Russia's $4B Bond Sale Defies UK Spat As Bids Roll In
A deepening diplomatic spat with the West and a fresh round of penalties weren't enough to deter investors from bidding for almost double the $4 billion of euro bonds sold by Russia. Institutional investors from the UK snapped up half the 2047 notes on offer, while Russians were the biggest buyers of a new 11-year bond.
Russia May Invest In Saudi Aramco IPO Via Fund With China
Russian banks and a joint Russia-China investment fund are eager to participate in Saudi Aramco’s initial public offering, according to the head of a sovereign Russian investment fund.
How Chinese Money Will Transform The Arctic
As the Arctic Circle’s ice melts away, people of the High North feel their top-of-the-world economy heating up. Gold mines, roads and a full spectrum of energy projects dot the horizon—with Russia leading the way and other Arctic countries scrambling to catch up.
Present Value of Poli-tech | Emerging Markets Alternatives
Reconciling a sluggish global economy and all round uncertainty with rallying stock markets and tight spreads is preoccupying most minds today. While the market pundits seek to resolve the current di...
Russian Real Estate Tycoon Convicted, Freed
A Russian court has convicted flamboyant real-estate tycoon Sergei Polonsky of large-scale embezzlement but released him from custody, saying that the statute of limitations has expired. Here's what he was charge with.
Odey Cites Hitler's Russia Debacle, Minsky For Outlook
Crispin Odey, whose main hedge fund lost almost 50 percent last year through failed bets on falling asset prices, says he’s sticking with a bearish outlook because of the number of people borrowing money they can’t pay back. Explaining his views, Odey cited Adolf Hitler’s armaments minister Fritz Todt, who predicted the German war effort would stall in Russia in 1942. “What he could see was that the lines of supply were at breaking point,” the fund manager wrote in an investor letter seen by Bloomberg News. “Success was the necessary ingredient of failure.” Odey warned in October that U.K. stocks...
Asian Energy Firms Fired Up By Rally In Oil Prices
HONG KONG: Oil prices pressed on with fresh gains in Asian trade on Tuesday (May 16), boosting energy firms, after Russia and Saudi Arabia indicated they could extend an output cut into next year. The world's top two crude-producing nations raised the idea at the weekend, with a deal agreed ...
Emerging Market Hedge Fund Assets Hit Record $200B
The assets of hedge funds investing in emerging markets have surged above the $200 billion mark for the first time, rising by $9.3 billion in 2016, according to industry tracker Hedge Fund Research (HFR) said on Thursday. The Chicago-based group said the growth had been led by hedge funds invested in Russia and Latin America, with total capital invested in Latam-focused hedge funds increasing by $6.3 billion in 2016 and the assets of Russia and Eastern Europe-focused funds up $2.5 billion. “Strong performance gains, specially focused on Latin America and Russia/Eastern Europe, contributed to this growth as investors positioned for...
CEO Of Russia's State Oil Company Offered Trump Associate A Stake If Sanctions Were Lifted
An unverified dossier with claims about President Donald Trump's ties to Russia contained allegations that the CEO of Russia's state oil company, Igor Sechin, offered former Trump ally Carter Page and his associates a 19% stake in the company in exchange for the lifting of US sanctions on Russia.
Recovering Russia Lures Investors, Even After Bumper Year Of Returns
<p>It's been a tough couple of years for Vladimir Miroshnikov, head of business development at Rolf, one of Russia's biggest car dealerships. But like many foreign investors, he's banking on an economic turnaround in 2017.</p> <p>Russian car sales, once growing around 50 percent a year, dropped off a cliff in 2015 after the rouble's 2014 collapse and fell a further 10 percent in 2016.</p>