U.S. Private Equity Investor Detained In Moscow On Fraud Charges
The American founder of one of the oldest and largest Russia-focused private equity firms was detained on fraud charges in Moscow on Friday in a case that jolted the country’s business community.
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...
The Rise Of A.I. Is Sparking An International Arms Race
"Artificial intelligence is the future not only of Russia but of all of mankind ... Whoever becomes the leader in this sphere will become the ruler of the world," said Russian President Vladimir Putin to a group of students two weeks ago.
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 ...
Men Bet She Would Fail; Now She Runs a $26 Billion Fund
Dawn Fitzpatrick manages the billions in family wealth of the investor George Soros. But she takes over at an unsettled moment for global markets....