Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after Chairman Johann Rupert said he’s very concerned that the global economy is in a precarious position.
OAO Mobile TeleSystems, Russia’s largest wireless carrier, fell in New York on concern sales will falter amid an economic slowdown. The stock’s premium to its price in Moscow shrank to the smallest in eight years.
Billionaire Mikhail Prokhorov’s Onexim Group agreed to buy Suleiman Kerimov’s stake in OAO Uralkali, bolstering prospects that a standoff over a global marketing venture for key crop nutrient potash will be resolved.
OAO Mechel fell to the lowest level on record amid speculation that an investor facing a margin call may have sold shares as Russia’s largest coking coal producer holds talks with banks about restructuring debt.