Warrants tied to Argentina’s economy are posting the biggest gains this year on speculation President Cristina Fernandez de Kirchner’s increased spending before mid- term elections will bolster growth and ensure a payout for holders of the securities.
Baring Vostok Capital Partners is betting on online retailer Ozon.ru and classifieds website Avito.ru after Russia’s largest private-equity firm earned 500- fold returns on its investment in search engine Yandex NV.
Greek government bonds are worth buying at 61 cents on the dollar because European Union officials must agree a bailout package, said Eric Kraus, a strategist at Otkritie Financial Corp., a brokerage part-owned by Russia’s second-biggest bank.
Russia’s 12-year oil boom is nearing its peak, forcing the next president to decide whether to cut taxes and revive production or use the windfall from $100 oil to boost public spending and quell mounting unrest.
In a Muslim cemetery on a hill above Almaty, Kazakhstan’s largest city, a bronze bust of Erzhan Tatishev faces away from the headquarters of the bank he once led. It’s a fitting final gesture for BTA Bank JSC’s first chief executive officer, who died of a gunshot wound while hunting wolves near the Kyrgyzstan border in 2004.