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. Last Updated: 07/27/2016

11/21/2008

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Putin Unveils $14.6Bln Tax Cut

Prime Minister Vladimir Putin unveiled a new $14.6 billion measure Thursday aimed at helping businesses withstand the current economic downturn, spending likely to further drain the Reserve Fund next year.

Liquidity Slips Into Everyday Lexicon

Liquidity, a term rarely heard outside of boardrooms and brokerages just months ago, has been making its way into kitchen-table conversations, as a financial crisis catalyzed by the integration of global financial markets has come to threaten the country’s recent prosperity.

UFG's Boris Fyodorov Dies, 50

Staff Writers
Boris Fyodorov, a Soviet-era adviser on free-market reforms and co-founder of the United Financial Group investment bank, died Thursday in London. He was 50.

Norilsk Profit May Fall 75% in 2009

Norilsk Nickel’s profit may fall by as much as 75 percent in 2009 as demand has fallen in the midst of the financial crisis, the firm’s chief executive Vladimir Strzhalkovsky said Thursday.

S&P Lowers Rating Of Russian Standard

Standard & Poor’s docked Russian Standard Bank’s long-term rating by one notch Thursday, lowering it to B+ from BB- in the first downgrade of a major domestic lender since the financial crisis began.

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