jewels, and accounts for over $20 billion, or 15% of its global profits. A number of other foreign-dominated banks operating in Mexico also remain exposed to the same risk, as many foreign governments own stake in them following the global financial crisis. These banks include American International Group, Inc. (AIG), Bank of America Corporation (BAC) and Bank of New York Mellon Corporation (BK), as well as ...

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Friday October 2, 2009

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ATP Oil & Gas Corporation (NASDAQ: ATPG) today announced that it has amended its agreement with COSCO Nantong Shipyard Ltd. (”COSCO”) to defer $99 million in construction cost for the Octabuoy hull. The deferral will be supported by a Letter of Insurance issued by the China Export and Credit Insurance Corporation (”SINOSURE”) to the benefit of COSCO. The Octabuoy, including the hull, topsides and related equipment, will serve as the floating production and drilling facility at ATP’s Cheviot field

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In the famous film Borat, Kazakhstan is shown, to put it mildly, as a strange state. However, the government of Kazakhstan, extremely irritated by the film at the beginning, now, as they are reporting, has replaced wrath with kindness - it has already in practice felt the growing interest in its country: people have wanted to see this mysterious Kazakhstan with their own eyes and are now storming tourist agencies.

Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда.

From Russia to Almaty I flew on a half-empty airplane: Russians, apparently, know even without Borat what and how it's really like there. In Almaty itself I was amazed by two things: the almost

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[Click here to read Part 1 of this travelogue.]

Who is Zhovtis?

In recent days, the presidents of Russia and Kazakhstan met in a yurt in Orenburg. Three questions particularly worried Nazarbayev: about join control of the state border between the countries; about military-technical cooperation; about the joint construction and operation of the 3rd block of the Ekibastuz GRES-2 [State District Electrostation--Trans.] in Kazakhstan.

Если Вы хотите прочитать оригинал данной статьи на русском языке, нажмите сюда.In consideration of the fact that things in the economy of Russia aren't going well, President Dmitry Medvedev said that "with investments and innovations it is hard for now". An understandable business that these ...

Bob has written a few posts here and there about the Kazakhstani human rights activist Yevgeny Zhovtis, who was recently imprisoned following a rapid show trial.  The ordeal is catching the attention of some serious regional players, many of whom see it as the definitive proof that the country is not prepared to take on the chairmanship of the OSCE next year (if this privilege is somehow revoked, it would represent one giant leap backward for the country's reputation). Today's Economist reports, "Starting this spring, an unprecedented wave of arrests of government and state-company officials and bankers on various charges--mostly corruption or embezzlement--has caused alarm. A number of people, fearing they ...

MORNING MARKET REPORT

Gold is the August contract on the NY Mercantile Exchange. Silver, copper and oil are the September contracts.)

NEW YORK - Wall Street shares drifted to a mostly higher close on Friday as investors mulled disappointing earnings reports. The Dow Jones Industrial Average rose 23.95 points, 0.26 per cent, to finish at 9093.24. The technology-heavy Nasdaq composite dropped 7.64 points, or 0.39 per cent, to 1965.96, snapping a 12-session winning streak. The broad-market Standard & Poor’s 500 index added 2.97 points, or 0.3 per cent, to close at 979.26.

LONDON - European stock exchanges closed narrowly mixed on Friday as a near two-week rally ran into profit-taking ahead of the weekend. In London, the FTSE 100 index of leading shares was up 16.81 points, or 0.4 per cent, at 4576.61 points.

FRANKFURT - The Dax fell 17.92 points, or 0.34 per cent,

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Friday July 24, 2009

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CytRx Corporation (NASDAQ: CYTR), a biopharmaceutical research and development company engaged in the development of high-value human therapeutics, today announced that it has entered into definitive agreements with several institutional investors to purchase 15.3 million shares of common stock at $1.31 per share and warrants to purchase approximately 3.8 million shares of common stock at an exercise price of $1.70 per share. The registered direct offering will raise approximately $20.0 million from the sale of common stock and warrants, with net proceeds to CytRx of approximately $18.3 million after deduction of offering expenses.

Wyndham Worldwide Corporation (NYSE: WYN) today announced

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For Immediate Release

Chicago, IL - June 30, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Omnicell Inc. (OMCL).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday's Analyst Blog:

Supreme Court Rules Against Banks

In a surprising 5-4 vote, the Supreme Court ruled that national banks are still subject to the laws of the states they operate in. What made the ruling unusual is that Justice Scalia wrote the opinion and the other four conservative

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In a surprising 5-4 vote, the Supreme Court ruled that national banks are still subject to the laws of the states they operate in. What made the ruling unusual is that Justice Scalia wrote the opinion and the other four conservative judges were in dissent (Roberts, Thomas, Alito and the normal swing vote Kennedy). The ruling overturned an appeals court ruling that said that state attorney generals cannot investigate banks if they operate in more than one state. The case in question involved the enforcement of fair lending laws in N.Y. State, specifically allegations that some banks were charging minorities higher interest rates. Instead, even though these are state laws, the appeals court had said that only the Office of the Comptroller of the Currency (OCC) had the power to investigate. In practice, this means that the laws were null and void, since the OCC has ...