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Russian Emergency Funding Fails to Halt Stock Rout

Iniciado por bluexip, Setembro 17, 2008, 16:04

Tópico anterior - Tópico seguinte

bluexip


mais uma bolha clara que finamente está a implodir e possivelmente a atingir um climax

cumprimentos,
bluexip

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Sept. 17 (Bloomberg) -- Russia poured $44 billion into its three largest banks and halted stock trading for a second day in a bid to stem the most severe financial crisis since its devaluation and debt default a decade ago.

The Finance Ministry extended the repayment period on loans available to OAO Sberbank, VTB Group and OAO Gazprombank to three months from one week. The benchmark Micex stock index plunged as much as 10 percent, taking its three-day decline to 25 percent, and brokerage KIT Finance said it's in talks with investors to sell a stake after failing to meet some obligations.

Russia's markets are facing the biggest test since the government defaulted in 1998. The decade-long economic boom is fading, foreign investors have pulled at least $35 billion from the nation's stocks and bonds since the five-day war in Georgia last month, and the collapse this week of Lehman Brothers Holdings Inc. and American International Group Inc. prompted a flight from emerging markets.

in http://www.bloomberg.com/apps/news?pid=20601087&sid=ahdY8lggMSbE&refer=home
Ever wonder why fund managers can't beat the S&P 500? 'Cause they're sheep, and sheep get slaughtered.
- Gordon Gekko in Wall Street