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. Last Updated: 07/27/2016

10/01/2008

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2-Hour Break Turns Markets Around

Trading on the country’s stock exchanges was suspended for two hours on Tuesday morning in an attempt by the federal market regulator to prevent Monday’s nightmare trading in the United States from sparking an equal freefall for Russian indexes.

Energy Firms Hit As Credit Dries Up

In the fallout from the global financial crisis, rising lending rates and a liquidity crunch are forcing some of the country’s energy companies to reduce their projected investment spending.

Medvedev Soldiers On in Corruption Battle

Despite the recent conflict with Georgia, his attention remains focused on the problem of graft, the president says.

Brokers May Face More Control

Reuters
The Central Bank’s regulatory reach should extend to investment firms, a top official said.

Fitch Report Dampens PIK's Gains

Combined Reports
PIK rose as much as 19 percent Tuesday in London after posting strong results, but it lost most of the gains after Fitch said Russian property developers were likely to be among the worst hit by a deteriorating financing environment.

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