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Analyst Who Called Russia’s 1998 Crash Says Stock Outlook Is ‘Grim’

Veteran Russia strategist John-Paul Smith has a warning for anyone looking to buy the nation’s stocks on the cheap after this week’s selloff, Bloomberg News reported. “Investors could become collateral damage from the actions of either side in the new co ...

Daily Headline - global.abi.org - 04/15/2018 - 22:51 - 0 comments

Russia's Debt Just Got Costlier to Insure Than South Africa's

Russia’s credit risk jumped above South Africa’s for the first time in more than 18 months. The cost of insuring Russian debt against non-payment, as measured by five-year credit default swaps, has climbed 40 basis points this week to 162 as the stand-of ...

Daily Headline - global.abi.org - 04/11/2018 - 23:41 - 0 comments

Country report from the Netherlands

The Dutch Minister’s announcement of a multi-disciplinary approach to combat bankruptcy fraud has lead to a legislative programme that went into force last year, wherein the duty of the trustee is extended to combat bankruptcy fraud. Attachme ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:48 - 0 comments - 1 attachment

VTB-Led Group Open to Buying Out Ruia in Race to Win Essar Steel

A consortium led by VTB Group, Russia’s second-largest bank, said it is willing to buy out a local partner to ensure its offer for an indebted Indian steel mill meets government rules, setting up a contest with billionaire Lakshmi Mittal, Bloomberg News ...

Daily Headline - global.abi.org - 03/16/2018 - 01:10 - 0 comments

Insolvency of Banks in russia: A threat to the economy?

After the collapse of the Soviet Union the banking sector in Russia was quickly developing and at the start of the twenty first century it consisted of more than 1,000 banks. Most of these banks had been established to serve the main business of the sh ...

Resource Article - twallace@abiwor... - 03/13/2018 - 12:36 - 0 comments - 1 attachment

Arcelor, VTB Hit Snag in Pursuit of $6 Billion Indian Steelmaker

ArcelorMittal and Russia’s state-controlled VTB Group have hit a fresh snag in their pursuit of Essar Steel India Ltd., an insolvent producer that could fetch at least $6 billion, Bloomberg News reported. Advisers evaluating the offers for Essar Steel ar ...

Daily Headline - global.abi.org - 02/21/2018 - 00:18 - 0 comments

Russia Could Weather Even Venezuela-Type Sanctions, Moody's Says

Moody’s Investors Service isn’t too concerned about a classified U.S. Treasury report about sanctions that’s been hanging over Russian bond markets. The ratings agency said that it would consider raising Russia to investment grade even if the nation is b ...

Daily Headline - global.abi.org - 02/01/2018 - 21:28 - 0 comments

Kremlin Hopes Rosneft/Sistema Settlement to be Smoothly Implemented

The Kremlin said yesterday that it hoped an out-of-court settlement reached between Russia’s largest oil producer Rosneft and the Sistema conglomerate would be implemented smoothly, Reuters reported. In a phone call with reporters, spokesman Dmitry Pesko ...

Daily Headline - abi_admin - 12/26/2017 - 01:06 - 0 comments

Russia, Venezuela Sign Deal on $3.15 Billion Restructuring

Russia signed an agreement to restructure $3.15 billion of debt owed by Venezuela, throwing a lifeline to a crisis-wracked ally that’s struggling to repay creditors, Bloomberg News reported. The pact gives Venezuela some much-needed breathing room as it ...

Daily Headline - global.abi.org - 11/16/2017 - 00:38 - 0 comments

Rosneft Reports Lower Than Expected 81% Profit Rise

ratio of assets to liabilities fell to 0.52 in the quarter, from 1.17 a year previously, after ...

Daily Headline - global.abi.org - 11/14/2017 - 23:55 - 0 comments

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