Andrey Kuznetsov News
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Novak Djokovic began his bid for a third straight Australian Open title with a straight-set victory and Maria Sharapova won 6-0, 6-0 to race into round two of the season-opening tennis Grand Slam tournament in Melbourne.
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Coffee futures fell the most in two weeks as weather concerns eased in Brazil, the world’s biggest producer, and U.S. inventories climbed. Cocoa, cotton and orange also slid, while sugar gained.
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Russian stocks tumbled, driving the dollar-denominated RTS Index down more than 20 percent from this year’s high as the slump in oil to a five-month low curbed appetite for equities in the world’s biggest energy exporter.
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Russian anger over fraud allegations in last week’s elections may swell a demonstration to the biggest in Moscow since Prime Minister Vladimir Putin rose to power more than a decade ago.
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OAO Magnitogorsk Iron & Steel and power distributor OAO MRSK Holding are the most likely stocks to join MSCI Inc.’s Russia index when changes are announced this week, according to Troika Dialog and UralSib Financial Corp.
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Russian stocks rose as oil and metals rallied on speculation central banks in the U.S. and China may add stimulus measures, boosting demand for raw materials.
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Citigroup Inc. said the market is factoring in a risk premium of about 200 basis points for Russia’s domestic political risk and the discount will be priced in “for the foreseeable future.”
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Russian President Dmitry Medvedev ordered an investigation of alleged parliamentary election fraud after Prime Minister Vladimir Putin faced the biggest protests in his 12 years in power.
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Prime Minister Vladimir Putin faced the biggest protests in his 12 years in power as Russians rallied across the country against election fraud.
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Prime Minister Vladimir Putin faced the biggest protests in his 12 years in power as Russians rallied across the country against election fraud.
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