Correspondent, New York
Megan's Feed
Nov 12, 2011

ECB bond buys will go as far as needed: Kranjec

MOSCOW (Reuters) – Italy’s austerity reforms go in the right direction and the European Central Bank is willing to support sovereign borrowers as long as it does not put price stability at risk, a senior European central banker told Reuters on Saturday.

Traders said the ECB bought Italian bonds aggressively this week to contain a spike in yields that has pushed financing costs on its sovereign debts of 1.9 trillion euros ($2.6 trillion) above sustainable levels.

Nov 11, 2011

Deutsche Bank buys up rest of Russian asset manager

Nov 11 (Reuters) – Deutsche Bank is
increasing its presence in Russia with a deal to buy Deutsche
UFG Capital Management, an asset management business with about
370 million euros ($505 million) of assets that Deutsche already
has a 40 percent stake in.

Deutsche, Germany’s flagship lender, said the deal would
strengthen its position in Russia and give its clients better
access to investments in the country — which is forecast by the
government to increase its GDP at 4.1 percent this year and 3.7
percent in 2012.

Nov 7, 2011

Russia’s Evraz rises in full London trading debut

MOSCOW, Nov 7 (Reuters) – Shares in Russia’s Evraz
rose almost 4 percent on its first day of trading on the premium
segment of the London Stock Exchange, as the steelmaker
part-owned by tycoon Roman Abramovich came a step closer to the
prestigious FTSE 100.

Evraz is among a string of Russian companies seeking a
higher international profile, greater liquidity, a broader
shareholder base and better long-term access to capital markets
via a London listing and inclusion in its blue-chip index.

Oct 28, 2011

Polymetal eyes FTSE 100 with London listing

LONDON/MOSCOW, Oct 28 (Reuters) – Shares of Polymetal
, one of three Russian miners seeking to
enter the prestigious FTSE 100 Index, started conditional
trading in London on Friday and nudged slightly higher after
pricing at the low end of a range.

The miner along with Polyus Gold and steel maker
Evraz are set to make history if — as expected — they
become the first Russian stocks to enter the blue chip index.

Oct 28, 2011

Fear of Kremlin whim stalks Russian FTSE hopes

MOSCOW (Reuters) – A delay in allowing billionaire tycoon Mikhail Prokhorov’s gold firm Polyus to sail into the prestigious FTSE 100 Index, while probably procedural, leaves nagging concerns that politics and business in Russia make for a dangerous cocktail.

The postponement, ordered by a committee chaired by Prime Minister Vladimir Putin, comes just two months after Prokhorov’s sudden exit from Russian politics following an acrimonious clash with the Kremlin.

Oct 27, 2011

Analysis: Fear of Kremlin whim stalks Russian FTSE hopes

MOSCOW (Reuters) – A delay in allowing billionaire tycoon Mikhail Prokhorov’s gold firm Polyus to sail into the prestigious FTSE 100 Index, while probably procedural, leaves nagging concerns that politics and business in Russia make for a dangerous cocktail.

The postponement, ordered by a committee chaired by Prime Minister Vladimir Putin, comes just two months after Prokhorov’s sudden exit from Russian politics following an acrimonious clash with the Kremlin.

Oct 25, 2011

Polyus London listing delayed by Russian government

MOSCOW, Oct 25 (Reuters) – Gold miner Polyus Gold , part controlled by tycoon Mikhail Prokhorov, said on
Tuesday it had failed to win approval from the Russian
government for its proposed move to London’s prestigious FTSE
100 index.

Polyus, controlled by Prokhorov and potash magnate
Suleiman Kerimov, said in a statement the government commission
that evaluates potential foreign investment in Russia had
delayed a decision on whether to approve the plans.

Oct 17, 2011

Russia’s Evraz seeks UK listing, share exchange

MOSCOW, Oct 17 (Reuters) – Russian steelmaker Evraz , part-owned by billionaire Roman Abramovich, said on
Monday it would move its domicile to Britain, where it is
seeking a premium listing on the London Stock Exchange and
inclusion in the FTSE 100 Index.

The move would give it a broader shareholder base,
better long-term access to capital and improved liquidity, Evraz
said in a presentation to investors.

Sep 22, 2011

U.N. chief urges nations not to abuse racism debate

UNITED NATIONS (Reuters) – A decade after an acrimonious summit on racism, U.N. chief Ban Ki-moon urged nations on Thursday not to use the issue for “inflammatory rhetoric,” a reference to attempts to brand Israel as racist.

“We are all aware that the original Durban conference and its follow-up two years ago caused immense controversy,” the U.N. secretary-general told a meeting on Thursday marking the 10th anniversary of the Durban, South Africa, conference.

Sep 13, 2011

Blackstone senior Asia exec Jenkins leaving: sources

HONG KONG/NEW YORK (Reuters) – Blackstone Group’s (BX.N: Quote, Profile, Research, Stock Buzz) Ben Jenkins, a senior managing director and the firm’s former top Asia dealmaker, is leaving the firm and returning to New York after four years in the region, two sources said.

Jenkins was Blackstone’s top Asia manager until December, when the firm moved Michael Chae, a senior managing director in New York, to Hong Kong, to run the private equity unit there as well as to run relationships with Blackstone’s investors in the region.