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Eurasia Drilling Co. is rallying in the bond market as investors bet increased spending by Russia’s biggest crude producers will drive the field-services provider’s revenue to a record.
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Bondholders are increasing pressure on Brazilian billionaire Eike Batista to raise outside money for his oil producer, pushing up borrowing costs to levels associated with companies on the verge of collapse.
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Brazilian billionaire Eike Batista is no longer one of the world’s 100 richest people.
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Brazilian billionaire Eike Batista is no longer one of the world’s 100 richest people.
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Russian equity futures slipped and coal producer OAO Mechel traded at a discount to its Moscow shares for the first time in nine days, as worse-than-forecast U.S. housing data crimped the outlook for the global economy.
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Russian RTS stock-index futures fell the most in a week, signaling Russian stocks may extend their decline after political unrest in Egypt intensified.
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Prime Minister Vladimir Putin’s success in retaining a majority in parliament in yesterday’s legislative elections guarantees stability and will provide a boost to the cheapest developing-nation stock market, according to Prosperity Capital Management.
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The Russian bank owned by vodka billionaire Rustam Tariko is weighing the country’s first sale of yuan debt by a junk-rated lender as trade with China grows.
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Brazilian billionaire Eike Batista is borrowing credibility from the nation’s most influential businessman to arrest a decline in his commodities and energy companies that wiped out $25 billion of his wealth.
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Higher costs to feed chickens and pigs at Brazil’s Marfrig Alimentos SA are imperiling the biggest bond rally among Latin American food companies this year.